Exam 8: Managing Projects

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Assume that activity G has the following times: Early start time = 7 days Early finish time = 13 days Late start time = 15 days Late finish time = 21 days Which of the following statements is TRUE about activity G?

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Table 3.4 Activity Immediate Predecessor(s) Time (weeks) A \@cdots 2 B \@cdots 2 C \@cdots 2 D A 2 E B 2 F B 2 G C 2 H E 2 I F 2 J D 2 K I 2 L K,H 2 M G 2 N L, J 2 -Using Table 3.4,the expected time to complete the whole project is

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Table 3.8 Activity Immediate Predecessor(s) Time (weeks) A \@cdots 3 B \@cdots 4 C A,B 5 D A 6 E 4 F , 2 -Using Table 3.8,what is the earliest completion time of the project?

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The ________ is the sequence of activities between a project's start and finish that takes the longest time to complete.

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If a project has multiple critical paths,which of the following variances should be used in analyzing project completion time probabilities?

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A hierarchical approach to developing a work breakdown structure (WBS)for a project involves breaking major work tasks down into smaller tasks.

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Explain how cost-time tradeoffs should be analyzed for projects.

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In an activity-on-node (AON)network,the nodes represent ________ whereas the arcs represent ________.

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Table 3.11 You are responsible for managing a project with the following activities (times are given in days). Activity Expected Time Immediate Predecessor(s) A 3 \@cdots B 6 -\@cdots C 2 \@cdots D 5 A E 2 C F 7 A G 4 B,D,E -Using,Table 3.11,what is the critical path and expected completion time for this project?

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Table 3.3 Activity Immediate Predecessor(s) Time (weeks) A \@cdots 3 B \@cdots 3 C \@cdots 3 D B 4 E A,C 4 F B 4 G H E 5 I E 5 -Using Table 3.3,what is the earliest completion time for this project?

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The network diagram is a planning method that is designed to depict the relationships between activities.

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In planning projects,the acronym WBS stands for "work behind schedule."

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The additional cost associated with reducing an activity time is called ________.

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The critical path is the sequence of activities between a project's start and finish that take the shortest time to complete.

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Table 3.1 Time (weeks) Activity Immediate Predecessor(s) Most Optimistic Most Likely Most Pessimistic A -1 1 2 3 B A 2 4 12 C A 1 2 3 D B 6 7 8 E B,C 10 12 14 F D 2 3 4 G E,F 1 5 15 H A 2 5 14 -Using Table 3.1,which activity will have the largest amount of slack?

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Discuss the importance of establishing the scope,time frame,and resources to be allocated to a project before the project is actually started.

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A Gantt chart is a project schedule that superimposes project activities on a time line.

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Table 3.8 Activity Immediate Predecessor(s) Time (weeks) A \@cdots 3 B \@cdots 4 C A,B 5 D A 6 E 4 F , 2 -Using Table 3.8,what is the slack for activity A?

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________ refers to a network planning method created for the U.S.Navy's Polaris missile project.

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Standard computerized scheduling packages are rarely used for project management.

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