Exam 3: Project Management

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One responsibility of a project manager is to make sure that the project meets its quality goals.

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True

EllisDon work with all of the following except

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A

Which of the following statements regarding PERT times is true?

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C

The ________ is the computed longest time path(s) through a network.

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A PERT project has 45 activities, 19 of which are on the critical path. The estimated time for the critical path is 120 days. The sum of all activity variances is 64, while the sum of variances along the critical path is 36. The probability that the project can be completed between days 108 and 120 is

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The expected activity time in PERT analysis is calculated as

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The ________ distribution is used by PERT analysis to calculate expected activity times and variances.

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The network below represents a project being analyzed by Critical Path Methods. Activity durations are indicated on the network. The network below represents a project being analyzed by Critical Path Methods. Activity durations are indicated on the network.   a. Identify the activities on the critical path. b. What is the duration of the critical path? c. Calculate the amount of slack time at activity H. d. If activity I were delayed by ten time units, what would be the impact on the project duration? a. Identify the activities on the critical path. b. What is the duration of the critical path? c. Calculate the amount of slack time at activity H. d. If activity I were delayed by ten time units, what would be the impact on the project duration?

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Contract requirements state that a project must be completed within 180 working days, or it will incur penalties for late completion. Analysis of the activity network reveals an estimated project time of 145 working days with a project variance of 400. What is the probability that the project will be completed before the late-payment deadline?

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Three critical path activities are candidates for crashing on a CPM network. Activity details are in the table below. Activity Normal Time Normal Cost Crash Duration Crash Cost A 9 days \ 8,000 7 days \ 12,000 B 5 days \ 2,000 3 days \ 10,000 C 12 days \ 9,000 11 days \ 12,000 a. What is the crash cost per unit time for activity A? b. What is the crash cost per unit time for activity B? c. Which activity should be crashed first to cut one day from the project's duration; how much is added to project cost? d. Which activity should be the next activity crashed to cut a second day from the project's duration; how much is added to project cost? e. Assuming no other paths become critical, how much can this project be shortened at what total added cost?

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Consider the network described in the table below. Activity Immediate Predecessor(s) Pessimistic Probable Optimistic J -- 15 10 8 K -- 9 8 7 L J 10 6 5 M J 3 3 3 N K, M 9 5 1 O K, M 10 7 4 P L, N 10 8 3 a. Calculate the expected duration of each activity. b. Calculate the expected duration and variance of the critical path. c. Calculate the probability that the project will be completed in fewer than 30 time units.

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A project being analyzed by PERT has 60 activities, 13 of which are on the critical path. If the estimated time along the critical path is 214 days with a project variance of 100, the probability that the project will take 224 days or more to complete is

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A project being analyzed by PERT has 50 activities, 12 of which are on the critical path. If the estimated time along the critical path is 176 days with a project variance of 144, the probability that the project will take 194 days or more to complete is

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Describe in words how to calculate a project's standard deviation. What assumption allows that calculation to be accurate?

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The critical path for the network activities shown below is ________ with duration ________. Activity Duration Immediate Predecessors A 10 -- B 8 -- C 2 A D 4 A E 5 B, C, D

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Which of the following statements regarding CPM is true?

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How is the expected completion time of a project activity, and of a PERT project, computed?

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A local project being analyzed by PERT has 42 activities, 13 of which are on the critical path. If the estimated time along the critical path is 105 days with a project variance of 25, the probability that the project will be completed in 95 days or less is

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A network has been crashed to the point where all activities are critical. Additional crashing

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The difference between AON and AOA networks is that

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