What is created when project costs are placed in a time schedule depicting when they are to occur?

What is created when project costs are placed in a time schedule depicting when they are to occur multiple choice question?

what is created when project costs are placed in a time schedule depicting when they are to occur? … Possible startup and shutdown costs.

What happens to a time constrained schedule if executed with insufficient resources?

What happens to a time constrained schedule if executed with insufficient resources? The resource constrained schedule will be forced onto the plan.

What is smoothing in project management?

In project management, resource smoothing is defined by A Guide to the Project Management Body of Knowledge (PMBOK Guide) as a “resource optimization technique in which free and total float are used without affecting the critical path” of a project.

What is often the cause of project delay in multi project organizations even if a project is padded?

What is often the cause of project delay in multi project organizations, even if a project is padded? A study quoted by the text states that project network durations increase by approximately 40% when resources are applied. … assigning resources may cause tasks to be delayed waiting on resource availability.

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Why is a project schedule important in construction?

Every project has a construction schedule. Not only does the schedule outline how quickly the work will get done, it also outlines how the work will get done. The schedule defines the sequence and method in which the materials will be put in place. … and communicated to the project team, the better.

How does time constraints affect project costs?

The Time constraint talks about how to manage a project in a way that it meets the set deadlines and allocates all the resources effectively. The Cost constraint refers to handling the project to stay within a given budget. This includes not only the materials but labor, vendors, and all other costs of a project.

What time constraints can affect a project schedule?

Companies that make project management software identify three types of time constraints: Start No Earlier Than, Finish No Later Than and As Soon as Possible.

Why is resource leveling done after schedule is created?

The purpose of resource leveling is to get the most out of available resources while working within the project’s time, cost, and scope constraints.

Does resource smoothing keep a project on schedule?

Resource leveling will generally aim to distribute work between resources fairly, which not only contributes to a healthy work environment, but also makes the project schedule realistic and achievable. Putting your current bandwidth front and center, resource leveling can either compress the schedule or loosen it.

What is schedule fast tracking?

Fast-tracking in project management is a technique where activities are performed in parallel, instead of being carried out sequentially using the original schedule. … When you fast-track project schedules, a planned activity partially or completely overlaps with another.

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What are the steps involved in resource smoothing?

Steps involved in resource levelling:

Lower the peak requirement of resource by staggering the resource-input on non-critical activities. … Either increase the duration of critical activities or place some of the concurrent activities in series to reduce peak demand of scarce resources.