Consider the Gantt Chart Shown Below Where the Time Scale

question 37

Multiple Choice

Consider the Gantt chart shown below where the time scale is in minutes and all activities are performed on an early start basis. How much slack is available in The Great Hair Washing project?

• A) 10 minutes
• B) 15 minutes
• C) 0 minutes
• D) 5 minutes

Learn how to evaluate project financial performance using cost variance (CV) and cost performance index (CPI).

Understand the process and criteria for vendor selection in project management.

Gain knowledge about different types of cost estimates and how they are calculated.

Comprehend the significance of budgeted cost of work scheduled (BCWS) and its application in project tracking.

---

Definitions:

Current-Year Prices

Prices of goods and services measured during the same year of analysis, not adjusted for inflation.

Base-Year Quantities

Quantities of goods and services in a specific base year used for comparison or calculation purposes in economic analysis.

Laspeyres Index

A measure of the change in the cost of purchasing a specified set of goods and services over time, using the quantities bought in a base period as weights.

Bankruptcy Law

Legal statutes and regulations that govern the process by which individuals or enterprises can declare their inability to pay their debts and seek relief.