Certification Questions

The primary goals of financial management dwell on both short-term and long-term activities that seek to maximize value creation from scarce financial resources. And then the primary goal of financial management is to Maximize the current value per share of the existing stock.

All businesses aim to maximize their profits, minimize their expenses and maximize their market share. Here is a look at each of these goals.

Financial management is a process that enables a business to plan, direct, organize, monitor and control its current and future financial resources and events. It involves applying the basic principles of management in financial activities such as purchases, sales, capital expansion, inventory valuation, financial reporting, and profit distribution.

In SQL, BETWEEN Keyword is used for ranges like Number Ranges, Date Ranges, etc...

A candidate key is a column, or set of columns, in a table that can uniquely identify any database record without referring to any other data. Each table may have one or more candidate keys, but one candidate key is unique, and it is called the primary key.

Work breakdown structure is an important tool for project scope management.

Project Scope Management refers to the set of processes that ensure a project’s scope is accurately defined and mapped. Scope Management techniques enable project managers and supervisors to allocate just the right amount of work necessary to successfully complete a project—concerned primarily with controlling what is and what is not part of the project’s scope.

Foreign keys are the columns of a table that points to the primary key of another table. They act as a cross-reference between tables.

In detail : A Foreign key is a field (or collection of fields) in one table that uniquely identifies a row of another table or the same table. In simpler words, the foreign key is defined in a second table, but it refers to the primary key or a unique key in the first table.

DBMS :: Database Managemet System.

A DBMS which keeps its physical structure hidden from the user is known as a transparent DBMS.

The project management life cycle describes high-level processes for delivering a successful project.

The project management life cycle is usually broken down into four phases:

1. Initiation and Planning,

2. Execution,

3. Project Monitoring and Control, and

4. Project Closing.

A project has a beginning and an end and passes through several phases of development known as life cycle phases. Every project has certain phases of development. A clear understanding of these phases allows managers and executives to maintain control of the project more efficiently.
These phases are varied depending upon the industry involved but all follow the same basic steps.

How Important is Project Life Cycle::

1. This is a tried and tested method for delivering projects on time, within budget and to the expected quality targets.

2. Aids communication and helps define roles within the project organisation as it provides a framework for the project that is visible and understood by all members of the project.

3. The project lifecycle will allow the project manager to link progress directly to each phase and recognise the completion of each phase

4. The phases within the project lifecycle provide an understanding of the evolution of the project, being able to identify areas that need greater attention at different times such as risk management in the early stages and more Project Evaluation Reviews during the Implementation stage.

5. At each stage, approval is generally required from outside the project team before proceeding to the next stage.

6. The project life cycle also allows for the gate procedure to be used.

7. At each stage, approval is generally required from outside the project team before proceeding to the next stage.