CM 4221 PROJECT LIFECYCLE
QUESTIONS AND COMPLETE
SOLUTIONS GRADED A+
Your Exam Plug
, 1%
15%
25% - Answer: Construction R&D = __ of industry's gross revenue
Electronics R&D = __ of gross revenue
Manufacturing R&D = __ of gross revenue
1. Establish the Need
2. Engineering & Design
3. Bidding and Award
4. Construction
5. Project Close-out
6. Operation and Maintenance - Answer: 6 phases in Project Lifecycle
1. Establish the need - Answer: 1. Establish the need
1. conceptual want or need
2. develop potential / alternate solutions
3. idea for project
4. project feasibility - Answer: 4 steps in establish the need of a project lifecycle
1. why is the project needed/wanted
2. what function is needed?
3. how is project funded?
4. how to decide which option is the most optimal ? - Answer: 4 parts of a feasibility study
look at picture - Answer: process of a feasibility study
weighted sum method - Answer: Decide upon an optimal project alternative using a multi ‐ criteria
decision approach is called?
QUESTIONS AND COMPLETE
SOLUTIONS GRADED A+
Your Exam Plug
, 1%
15%
25% - Answer: Construction R&D = __ of industry's gross revenue
Electronics R&D = __ of gross revenue
Manufacturing R&D = __ of gross revenue
1. Establish the Need
2. Engineering & Design
3. Bidding and Award
4. Construction
5. Project Close-out
6. Operation and Maintenance - Answer: 6 phases in Project Lifecycle
1. Establish the need - Answer: 1. Establish the need
1. conceptual want or need
2. develop potential / alternate solutions
3. idea for project
4. project feasibility - Answer: 4 steps in establish the need of a project lifecycle
1. why is the project needed/wanted
2. what function is needed?
3. how is project funded?
4. how to decide which option is the most optimal ? - Answer: 4 parts of a feasibility study
look at picture - Answer: process of a feasibility study
weighted sum method - Answer: Decide upon an optimal project alternative using a multi ‐ criteria
decision approach is called?