Question 1

In PERT, the variance in completion time is equal to the variance of the most time consuming activity on the critical path.

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A)  earliest time that an activity can be finished without delaying the entire project. 
B)  latest time that an activity can be started without delaying the entire project. 
C)  earliest time that an activity can start without violation of precedence requirements. 
D)  latest time that an activity can be finished without delaying the entire project. 
E)  None of the above 
A)  earliest time that an activity can be finished without delaying the entire project. 
B)  latest time that an activity can be started without delaying the entire project. 
C)  earliest time that an activity can start without violation of precedence requirements. 
D)  latest time that an activity can be finished without delaying the entire project. 
E)  None of the above

Question 3

CPM was developed for use in managing projects about which we have good information about activity or task completion times.

Accepted Answer

A) True 
 B)False

Question 4

PERT is a network technique similar to CPM, but PERT allows for project crashing, whereas CPM does not.

Accepted Answer

A) True 
 B)False

Question 5

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 minimum expected completion time for the project?

Accepted Answer

A)  18 
B)  19 
C)  37 
D)  11 
E)  None of the above 
A)  18 
B)  19 
C)  37 
D)  11 
E)  None of the above

Question 6

PERT is a deterministic analysis tool allowing for precise times of activities within a project.

Accepted Answer

A) True 
 B)False

Question 7

CPM stands for ________.

Accepted Answer

A)  critical path management 
B)  critical project management 
C)  critical project method 
D)  critical path method 
E)  centralized project management 
A)  critical path management 
B)  critical project management 
C)  critical project method 
D)  critical path method 
E)  centralized project management

Question 8

Slack time in a network is the

Accepted Answer

A)  amount of time that an activity would take assuming very unfavorable conditions. 
B)  shortest amount of time that could be required to complete the activity. 
C)  amount of time that you would expect it would take to complete the activity. 
D)  difference between the expected completion time of the project using pessimistic times and the expected completion time of the project using optimistic times. 
E)  amount of time that an activity can be delayed without delaying the entire project. 
A)  amount of time that an activity would take assuming very unfavorable conditions. 
B)  shortest amount of time that could be required to complete the activity. 
C)  amount of time that you would expect it would take to complete the activity. 
D)  difference between the expected completion time of the project using pessimistic times and the expected completion time of the project using optimistic times. 
E)  amount of time that an activity can be delayed without delaying the entire project.

Question 9

PERT was developed for a project for which activity or task times were uncertain.

Accepted Answer

A) True 
 B)False

Question 10

Given an activity's optimistic, most likely, and pessimistic time estimates of 4, 6, and 14 days respectively, compute the PERT expected activity time for this activity.

Accepted Answer

A)  8 
B)  6 
C)  7 
D)  9 
E)  None of the above 
A)  8 
B)  6 
C)  7 
D)  9 
E)  None of the above

Question 11

Table 12-4
The following represents a project with known activity times. All times are in weeks.  
-Using the data in Table 12-4, compute the latest finish time for activity E.

Accepted Answer

A)  4 
B)  10 
C)  14 
D)  25 
E)  None of the above 
A)  4 
B)  10 
C)  14 
D)  25 
E)  None of the above

Question 12

Consider the tasks, durations, and predecessor relationships in the following network. Draw the network and answer the questions that follow.   (a) What is the expected duration of the project?
(b) What is the probability of completion of the project before week 42?

Accepted Answer

The answer of Consider the tasks, durations, and predecessor relationships...

Question 13

Development of a new deluxe version of a particular software product is being considered. The activities necessary for the completion of this are listed in the table below (Time in weeks).   (a) If you wish to reduce the time required to complete this project by two weeks, which activity(ies) should be crashed, and how much will this increase the total cost?
(b) What would be the added cost if you wanted to complete the project in the minimum time possible?

Accepted Answer

(a) Crash D, two weeks at an a

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

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 minimum possible time required for completing the project?

Accepted Answer

A)  8 
B)  14 
C)  25 
D)  10 
E)  None of the above 
A)  8 
B)  14 
C)  25 
D)  10 
E)  None of the above

Question 16

Given an activity's optimistic, most likely, and pessimistic time estimates of 3, 7, and 11 days respectively, compute the expected time for this activity.

Accepted Answer

A)  5 
B)  6 
C)  7 
D)  12 
E)  None of the above 
A)  5 
B)  6 
C)  7 
D)  12 
E)  None of the above

Question 17

Table 12-1
The following represents a project with know activity times. All times are in weeks.  
-Using the data in Table 12-1, compute the latest finish time for activity E.

