Questions

"National Volunteer Day" & "International Peace Day" are observed on 21st september every year.

I. Inputs

• Cost baseline


• Project funding requirements


• performance reports


• Work performance information


• Approved change requests


• Project management plan

II. Tools and Techniques

• Cost change control system


• Performance measurement analysis


• Forecasting


• Project performance reviews


• Project management software 


• Variance management

III. Outputs

• Cost estimate (updates)


• Cost baseline (updates)


• Performance measurements


• Forecasted completion


• Requested changes


• Recommended corrective actions


• Organizational process assets (updates)


• Project management plan (updates)

Galloping inflation is also known as jumping inflation.

It refers to a type of inflation that occurs when the prices of goods and services increase at the two-digit or three-digit rate per annum.

I. Inputs

• Contract


• Contract management plan


• Selected sellers


• Performance reports


• Approved change requests


• Work performance information

II. Tools and Techniques

• Contract change control system


• Buyer-conducted performance review


• Inspections and audits


• Performance reporting


• Payment system


• Claims administration


• Records management system


• Information technology

III. Outputs

• Contract documentation 


• Requested changes


• Recommended corrective actions


• Organizational process assets (updates)


• Project management plan (updates)

                 - Procurement management plan

                 - Contract management plan