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Project Cost Control for Project Managers

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Project Cost Control for Project Managers

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Questions and Answers

What is the primary purpose of a Work Breakdown Structure (WBS)?

To visualize the project schedule using Gantt charts

To identify all the project activities (correct)

To allocate resources effectively

To determine the total duration of the project

How do project managers control the project schedule?

Monitoring the duration of each task

Defining task sequences

Creating policies and procedures for planning

Comparing the schedule baseline to actual progress (correct)

Which scheduling technique can be used to determine the total duration of a project?

Critical path method (correct)

PERT charts

Gantt chart visualization

Resource scheduling

In project management, what is the purpose of comparing the schedule baseline to actual progress?

Determining if projects are on track (A) Signup and view all the answers

What is the role of a Gantt chart in project scheduling?

Visualizing the project schedule (D) Signup and view all the answers

Why is it important for project managers to define task sequences?

To avoid bottlenecks (B) Signup and view all the answers

Which aspect of project management involves creating policies, procedures, and documentation?

Scope management (B) Signup and view all the answers

What helps project managers avoid bottlenecks in resource allocation?

Creating a resource schedule (C) Signup and view all the answers

What technique is used to compare the planned duration with the actual progress of a project?

PERT charts (C) Signup and view all the answers

What aspect of project management involves comparing the actual progress with the planned baseline?

Progress tracking (B) Signup and view all the answers