What Is the Most Common Mistake Project Managers Make with Roles

question 42

Multiple Choice

What is the most common mistake project managers make with roles and responsibilities?

• A) They are assumed and not defined
• B) Hand them out too early
• C) Define them too well
• D) Make sure no one does more than they are supposed to.

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Definitions:

Capital Cost Allowance (CCA)

Depreciation for tax purposes, not necessarily the same as depreciation under International Financial Reporting Standards; depreciation method under Canadian tax law allowing for the accelerated write-off of property under various classifications.

After-Tax Operating Income

The income a company generates from its operations after subtracting taxes.

Required Return

The minimum expected return by investors for investing in a particular security or project, reflecting the risk level.

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted to cash in the short-term.