SECTION B [20 MARKS] TRUE OR FALSE QUESTIONS Each question carries 1 (ONE) mark 1. A lack of readily available engineers is a technical constraint. 2. Scheduling time- constrained projects focuses on resource utilization. 3. Managers have several effective methods for crashing specific project activities when resources are not constrained. 4. The total cost for each possible duration of a project is the sum of labor, materials, and equipment. 5. The sum of the costs of all the work packages represents the total direct costs for the project. 6. The cost slope of an activity is calculated by dividing the run by the rise. 7. The performing stage of team development is characterized by the development of close relationships and group cohesiveness. 8. Milestones are significant project events that mark major accomplishments. 9. Earned value is calculated by taking the percent complete times the original budget. 10. A CPI index of 0.97 indicates that the project has spent less money than budgeted. 11. Statements of project scope are sometimes referred to as Statements of Work or Proiect Chartere

SECTION B [20 MARKS] TRUE OR FALSE QUESTIONS Each question carries 1 (ONE) mark 1. A lack of readily available engineers is a technical constraint. 2. Scheduling time- constrained projects focuses on resource utilization. 3. Managers have several effective methods for crashing specific project activities when resources are not constrained. 4. The total cost for each possible duration of a project is the sum of labor, materials, and equipment. 5. The sum of the costs of all the work packages represents the total direct costs for the project. 6. The cost slope of an activity is calculated by dividing the run by the rise. 7. The performing stage of team development is characterized by the development of close relationships and group cohesiveness. 8. Milestones are significant project events that mark major accomplishments. 9. Earned value is calculated by taking the percent complete times the original budget. 10. A CPI index of 0.97 indicates that the project has spent less money than budgeted. 11. Statements of project scope are sometimes referred to as Statements of Work or Proiect Chartere

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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8. Which of the following is NOT likely to occur after crashing a project activity? A. More risk associated with the project B. Less risk associated with the project
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You are the project manager of the BTU AVIC project in Bolgatanga. As a result of the ongoing pandemic, you are responsible to ensure the project does not overly delay among other objectives. Required:a. Discuss five strategies for reducing the critical path of the BTU AVIC project.b. Explain five ways you can resolve the problem of resource allocation on the project. c. Using the Four-Stage Process of risk management discuss how risks could be managed on the ongoing BTU AVIC project. Identify three potential categories of team conflicts and how you will resolve such conflicts
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Paragraph Styles Editing If the annual demand is reduced to 9,000 units, the set-up costs increased to $110, inventory carrying cost increased to $0.60 per unit per year and the demand during the production period is maintained at 60 units per day and 80 units can be manufactured daily, calculate: A) ) The optimum production quantity (Q*) per production run (or per production lot). B) The length of each production run. C) The number of production runs per year. ictions: On acer % &
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