Exam 12: Project Management

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 started without delaying the project completion.

Given an activity's optimistic, most likely, and pessimistic time estimates of 1, 9, and 23 days respectively, compute the PERT expected activity time for this activity.

The first step in planning and scheduling a project is to develop the ________.

The process of smoothing out the utilization of resources in a project is called

Which of the following is not a concept associated with CPM?

The variance of the project completion time is equal to the sum of the variances of all the activities.

Table 12-4 The following represents a project with known activity times. All times are in weeks. -Using the data in Table 12-4, what is the latest possible time that C may be started without delaying completion of the project?

In PERT, the most likely completion time of an activity is used to represent that activity's time within a project.

Given an activity's optimistic, most likely, and pessimistic time estimates of 4, 14, and 18 days respectively, compute the PERT expected activity time for this activity.

The critical path of a network is the

The first step in planning and scheduling a project is to develop the work breakdown structure.

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

Consider a project that has an expected completion time of 50 weeks and a standard deviation of 9 weeks. What is the probability that the project is finished in 57 weeks or fewer? (Round to two decimals.)

Given the following small project, the critical path is ________ days.

Through the use of PERT/CPM, astute managers can derive flexibility by identifying noncritical activities and replanning, rescheduling, and reallocating resources such as personnel and finances.

PERT stands for ________.

In PERT analysis, the probability of the optimistic time occurring should be on the order of ________.

PERT assumes that the total completion time of a projects follows which of the following probability distributions?

Given an activity's optimistic, most likely, and pessimistic time estimates of 3, 5, and 13 days respectively, compute the expected time for this activity.

With CPM, we are able to calculate the probability of finishing the project within a specified time.