Lesson 7 Financial Management

Question 1

Reporting

Answer 1

On projects (in progress)
Tracking and preventing site losses (margin erosion)

Question 2

Financial Controls

Answer 2

Approving invoices
Cyber security
Fraud

Question 3

Cost to complete

Answer 3

$ already spent + $ budget remainder = All cost

Question 4

Progress Reports

Answer 4

Cost to complete
Cost vs Allowable
Costing using the schedule

Question 5

7 Reasons Why Cyber Threats Target Small Businesses

Answer 5

No IT department
Less likely to follow Internet Best Practices
Simple networks & systems
Using the cloud
Using 3rd party software
Big Data
Easy target