What is "Readjustig goal and Milestone" in project
managment and project planing

Answer Posted / tushar waghode

Re-adjusting goals can be viewed as a part of change
management where impact of changes result in change of
scope of the deliverables or project.
Milestone is used as a checkpoint at logical points in a
schedule to ascertain completeness of work at that point.
In Microsoft project a milestone is a zero duration, zero
resource intentive activity.

Is This Answer Correct ?    25 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

You are a project manager for a manufacturing firm that produces Civil War-era replicas and memorabilia. You discover a design error during a test production run on your latest project. Which of the following is the most likely response to this problem? A. Reduce the technical requirements so that the error is no longer valid. B. Go forward with production and ignore the error. C. Go forward with production but inform the customer of the problem. D. Develop alternative solutions to address the error.

779


Which of the following is true? A. Discounted cash flow analysis is the least precise of the cash flow techniques as it does not consider the time value of money. B. NPV is the least precise of the cash flow analysis techniques as it assumes reinvestment at the discount rate. C. Payback period is the least precise of the cash flow analysis techniques as it does not consider the time value of money. D. IRR is the least precise of the cash flow analysis techniques because it assumes reinvestment at the cost of capital.

571


You are working on a project that is similar in scope to a project performed last year by your company. You might consider which of the following? A. Using the previous project's alternatives identification as a template B. Reusing the previous project's benefit/cost analysis as justification for this project C. Using the previous project's WBS as a template D. Reusing the previous project's product description when writing the scope statement

702


You are the project manager for a software consulting firm that is working on developing a new software program for a customer in another country. Things seem to be progressing well. Recently, your stakeholders examined the work of the project and formally accepted the work results. Which process was just performed? A. Scope Verification B. Quality Assurance C. Performance Reporting D. Quality Control

789


All of the following are true regarding parametric modeling except: A. It's a form of top-down estimating. B. It's a mathematical model. C. It's a tool used to estimate project costs. D. It's a tool used to estimate project time.

671






Write about organising and staffing in management.

634


All of the following are true regarding the ADM method except: A. It's a tool and technique of Activity Sequencing. B. It uses one time estimate to determine durations. C. It's also called AOA. D. It's rarely used today.

776


How do you start a project plan?

630


Your selection committee is debating between two projects. Project A has a payback period of 18 months. Project B has a cost of $125,000 with expected cash inflows of $50,000 the first year and $25,000 per quarter after that. Which project should you recommend? A. Either Project A or Project B because the payback periods are equal B. Project A because Project B's payback period is 21 months C. Project A because Project B's payback period is 24 months D. Project A because Project B's payback period is 20 months

834


Explain the meaning of management.

608


Which of the following is constraint chat you might find during the Organizational Planning process? A. Organizational structure, expected staff assignments, collective bargaining agreements, and project management team preferences B. Organizational structure, organizational interfaces, technical interfaces, and interpersonal interfaces C. Organizational interfaces, expected staff assignments, collective bargaining agreements, and project management team preferences D. Organizational interfaces, technical interfaces, and interpersonal interfaces

591


What is the difference between risk impact and risk probability?

564


What is the meaning of scope of the project?

630


You are a project manager for a telecommunications firm. You're working on a project that entails upgrading technical hardware and equipment. The estimated cost of the hardware and equipment is $1,725,000. You are reviewing products from three different vendors. One of the vendors invites you to lunch. What is the most appropriate response? A. Thank them but let them know this could be a conflict of interest since you haven't made a decision about which vendor you're going to choose. B. Thank them and decline. You know this could be considered personal gain, which could call your integrity into question. C. Thank them and accept. You don't believe there is a conflict of interest or a personal integrity issue. D. Thank them and decline. You believe this could be a conflict of interest on the part of the vendor, and you don't want to encourage that behavior.

671


Common causes of variances are a result of all of the following except: A. Random variances B. Predictable variances C. Special variances D. Variances that are always present in the process

623