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PSYCHO15rus [73]
3 years ago
7

People who are part of the project team need to understand project management because they Multiple Choice Need to understand th

e project charter or scope statement that defines the objectives and parameters of the project. Work with others to create a schedule and budget. Need to understand project priorities so they can make independent decisions. All of these are reasons it is important for project team members to understand project management. Need to be able to monitor and report project progress.
Business
1 answer:
NeX [460]3 years ago
5 0

Answer:

All of these are reasons it is important for project team members to understand project management.

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.

The fundamentals of Project Management are considered universal across most businesses and professions.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

It is very important and essential that project managers in various organizations, businesses and professions adopt the aforementioned fundamentals in order to successfully achieve their aim, objectives and goals set for a project.

Furthermore, members of the project team need to understand project management because they;

I. Are required to understand the project charter or scope statement that defines the objectives and parameters of the project.

II. Work with other members in the team to create a project schedule and budget.

III. Need to understand the priorities defined by the project manager, so they can make independent and well-informed decisions.

IV. Need to be able to monitor and report the progress of the project as they are being implemented or executed.

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Which student shows resilience in relation to his or her time-management plan? Group of answer choices Amber buys all of her boo
geniusboy [140]

The correct answer is C. Edgar arranges a meeting with his instructor after missing class due to illness.

Explanation:

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8 0
3 years ago
Motor Sales sold its old office furniture for $ 5,500. The original cost was $ 15,000​, and at the time of​ sale, accumulate
Nikitich [7]

Answer:

The effect of this transaction is a gain of $2,500 on disposal.

Explanation:

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Accumulated depreciation = $12000

Net book or carrying value = 15000 - 12000

                                             = $3,000

Income from disposal = $5,500

Gain/(loss) on disposal = $5,500 - $3,000

                                      = $2,500

The effect of this transaction is a gain of $2,500 on disposal.

7 0
3 years ago
Monroe Minerals Company purchased a copper mine for $120,000,000. The mine was expected to produce 50,000 tons of copper over it
NikAS [45]

Answer:

Net Income = $4,560,000

Explanation:

           Monroe Minerals Company

                 Income Statement

For the year ended, December 31, 20Y1

Revenues:

Sales revenues (6,000 tons of copper × $4,500)        = $27,000,000

Operating Expenses:

            Operating expenses                     $8,040,000

            Depreciation expenses (Note 1) <u> $14,400,000 </u>                

Total operating expenses                                                 <u>  22,440,000</u>

Net operating income                                                       $4,560,000

<em>Note 1</em>

Depreciation expense rate =

Cost of equipment ÷ expected unit production

or, Depreciation expense rate = $120,000,000 ÷ 50,000 tons of copper

or, Depreciation expense rate = $2,400/ton

Therefore, depreciation expense for the year 1 = $2,400 × 6,000 = $14,400,000.

6 0
3 years ago
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