List the three levels of the hierarchical planning approach and describe whether planning at each
level is driven more by goals or requirements
2. Describe the steps involved in the Problem Formulation phase of the Planning Process.
3. Explain the key differences between the Design-Bid-Build and Design-Build project delivery
methods.
4. Explain the difference between Program Goals and Program Objectives
5. List the benefits and downsides of Decision-Matrices
6. List the four components of a Math Program
7. Describe the main differences between LPs and IPs, in terms of the mathematical formulation and
the solution methods to solve the two types of math programs
8. What are the three things that a project manager must ‘manage’ that are heavily impacted by the
planning/scoping of projects?
9. Describe the main differences between the CPM and PERT method
10. What information is obtained after solving the critical path problem with the CPM?
11. List the 3 rules of creating AOA networks
12. What information associated with activities is needed to solve the critical path problem?
13. What types of projects would you recommend a manager use the PERT method instead of the
CPM? What types of projects would you recommend a manager use the CPM method instead of
the PERT method?
14. What is Free Float?
15. List two main uses of Engineering Economic Analysis in engineering decision making, and
provide an example for each use
16. List two main uses of Engineering Economic Analysis methods in personal finance, and provide
an example for each use
17. Explain the MARR in two sentences
18. Why are engineering firms willing to pay interest on a loan?
19. Explain the difference between cost-effectiveness analysis and cost-benefit analysis
20. Explain salvage value
21. Why are equivalence equations/relationships useful for financial analysis and analysis of project
alternatives?
22. Describe Stocks and Bonds as financial investments
23. Given an example of two independent engineering projects. Given an example of two mutually
exclusive engineering projects.
24. Explain why the Payback Period method should not be used to compare project alternatives.
25. Explain why we cannot always use the Internal Rate of Return method to evaluate projects.
26. Why can we not directly compare the benefit cost ratio of two different project alternatives and
recommend the project alternative with a higher ratio?
27. Explain the advantages and disadvantages of scenario analysis relative to sensitivity analysis.
28. Explain the difference between descriptive and inferential statistics.
29. Give an example, not from CEE 110, of a hypothesis you might want to test using simple linear regression modeling
30. Provide an interpretation of the information contained in an R2 value.
31. Given variables y and x, explain the difference between (i) the slope parameter in a simple linear
regression model of y and x and (ii) the correlation coefficient between x and y.
32. Explain why omitted variable bias is a big concern in regression modeling.