Exam 12: Project Management

One of the most significant benefits of PERT is that it forces the project manager to sit down and plan the project in great detail-and thus come to an understanding of relationships between the activities.

Table 12-5 -How long could Table 12-5's activity E be delayed without delaying the completion of the project?

Table 12-6 -Which activities are part of Table 12-6's critical path?

Consider the project with the following estimates for activity times and precedence relationships: (a) What is the expected duration of the project? (b) What is the project variance? (c) If the deadline of the project is 25 days, what is the probability of finishing the project on time?

PERT often assumes that time estimates follow which of the following probability distributions?

Table 12-5 -How long could Table 12-5's activity F be delayed without delaying the project?

One PERT/COST assumption is that money is spent at a constant rate over the time taken to complete an activity.

Slack is the time an activity can be delayed without impacting the completion time of the project.

The expected time in PERT is

The project described by: has a critical path of length of ________.

In PERT, the earliest start time for an activity is equal to the latest of the earliest finish times of all of its immediate predecessors.

Reducing the overall activity time is based on which of the following steps?

Given the variability of the activity completion times, the original critical path we identify in our PERT analysis may not always be the actual critical path as the project takes place.

Figure 12-1 -Given the network in Figure 12-1, the time to complete those activities on the critical path is expected to be ________.

The three time estimates employed in PERT are optimistic time, average time, and pessimistic time.

CPM stands for Comprehensive Project Method.

PERT stands for Probabilistic Evaluation and Review Technique.

In PERT/CPM, what is meant by the critical path?

CPM is the acronym for what?

CPM