MCQ IN COMPUTER SCIENCE & ENGINEERING

Detailed explanation-1: -Planning engineers decide and develop the most appropriate economic models and engineering methods for projects. They work in a variety of fields such as civil engineering or construction. Planning engineers are normally onsite during an engineering project to supervise all stages of work and provide solutions.

Detailed explanation-2: -This economic model is described as the Present value of total benefits (revenue or income) minus the costs over many time periods. Net present value economic model is abbreviated as NPV. If the Net present value of a project is greater than zero, this means the project will make a profit.

Detailed explanation-3: -Realism: The project selection model should consider all the risk factors such as the cost and time that influence the decisions of a project manager. The model should also explain the objectives of the project manager and the firm.

Detailed explanation-4: -Critical path method The critical path method (also known as critical path analysis) is a way of identifying and scheduling all of the critical tasks that comprise your project, as well as their dependencies. That means that you need to: Identify all of the essential tasks you need to do to achieve your project goal.

Detailed explanation-5: -There are two basic types of project selection models, numeric and nonnumeric. Both are widely used. Many organizations use both at the same time, or they use models that are combinations of the two. Nonnumeric models, as the name implies, do not use numbers as inputs.