Critical path method cpm - Study guides, Class notes & Summaries

Which of the following estimating methods is typically used by the architect rather than the contractor? - Conceptual estimate An agreement that calls for a contractor to be paid actual costs for labor and materials plus a fixed fee for the contractor's overhead and profit is called a... - cost plus contract Equipment needs for a project are BEST estimated by... - Calculating the number of hours or days it is needed What type of insurance is needed for a partnership to insure that the busi...

CMIT Exam (200 multiple choice) Questions with Verified Answers A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - CORRECT ANSWER True There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? A) Both forms provide advice to the owner on constructibility, budget and the schedule. ...

Saylor Academy BUS 402 Project Management Exam Questios with 100% correct Answers project <unit 1> - answerIs temporary, meaning it is not part of the organization's everyday business processes. An activity that has a clear ending and produces something that does not already exist. Project Management <unit 1> - answerBreaking a project down into manageable smaller units or tasks and completing temporary activities on time and within the budget that the client or stakeholder ...

WGU C722 FINAL EXAM!! Q&A – PROJECT MANAGEMENT (Guaranteed Score A+) Three essential drivers that must be achieved to generate positive characteristics in project teams *** Cohesiveness, Trust, Motivation The five stages Dr. Bruce Tuckman (1965) introduced of group development *** Forming, Storming, Norming, Performing, Adjorning Forming *** In this stage, team members may be meeting for the first time. Often, no one really knows much about anyone else on the team. It may be prematur...

WGU C722 Test Bank Project Management, Top Exam Questions and answers, Approved. A Guide to Project Management Body of Knowledge (PMBOK Guide) The project management standard developed by the Project Management Institute. Benefit measurement methods A type of decision model that compares the benefits obtained from a variety of new project requests by evaluating them using the same criteria and comparing the results. Co-located When team members work together at the same physical locati...

NASCLA Contractors Guide 3 Questions and Answers 100% AccurateNASCLA Contractors Guide 3 Questions and Answers 100% AccurateNASCLA Contractors Guide 3 Questions and Answers 100% AccurateNASCLA Contractors Guide 3 Questions and Answers 100% Accurate The type of project scheduling that shows activity duration and sequence of task to be completed? - ANSWER-Bar Chart Scheduling Project daily reports should record what on a daily basis that impacts construction progress? - ANSWER-Weather informat...

Final Exam: MGT420/ MGT 420 (Latest 2023/2024 Update) Organizational Behavior and Management Exam | 100% Correct | Questions and Verified Answers | Graded A- GCU Q: When one team member advises another team member that "your behavior is crossing the line in terms of our expectations for workplace civility," she is exercising a form of ________ control over the other person's inappropriate behaviors. Answer: clan Q: In CPM/PERT, "CPM" stands for ____________. Answer:...

Network Techniques correct answers --PERT (Program Evaluation and Review Technique) Mostly used for R&D projects/more D --CPM (Critical Path Method)/ mostly for construction projects Originally, PERT was strictly oriented to the time element of projects and used probabilistic activity time estimates to aid in determining the probability that a project could be completed by some given date. CPM, on the other hand, used deterministic activity time estimates and was designed to control both t...

ARE 5.0 Project Management Questions and Answers | Latest Updated Graded A+ Project Management - Includes project planning, scheduling, monitoring, coordinating and directing, updating documentation, closing out the job, and following up with clients. Partnering - Various stakeholders in a project (such as the architect, owner, contractor and vendors) all participate in the decision-making process. Bar Chart - Method commonly used for scheduling design and construction projects. Tasks are...

A network diagram is nothing more than a work plan. - ANSWER True Predicting durations is an exact science. - ANSWER False Critical path method (CPM) is the most common type of schedule used in the commercial, civil, and industrial construction industry. - ANSWER True