Exam 3: Project Management
Exam 1: Operations and Productivity134 Questions
Exam 2: Operations Strategy in a Global Environment145 Questions
Exam 3: Project Management131 Questions
Exam 4: Forecasting151 Questions
Exam 5: Design of Goods and Services136 Questions
Exam 6: Managing Quality139 Questions
Exam 7: Process Strategy and Sustainability141 Questions
Exam 8: Location Strategies149 Questions
Exam 9: Layout Strategies171 Questions
Exam 10: Human Resources, Job Design, and Work Measurement202 Questions
Exam 11: Supply-Chain Management152 Questions
Exam 12: Inventory Management178 Questions
Exam 13: Aggregate Planning144 Questions
Exam 14: Material Requirements Planning Mrp and Erp184 Questions
Exam 15: Short-Term Scheduling149 Questions
Exam 16: Lean Operations147 Questions
Exam 17: Maintenance and Reliability139 Questions
Exam 18: Decision-Making Tools107 Questions
Exam 19: Linear Programming110 Questions
Exam 20: Transportation Models104 Questions
Exam 21: Waiting-Line Models145 Questions
Exam 22: Learning Curves121 Questions
Exam 23: Simulation102 Questions
Exam 24: Supply Chain Management Analytics65 Questions
Exam 25: Sustainability in the Supply Chain11 Questions
Exam 26: Statistical Process Control166 Questions
Exam 27: Capacity and Constraint Management117 Questions
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One responsibility of a project manager is to make sure that the project meets its quality goals.
Free
(True/False)
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Correct Answer:
True
EllisDon work with all of the following except
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(Multiple Choice)
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Correct Answer:
A
Which of the following statements regarding PERT times is true?
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(Multiple Choice)
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Correct Answer:
C
The ________ is the computed longest time path(s) through a network.
(Short Answer)
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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
(Multiple Choice)
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The expected activity time in PERT analysis is calculated as
(Multiple Choice)
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The ________ distribution is used by PERT analysis to calculate expected activity times and variances.
(Multiple Choice)
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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?

(Essay)
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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?
(Multiple Choice)
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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?
(Essay)
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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.
(Essay)
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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
(Multiple Choice)
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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
(Multiple Choice)
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Describe in words how to calculate a project's standard deviation. What assumption allows that calculation to be accurate?
(Essay)
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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
(Multiple Choice)
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How is the expected completion time of a project activity, and of a PERT project, computed?
(Essay)
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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
(Multiple Choice)
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A network has been crashed to the point where all activities are critical. Additional crashing
(Multiple Choice)
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