Question 1

In evaluating time-cost trade-offs,we start by crashing the task on the critical path that:

Accepted Answer

A) Has the lowest cost to reduce by one unit of time. 
B) Has the lowest total crash cost. 
C) Can be reduced the most. 
D) Is the longest. 
E) None of these. 
A) Has the lowest cost to reduce by one unit of time. 
B) Has the lowest total crash cost. 
C) Can be reduced the most. 
D) Is the longest. 
E) None of these.

Question 2

A project manager has discovered that three tasks are on the critical path for a particular project.She has developed the time estimates (in days)shown in the table below.   The customer has offered a $10,000 bonus if the project is completed within 14 days.What is the probability that the bonus will be earned?

Accepted Answer

A) Approximately 85 percent 
B) Approximately 5 percent 
C) Approximately 2.3 percent 
D) Approximately 97.7 percent 
A) Approximately 85 percent 
B) Approximately 5 percent 
C) Approximately 2.3 percent 
D) Approximately 97.7 percent

Question 3

Annie is planning a large surprise party for her sister Gwendolyn.She has developed the following plan,including estimates of the time (in hours)and cost necessary to perform each of the tasks required.   What is the planned duration of the preparation for the surprise party,assuming the critical path is completed?

Accepted Answer

A) 16 hours 
B) 8 hours 
C) 20 hours 
D) 30 hours 
A) 16 hours 
B) 8 hours 
C) 20 hours 
D) 30 hours

Question 4

A project manager has discovered that three tasks are on the critical path for a particular project.She has developed the time estimates (in days)shown in the table below.Complete the table and determine the expected completion time for the project.

Accepted Answer

A) 17 days 
B) 18 days 
C) 21 days 
D) 19 days 
A) 17 days 
B) 18 days 
C) 21 days 
D) 19 days

Question 5

Task X has a best-case duration of 4 days,a worst-case duration of 10 days,and a most likely duration of 6 days.Using this information,we can estimate a 50 percent probability that the task will be completed in no more than how many days?

Accepted Answer

A) 6.0 days 
B) 3.3 days 
C) 10.0 days 
D) 6.3 days 
A) 6.0 days 
B) 3.3 days 
C) 10.0 days 
D) 6.3 days

Question 6

Given the tasks,estimated durations,and crash costs shown below,what would be the minimum cost to reduce the project by one day?

Accepted Answer

A) $200 
B) $500 
C) $700 
D) $800 
E) $1,000 
A) $200 
B) $500 
C) $700 
D) $800 
E) $1,000

Question 7

Task X has an 82 percent probability that it will be completed in 20 days or less.The standard deviation of its duration is five days.What is its expected duration?

Accepted Answer

A) 15.4 days 
B) 15.9 days 
C) 19.1 days 
D) 12.3 days 
A) 15.4 days 
B) 15.9 days 
C) 19.1 days 
D) 12.3 days

Question 8

Identify the critical path to completion for the project plan.

Accepted Answer

A) A,C,D,F is 45 hours. 
B) A,B,C,D,E,F is not a path. 
C) A,B,E,F is 46 hours. 
D) A,B,D,F is 49 hours 
A) A,C,D,F is 45 hours. 
B) A,B,C,D,E,F is not a path. 
C) A,B,E,F is 46 hours. 
D) A,B,D,F is 49 hours

Question 9

An estimate of the duration of a task that is based on a weighted average of a range of possible task durations is known as:

Accepted Answer

A) Most likely duration. 
B) Expected duration. 
C) Worst-case duration. 
D) Probabilistic duration. 
A) Most likely duration. 
B) Expected duration. 
C) Worst-case duration. 
D) Probabilistic duration.

Question 10

Task X has a most likely duration of 10 days,a best-case duration of 8 days,and a worst-case duration of 15 days.What is the probability that it will be completed in 12 days or less?

Accepted Answer

A) 0 percent 
B) 95.7 percent 
C) 90.1 percent 
D) 75.3 percent 
A) 0 percent 
B) 95.7 percent 
C) 90.1 percent 
D) 75.3 percent

Question 11

For a project with many task paths of nearly equal lengths,the best way to estimate the probabilities associated with project completion is:

Accepted Answer

A) Estimate the probability for the critical path 
B) Multiply the probabilities of all paths 
C) Use simulation to model the project 
D) Calculate the joint probability of project completion 
A) Estimate the probability for the critical path 
B) Multiply the probabilities of all paths 
C) Use simulation to model the project 
D) Calculate the joint probability of project completion

Question 12

A simple sequential project (each task must be completed before the next one can begin)has the time estimates (in days)shown below:   What is the expected total time for the project?

