Question 1

Colson Corp.has planned a simple project with four tasks.The task information for the project is shown below:   Does any task have slack? If so,how much?

Accepted Answer

A) None of the tasks have slack. 
B) Task B has three days of slack. 
C) Task C has four days of slack. 
D) Task D has two days of slack. 
E) Task C has three days of slack. 
A) None of the tasks have slack. 
B) Task B has three days of slack. 
C) Task C has four days of slack. 
D) Task D has two days of slack. 
E) Task C has three days of slack. E

Question 2

Why do businesses often NOT pursue the best mix of projects in their project portfolio?

Accepted Answer

A) Projects are selected based on criteria that are not always consistent with the business strategy. 
B) Businesses do not use enough financial metrics in selecting projects. 
C) Too much emphasis is placed on feasibility. 
D) Selection committees neglect to use a portfolio value matrix. 
A) Projects are selected based on criteria that are not always consistent with the business strategy. 
B) Businesses do not use enough financial metrics in selecting projects. 
C) Too much emphasis is placed on feasibility. 
D) Selection committees neglect to use a portfolio value matrix. A

Question 3

The network diagram below shows the five tasks required to complete a project and the associated times for those tasks.   What is the earliest completion of the project diagrammed?

Accepted Answer

A) 23 weeks 
B) 24 weeks 
C) 28 weeks 
D) 37 weeks 
A) 23 weeks 
B) 24 weeks 
C) 28 weeks 
D) 37 weeks B

Question 4

Which of the following items should be included in a business case for a project?

Accepted Answer

A) Fit with the organization's strategy and other projects. 
B) Financial returns or other benefits. 
C) Feasibility. 
D) All of these items should be included in a business case. 
A) Fit with the organization's strategy and other projects. 
B) Financial returns or other benefits. 
C) Feasibility. 
D) All of these items should be included in a business case.

Question 5

Which of the following best describes the overall goal of project portfolio management?

Accepted Answer

A) Maximize support of business strategy while minimizing risk. 
B) Maximize innovation at an affordable cost. 
C) Ensure that all projects are selected using the same criteria. 
D) Select projects that can easily be terminated if not successful. 
A) Maximize support of business strategy while minimizing risk. 
B) Maximize innovation at an affordable cost. 
C) Ensure that all projects are selected using the same criteria. 
D) Select projects that can easily be terminated if not successful.

Question 6

Nearly all projects seem to go through the same phases in the following sequence:

Accepted Answer

A) Planning,definition,execution,and completion 
B) Definition,planning,delivering,and closing 
C) Definition,planning,execution,and completion 
D) Selection,planning,delivering,and completion 
A) Planning,definition,execution,and completion 
B) Definition,planning,delivering,and closing 
C) Definition,planning,execution,and completion 
D) Selection,planning,delivering,and completion

Question 7

Which of the following is a project?

Accepted Answer

A) The operation of a tollbooth on a highway. 
B) The construction of a ship. 
C) Balancing your checkbook at the end of each month. 
D) Inspecting the quality of units being produced. 
A) The operation of a tollbooth on a highway. 
B) The construction of a ship. 
C) Balancing your checkbook at the end of each month. 
D) Inspecting the quality of units being produced.

Question 8

Which of the following statements about projects and project management is NOT true?

Accepted Answer

A) A project is typically a one-time event. 
B) Completing a project within budget is the most critical criterion for project success. 
C) Projects are typically staffed with people from several different functional areas who may have more loyalty to their function than to the project. 
D) None of the statements are true. 
A) A project is typically a one-time event. 
B) Completing a project within budget is the most critical criterion for project success. 
C) Projects are typically staffed with people from several different functional areas who may have more loyalty to their function than to the project. 
D) None of the statements are true.

Question 9

Which of the following statements is true of projects?

Accepted Answer

A) Projects usually involve greater unknowns and uncertainty than repeated routine operations do. 
B) Projects are usually more important than repeated routine operations. 
C) Once a project plan is made,it is impossible to simultaneously improve the speed,quality,and cost of a project. 
D) Technological factors are almost always more important than social factors in affecting project success. 
A) Projects usually involve greater unknowns and uncertainty than repeated routine operations do. 
B) Projects are usually more important than repeated routine operations. 
C) Once a project plan is made,it is impossible to simultaneously improve the speed,quality,and cost of a project. 
D) Technological factors are almost always more important than social factors in affecting project success.

Question 10

Which of the following are factors affecting the success of a project?

Accepted Answer

A) Experience and authority of team members. 
B) Equipment,facilities,and communications systems. 
C) Organizational structure and reward systems. 
D) All items are correct. 
A) Experience and authority of team members. 
B) Equipment,facilities,and communications systems. 
C) Organizational structure and reward systems. 
D) All items are correct.

Question 11

The forward pass in a critical path algorithm involves:

Accepted Answer

A) Calculating the late finish and late start for each task. 
B) Calculating the late finish and the earliest possible start times for each task. 
C) Calculating the earliest possible start and finish times for each task. 
D) Calculating the earliest possible start and late start for each task. 
A) Calculating the late finish and late start for each task. 
B) Calculating the late finish and the earliest possible start times for each task. 
C) Calculating the earliest possible start and finish times for each task. 
D) Calculating the earliest possible start and late start for each task.

Question 12

Where in a project schedule is a good place to plan a buffer?

Accepted Answer

A) Immediately after a highly uncertain task. 
B) Where scarce resources are needed. 
C) At the end of the project. 
D) All of these are good places to plan buffers. 
A) Immediately after a highly uncertain task. 
B) Where scarce resources are needed. 
C) At the end of the project. 
D) All of these are good places to plan buffers.

