The _____ Outlines How the Project's Status or Progress Will

question 44

Multiple Choice

The _____ outlines how the project's status or progress will be reported to stakeholders.

• A) Communication Plan
• B) Scope Management Plan
• C) Quality Management Plan
• D) Change Management Plan
• E) Human Resources Plan

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Definitions:

Comparative Advantage

The proficiency of an individual or group in executing a certain economic function more effectively than other tasks.

Lowest Cost

The scenario in which the expenditure required to achieve a certain objective or to purchase goods and services is minimized.

Opportunity Cost

The act of sacrificing possible gains from alternative decisions when one is made.

Freight Train

A freight train is a train composed of freight cars for the purpose of transporting goods and materials rather than passengers.