Upon Assignment to a Project, the Project Manager Is Given

question 247

Multiple Choice

Upon assignment to a project, the project manager is given a set budget, a due date, and a clearly defined description of desired deliverables. Which of the following should the project manager do NEXT?

• A) Determine the flexibility between the project constraints
• B) Hold a kick-off meeting with the project team
• C) Determine procurement needs to meet the project demands
• D) Create the risk register

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Definitions:

Weighted-Average Methods

An inventory costing method that assigns an average cost to each unit, based on the weighted average of the costs of the goods available for sale.

Direct Labor Costs

Direct labor costs are the wages and other benefits paid to employees who are directly involved in the production of goods or services.

Processing Departments

Divisions within a manufacturing operation where a specific stage of production is completed.

Step-Down Method

An accounting method used to allocate service department costs to producing departments in a sequential manner, reflecting the services rendered to each.