1.Planned Value (PV) is the planned time-phased baseline of the value of the wor

Question

1.Planned Value (PV) is the planned time-phased baseline of the value of the work scheduled. It is the budgeted cost of the work scheduled.

Select one:

True

False

2.Direct costs come down at an increasing rate as the project duration is reduced from its original planned duration.

Select one:

True

False

3.To accelerate project completion when the resources are constrained, one of the most common methods for restructuring activities is to change a finish-to-start relationship to a start-to-start relationship.

Select one:

True

False

4.The baseline (PV) is the sum of the direct and indirect costs.

Select one:

True

False

5.Schedule variance (SV) measures progress in money units rather than time units. However, SV is very useful in assessing the direction all the work in the project is taking - after 20 or more percent of the project has been completed.

Select one:

True

False

Explanation / Answer

1.true

Because planned value is valid throught the time period of work scheduled

2.false

Direct cost will be increased as the phase of duriation of project gets decrases

Decrease in decrease of duriation of project will get hike in direct cost

3.true

Given statement is correct it is better to adopt finish to start relationship to start to start relationship when the resources are constrained

4.true

In construction management base line refers to accepted and approved project plan

Base line is the sum of direct and indirect costs

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