Exam 18: Procuring Professional Services

F - earliest finish time can be defines as:

_________ is the amount of time that an activity can be delayed past its earliest start or earliest finish without delaying the project.

The _______ for an activity is the time between its earliest and latest start time, or between its earliest and latest finish time.

Speeding up the project is referred to as _________.

Some of the tasks involved in a typical complex project are given below: . Contractors/managers must be assigned direct cost center responsibility early. . Joint reviews of direct cost must take place on a scheduled basis. . Use tracking estimates to monitor budgeted versus actual costs. . Work hours must not be controlled.

ecause of its impact on the entire project, _____________ analysis is an important aspect of project planning.

S - earliest start time can be defined as:

The duties and responsibilities of the project or contract manager are diversified. The precise duties depend on the owner's organization. The skill and experience of the _____________ are the ultimate determinants of a successful project.

LF - latest finish time can be defined as:

Some of the tasks involved in a typical complex project are given below: .Establish at least a 5 percent productivity improvement over previously established norms for the type of work in question. .Labor budgets must be available to the contractor early in the project. .Measures of actual performance against budgeted performance must be collected accurately. The data must be reliable. .These data should then be used for decision making.

___________ is described as follows: The work breakdown structure, a listing can be made of all the activities in the project. This listing can be used as the basis for adding sequence and duration information in later steps.

Gantt charts (or Bar charts) are useful tools for planning and scheduling projects. Gantt charts: .Allow you to assess how long a project should take. .Lay out the order in which tasks need to be carried out. .Help manage the dependencies between tasks. .Determine the resources needed.

The __________ is a robust logical system for planning and scheduling using bar charts. _____ is a graphical representation of the interrelationships of the various project activities. With _____ the contract administrator can assess the status of the project at any time, and it enables the contract administrator to monitor and revise scheduling during the project to meet the desired completion date.

delay in the critical path delays the project. Similarly, to accelerate the project it is necessary to _________ the total time required for the activities in the critical path.

Some of the tasks involved in a typical complex project are given below:stablish a reasonable budget.Know where expenditures are being made.orecast final expenditures.Identify problem areas by comparing expenditures and budgets.

LS - latest start time can be defined as:

There is _________ associated with any feasible activity on the critical path.

Planning must be done before performing any function. A schedule is a time-phased plan. The principal uses of schedules in the implementation process are outlined in the textbook. The list below contains items from the section entitled, Before Starting Project. One does not belong. Which one is incorrect?

irect ____________ is increasing in the manufacturing sector as manufacturing flexibility allows more customized design.

Planning must be done before performing any function. A schedule is a time-phased plan. The principal uses of schedules in the implementation process are outlined in the textbook. The list below contains some items which might have come from the section entitled, After Completion of Project. Which one(s) is/are correct?