Match each of the following terms with its definition.
-A major outcome and deliverable from the project initiation and planning phase that contains the best estimate of a project's scope,benefits,costs,risks,and resource requirements.
A)Baseline Project Plan
B)discount rate
C)economic feasibility
D)intangible benefit
E)intangible cost
F)legal and contractual feasibility
G)operational feasibility
H)one-time cost
I)political feasibility
J)present value
K)recurring cost
L)schedule feasibility
M)Project Scope Statement
N)tangible benefit
O)tangible cost
P)technical feasibility
Q)walkthrough

Question

Quizplus · Accepted Answer

B) Discount rate - The percentage used to discount future cash flows to their present value.
C) Economic feasibility - The analysis of whether a project will generate economic benefits that exceed its costs.
D) Intangible benefit - A benefit from a project that is difficult to quantify or measure objectively.
E) Intangible cost - A cost from a project that is difficult to quantify or measure objectively.
F) Legal and contractual feasibility - The analysis of whether a project can be implemented within the constraints of applicable laws and contracts.
G) Operational feasibility - The analysis of whether a project can be implemented within the constraints of existing operations and procedures.
H) One-time cost - A cost that is incurred once and not repeated.
I) Political feasibility - The analysis of whether a project can be implemented within the constraints of political considerations and public opinion.
J) Present value - The value of future cash flows discounted to their present value.
K) Recurring cost - A cost that is incurred repeatedly over time.
L) Schedule feasibility - The analysis of whether a project can be completed within the allotted time frame.
M) Baseline Project Plan - A major outcome and deliverable from the project initiation and planning phase that contains the best estimate of a project's scope, benefits, costs, risks, and resource requirements.
N) Tangible benefit - A benefit from a project that can be quantified or measured objectively.
O) Tangible cost - A cost from a project that can be quantified or measured objectively.
P) Technical feasibility - The analysis of whether a project can be implemented using available technology and expertise.
Q) Walkthrough - A review of a deliverable or process by a group of stakeholders to identify issues and ensure clarity.

Answer:

A) Project Scope Statement 
B) Discount rate 
C) Economic feasibility 
D) Intangible benefit 
E) Intangible cost 
F) Legal and contractual feasibility 
G) Operational feasibility 
H) One-time cost 
I) Political feasibility 
J) Present value 
K) Recurring cost 
L) Schedule feasibility 
M) Baseline Project Plan 
N) Tangible benefit 
O) Tangible cost 
P) Technical feasibility 
Q) Walkthrough

Each term is matched with its appropriate definition.

Match Each of the Following Terms with Its Definition