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Critical Thinking Questions Case 6-1 in Your Role as a Consultant

question 6

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Critical Thinking Questions Case 6-1 In your role as a consultant for people buying new computer systems, you always work hard to stay abreast of the latest memory requirements for your users. Another client is installing her new memory modules today. Which of the following is an instruction or piece of advice you give her?

Identify activities carried out in each phase of the project life cycle.
Recognize the importance of documenting and archiving project documents.
Comprehend the role of the client during the project closeout phase.
Understand how detailed schedules and budgets are developed during the planning phase.

Definitions:

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives.

Sources and Uses

A financial statement that outlines how funds are raised (sources) and spent (uses) within a business or project.

Statement of Cash Flows

A financial statement that shows the changes in a company's cash balances by categorizing cash flows into operating, investing, and financing activities.

Cash

Money in the form of currency, including coins and paper bills, used as a medium for financial transactions.

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