Project Management Can Be Defined as Planning, Directing, and Controlling

question 45

True/False

Project management can be defined as planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project.

---

Definitions:

Bad Debt Expense

An expense account representing accounts receivable that a company does not expect to collect and writes off as a loss.

Allowance for Doubtful Accounts

A contra account that reduces the total receivables on the balance sheet to reflect the amount that is expected not to be collected.

Selling Receivables

The process of selling a company's outstanding invoices to a third party to improve cash flow and reduce risk.

Risk

The possibility of experiencing loss or other adverse effects in business or investment.