The Four Contemporary Core Project Quality Concepts That Evolved from the Quality

question 29

Multiple Choice

The four contemporary core project quality concepts that evolved from the quality gurus and frameworks include which of the following?​ 

• A) assumption-based management 
• B) stakeholder satisfaction 
• C) benchmarking 
• D) earned value management

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Definitions:

Current Cost

The cost to replace an asset or inventory at current market prices, differing from historical cost which is the original cost at the time of purchase.

Historical Cost

An accounting principle that assets should be recorded and valued at their original purchase cost.

Future Sacrifice

An expected loss of economic benefits due to commitments or obligations a business has entered into.

Liability

A financial obligation or debt owed by a business to another entity, typically due for repayment in the future.