Question: Why might a contractor prefer to state a project completion time in terms of number of days after the project starts rather than a specific

Why might a contractor prefer to state a project completion time in terms of number of days after the project starts rather than a specific date? Give some examples of instances when this would be appropriate.

Step by Step Solution

★★★★★

3.35 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Solution It is often impossible to state a specific finish date for a project so the safest way to ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Project Management Questions!

Why might a contractor company perform a SWOT analysis prior to bidding on a potential project?

1. Calculate where, in terms of number of people who register, the first Calgary run of the Creative Goal Setting for Accountants seminar will break even. If necessary, round up answers to the next...

Prove that the average transmission time in terms of block duration, TSR, for Selective-Repeat ARQ is given by: Where PACK is the probability to return an ACK in the transceiver side. Also, solve the...

Project Management Assignment 2 _ 2 : Project Scheduling Questions Why does the scheduling function depend on the planning function? Which one must be done first? Why? Describe what an activity...

1 . Why does the scheduling function depend on the planning function? Which one must be done first? Why? 2 . Describe what an activity estimated duration is . How is it determined? 3 . Why might a...

*Project MGT fig 5.4 fig 5.7 the figures 5.4 &5.7 are used to answer 11 and 13. the other questions from Knowledge about project management 3. Why might a contractor prefer to state a project...

S 1. Why does the scheduling function depend on the planning function? Which one must be done first? Why? 2. Describe what an activity estimated duration is. How is it determined? 3. Why might a...

Chapter 5 Time estimation 1. Why does the scheduling function depend on the planning function? Which one must be done first? Why? 2. Why might a contractor prefer to state a project completion time...

Why might a contractor prefer to state a project completion time in terms of number of days after the project starts rather than a specific date? Give some examples of instances when this would be...

is the meaning of What is the purpose of socialization? Name three of the most agents of 7. What socialization? important socialization. 3 par.

You have just graduated from your university's MBA program and have got a job as a fund manager run by a prestigious banking investment company (choose a company). He has been awarded a $300 million...

Banks use a Personal Identification Number (PIN) to uniquely identify each customer. Let us assume that our bank has a specified range of acceptable values for each digit in its customers 5-digit...

Read the sections on expectancy, equity and goal- setting theories of motivation: 1 Which theory, or combination of theories, is most helpful in explaining your reaction to the rewards your...

List and describe the main phases of the project life cycle.

List and describe the steps required to develop a baseline plan.

Why must a manager monitor the progress of a project? What can be done if a project is not proceeding according to plan?

6 # 4 6 # 9 eBUDE Assume that the real risk-free rate is 2% and that the maturity risk premium is zero. If a 1-year Treasury bond yield is 6% and a 2-year Treasury bond yields 7%, what is the 1-year...

Beryl's Iced Tea currently rents a bottling machine for $52,000 per year, including all maintenance expenses. It is considering purchasing a machine instead, and is comparing two options: a. Purchase...

7 You are composing a two-stock portfolio consisting of 40 percent Stock P and 60 percent Stock Q. Given the following information, find the standard deviation of this portfolio. *** Company Beta...