Which Principle Helps to Define What Should Be Included and What

question 2

Multiple Choice

Which principle helps to define what should be included and what should be excluded from a project?

• A) Defined roles and responsibilities
• B) Focus on products
• C) Manage by stages
• D) Continued business justification

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Definitions:

Cash Flow Estimation

The process of forecasting the cash inflows and outflows over a specific period, vital for budgeting and financial planning.

Cash Flows

The complete volume of financial transactions in and out of a business, crucially influencing its cash on hand.

Subjective Judgment

The use of personal opinions and feelings rather than external evidence or objective criteria to make decisions or evaluations.

Discounted Cash Flow

An appraisal technique that calculates an investment's worth by discounting its expected future cash flows to account for the time value of money.