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Construction Planning and Management

Construction Planning and Management
For completion of a project, the critical path of the network represents

Minimum time
Maximum time
Maximum cost
Minimum cost

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Construction Planning and Management
If to, tp and tm are the optimistic, pessimistic and most likely time estimates of an activity respectively, the expected time t of the activity will be

to + 4tm+ tp/6
to + 4tm+ tp/4
to + 4tm+ tp/5
to + 3tm+ tp/3

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Construction Planning and Management
For a given activity, the optimistic time, pessimistic time and the most probable estimates are 5, 17 and 8 days respectively, The expected time is

9 days
10 days
8 days
15 days

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Construction Planning and Management
The original cost of an equipment is Rs.10,000. Its salvage value at the end of its total useful life of five years is Rs. 1,000. Its book value at the end of two years of its useful life (as per straight line method of evaluation of depreciation) will be

Rs. 6,400
Rs. 7,600
Rs. 8,800
Rs. 5,000

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Construction Planning and Management
The probability of completion of any activity within its expected time is

0.999
0.841
0.5
1

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Construction Planning and Management
The time with which direct cost does not reduce with the increase in time is known as

Crash time
Standard time
Normal time
Optimistic time

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