Choose the cost control methods discussed in the lecture.
5. Question 5 Choose the cost control methods discussed in the lecture. 1 / 1 point Incremental Milestones Start/Finish Backward Planning Earned Value Method Cost Ratio
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Forecasts of future deviations trigger responsive actions which are designed to minimize future problems.
4. Question 4 Forecasts of future deviations trigger responsive actions which are designed to minimize future problems. 1 / 1 point True False
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Control functions tend to look at the past and the future rather than the present.
1. Question 1 Control functions tend to look at the past and the future rather than the present. 1 / 1 point True False
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Real-time control is achieved by comparing the actual value of a performance measure to its planned value.
3. Question 3 Real-time control is achieved by comparing the actual value of a performance measure to its planned value. 1 / 1 point True False
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Effective cost control will require all of the following actions except
3. Question 3 Effective cost control will require all of the following actions except 1 / 1 point Interim valuations and certificates for payment Cash flow control and forecasts through budgetary…
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Select all of the criteria which determine if a project is delivered successfully
2. Question 2 Select all of the criteria which determine if a project is delivered successfully 1 / 1 point To the required standards On time Within budget Without…
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Which of the following is not a type of change order?
6. Question 6 Which of the following is not a type of change order? 1 / 1 point Time and Material Change Order Customer Requested Change Order Lump Sum Change…
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Change orders are changes to the construction contract that occur after award of the contract while being within the general scope of the contract.
5. Question 5 Change orders are changes to the construction contract that occur after award of the contract while being within the general scope of the contract. 1 / 1 point True…
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You use an S Curve in reporting for all of the following reasons except
4. Question 4 You use an S Curve in reporting for all of the following reasons except 1 / 1 point Cumulative project cost against time Used as a desired forecast…
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The post-contract stage is the time from the signing of the contract until the final building certificate.
1. Question 1 The post-contract stage is the time from the signing of the contract until the final building certificate. 1 / 1 point True False