Cyber AB CCP Dumps in PDF and Online - Page: 2

____________is defined as the earned work hours or dollars for all accounts divided by the budgeted work hours or dollars for all accounts.

Answer(s): A

_____________is defined as the budget for the cost (work) account times the percent complete for that account.

Answer(s): D

____________ is defined as covering work whose component activities are less defined and whose interrelationships are conditional.

Answer(s): A

A work breakdown structure (WBS) is developed because:

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.
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 plans
It can be illustrated by individual bars for major phases, such as permitting, funding, engineering, procurement construction, commission/startup
It can be illustrated by a simple bar, with important milestones represented by symbols at the planned time of occurrence

Answer(s): B

If a project is said to be on a "fast track program/' the fast track method is:

Simultaneous working engineering, procurement, and construction, with appropriate overlap from each phase of work so that delays are eliminated and all the work is streamlined into a correct plan of logic/sequence and duration for all of the work
First completing engineering and procurement, then executing construction
Analyzing the project and specifying the basic approach to be used in its execution; segmenting the project into reasonable number of activities; estimating the time required to perform each activity; placing the activities in time order, considering both sequential and parallel performance
Revising the schedule logic to make it possible to identify constraints of faulty logic; revising the durations in the n p schedule that have been based on assumptions regarding the \hay the work would be performed; revise the resources to work multiple shifts; evaluate the use of overtime

Answer(s): A

Cyber AB Certified Cost Professional (CCP) CCP Dumps in PDF