CEE 498 MIDTERM 1 QUESTIONS WITH 100% CORRECT ANSWERS

Tax levy is calculated by..


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Prev. years levy + new construction valuation




Types of depencies

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-Physical: One activity cannot start until on or the other is
partially/completely done "Hard logic"
-Safety: Simultaneous cause a safety hazard
-Resource: Two activities use the same resource
-Preferential: How a scheduler prefers work to be sequenced




Project Types:
Functional


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Divided by function entities with project carried out by functional/high
level managers
(Managed by functional managers)




Approx. ___% of work has no value added


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60




Project Types:
Project Matrix


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Managers oversee project and is responsible for completion of project and
is responsible for project completion.

, (Managed by project team managers)




Integration Clause


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Previous oral and written statements that are not referenced in the final
contract are not binding.




Sources of risk


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- Poor labor productivity
- Different site conditions
- Weather
- Design




NPV


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= F0 + F1/(1+r) + F2/(1+r)^2 = 0 (Example if t = 2)




Project Types:
Project Team