Podcast
Questions and Answers
What is the time period where a worker is most efficient at a task due to experience from repeating the task?
What is the time period where a worker is most efficient at a task due to experience from repeating the task?
- Task duration
- Cost Recording
- Measuring Performance
- Period of maximum productivity (correct)
Who is usually responsible for recording actual costs according to the text?
Who is usually responsible for recording actual costs according to the text?
- Project engineers and cost accountants (correct)
- Civil engineering contractors
- Building contractors
- Subcontractors
Which method for measuring performance involves breaking work into sequential steps, each contributing to the final product?
Which method for measuring performance involves breaking work into sequential steps, each contributing to the final product?
- Incremental milestone (steps method) (correct)
- Start/finish
- Cost ratio
- Unit completed
What does earned value analysis link budget values to progress using?
What does earned value analysis link budget values to progress using?
What is a use of actual cost data according to the text?
What is a use of actual cost data according to the text?
What is the purpose of the cost baseline (cost plan) on a construction project?
What is the purpose of the cost baseline (cost plan) on a construction project?
What are 'planned costs' based on in a construction project?
What are 'planned costs' based on in a construction project?
How is 'average daily output' defined in the context of a construction project?
How is 'average daily output' defined in the context of a construction project?
What does 'task production' relate to in the context of a construction project?
What does 'task production' relate to in the context of a construction project?
What does the term 'learning curve' refer to in the context of a construction project?
What does the term 'learning curve' refer to in the context of a construction project?
What is the formula to calculate earned value in Earned Value Management?
What is the formula to calculate earned value in Earned Value Management?
What does the Cost Variance (CV) indicate in Earned Value Management?
What does the Cost Variance (CV) indicate in Earned Value Management?
What does the Schedule Performance Index (SPI) indicate in Earned Value Management?
What does the Schedule Performance Index (SPI) indicate in Earned Value Management?
Which index predicts the cost performance needed to complete the project within the BAC?
Which index predicts the cost performance needed to complete the project within the BAC?
What is the Estimate at Completion (EAC) in Earned Value Management?
What is the Estimate at Completion (EAC) in Earned Value Management?
What problem might be indicated by intersecting lines in an S-curve in Earned Value Management?
What problem might be indicated by intersecting lines in an S-curve in Earned Value Management?
What does a Cost Performance Index (CPI) less than 1 indicate in Earned Value Management?
What does a Cost Performance Index (CPI) less than 1 indicate in Earned Value Management?
What does the Budget at Completion (BAC) represent in Earned Value Management?
What does the Budget at Completion (BAC) represent in Earned Value Management?
What does the Schedule Variance (SV) measure in Earned Value Management?
What does the Schedule Variance (SV) measure in Earned Value Management?
What might cause a Cost Variance (CV) according to Earned Value Management?
What might cause a Cost Variance (CV) according to Earned Value Management?
