Whenever a Customer Requests Changes, the Project Manager Should

question 42

Multiple Choice

Whenever a customer requests changes, the project manager should

• A)do a quick estimate and say if the change is okay or not.
• B)have the appropriate project team members estimate the effects on the project cost and schedule.
• C)stop the project's progress.
• D)ignore the request and deliver the product promised.

Identify the difference between theoretical standards and practical standards and their effect on employee motivation and performance evaluation.

Understand the concept and application of standard costs in cost management and product costing.

Analyze the impact of practical standards on manager attitudes and commitment.

Identify potential negative outcomes of incentive systems based on meeting predetermined standards.

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Definitions:

Aggregate Planning

A production planning method that determines the necessary resources to meet projected demand over a future period, typically medium-term.

Subcontracting

The process of assigning or outsourcing part of the obligations and tasks of a contract to another party, usually to specialize in that aspect of the work.

Ending Inventory

The total value of all inventory that a company has in stock at the end of an accounting period.

Overtime

Additional hours worked by an employee beyond the standard working hours, often compensated at a higher rate than regular hours.