Test Chapter 1_Management Flashcards
Management by exception (MBE) is:
A form of variance reporting
In managerial terms, gap analysis is useful primarily in:
Problem solving
ABC analysis involves:
Inventory control
The Federal Discrimination in Employment Act as amended in 1978 prohibits job discrimination based on age for persons between the ages of
40 and 70
Inspectors should be familiar with the contractor’s CPM charts for a construction job primarily to determine if
The job is on schedule
The value engineering approach is frequently found in public works contracts. Value engineering is:
A team approach to optimize the cost of the project
Historically, most costly claims have been either for
Delays or alleged changed conditions
A claim is:
A dispute that cannot be resolved.
Disputes arising between a contractor and the owning agency are
Inevitable
The mean of the numbers is
The mean is the average of the numbers. Add up all the numbers, then divide by how many numbers there are.
The median is
the middle value in a list of numbers.
The mode is the
Number that is repeated more often than any other.
In statistical measurements, a subgroup that is representative of the entire group is
A sample
Productivity is the ratio of
Outputs/inputs
Downtime is the time a piece of equipment is
Unavailable for use
Index numbers
A way of measuring and comparing changes over a period of time
The underlying idea behind Management by Objectives is to provide a mechanism for managers to
coordinate personal and departmental plans with organizational goals
The ultimate objective of the project manager in planning and scheduling a project is to
meet the completion dates of the project
Scheduling with respect to the critical path method usually does not involve
Cost allocation.
When CPM is used on a construction project, updates are most commonly made
Monthly.
A method used to estimate the minimum project duration and determine the amount of scheduling flexibility on the logical network paths within the schedule model.
Critical path method
Total float
The schedule flexibility is measured by the amount of time that a schedule activity can be delayed or extended from its early start date without delaying the project finish date or violating a schedule constraint.
The primary objective of critical path method is to
Spot potential bottlenecks
Gantt refers to
bar charts