A Project Manager Received a Change Request, Immediately Documented the Required

question 184

Multiple Choice

A project manager received a change request, immediately documented the required changes, and evaluated the impact of and justification for the changes. Which of the following should the project manager do NEXT?

• A) Gain approval for the changes.
• B) Identify the approval authority.
• C) Implement the changes.
• D) Create an emergency change request.

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Definitions:

Appraised Fair Value

The estimated market value of an asset as determined by a formal assessment or valuation process.

Cost

The amount of money or resources expended to acquire an asset, produce a product, or deliver a service.

Book Value

The amount of an asset or liability according to its balance sheet account, minus any depreciation, amortization, or impairment costs.

Inventory Items

Goods and materials that a business holds for the ultimate goal of resale or production.