Logo
Home Study Material Contact Search
AI Chat FREE
  1. engineering
  2. civil engineering
  3. the project management plan is the most important

The project management plan is the most important planning document produced with inputs from several project...

80.2K

Verified Solution

Question

Civil Engineering

The project management plan is the most important planningdocument produced with inputs from several project team members. Inwhich of the following processes will the project management planNOT be updated?

Monitor and Control Project Work

Develop Project Charter

Perform Integrated Change Control

Direct and Manage Project Work

There are three projects:
Project A has a payback period of 3 years and NPV of $300,000.
Project B has a payback period of 2 years and NPV of $200,000.
Project C has a payback period of 1 year and NPV of $ 100,000.

Which project should be selected if NPV criterion is used?

Project A

Project B

Project C

Project A, B, or C can be selected, because all of them haveequal value

Project integration management includes the processes andactivities needed to identify, define, combine, unify andcoordinate the various processes and project management activitieswithin the project management process group. When a project isinitiated, one of the processes taken up early on in the projectinitiation stage is:

Identify Stakeholders

Define Scope

Plan Human Resource Management

Develop Project Management Plan

Answer & Explanation Solved by verified expert
3.7 Ratings (539 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Do you think Benjamin Strong would have agreed with the words below spoken by Franklin Roosevelt...

Finance
1.2K views

QUESTION 18 According to the Code of Ethics, CFA Institute members are NOT required to: a. Place the integrity...

Statistics
1.2K views

A population is normally distributed with mean ? and standard deviation ?. Find the percentage of...

Chemistry
1.2K views

Problem 16.73 Ephedrine, a central nervous system stimulant, is used in nasal sprays as a decongestant. This...

Biology
1.2K views

The woven intertwining mass of hyphae that makes up the body of a mold is...

Calculus
1.2K views

rplane travels at an average velocity of 618 kilometers per hour for 2 hours and...

Calculus
1.2K views

Consider the following function v x Answer if x 2 6 4 x if x...

Accounting
1.2K views

Phillip, a single parent, would like to contribute $1,800 to an educational saving account for...

Accounting
1.2K views

Calculate the interest rate using following information (Enter your answer in percentage. Round your answer...

Accounting
1.2K views

Requlred Information [The following information applles to the questions displayed below.] Laker Company...

Finance
1.2K views

What is a credit score? What can a credit score be used for?

Finance
1.2K views

Class Exercise 02 (January 2023) 1. Open SenecaLakeSports.xlsx from Canvas. If the workbook opens...