Question 1

Ethical issues that may arise in projects large and small include

Accepted Answer

A)  gifts from contractors 
B)  exaggerated expense reports 
C)  compromised safety or health standards to save time or reduce costs 
D)  pressure to mask delays with false status reports 
E)  all of the above 
A)  gifts from contractors 
B)  exaggerated expense reports 
C)  compromised safety or health standards to save time or reduce costs 
D)  pressure to mask delays with false status reports 
E)  all of the above E

Question 2

Contract requirements state that a project must be completed within 180 working days, or it will incur penalties for late completion. Analysis of the activity network reveals an estimated project time of 145 working days with a project variance of 400. What is the probability that the project will be completed before the late-payment deadline?

Accepted Answer

A)  0.0401 
B)  0.4599 
C)  0.8056 
D)  0.9599 
E)  near 1.0000, or almost certain 
A)  0.0401 
B)  0.4599 
C)  0.8056 
D)  0.9599 
E)  near 1.0000, or almost certain D

Question 3

The __________ is the computed longest time path(s) through a network.

Accepted Answer

critical path

Question 4

By their very nature, projects have a limited lifetime, and that sets project management apart from the management of more traditional activities.

Accepted Answer

A) True 
 B)False

Question 5

The __________ distribution is used by PERT analysis to calculate expected activity times and variances.

Accepted Answer

A)  Normal 
B)  Beta 
C)  Alpha 
D)  Gaussian 
E)  Binomial 
A)  Normal 
B)  Beta 
C)  Alpha 
D)  Gaussian 
E)  Binomial

Question 6

Two critical path activities are candidates for crashing on a CPM network. Activity details are in the table below. To cut one day from the project's duration, activity _________ should be crashed first, adding _________ to project cost.

Accepted Answer

A)  B; $2,000 
B)  B; $8,000 
C)  C; $1,000 
D)  C; $2,000 
E)  C; $6,000 
A)  B; $2,000 
B)  B; $8,000 
C)  C; $1,000 
D)  C; $2,000 
E)  C; $6,000

Question 7

__________ divides a project into more and more detailed components.

Accepted Answer

Work break

Question 8

Which of the following statements regarding PERT times is true?

Accepted Answer

A)  The expected time is an estimate of the time an activity will require if everything goes as planned. 
B)  The optimistic time estimate is an estimate of the maximum time an activity will require. 
C)  The expected time estimate is calculated as t = (a + 4m + b)/6. 
D)  The pessimistic time estimate is an estimate of the minimum time an activity will require. 
E)  The most likely time estimate is an estimate of the maximum time an activity will require. 
A)  The expected time is an estimate of the time an activity will require if everything goes as planned. 
B)  The optimistic time estimate is an estimate of the maximum time an activity will require. 
C)  The expected time estimate is calculated as t = (a + 4m + b)/6. 
D)  The pessimistic time estimate is an estimate of the minimum time an activity will require. 
E)  The most likely time estimate is an estimate of the maximum time an activity will require.

Question 9

Which of the following statements regarding PERT times is true?

Accepted Answer

A)  The optimistic time estimate is an estimate of the minimum time an activity will require. 
B)  The optimistic time estimate is an estimate of the maximum time an activity will require. 
C)  The probable time estimate is calculated as t = (a + 4m + b). 
D)  Pessimistic time estimate is an estimate of the minimum time an activity will require. 
E)  Most likely time estimate is an estimate of the maximum time an activity will require. 
A)  The optimistic time estimate is an estimate of the minimum time an activity will require. 
B)  The optimistic time estimate is an estimate of the maximum time an activity will require. 
C)  The probable time estimate is calculated as t = (a + 4m + b). 
D)  Pessimistic time estimate is an estimate of the minimum time an activity will require. 
E)  Most likely time estimate is an estimate of the maximum time an activity will require.

Question 10

Define slack.

Accepted Answer

Slack is the amount of time an

Question 11

The project organization works best when which of the following conditions are satisfied? I. Work can be defined with a specific goal and deadline.
II. The job is typical and familiar to the existing organization.
III. The work contains interrelated tasks requiring specialized skills
IV. The project is temporary but unimportant to long-term organizational success
V. The project cuts across organizational lines.