Accepted Answer

A) 7.33 days 
B) 9.00 days 
C) 10 days 
D) 12.67 days 
A) 7.33 days 
B) 9.00 days 
C) 10 days 
D) 12.67 days

Question 13

Annie is planning a large surprise party for her sister Gwendolyn.She has developed the following plan,including estimates of the time (in hours)and cost necessary to perform each of the tasks required.   If Annie has already crashed task A to its minimum duration,what is the next task she should crash?

Accepted Answer

A) A 
B) C 
C) E 
D) F 
A) A 
B) C 
C) E 
D) F

In evaluating time-cost trade-offs,we start by crashing the task on the critical path that:

A project manager has discovered that three tasks are on the critical path for a particular project.She has developed the time estimates (in days)shown in the table below.Complete the table and determine the expected completion time for the project.

Task X has a best-case duration of 4 days,a worst-case duration of 10 days,and a most likely duration of 6 days.Using this information,we can estimate a 50 percent probability that the task will be completed in no more than how many days?

Given the tasks,estimated durations,and crash costs shown below,what would be the minimum cost to reduce the project by one day?

Task X has an 82 percent probability that it will be completed in 20 days or less.The standard deviation of its duration is five days.What is its expected duration?

Identify the critical path to completion for the project plan.

An estimate of the duration of a task that is based on a weighted average of a range of possible task durations is known as:

Task X has a most likely duration of 10 days,a best-case duration of 8 days,and a worst-case duration of 15 days.What is the probability that it will be completed in 12 days or less?

For a project with many task paths of nearly equal lengths,the best way to estimate the probabilities associated with project completion is:

A simple sequential project (each task must be completed before the next one can begin)has the time estimates (in days)shown below: What is the expected total time for the project?

Introduction to Managing Operations Across the Supply Chain

Operations and Supply Chain Strategy

Managing Processes and Capacity

A: Process Mapping and Analysis

Productprocess Innovation

Manufacturing and Service Process Structures

Managing Quality

A: Quality Improvement Tools

Managing Inventories

Lean Systems

Customer Service Management

Sourcing and Supply Management

Logistics Management

Demand Planning: Forecasting and Demand Management

Sales and Operations Planning

Project Management

A: Advanced Methods for Project Scheduling

Sustainable Operations Management Preparing for the Future

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Exam 14: Materials and Resource Requirements Planning

In evaluating time-cost trade-offs,we start by crashing the task on the critical path that:

A project manager has discovered that three tasks are on the critical path for a particular project.She has developed the time estimates (in days)shown in the table below.Complete the table and determine the expected completion time for the project.

Task X has a best-case duration of 4 days,a worst-case duration of 10 days,and a most likely duration of 6 days.Using this information,we can estimate a 50 percent probability that the task will be completed in no more than how many days?

Given the tasks,estimated durations,and crash costs shown below,what would be the minimum cost to reduce the project by one day?

Task X has an 82 percent probability that it will be completed in 20 days or less.The standard deviation of its duration is five days.What is its expected duration?

Identify the critical path to completion for the project plan.

An estimate of the duration of a task that is based on a weighted average of a range of possible task durations is known as:

Task X has a most likely duration of 10 days,a best-case duration of 8 days,and a worst-case duration of 15 days.What is the probability that it will be completed in 12 days or less?

For a project with many task paths of nearly equal lengths,the best way to estimate the probabilities associated with project completion is:

A simple sequential project (each task must be completed before the next one can begin)has the time estimates (in days)shown below: What is the expected total time for the project?

Introduction to Managing Operations Across the Supply Chain

Operations and Supply Chain Strategy

Managing Processes and Capacity

A: Process Mapping and Analysis

Productprocess Innovation

Manufacturing and Service Process Structures

Managing Quality

A: Quality Improvement Tools

Managing Inventories

Lean Systems

Customer Service Management

Sourcing and Supply Management

Logistics Management

Demand Planning: Forecasting and Demand Management

Sales and Operations Planning

Project Management

A: Advanced Methods for Project Scheduling

Sustainable Operations Management Preparing for the Future

Filters