What are the trade-offs among schedule slippage, resource utilization, and in-process inventory for a project manager in a multi-project environment?
What will be an ideal response?
Schedule slippage is a negative consequence on time performance for a project. Resource utilization is the degree to which available resources are deployed and in-process inventory represents the amount of work waiting to be completed but delayed due to unavailable resources. Resource utilization can be increased by deploying all available resources as fully as possible.
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For each of the following efficiency standards, indicate which parties are responsible for the standard and list one factor that should be used in setting the standard
Efficiency standard Responsible party Factor used in setting the standard Direct materials Direct labor What will be an ideal response
Under modern statutes, the two general prerequisites to the declaration of a dividend are Corporate solvency. A resolution by the directors to declare a dividend.
A. I only. B. II only. C. Both I and II. D. Neither I nor II.