Exam 12: Project Management

Indirect costs always increase as a project's duration decreases.

Microsoft Project is a software package that supports PERT but not CPM.

Project scope involves a set of procedures for anticipating and assessing uncertainties that might increase the risk of delaying the project.

Using Table 9.2,the variance for activity E is

Crashing activates with positive slack reduces a project's duration.

Using Table 9.3,the latest start (LS)time for activity D is

In general,the latest finish time for an activity is equal to

Using Table 9.2,the probability that the project will take longer than 33 weeks to complete is approximately

The estimated variance for an activity with a most likely time (m)equal to 11 days,the optimistic time (a)equal to 6 days,and the pessimistic time (b)equal to 18 days is

Using Table 9.1,the amount of slack associated with activity C is

With an activity-on-node (AON)network diagram,the nodes indicate the precedence relationships and the arrows represent the project's activities.

In general,crashing costs decrease as a project's duration is shortened.

Why have projects taken on a more crucial role in operations management?

Managing quality is not an important part of project management.

Project planning involves a set of procedures for monitoring and evaluating progress and performance.

Using Table 9.2,the variance of the project's total completion time is

A work breakdown structure provides a common understanding of and justification for a project.

The principles of total quality management (TQM)cannot be applied to project management.

One disadvantage of a Gantt chart,especially for large projects,is that it does not

A dummy activity is an activity inserted into the network diagram to show a precedence relationship,but does not represent any passage of time.