What Is the First Process Involved in Project Schedule Management

question 8

Multiple Choice

 What is the first process involved in project schedule management?

• A) defining activities
• B) estimating activity durations
• C) planning schedule management
• D) sequencing activities

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Definitions:

Normal Balance

The side of an account (debit or credit) that is expected to increase; for assets and expenses, it’s debit; for liabilities, equity, and revenue, it's credit.

Financial Statement

A financial statement is a formal record of the financial activities and position of a business, person, or other entity.

Permanent/Temporary

Categories representing either enduring, long-term attributes or conditions, or those that are short-lived and transient.

Post-closing Trial Balance

A list of all accounts and their balances after closing entries have been made, ensuring that debits equal credits.