Closing Processes

question 19

Multiple Choice

Closing processes:

• A) Signal the beginning of the project or phase.
• B) formally accepts the project's product, service, or end result so the project or phase can be brought to an orderly close.
• C) focus on integrating people and resources to carry out the planned activities.
• D) supports planning of the entire project and each individual phase
• E) allows for managing and measuring progress toward the project's MOV and scope, schedule, budget, and quality objectives.

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Definitions:

NPV

Net Present Value, a financial metric that evaluates the profitability of an investment by calculating the difference between the present value of cash inflows and outflows.

Operating Lease

An agreement permitting the utilization of an asset without transferring ownership rights to the user.

Operating Leases

Lease agreements that allow for the use of an asset but do not convey rights of ownership, typically involving shorter-term leases with lower payments.

Financial Leases

Long-term leases that are effectively a method of borrowing to acquire equipment or vehicles, with lessee payments covering the asset's full value plus interest over the lease term.