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NEW QUESTION: 1
Sam works as a project manager for BlueWell Inc. Which of the following processes will he use for selecting a scheduling method, scheduling tool, incorporating project specific data within that scheduling tool to develop a project specific schedule model, and generating project schedule?
A. Perform Integrated Change Control process
B. Schedule Maintenance process
C. Schedule Development process
D. Constructability Analysis process
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The schedule development process is used for selecting a scheduling method, scheduling tool, incorporating project specific data within that scheduling tool to develop a project specific schedule model, and generating project schedule. Schedule development is the process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule. Inserting the activities, durations, and resources into the scheduling tool generates a schedule with planned dates for completing the project activities. The goal of the schedule development is to form the processes such that the stakeholders can use it in the creation of the project. Schedule development consists of two main sections:
ArticlesItemsReportsHelp
1. Input and Data: The starting point for any schedule is the input of information developed during the planning process.
Define schedule scope
Breakdown structure relationships
Schedule specification
Feedback from stakeholders
Cost estimate model
2. Creating Schedule: This process provides basic knowledge in an outline structure for a study of the means, methods, and tools necessary for the project schedule development process.
Types of schedules
Activities
Durations
Relationships
Constraints and calendars
Cost and resource loading
Schedule quality analysis and compliance review
Schedule basis documentation
Incorrect Answers:
A: Constructability analysis is a process that starts in the initial planning phases and persists all over the entire planning cycle and into the implementation phase of the project. Constructability analysis during the planning process examines the methods and cost of installed equipment and materials, technology, site conditions, resources, and related infrastructure. The benefit of constructability analysis is to reduce both the time and cost of a project. Constructability analysis is repeatedly performed throughout the life-cycle of a project in order to optimize cost, plan, and schedule while mitigating risk. It is a very important process that needs to be performed early in planning to allow alternatives to be considered and integrated into the design.
B: Schedules maintenance is a method to account progress and to forecast trends, progress, and completion. Schedules are used to manage successful execution of projects. A schedule models the plan using resources and execution strategy to gather the project objectives. Periodic updates are undertaken to determine the actual progress achieved. Information obtained in the updating process, along with trend analysis and forecast of future progress, is reported to stakeholders. These progress updates include schedule maintenance to account for nominal changes to the execution plan. Depending upon the nature of change, the schedule and assumptions upon which the schedule was based significantly change. The schedule must be re-examined and updated, as necessary, to develop a new baseline for measuring further progress. Schedule maintenance consists of the following elements:
Baseline Schedule
Tracking Schedule Progress
Cost and Resource Management
Schedule Change Management
Acceleration
Schedule Maintenance Feedback
D: Perform Integrated Change Control is the process of reviewing all change requests, approving changes, and controlling changes to the deliverables and organizational process assets in a project. Perform Integrated Change Control has to do with influencing the things that cause change, determining that the change is required or has happened, and managing the change.
NEW QUESTION: 2
Which of the following procedures would an auditor most likely perform in auditing the statement of cash
flows?
A. Confirm the amounts included in the statement of cash flows with the entity's financial institution.
B. Reconcile the amounts included in the statement of cash flows to the other financial statements'
amounts.
C. Reconcile the cutoff bank statement to the proof of cash to verify the accuracy of the year-end cash
balance.
D. Vouch a sample of cash receipts and disbursements for the last few days of the current year.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. To audit the statement of cash flows, the auditor reconciles the amounts on the
statement to amounts on other financial statements.
Choice "B" is incorrect. Vouching a sample of cash receipts and disbursements is a procedure used to
audit the cash balance, rather than the statement of cash flows.
Choice "C" is incorrect. Reconciling the cutoff bank statement to the proof of cash to verify the accuracy of
the year-end cash balance is a procedure used to audit the cash balance, rather than the statement of
cash flows.
Choice "D" is incorrect. Confirming cash amounts with the entity's financial institution is a procedure used
to audit the cash balance, rather than the statement of cash flows. Evidential Procedures for Selected
Accounts
NEW QUESTION: 3
Market segmentation means that:
A. There is only a small market that is available to consumers.
B. Customers are sub divided into smaller groups to distinguish purchaser behaviour.
C. Organisations can deal quicker with customers.
D. The market that the organisation is selling to has become saturated.
Answer: B