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Purchasing and Supply Chain Management Study Set 3
Exam 18: Procuring Professional Services
Path 4
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Question 21
Multiple Choice
___________ is described as follows: CPM is usually used for projects with predictable task times. CPM is a deterministic model that does not take into account variation in the completion time, so only one number is used for an activity's time estimate.
Question 22
Multiple Choice
The CPM network consists of arcs and nodes. The ______ represent the actual activities while the ______ (events) represent when the activity starts and finishes.
Question 23
Multiple Choice
The CPM establishes:
Question 24
Multiple Choice
The ___________ is an agreement between the project owner (the Federal Highway Administration and a specific state department of transportation) and the contractor.
Question 25
Multiple Choice
If the ______ is adequate, the right contractor is selected, and the ultimate price is reasonable, then a good management effort will secure the project. A poor management effort will undo all three pre-execution achievements.