Estimating combines and - Study guides, Class notes & Summaries

1. One common way to compute estimate at completion (EAC) is to take the budget at completion (BAC) and: A. Divide by SPI B. Multiply by SPI C. Multiply by CPI D. Divide by CPI Answer D This question is asking for the formula for EAC, which is BAC/CPI. Notice how you will have to remember the formula to get the answer correct. 2. Estimate at completion (EAC) is a periodic evaluation of: A. The cost of work completed B. The value of work performed C. The anticipated total c...

Pennsylvania Real Estate Questions and Answers 2023 multiperil policies Insurance policies that offer protection from a range of potential perils, such as those of a fire, hazard, public liability, and casualty risk management Evaluation and selection of appropriate courses of action to minimize legal liability; also the selection of appropriate insurance coverage tenant improvements Alterations to the interior of a building to meet the functional demands of the tenant. ...

PMP Exam Prep Vocabulary Questions & Answers 2023/2024 critical chain method - ANSWER-a schedule network analysis technique that allows the project team to place buffers on any project schedule path to account for limited resources and project uncertainties resource leveling - ANSWER-a resource optimization technique expectancy theory (also called Vroom's expectancy theory) - ANSWER-theory that says employees' efforts will lead to effective performance and the employees will be reward...

Which of the following is not a stage in an issue resolution process? a. Share the issue with stakeholders. b. Track the issue to closure. c. Escalate to the sponsor. d. Apply change control. A Which of the following are challenges for a project manager developing and leading a project team? 1) Issues and incompatibility amongst team members 2) Getting the right skills and attributes amongst team members 3) Co-location of team members in the same geographic area 4) Lack of account...

1. One common way to compute estimate at completion (EAC) is to take the budget at completion (BAC) and: A. Divide by SPI B. Multiply by SPI C. Multiply by CPI D. Divide by CPI Answer D This question is asking for the formula for EAC, which is BAC/CPI. Notice how you will have to remember the formula to get the answer correct. 2. Estimate at completion (EAC) is a periodic evaluation of: A. The cost of work completed B. The value of work performed C. The anticipated total c...

CAPM Exam 196 Questions with Verified Answers Cost Variance formula - CORRECT ANSWER Earned Value (EV) - Actual Cost (AC) What are the 6 constraints? - CORRECT ANSWER Scope, Risk, Resources, Quality, Schedule, Budget Initiating (Process Group) - CORRECT ANSWER Processes performed to define a new PROJECT or a new PHASE of an existing project Planning (Process Group) - CORRECT ANSWER Processes performed to establish total scope of effort, define and refine objectives, and develop a cou...

Defense Acquisition University: ACQ- ACQ 1010 All modules Exams 1-10 Answered and graded 100% score; Latest Fall 2022. Test – ACQ 1010 Module 1 Exam: Systems Acquisition Management Overview 1. Select the Department of Defense’s (DoD’s) decision-support system described as: “this is the process by which the Department of Defense (DoD) identifies, assesses and prioritizes the capabilities the military requires to fulfill its mission and is often referred to as the requirements generat...

How many Guiding Principles are there in the Contract Management Standard (CMS)? - ANS Seven What life-cycle phase of contract management do the Guiding Principles apply to? - ANS All of them Which Guiding Principle stands for the importance of having a working knowledge of applicable laws, codes, and regulations? - ANS 1.4 Regulatory Compliance Which Guiding Principle stands for the ability to apply knowledge through lessons learned to the management of current ...

DBIA: Principles of Design-Build and Post Award & Contracts, Project Delivery With Complete Solution Clinger Cohen Act/Defense Procurement Reform Act 1996 Allows all federal agencies to utilize Design-Build. Prior to that no enabling legislation existed allowing Design-Build. What Year? Standard of Care The level of quality that any average Design Professional would be able to perform given the circumstances. Design Build Fastest Project Delivery method, fast tracking possible overlappin...

ISYE 6414 Final Exam Questions and Answers Already Graded A 1. If there are variables that need to be used to control the bias selection in the model, they should forced to be in the model and not being part of the variable selection process. True 2. Penalization in linear regression models means penalizing for complex models, that is, models with a large number of predictors. True 3. Elastic net regression uses both penalties of the ridge and lasso regression and hence combines the benefits ...