What Is the Process of Managing Changes to the Business

question 20

Multiple Choice

What is the process of managing changes to the business requirements throughout the project?

• A) Requirements documentation
• B) Requirements management
• C) Requirements definition document
• D) All of these choices

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Definitions:

Stock

Shares representing ownership in a company or commodities or goods held in inventory by a business.

Just-in-time (JIT)

An inventory management strategy that arranges the receipt of resources and materials right at the moment they are needed, reducing storage costs.

Cross-docking

A logistics practice where incoming shipments are unloaded directly from supplier or manufacturing transport onto outbound trucks, trailers, or rail cars with minimal or no storage in between, reducing inventory holding times and costs.

Inventory Investment

The purchase of goods and materials that a company holds in anticipation of future sales, representing a significant part of its assets.