The Project Manager Should Monitor the Progress of Any Activity

question 41

True/False

The project manager should monitor the progress of any activity with a large time variance even if the expected time does not identify the activity as a critical activity.

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Definitions:

Carrying Cost

The full expenditure of keeping stock on hand, covering expenses related to storing, managing, value reduction, and the cost of alternative opportunities forgone.

Multiple Discriminant Analysis (MDA)

Statistical technique for distinguishing between two samples on the basis of their observed characteristics.

Statistical Technique

A method or formula derived from statistical science used to analyze, interpret, and collect data.

Samples

Small portions or quantities intended to show what the whole is like.