Week 7

Question 1

What are the key steps in project scheduling?

Answer 1

1. Key event planning
2. Milestone planning
3. Bar chart planning
4. Network planning

Question 2

What happens at the network analysis stage?

Answer 2

The critical patch is identified

Question 3

What are the key steps in resource management?

Answer 3

1. Resources can be added to tasks
2. Basis variables for cost models
3. Resource leveling

Question 4

What two plans are needed in scheduling?

Answer 4

1. Baseline plan

2. Activity plan

Question 5

What is a sunk cost?

Answer 5

An expense that cannot be recovered

Question 6

What are the costs within a project?

Answer 6

Direct costs
Fixed costs
Variable costs
Overhead costs
General and admin costs
Tangible costs
Intangible costs
Sunk costs
Opportunity costs