Objectives Flashcards
1
Q
The 3 objective types are
A
Time
Cost
Quality
2
Q
TCQ are (5)
A
Inter-relatable Conflict Perceived differently by different people Produce decisions Change as project progresses
3
Q
For a successful project u must (3)
A
Establish relative importance of needs
Ensure widespread unity of view
Ensure the view is maintained throughout
4
Q
Secondary objectives unclude(9)
A
Use local contractors Local labour Train clients staff Strong client involvement Minimal client involvement Safety Environmental protection Technology transfer Provision/retention of construction equipment
5
Q
To ensure success with secondary objectives (4)
A
Establish relative importance
Minimise number
Properly allowed for when setting primary objectives
Planned for when setting management strategy
6
Q
Sensitivity analysis is
A
A quantitative technique based on cash flow analysis used in project appraisal
7
Q
Standard sensitivity analysis tests include
A
Increase in capital
Delay in commissioning
Decrease in revenue/ increase in operating cost
