Project Management for Construction Projects
ETHZ / HS2022 / Bauingenieurwissenschaften Master / Project Management for Construction ProjectsWith this and the kahoot multiple choice questions you're good to go! 5.0 guaranteed!
ETHZ / HS2022 / Bauingenieurwissenschaften Master / Project Management for Construction ProjectsWith this and the kahoot multiple choice questions you're good to go! 5.0 guaranteed!
Set of flashcards Details
Flashcards | 94 |
---|---|
Language | English |
Category | Micro-Economics |
Level | University |
Created / Updated | 24.11.2022 / 28.12.2022 |
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Near miss
Potential for loss but none occurred
Safety monitoring with AI - Value
Reduce on-site security
Replace checklists
reduce workplace injuries
provide a safe environment
access control of restricted areas
Critical Path
The of longest sequence activities that must be finished on time in order for the project to be complete.
SPI
Schedule Perfoming Index
Measure of schedule efficiency on a project.
SPI = BCWP / BCWS = EV / PV
SPI > 1 --> good (ahead of schedule)
SPI < 1 --> bad (behind schedule)
CPI
Cost Performance Index
CPI = BCWP / ACWP = EA / AC
A metric from the EVA method.
CPI
Cost performance index
Measure of cost efficiency on a project.
CPI = BCWP / ACWP = EV / AC
CPI > 1 --> good (below budget)
CPI < 1 --> bad (over budget)
BCWS
budgeted cost of work scheduled
a.k.a. planned value (PV)
BCWS = total cost * %planned work
ACWP
actual cost of work performed
a.k.a. actual cost (AC)
ACWP = what is paid for an activity
BCWP
budgeted cost of work performed
a.k.a. earned value (EV)
BCWP = total cost * %work done