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Why is an Estimate at Completion so useful to Program Managers in assessing the contract completion costs?
Wiki User
∙ 7y ago
Distributing funds to complete contract
Wiki User
∙ 7y ago
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What types of risks are inherent in a project?
Some risks that are inherent in projects include: delayed completion, over priced projects and the possibility of employees failing to work as a team. Project managers must consider all these risks and develop plans to overcome them.
What stakeholder group is being protected when managers follow proper procedures and strive to be accurate and candid in assessing future growth?
Investor
How do managers ensure the business runs smoothly?
Being managers is a prized pursuit
What is the swift code for Bank of America in Florida?
What is Bank of America's SWIFT Code number and what is it used for?Bank of America's SWIFT Code number is BOFAUS3N for US Dollars and BOFAUS6S for foreign currency. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is an industry-owned co-operative supplying secure, standardized messaging services and interface software to nearly 8,100 financial institutions in 207 countries and territories. SWIFT members include banks, broker-dealers and investment managers. While not always required, a SWIFT Code number may be required by some banks for the completion of wire transfers.
How is global competition a challenge to managers?
Managers need to have knowledge on several business which comes on discussion by managers or sub-ordinates very fast compare to individual disussion.
When do incident managers plan for the demobilization?
Incident managers begin planning for the demobilization when the project is about to be completed. This will be influenced by assessments that indicate that the project is on course towards completion.
When do incident managers begin planning for the demobilization?
Incident managers begin planning for the demobilization when the project is about to be completed. This will be influenced by assessments that indicate that the project is on course towards completion.
Why must a company estimate the amount of factory overhead assigned to individual jobs or job lots?
They must predict overhead in advance and assign it to jobs so that a job's total costs can be estimated prior to its completion. This estimated cost is useful for managers in many decisions including setting prices and identifying costs that are out of control.
How is 3 D modeling used in heavy construction?
allowed construction managers and job site engineers to construct projects on their computers, piece by piece, before implementing the construction on the ground, thereby reducing completion time and costs
What types of risks are inherent in a project?
Some risks that are inherent in projects include: delayed completion, over priced projects and the possibility of employees failing to work as a team. Project managers must consider all these risks and develop plans to overcome them.
What are key principles of the Perform Integrated Change Control process?
-Project managers need a method for identifying changes -Project managers should implement only approved changes -Project managers' main activity in change control is reviewing, assessing, and deciding on change requests -Project managers must address changes promptly.
What are the Advantages and disadvantages of PERT and CPM?
The program evaluation and review technique (PERT) involves charts that display scheduled tasks for project completion. This type of flow chart is a common method used by project managers, and is part of the critical path analysis that focuses on essential tasks for project completion. Project managers often design PERT charts for specific parts of complex projects. Each chart begins with one node that branches out into networks of activities, emphasizing relationships among tasks. PERT has both advantages and disadvantages.Advantage: Large Project PlanningA PERT chart makes planning large projects easier, according to the University of Pittsburgh School of Information Sciences. It answers three key questions about each activity that help managers identify relationships between tasks and task dependencies. These questions involve how long it will take to complete an activity, and which other activities must occur immediately before and immediately after this activity for effective project completion. PERT is a good way of making these relationships visible in a diagram.Advantage: Visible Critical PathThe critical path includes all activities that cannot be delayed without affecting the project completion date. PERT makes the critical path visible, as explained by the University of Virginia. All tasks not on the critical path can have some slack time without affecting project completion time. When the project manager must delay one task to allocate more time to another, the critical path makes clear which tasks cannot be delayed.
Who selects Vezina Trophy nominees?
Upon completion of the regular season, the 30 general managers vote for the goalies they think should win the Vezina by ranking the top three: 5 points for first place, 3 points for second place, and 1 point for third place.
What stakeholder group is being protected when managers follow proper procedures and strive to be accurate and candid in assessing future growth?
Investor
What are key principles of the perform integrated change control?
Project managers need a method for identifying changes Project managers should implement only approved changes Project managers must address changes promptly Project managers' main activity in change control is reviewing, assessing, and approving or rejecting change requests
Match the project role and interested party to the corresponding responsibility for which they are responsible?
Project managers ensure successful completion of the project. Project team members perform the day-to-day activities of the project. Performing organizations provide the majority of project team members. Customers share insights about the intended use of the project deliverable.
How would you write an analytic paragraph comparing and assessing the governing systems of mayors and city managers?
First, you would have to look up the information about the mayors and city managers. Make a list for each one and write down each fact that you have looked up.Make the facts into complete sentences and show how the mayors and city managers are alike. Then write about how they are different.
