Exam 12: Project Management

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In a PERT analysis, how is the optimistic time defined?

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Given (Time in weeks): Given (Time in weeks):     Determine: (a) the critical path. (b) the probability that the project will be completed in 22 weeks. Given (Time in weeks):     Determine: (a) the critical path. (b) the probability that the project will be completed in 22 weeks. Determine: (a) the critical path. (b) the probability that the project will be completed in 22 weeks.

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Table 12-4 The following represents a project with known activity times. All times are in weeks. Table 12-4 The following represents a project with known activity times. All times are in weeks.   -Using the data in Table 12-4, determine the latest time activity A can be finished and not delay any activity? -Using the data in Table 12-4, determine the latest time activity A can be finished and not delay any activity?

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Table 12-2 The following represents a project with four activities. All times are in weeks. Table 12-2 The following represents a project with four activities. All times are in weeks.   -According to the data in Table 12-2, what is the critical path? -According to the data in Table 12-2, what is the critical path?

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Table 12-1 The following represents a project with know activity times. All times are in weeks. Table 12-1 The following represents a project with know activity times. All times are in weeks.   -According to Table 12-1, compute the slack time for activity D. -According to Table 12-1, compute the slack time for activity D.

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Before drawing a PERT or CPM network, we must identify all activities and their predecessors.

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A small software development project has five major activities. The times are estimated and provided in the table below. A small software development project has five major activities. The times are estimated and provided in the table below.   (a) What is the expected completion time for this project? (b) What variance would be used in finding probabilities of finishing by a certain time? (a) What is the expected completion time for this project? (b) What variance would be used in finding probabilities of finishing by a certain time?

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Table 12-3 Table 12-3   -According to Table 12-3, there are five activities in a PERT project. If the normal distribution were used to find the probability of finishing this project in 24 weeks or fewer, what mean and variance would be used? -According to Table 12-3, there are five activities in a PERT project. If the normal distribution were used to find the probability of finishing this project in 24 weeks or fewer, what mean and variance would be used?

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Consider a project that has an expected completion time of 60 weeks and a standard deviation of five weeks. What is the probability that the project is finished in 70 weeks or fewer? (Round to two decimals.)

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In PERT analysis, how is the pessimistic activity time defined?

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Consider the following project schedule: Consider the following project schedule:   (a) Which activities are critical? (b) Which activity has the most slack? (a) Which activities are critical? (b) Which activity has the most slack?

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Figure 12-1 Figure 12-1   -Given the network shown in Figure 12-1, assume that the completion of activity C is delayed by four days. What changes will take place? -Given the network shown in Figure 12-1, assume that the completion of activity C is delayed by four days. What changes will take place?

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PERT is the acronym for what?

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An alternative approach to project crashing is to use which of the following techniques?

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Both PERT and CPM networks show activities and activity sequences.

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The work breakdown structure involves identifying the ________ for each activity.

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Table 12-3 Table 12-3   -According to Table 12-3, there are five activities in a PERT project. Which activities are on the critical path? -According to Table 12-3, there are five activities in a PERT project. Which activities are on the critical path?

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Your company is considering submitting a bid on a major project. You determine that the expected completion time is 100 weeks and the standard deviation is 10 weeks. It is assumed that the normal distribution applies. You wish to set the due date for the project such that there is an 85 percent chance that the project will be finished by this time. What due date should be set?

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A small software development project has four major activities. The times are estimated and provided in the table below. A small software development project has four major activities. The times are estimated and provided in the table below.   (a) What is the expected completion time for this project? (b) What variance would be used in finding probabilities of finishing by a certain time? (a) What is the expected completion time for this project? (b) What variance would be used in finding probabilities of finishing by a certain time?

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In a PERT network, the latest (activity) start time is the

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