AACE International Certified Cost Professional (CCP) Exam CCP Question # 31 Topic 4 Discussion
CCP Exam Topic 4 Question 31 Discussion:
Question #: 31
Topic #: 4
If a project is said to be on a "fast track program/' the fast track method is:
A.
Simultaneous working engineering, procurement, and construction, with appropriate overlap from each phase of work so that delays are eliminated and all the work is streamlined into a correct plan of logic/sequence and duration for all of the work
B.
First completing engineering and procurement, then executing construction
C.
Analyzing the project and specifying the basic approach to be used in its execution; segmenting the project into reasonable number of activities; estimating the time required to perform each activity; placing the activities in time order, considering both sequential and parallel performance
D.
Revising the schedule logic to make it possible to identify constraints of faulty logic; revising the durations in the n p schedule that have been based on assumptions regarding the \hay the work would be performed; revise the resources to work multiple shifts; evaluate the use of overtime
The fast track method in project management is a technique that involves overlapping the phases of engineering, procurement, and construction. Instead of completing these phases sequentially (which is typical in traditional project management), fast tracking allows for simultaneous work on these phases with appropriate overlap. The goal is to reduce the overall project duration by eliminating delays and streamlining the work into a logical and efficient sequence. This method is often used in projects where time is a critical factor.
Option Bdescribes a traditional sequential approach, not fast tracking.
Option Coutlines the process of project scheduling and planning, which involves sequencing activities but does not address the simultaneous execution of phases.
Option Dfocuses on schedule revision and constraint identification, not the simultaneous execution characteristic of fast tracking.
Thus,A. Simultaneous working engineering, procurement, and constructionis the correct answer.
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