6 Project A has five phases. The Level 1 work breakdown structure (WBS) is provided below. The description shown for WBS ID 5.0 has been named "Manufacturing." Because it is likely that the WBS will be sorted and displayed in various manners and degrees of completeness, the project manager wants to reduce the descriptions ambiguity WBS ID Description 0.0 Project A 1.0 Project started 2.0 Feasibility 3.0 Design 4.0 Development 5.0 Manufacturing 6.0 Distribution apewex Project Completed 7.0 ont manager take to move ambiguity toward clarity? 1.0 2.0 3.0 4.0 Project started Feasibility Design Development Manufacturing Distribution Project Completed 5.0 6.0 7.0 Which action should the project manager take to move ambiguity toward clarity? Rename the WBS items 2.0 through 6.0 for each item to form a complete sentence Rename only WBS item 5.0, even if doing so reduces its relevance to the baselines Clearly establish the context by adding a uniform label, such as "Function," only to WBS 5.0 Clearly establish the context by adding a uniform label, such as "Phase," to WBS items 2.0 through 6.0 26 Match each purpose of a financial concept with its associated financial concept. Answer options may be used more than once or not at all. Select your answer from the pull-down list To calculate the time required to earn back the cost of a project To calculate what money is worth today compared to the future To calculate the alternative use of money To calculate whether revenue tomorrow is greater than costs today Net present value Opportunity cost NEXT > BOOKMARK CLEAR Payback period Time value of money Question navigation 29 The owner of a small distribution company is considering several potential projects to improve the organization's performance. The potential projects cover a wide range of operational and strategic issues. The owner has decided to analyze the potential projects based on the answers to a single set of questions. Which type of project selection model is the owner using? Payback period Sacred cow Checklist Scoring BOOKMARK CLEAR NEXT >