A Project Manager Wishes to Track a Project's Performance Against

question 481

Multiple Choice

A project manager wishes to track a project's performance against the original approved schedule. Which of the following steps is necessary to capture the needed information?

• A) Determine the critical path.
• B) Determine the milestones.
• C) Set phase gates
• D) Set a baseline.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company; this amount includes the cost of the materials and labor directly used to create the product.

Merchandise Inventory

Goods available for sale to customers, which can include both purchased products and those manufactured by the company.

Monthly Expenses

Recurring costs incurred by a business or individual that are expected and budgeted on a monthly basis.

Accounts Payable

The amounts a company owes to suppliers for goods and services purchased on credit.