All of the Following Are the Functions of a Project

question 57

Multiple Choice

All of the following are the functions of a project management office EXCEPT:

• A) it maintains the organization's project management policies and procedures.
• B) it supervises the project managers.
• C) it monitors project performance.
• D) it assigns project managers from other departments but does not procure contract project managers.
• E) it provides functional support to projects like project scheduling and project cost analysis.

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Definitions:

Ordinary Interest

Interest calculated based on a 360-day year, typically used in banking and finance for loans and savings.

Total Amount

The aggregate or final sum of various components, such as the total cost, payment, or investment value.

Exact Interest

A method of calculating interest based on a 365 or 360-day year, often used in banking and finance to determine the amount due on loans or investments.

365-Day Year

A convention used in interest calculations assuming a full year consists of 365 days.