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You are a project manager on a fixed-bid contract. This contract has actually been positioned as a "loss leader" within your company because it is your first contract with this customer. The hope is that you can prove yourself to the customer and win additional business at higher margins down the road. The margins for this contract are very slim. What would be the best solution to set up in P6 to give you the visibility that you need to minimize the probable financial loss?
Correct Answer: B
Explanation/Reference: Note: Percent complete You can also update activity status by entering the completed percentage against it. In the Activity Details screen, you can set the percentage complete for the activity to be one of these three types: * Duration: It simply calculates the current date versus the start date and planned duration. * Physical: It requires statusing both resource units (remaining duration or percent complete). This delivers a better representation of progress, but at the cost of requiring greater detail. * Units: It requires statusing of remaining units. The percent of delivered units compared to planned units drives progress for the activity. Incorrect answers: D: Float is the amount of time that an activity can be moved without affecting the schedule. Float is often also referred to as slack.