Project Control Should Be

question 57

Multiple Choice

Project control should be:

• A)Maintained by the project organization using the most complete measurement system,earned value management.
• B)Maintained by the project organization using the simplest measurement,an S-curve.
• C)Maintained by both the project organization and the customer using the most complete measurement system,earned value management.
• D)Tailored to the needs and culture for which an organization intends it.

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Definitions:

Old Accounts Receivables

Outstanding invoices a company has yet to collect from customers past the due date.

Percentage of Receivables Basis

An accounting method used to estimate the amount of receivables that will not be collected by calculating a percentage of the total receivables.

Income Statement Relationships

The connections between various financial items on the income statement, illustrating how sales revenue affects net income.

Nontrade Receivables

Monetary claims against others that cannot be classified as trade receivables, often arising from financial transactions.