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murzikaleks [220]
3 years ago
11

4. What aspect of project management was omitted from the PMI definition that is included in the definition proposed by Meredith

and Mantel
Business
1 answer:
lukranit [14]3 years ago
6 0

Answer:

Fulfilling client's expectations

Explanation:

Project management can be defined as the use of skills, tools and knowledge to effectively execute a project.

The Project Management Institute (PMI) aims to develop the project management profession.

PMI definition proposed by Meredith and Mantel has included client satisfaction as a criteria for project success.

Initially client satisfaction was not included in Project Management definition.

According to them project management is the use of skills, tools, and knowledge to meet and exceed customer expectations.

This definition now different from the previous one that focuses on meeting project specifications

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Answer:

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Explanation:

Assuming the company uses straight line method of depreciation, then cost of depreciation is $5,000 each year.

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As the depreciation is fixed and does not depend on number of units produced and sold, the depreciation to be charged in income statement = $5,000.

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