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If a project is said to be on a "fast track program/' the fast track method is:
The fast track method in project management is a technique that involves overlapping the phases of engineering, procurement, and construction. Instead of completing these phases sequentially (which is typical in traditional project management), fast tracking allows for simultaneous work on these phases with appropriate overlap. The goal is to reduce the overall project duration by eliminating delays and streamlining the work into a logical and efficient sequence. This method is often used in projects where time is a critical factor.
Option B describes a traditional sequential approach, not fast tracking.
Option C outlines the process of project scheduling and planning, which involves sequencing activities but does not address the simultaneous execution of phases.
Option D focuses on schedule revision and constraint identification, not the simultaneous execution characteristic of fast tracking.
Thus, A. Simultaneous working engineering, procurement, and construction is the correct answer.
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Which statement best describes the type of information available for a design phase estimate?
During the design phase of a project, the type of information typically available includes square footage of buildings, factored indirects, types of rides and exhibits identified, utility requirements, and conceptual layouts. At this stage, detailed construction drawings and specific vendor quotes may not yet be available, but the design will have advanced enough to provide a conceptual framework, which includes the size of the project, types of attractions, and basic infrastructure requirements. This information allows for a preliminary estimate that can be refined as the design progresses.
Listening to what is being said by all members of a group or audience and then summarizing or interpreting is called______________.
Facilitative listening is a form of listening where the listener not only pays attention to what each member of a group or audience is saying but also summarizes or interprets the information to facilitate understanding among the group. This type of listening is crucial in group settings, such as meetings or discussions, where it helps to ensure that all perspectives are considered and that the conversation remains productive and focused.
A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.
Taxes due at the end of year five (5) would be:
To determine the taxes due at the end of year five, we calculate the income before taxes, subtract the depreciation, and then apply the tax rate of 28%.
Year 5 Income:
Year 1 Income = $100,000
Each subsequent year increases by 5%, so Year 5 Income = $100,000 (1.05)^4 = $121,550.63
Year 5 Operating Costs:
Year 1 Operating Costs = $65,000
Each subsequent year increases by 5%, so Year 5 Operating Costs = $65,000 (1.05)^4 = $78,943.41
Depreciation (Straight-Line):
Depreciation = $125,000 5 = $25,000 per year
Income Before Taxes (Year 5):
IncomeBeforeTaxes=121,550.6378,943.4125,000=17,607.22\text{Income Before Taxes} = 121,550.63 - 78,943.41 - 25,000 = 17,607.22IncomeBeforeTaxes=121,550.6378,943.4125,000=17,607.22
Taxes Due:
TaxesDue=17,607.220.28=4,930.02\text{Taxes Due} = 17,607.22 \times 0.28 = 4,930.02TaxesDue=17,607.220.28=
The following question requires your selection of Scenario 1.4.150 from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Annual depreciation (in USS) would be calculated as follows for a capital recovery with salvage analysis:
The correct calculation of annual depreciation in a capital recovery with salvage analysis requires the use of a specific depreciation method, which factors in the initial cost, salvage value, and useful life of the asset. In this scenario, the correct annual depreciation is $5,343 per year. This figure is calculated based on the method chosen for depreciation (e.g., straight-line, declining balance, etc.) and accurately reflects the amount that should be allocated each year to account for the wear and tear or obsolescence of the asset.
