The Buffers Supplied to Non-Critical Paths in Critical Chain Project

question 98

Multiple Choice

The buffers supplied to non-critical paths in critical chain project management are called:

• A)slack buffers.
• B)drum buffers.
• C)rope buffers.
• D)feeder buffers.

Understand the key elements and effectiveness of assumptive closes.

Differentiate between alternative-choice and minor-points closes.

Recognize appropriate situations for implementing the direct close method.

Describe the characteristics and appropriate use of the question close.

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Definitions:

Sunk Costs

are past expenses that have already been incurred and cannot be recovered or changed, and thus should not affect future business decisions.

Avoidable Costs

Expenses that can be eliminated if a particular decision is made, not incurred in the absence of the decision.

Fixed Costs

Fixed costs are those expenses that do not change in total despite changes in the volume of goods or services produced or sold.

Incremental Costs

Additional costs incurred when a company increases its level of activity or production.