What are the major types of paperwork that must be closed out at the end of a project? What are some elements of each type?
What will be an ideal response?
The end of a project requires the close out of a substantial amount of paperwork that document and record processes, close resources, and track contractual obligations. Some of the major types of paperwork include:
Documentation — All pertinent records must be archived including schedule and planning documents, all monitoring and control materials, any records of materials or other resource usage, customer change requests, and specification change approvals.
Legal — All contractual agreements must be filed and archived.
Cost — All accounting records must be carefully closed out including cost accounting records, lists of materiel, major purchases, and budgetary items. All cost accounts must be closed and unused funds or budget reverted back to the company budget.
Personnel — The costs and other charges for all project team personnel must be accounted for, their time charged against project accounts, and any company overhead in the form of benefits identified.
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The maker of Peter Pan peanut butter has developed a honey-flavoured peanut butter spread to add to its peanut product line. Is this a new product?
a. Yes, this is a discontinuous innovation. b. No, peanut butter cannot be considered an innovation. c. Yes, additions to the product line are new products. d. No, this is not a product improvement.
The Treaty of Maastricht failed to bring about a monetary union among the members of the EU
Indicate whether the statement is true or false