Accepted Answer

A)  4 
B)  10 
C)  14 
D)  25 
E)  None of the above 
A)  4 
B)  10 
C)  14 
D)  25 
E)  None of the above

Question 18

Given an activity's optimistic, most likely, and pessimistic time estimates of 3, 6, and 9 days respectively, compute the PERT variance for this activity.

Accepted Answer

A)  3 
B)  1 
C)  9 
D)  6 
E)  None of the above 
A)  3 
B)  1 
C)  9 
D)  6 
E)  None of the above

Question 19

What is the minimum possible time required for completing the Table 12-5 project?

Accepted Answer

A)  14 
B)  18 
C)  17 
D)  20 
E)  None of the above 
A)  14 
B)  18 
C)  17 
D)  20 
E)  None of the above

Question 20

The expected time in PERT is

Accepted Answer

A)  greater than the most likely time. 
B)  equal to the most likely time. 
C)  less than the most likely time. 
D)  any of the above 
E)  None of the above 
A)  greater than the most likely time. 
B)  equal to the most likely time. 
C)  less than the most likely time. 
D)  any of the above 
E)  None of the above

In PERT, the variance in completion time is equal to the variance of the most time consuming activity on the critical path.

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

CPM was developed for use in managing projects about which we have good information about activity or task completion times.

PERT is a network technique similar to CPM, but PERT allows for project crashing, whereas CPM does not.

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 minimum expected completion time for the project?

PERT is a deterministic analysis tool allowing for precise times of activities within a project.

CPM stands for ________.

Slack time in a network is the

PERT was developed for a project for which activity or task times were uncertain.

Given an activity's optimistic, most likely, and pessimistic time estimates of 4, 6, and 14 days respectively, compute the PERT expected activity time for this activity.

Table 12-4 The following represents a project with known activity times. All times are in weeks. -Using the data in Table 12-4, compute the latest finish time for activity E.

Consider the tasks, durations, and predecessor relationships in the following network. Draw the network and answer the questions that follow. (a) What is the expected duration of the project? (b) What is the probability of completion of the project before week 42?

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

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 minimum possible time required for completing the project?

Given an activity's optimistic, most likely, and pessimistic time estimates of 3, 7, and 11 days respectively, compute the expected time for this activity.

Table 12-1 The following represents a project with know activity times. All times are in weeks. -Using the data in Table 12-1, compute the latest finish time for activity E.

Given an activity's optimistic, most likely, and pessimistic time estimates of 3, 6, and 9 days respectively, compute the PERT variance for this activity.

What is the minimum possible time required for completing the Table 12-5 project?

The expected time in PERT is

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Exam 12: Project Management

In PERT, the variance in completion time is equal to the variance of the most time consuming activity on the critical path.

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

CPM was developed for use in managing projects about which we have good information about activity or task completion times.

PERT is a network technique similar to CPM, but PERT allows for project crashing, whereas CPM does not.

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 minimum expected completion time for the project?

PERT is a deterministic analysis tool allowing for precise times of activities within a project.

CPM stands for ________.

Slack time in a network is the

PERT was developed for a project for which activity or task times were uncertain.

Given an activity's optimistic, most likely, and pessimistic time estimates of 4, 6, and 14 days respectively, compute the PERT expected activity time for this activity.

Table 12-4 The following represents a project with known activity times. All times are in weeks. -Using the data in Table 12-4, compute the latest finish time for activity E.

Consider the tasks, durations, and predecessor relationships in the following network. Draw the network and answer the questions that follow. (a) What is the expected duration of the project? (b) What is the probability of completion of the project before week 42?

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

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 minimum possible time required for completing the project?

Given an activity's optimistic, most likely, and pessimistic time estimates of 3, 7, and 11 days respectively, compute the expected time for this activity.

Table 12-1 The following represents a project with know activity times. All times are in weeks. -Using the data in Table 12-1, compute the latest finish time for activity E.

Given an activity's optimistic, most likely, and pessimistic time estimates of 3, 6, and 9 days respectively, compute the PERT variance for this activity.

What is the minimum possible time required for completing the Table 12-5 project?

The expected time in PERT is

Introduction to Quantitative Analysis

Probability Concepts and Applications

Decision Analysis

Regression Models

Forecasting

Inventory Control Models

Linear Programming Models: Graphical and Computer Methods

Linear Programming Applications

Transportation and Assignment Models

Integer Programming, Goal Programming, and Nonlinear Programming

Network Models

Waiting Lines and Queuing Theory Models

Simulation Modeling

Markov Analysis

Statistical Quality Control

Filters