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In: Civil Engineering

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

The project management plan is the most important planning document produced with inputs from several project team members. In which of the following processes will the project management plan NOT 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 have equal value

Project integration management includes the processes and activities needed to identify, define, combine, unify and coordinate the various processes and project management activities within the project management process group. When a project is initiated, one of the processes taken up early on in the project initiation stage is:

Identify Stakeholders

Define Scope

Plan Human Resource Management

Develop Project Management Plan

Expert Solution

Ally Wells answered 7 months ago

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