Measuring Progress Toward Completion of Long-Term Construction Projects Can Be

question 29

Essay

Measuring progress toward completion of long-term construction projects can be accomplished in a number of ways.Nonetheless,all of these measurements can be classified into two basic groups: input measures and output measures.Input measures attempt to measure the effort devoted to a project to date compared to the total effort expected to be required in order to complete the project.A common input measure is the ratio of costs incurred to date to total estimated costs for the project.Output measures attempt to measure the results to date compared to total results when the project is completed.A common output measure would be the number of stories of a building completed compared to the total number of stories to be built.
Identify the general problems associated with input and output measures in determining the level of completion of a long-term construction project.

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Definitions:

Misrepresentation

A false statement or deception made by one party to another, often related to the terms or conditions of a contract.

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Traits or patterns of action or reaction that are characteristic of an individual or group in certain situations.

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The set of requirements and attributes, such as education, skills, and experience, necessary for an individual to perform a specific job effectively.