Key Terms

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To pass the PMP exams, you will need to memorize these terms and their definitions. For maximum value, create your own flashcards based on these definitions and review them daily. The definitions can be found within this chapter and in the glossary.

benefit measurement methods	product scope	time value of money
benefit/cost ratios	project scope	value added change
constrained optimization methods	project scope management	WBS
future value	ROI	WBS dictionary
internal rate of return	scope statement	WBS template
net present value	scope verification
present value	scoring models

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