Which Is a Purpose of a Lessons Log

question 123

Multiple Choice

Which is a purpose of a Lessons Log?

• A) Note any lessons that are raised in Checkpoint Reports
• B) Record that corrective action is being taken
• C) Escalate lessons to the Project Board
• D) Raise improvements with Project Assurance

---

Definitions:

Cost Driver

A factor that influences or contributes to the expense of certain business operations.

Direct Costs

Costs that can be directly attributed to the production of a specific good or service, such as raw materials and direct labor.

Allocation Base

A measure or statistic used to distribute indirect costs to different cost objects, such as departments or products.

Overhead Costs

Expenses related to the day-to-day running of a business that cannot be directly attributed to creating a product or service, such as rent, utilities, and insurance.