Accepted Answer

A)  I,II,III,IV,V 
B)  None of the above conditions need to be satisfied 
C)  I,III,V 
D)  I,II,III,V 
E)  I,III,IV,V 
A)  I,II,III,IV,V 
B)  None of the above conditions need to be satisfied 
C)  I,III,V 
D)  I,II,III,V 
E)  I,III,IV,V

Question 12

Given the project within the table below calculate
a. The critical path
b. The minimum project duration
c. The amount of slack for each activity

Accepted Answer

@#IMG-DLM& (A) The critical path is CDEFG
(B) Mini

Question 13

The shortest of all paths through the network is the critical path.

Accepted Answer

A) True 
 B)False

Question 14

Consider the network described in the table below.
   a. Calculate the expected duration of each activity.
b. Calculate the expected duration and variance of the critical path.
c. Calculate the probability that the project will be completed in fewer than 30 time units.

Accepted Answer

(a) See table below.
(b) Tasks J-M-N-P a

Question 15

PERT, but not CPM, has the ability to consider the precedence relationships in a project.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following statements regarding Bechtel is true?

Accepted Answer

A)  Its competitive advantage is project management. 
B)  Bechtel was the construction contractor for the Hoover Dam. 
C)  While helping to rebuild Iraq, Bechtel's crews had to travel under armed escort. 
D)  Bechtel's procurement program is global in nature. 
E)  All of the above are true. 
A)  Its competitive advantage is project management. 
B)  Bechtel was the construction contractor for the Hoover Dam. 
C)  While helping to rebuild Iraq, Bechtel's crews had to travel under armed escort. 
D)  Bechtel's procurement program is global in nature. 
E)  All of the above are true.

Question 17

The network analysis method that allows activity times to vary is __________.

Accepted Answer

PERT or Pr

Question 18

A project organization works best for an organization when the project resides in only one of its functional areas.

Accepted Answer

A) True 
 B)False

Question 19

A project organization that becomes permanent is often referred to as a __________.

Accepted Answer

A)  fixed project organization 
B)  matrix organization 
C)  normal organization 
D)  standard organization 
E)  none of the above 
A)  fixed project organization 
B)  matrix organization 
C)  normal organization 
D)  standard organization 
E)  none of the above

Question 20

The ES of an activity that has only one predecessor is simply the EF of that predecessor.

Accepted Answer

A) True 
 B)False

Exam 3: Project Management

Ethical issues that may arise in projects large and small include

The __________ is the computed longest time path(s) through a network.

By their very nature, projects have a limited lifetime, and that sets project management apart from the management of more traditional activities.

The __________ distribution is used by PERT analysis to calculate expected activity times and variances.

Two critical path activities are candidates for crashing on a CPM network. Activity details are in the table below. To cut one day from the project's duration, activity _________ should be crashed first, adding _________ to project cost.

__________ divides a project into more and more detailed components.

Which of the following statements regarding PERT times is true?

Which of the following statements regarding PERT times is true?

Define slack.

Given the project within the table below calculate a. The critical path b. The minimum project duration c. The amount of slack for each activity

The shortest of all paths through the network is the critical path.

Consider the network described in the table below. a. Calculate the expected duration of each activity. b. Calculate the expected duration and variance of the critical path. c. Calculate the probability that the project will be completed in fewer than 30 time units.

PERT, but not CPM, has the ability to consider the precedence relationships in a project.

Which of the following statements regarding Bechtel is true?

The network analysis method that allows activity times to vary is __________.

A project organization works best for an organization when the project resides in only one of its functional areas.

A project organization that becomes permanent is often referred to as a __________.

The ES of an activity that has only one predecessor is simply the EF of that predecessor.

Operations and Productivity

Operations Strategy in a Global Environment

Forecasting

Design of Goods and Services

Managing Quality

Process Strategy

Location Strategies

Layout Strategies

Human Resources, Job Design, and Work Measurement

Supply-Chain Management

Inventory Management

Aggregate Planning

Material Requirements Planning Mrp and Erp

Short-Term Scheduling

Just-In-Time and Lean Options

Maintenance and Reliability

Statistical Tools for Managers

Acceptance Sampling

The Simplex Method of Linear Programming

The Modi and Vam Methods of Solving Transportation Problems

Vehicle Routing and Scheduling

Managing Quality

Process Strategy

Supply-Chain Management

Vehicle Routing and Scheduling

Filters

Two critical path activities are candidates for crashing on a CPM network. Activity details are in the table below. To cut one day from the project's duration, activity _ should be crashed first, adding _ to project cost.