Podcast
Questions and Answers
What is a key step identified by the National Audit Office for making project objectives clear?
What is a key step identified by the National Audit Office for making project objectives clear?
- Focusing on the short-term outcome of the project
- Developing a weak business case for investment
- Determining the worst form for the delivery of projects (correct)
- Selecting the worst projects to pursue
In addition to time, cost, and quality, what other aspects are the traditional client's needs usually based on?
In addition to time, cost, and quality, what other aspects are the traditional client's needs usually based on?
- Strategic partnership with suppliers
- Customer service of the project managers
- Productivity improvements (correct)
- Quality of materials used in construction
What should investors take into account to integrate into the overall business case for investment according to the text?
What should investors take into account to integrate into the overall business case for investment according to the text?
- Stock market trends
- Political influences on the project
- Historical performance of similar projects
- Needs of their customers (correct)
What aspect do all investment requirements need to be based on, according to the text?
What aspect do all investment requirements need to be based on, according to the text?
Which factor has become an essential need in addition to time, cost, and quality performance criteria over the years?
Which factor has become an essential need in addition to time, cost, and quality performance criteria over the years?
What is a key consideration for investors to ensure when looking at the impact of their investment on quality of life?
What is a key consideration for investors to ensure when looking at the impact of their investment on quality of life?
What is the primary focus of Time T = 1 period?
What is the primary focus of Time T = 1 period?
At the Time T = 1 period, what level of costing information is expected to be available?
At the Time T = 1 period, what level of costing information is expected to be available?
What should be the basis for estimating costs and benefits at Time T = 1 period?
What should be the basis for estimating costs and benefits at Time T = 1 period?
How should the costs and benefits be presented at Time T = 1 period?
How should the costs and benefits be presented at Time T = 1 period?
What should be the approach to quantifying benefits at Time T = 1 period?
What should be the approach to quantifying benefits at Time T = 1 period?
Based on the analysis at Time T = 1 period, what decisions can the decision maker take?
Based on the analysis at Time T = 1 period, what decisions can the decision maker take?
Which of the following is NOT a key consideration when making the decision to invest in the production stage?
Which of the following is NOT a key consideration when making the decision to invest in the production stage?
Which of the following is the primary purpose of conducting a detailed WLCC analysis at the end of the design phase?
Which of the following is the primary purpose of conducting a detailed WLCC analysis at the end of the design phase?
Which of the following is a key decision that should be made at the production stage?
Which of the following is a key decision that should be made at the production stage?
What is the primary purpose of conducting a design benefits analysis?
What is the primary purpose of conducting a design benefits analysis?
What is the main reason for conducting an updated narrative review of the previous phase before making the production decision?
What is the main reason for conducting an updated narrative review of the previous phase before making the production decision?
Which of the following is a key benefit of the detailed consideration given to the likely effect of maintenance and operational costs associated with the selected design solution?
Which of the following is a key benefit of the detailed consideration given to the likely effect of maintenance and operational costs associated with the selected design solution?
