The Key to Effective Project Control Is Measuring Actual Progress

question 4

Multiple Choice

The key to effective project control is measuring actual progress and comparing it to planned progress on a timely and regular basis and

• A) taking any needed corrective action immediately.
• B) leaving the project to self-correct.
• C) fast tracking all the activities in the project until the project is ahead of schedule.
• D) making sure the critical path doesn't change.

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Definitions:

Cash Outflow

Money or cash disbursed by a business for various purposes like operating expenses, investment, and financing activities.

Inventory Purchase

The acquisition of goods and materials that a company intends to sell or use in production, recorded as an asset on the balance sheet until sold.

Financing Activity

Transactions and events where cash is obtained from or repaid to investors and creditors, excluding those relating to operating and investing activities.

Capital Stock

The total amount of a company's share equity including both common and preferred shares, representing the initial investment in the business.