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A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data. The project scheduler left the company and has left unfinished work. You have been hired as the new project scheduler and must update the existing schedule. What will be your first task?
Correct Answer: C
When taking over an unfinished schedule, the first task should be to update the remaining duration for each activity. This step is crucial because it provides a current and accurate view of how much work is still needed to complete the project. Once the remaining durations are updated, other calculations, such as recalculating the critical path or early start/finish, will be more accurate. Therefore, the correct answer is C. Update the remaining duration for each activity.