As the 80th Change Order Floated Across His Desk,the Project

question 85

Multiple Choice

As the 80th change order floated across his desk,the project manager wished that he had kept the first 79.What money he had saved in scrap paper might well be lost in charges that could never be recouped from the client."What I need is better:

• A)Trend monitoring," muttered the manager.
• B)Configuration control," sighed the manager.
• C)Specification control," fumed the manager.
• D)Document control," whimpered the manager.

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Definitions:

Dollar Changes

Refers to the difference in value or cost in U.S. dollars of an item, investment, or project over time.

Quick Ratio

A liquidity ratio that measures a company’s ability to meet its short-term obligations with its most liquid assets, excluding inventory.

Current Ratio

A metric assessing a firm's capacity to meet its obligations due in less than a year by converting assets into liquid cash swiftly.

Decimal Place

A position of digit within a number after the decimal point, used to signify fractions of a whole.