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NEW QUESTION 44
A work breakdown structure (WBS) is developed because:

A. It can be illustrated by a simple bar, with important milestones represented by symbols at the planned time of occurrenceB. It avoids omissions of key product activities through a systematic planning process; removes the complexity of the project by dividing it into manageable units; and provides a framework.C. It defines specific tasks within a project from which schedules can be developed; it aids in linking activities with resources; it facilitates communication; and it allows integration of project plansD. It can be illustrated by individual bars for major phases, such as permitting, funding, engineering, procurement construction, commission/startup

Answer: C

 

NEW QUESTION 45
Productivity increases with time. This improvement is commonly associated with improvements in efficiency brought about by increased experience and skill levels. What does this scenario describe?

A. Value engineeringB. The learning curveC. Cash flowD. Productivity efficiency factor

Answer: B

 

NEW QUESTION 46
Which of the following best describes the concept of total cost management:

A. An integrating process that maps the fields of practice of cost engineering without linking it to project management, resource management, or accountingB. A method of quantifying construction damages where the total job costs are subtracted from the original bid or estimate to determine the total cost amount for a claimC. A job cost system for ensuring all aspects of a particular manufacturing process are accumulated completelyD. The practices and processes utilized to manage the total life cycle cost investment in a portfolio of strategic assets

Answer: A

 

NEW QUESTION 47
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the 25 year after tax present worth of this project?

A. $(22,533)B. $22,533C. $13,738D. $137,466

Answer: B

 

NEW QUESTION 48
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