Midterm Exam Review On exam format and rules
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Midterm Exam Review • On exam format and rules • On theory and concept questions • On Computational problems • On chapter 8 • On chapter 9 • On chapter 13 2– 1
Exam Format and Rules • Coverage: chapters 8 -16, excluding chapter 15 • Format: multiple-choice questions – Part I: Theories and concepts – Part II: Computational problems • Exam length: 120 minutes • Rules: closed book, notes and slides; no cell phone or computer. • Allowed: a formula sheet of formulas only, a calculator, and a blank sheet. 2– 2
On theory and concept questions 1. Go through and understand the PP slides and scripts for each chapter. 2. Make sure you understand the meaning of each important acronym. 3. If time permits, read the book chapters to further the understanding. 2– 3
On computational problems 1. Prepare a formula sheet of each mathematical model or formula. 2. Understand the purpose, assumption and notation used for each formula/model and its intended application 3. Go through example(s) to verify your understanding of its application (with formula, NOT Xcel sheet). 4. Check to make sure that you understand each computational homework assignment. 2– 4
Review of Chapter 8 • On chapter 8 – Time constrained scheduling • Also called resource leveling • A fixed deadline, • Resources are infinite • Focused on minimizing he valleys and peaks of resource loads. – Resource constrained scheduling. • Apply the rules of thumb – Slack time – Duration time – Task ID • Schedule time interval by time interval • After scheduling is done, update the start and finish times, and slack on the project network 2– 5
Review of Chapter 9 • On chapter 9 – It focuses on identifying and selecting alternative resources for shortening the duration of a critical project task at a minimum increase rate of its direct cost. – The optimal project duration is the one that has the minimum total project costs (sum of the direct and indirect costs) 2– 6
Review of Chapter 13 • On chapter 13 – It covers project monitoring and control activities in the implementation stage of project life cycle. – It focuses on earned value concepts as a project monitoring and control tool. – The earned value concepts combines both cost and schedule performance on one chart. – You need to evaluate both cost and schedule variances, performance indices, and project cost projection at completion, among others. 2– 7
Formula Sheet 2– 8
