Final Exam Flashcards
Define the “Labor Productivity”?
the amount of work produced; dollar value of work produced; Units of Output/Input
An RFI is a formal request for information necessary to help clarify construction operations. True or False?
True
What are the sources for labor productivity?
Historic Data, National Standards, Field Observations
List Five Types of Entitlement?
Differing Site Conditions, Cardinal Change, Maladministration, Acceleration, Suspension
Which of the following would be described as strategy for preventing disputes from arising on a project?
Competent People, Adequate Planning, Proper Atmosphere
Which of the following is NOT the normal reason for a change in a lump-sum or fixed price contract?
?
Which of the following components of an Earned Value Analysis represents the estimated value of work actually accomplished on a project date?
BCWP (Budgeted Cost for Work Performed)
What is the difference between Budgeted cost and actual cost?
Budgeted cost embraces the plans for productivity and time and is used for organizational purposes. Actual Cost represents what money and work was actually used.
The Earned Value Method (EVM) is recognized as an effective project monitoring and control tool in the project management industry, endorsed by DOE, DOD, and NASA. Explain two benefits of EVM
Accurately Displays project status, shows early and accurate identification of trends and problems, ensures compliance with contract
As of the sixth month on a building project, cumulative planned value was $10,000. Actual cost during this period totaled $8,000. How is this project doing?
This project is doing good because according to the definition of planned value and actual costs, the project is ahead of schedule.
Are the schedule evaluations from CPM and EVM consistent? If not, what causes the differences?
Critical Path method is designed to display the total time a project takes with given circumstances what activities would be delayed if another was delayed. it also gives the total amount an activity can be delayed. The earned value method is designed to track spending with the work done. shows how much events costs with a given schedule. They both work together but are different in nature.
Either CPM or EVM, which method do you recommend as better schedule evaluation? Why?
I would recommend CPM for purely a schedule evaluation. it is designed to show the delays and errors with time. It can then be used to help build upon when and where to do certain activities. If someone were looking for cost considerations, I would recommend the EVM.
Which of the following calculations is the equation for estimate at completion (EAC) of a project under the assumption that “future cost performance will be the same as all past cost performance”?
EAC=BAC/CPI
Given the following diagrams of progress on individual work packages of a project answer the following questions (ahead/behind schedule, over/under budget)
see power point
Match the four equipment figures below with the correct description in the table
pwrpt
Calculate the number of trucks
number of trucks = truck cycle time (min) / excavator cycle time (min)