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Q1) Which of the following methods is most likely to result in an increase in project cost?
a. Earned value methodb. Trade-off decisions involving resources, schedule, and performancec. Resource levelingd. Crashing activities to meet end dates
Q2) In which type of cost estimating is regression analysis technique used?
a. Bottom-upb. Definitivec. Parametricd. Engineering (grass roots)
How could production make up for lost output resulting from scheduled maintenance?
Correlation of the project cash flows with cash flows from currently existing projects. Cash flows are not correlated with the cash flows from existing projects.
Is the 14.5% cost of capital a real or nominal rate? Is the current NPV biased, and if so, in which direction?
Sue will see a loss of $90,000. of course, she could always decide not to build the retail store. Construct a decision tree.
The data for a Time-Cost CPM Scheduling model analysis are given below. The times are in days. What is the minimum cost to complete this project in 14 days?
The percentage of good-quality cabinets averages 83% per week, and the percentage of poor-quality cabinets that can be reworked is 60%. Determine the weekly product yield of file cabinets.
What controlling measures should be taken during the planning phase.
Provide the list of risks related to the procured or contracted work.
What is the expected time to complete a task with optimistic, most likely, and pessimistic times of 3, 4, and 7 days, respectively?
While cost and time are critical components of projects, how would you define the quality of a project?
What is an example of expected-value decision rule in a workplace?
Just as deciding how to communicate with your key stakeholders is important, listening to your key stakeholders is important for effective communication.
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