Exam 12: Project Management

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Given an activity's optimistic, most likely, and pessimistic time estimates of 2, 5, and 14 days respectively, compute the PERT expected activity time for this activity.

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In PERT, we assume that the project completion time can be modeled by the normal distribution.

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PERT and CPM are quantitative analysis tools designed to schedule and control large projects.

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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 Table 12-2, there are four activities in the project. Assume the normal distribution is appropriate to use to determine the probability of finishing by a particular time. What is the probability that the project is finished in 16 weeks or fewer? (Round to two decimals.) -According to Table 12-2, there are four activities in the project. Assume the normal distribution is appropriate to use to determine the probability of finishing by a particular time. What is the probability that the project is finished in 16 weeks or fewer? (Round to two decimals.)

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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 Table 12-2, there are four activities in the project. Assume the normal distribution is appropriate to use to determine the probability of finishing by a particular time. If you wished to find the probability of finishing the project in 20 weeks or fewer, it would be necessary to find the variance and then the standard deviation to be used with the normal distribution. What variance would be used? -According to Table 12-2, there are four activities in the project. Assume the normal distribution is appropriate to use to determine the probability of finishing by a particular time. If you wished to find the probability of finishing the project in 20 weeks or fewer, it would be necessary to find the variance and then the standard deviation to be used with the normal distribution. What variance would be used?

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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.   -Using the data in Table 12-1, what is the latest possible time that C may be started without delaying completion of the project? -Using the data in Table 12-1, what is the latest possible time that C may be started without delaying completion of the project?

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Figure 12-1 Figure 12-1   -Given the network in Figure 12-1, the critical path is -Given the network in Figure 12-1, the critical path is

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Figure 12-1 Figure 12-1   -Given the network shown in Figure 12-1 and the following information, what is the variance of the critical path?  -Given the network shown in Figure 12-1 and the following information, what is the variance of the critical path? Figure 12-1   -Given the network shown in Figure 12-1 and the following information, what is the variance of the critical path?

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Managers use the network analysis of PERT and CPM to help them

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Gantt charts and PERT diagrams provide the same information, just in different formats.

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In CPM, crashing an activity that is not on the critical path increases the cost of the project.

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Which of the following is not a decision variable when formulating the project crashing problem as a linear program?

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

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Draw the PERT network associated with the following activities. Draw the PERT network associated with the following activities.

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Given the assumptions in PERT, the probability that a project will be completed in less time than required by the activities on the critical path is approximately 50%.

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The project described by: The project described by:   is best represented by which of the following networks? is best represented by which of the following networks?

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The two common techniques for drawing PERT networks are ________.

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The longest time path through a PERT/CPM network is called the critical path.

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Given an activity's optimistic, most likely, and pessimistic time estimates of 3, 5, and 15 days, respectively, compute the PERT standard deviation for this activity.

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Gantt charts contain information about the time taken by each activity, but not about the sequential dependencies of the activities.

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