An Important Departure from Traditional Project Management Is That Critical

question 29

Multiple Choice

An important departure from traditional project management is that critical chain project management logic:

• A)Changes from a late finish to an early start approach.
• B)Factors in the effects of resource contention.
• C)Adjusts expected activity durations to reflect a 95% probability of completion on time.
• D)Creates a separate safety margin for each activity in the project.

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Definitions:

Equipment

Tangible property used in operations, which is not intended for sale, often with a useful life exceeding one year and subject to depreciation.

Balance Sheet

A financial statement that showcases the financial position of a company at a specific point in time, including assets, liabilities, and shareholders' equity.

Liabilities

Financial obligations or debts owed by a company to creditors.

Equity

The value of an ownership interest in property, including shareholders' ownership in a company.