A Change Must Be Made to a Project to Comply

question 300

Multiple Choice

A change must be made to a project to comply with municipal code. The project manager updates the relevant shared project documents. The key stakeholders subsequently update the documents with new information. When the project deliverables are reinspected, they fail the inspection. Which of the following is the MOST likely reason for the failed inspection?

• A) There were insufficient resources assigned to the task.
• B) The prior document version was not reviewed.
• C) Version control processes were not applied.
• D) The CCB was not contacted.

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Definitions:

Undiscounted Amount

The total amount of cash flow without adjusting for its present value or interest rates.

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future, often on a financial or commodity market.

Hedge Inventory

Hedge inventory involves the use of financial instruments or market strategies to offset potential losses or gains in the inventory's value due to price fluctuations.

Selling Price

The amount of money a buyer pays to purchase a product or service.