Question 13

Why does project management often involve the management of conflict?

Accepted Answer

A) Projects often compete with routine operations and other projects for resources and personnel. 
B) Project managers are under greater pressures than other managers in a firm. 
C) Projects are often staffed with the personnel who have the least expertise. 
D) All items are correct. 
A) Projects often compete with routine operations and other projects for resources and personnel. 
B) Project managers are under greater pressures than other managers in a firm. 
C) Projects are often staffed with the personnel who have the least expertise. 
D) All items are correct.

Question 14

The network diagram below shows the five tasks required to complete a project and the associated times for those tasks.   What is the latest start date for task C?

Accepted Answer

A) Two weeks 
B) Seven weeks 
C) Six weeks 
D) Five weeks 
A) Two weeks 
B) Seven weeks 
C) Six weeks 
D) Five weeks

Question 15

Which of the following factors is NOT typically considered a best practice for creating a high-performing project team?

Accepted Answer

A) Team members are volunteers. 
B) Team members serve on the project from beginning to end. 
C) Team members are from the same functional area. 
D) Team members are collocated. 
A) Team members are volunteers. 
B) Team members serve on the project from beginning to end. 
C) Team members are from the same functional area. 
D) Team members are collocated.

Question 16

Typically the resources required during a project's life are greatest in which stage of its life?

Accepted Answer

A) Planning 
B) Definition 
C) Completion 
D) Execution 
A) Planning 
B) Definition 
C) Completion 
D) Execution

Question 17

Given the project plan shown below,what is the latest start for Task B?

Accepted Answer

A) Zero days (must start immediately) 
B) One day 
C) Two days 
D) Three days 
A) Zero days (must start immediately) 
B) One day 
C) Two days 
D) Three days

Question 18

What is a key factor that must be considered when an organization evaluates the potential of a project?

Accepted Answer

A) The project's fit with overall organizational strategy. 
B) The availability of resources to execute the project. 
C) The business justification for investing in the project. 
D) All items are correct. 
A) The project's fit with overall organizational strategy. 
B) The availability of resources to execute the project. 
C) The business justification for investing in the project. 
D) All items are correct.

Question 19

Given the project plan shown below,what is the expected completion time for the critical path?

Accepted Answer

A) 34 days 
B) 21 days 
C) 16 days 
D) 18 days 
A) 34 days 
B) 21 days 
C) 16 days 
D) 18 days

Question 20

Which of the following is NOT a good reason to kill a project?

Accepted Answer

A) Consistent budget and schedule overruns. 
B) Inadequate resources to complete the project successfully. 
C) Personnel problems on the project. 
D) The project objectives are no longer of value to the firm. 
A) Consistent budget and schedule overruns. 
B) Inadequate resources to complete the project successfully. 
C) Personnel problems on the project. 
D) The project objectives are no longer of value to the firm.

Colson Corp.has planned a simple project with four tasks.The task information for the project is shown below: Does any task have slack? If so,how much?

Why do businesses often NOT pursue the best mix of projects in their project portfolio?

The network diagram below shows the five tasks required to complete a project and the associated times for those tasks. What is the earliest completion of the project diagrammed?

Which of the following items should be included in a business case for a project?

Which of the following best describes the overall goal of project portfolio management?

Nearly all projects seem to go through the same phases in the following sequence:

Which of the following is a project?

Which of the following statements about projects and project management is NOT true?

Which of the following statements is true of projects?

Which of the following are factors affecting the success of a project?

The forward pass in a critical path algorithm involves:

Where in a project schedule is a good place to plan a buffer?

Why does project management often involve the management of conflict?

The network diagram below shows the five tasks required to complete a project and the associated times for those tasks. What is the latest start date for task C?

Which of the following factors is NOT typically considered a best practice for creating a high-performing project team?

Typically the resources required during a project's life are greatest in which stage of its life?

Given the project plan shown below,what is the latest start for Task B?

What is a key factor that must be considered when an organization evaluates the potential of a project?

Given the project plan shown below,what is the expected completion time for the critical path?

Which of the following is NOT a good reason to kill a 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

Materials and Resource Requirements Planning

Project Management

A: Advanced Methods for Project Scheduling

Sustainable Operations Management Preparing for the Future

Filters

Exam 13: Sales and Operations Planning

Colson Corp.has planned a simple project with four tasks.The task information for the project is shown below: Does any task have slack? If so,how much?

Why do businesses often NOT pursue the best mix of projects in their project portfolio?

The network diagram below shows the five tasks required to complete a project and the associated times for those tasks. What is the earliest completion of the project diagrammed?

Which of the following items should be included in a business case for a project?

Which of the following best describes the overall goal of project portfolio management?

Nearly all projects seem to go through the same phases in the following sequence:

Which of the following is a project?

Which of the following statements about projects and project management is NOT true?

Which of the following statements is true of projects?

Which of the following are factors affecting the success of a project?

The forward pass in a critical path algorithm involves:

Where in a project schedule is a good place to plan a buffer?

Why does project management often involve the management of conflict?

The network diagram below shows the five tasks required to complete a project and the associated times for those tasks. What is the latest start date for task C?

Which of the following factors is NOT typically considered a best practice for creating a high-performing project team?

Typically the resources required during a project's life are greatest in which stage of its life?

Given the project plan shown below,what is the latest start for Task B?

What is a key factor that must be considered when an organization evaluates the potential of a project?

Given the project plan shown below,what is the expected completion time for the critical path?

Which of the following is NOT a good reason to kill a 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

Materials and Resource Requirements Planning

Project Management

A: Advanced Methods for Project Scheduling

Sustainable Operations Management Preparing for the Future

Filters