Question 1

What is a work breakdown structure?

Accepted Answer

A)  A list of the activities making up the higher levels of the project 
B)  A definition of the hierarchy of project tasks, subtasks, and work packages 
C)  A depiction of the activities making up a project 
D)  A Gantt chart 
E)  A structure that is incompatible with the Critical Path Method 
A)  A list of the activities making up the higher levels of the project 
B)  A definition of the hierarchy of project tasks, subtasks, and work packages 
C)  A depiction of the activities making up a project 
D)  A Gantt chart 
E)  A structure that is incompatible with the Critical Path Method B

Question 2

The critical path in a CPM analysis is always the shortest path through the network.

Accepted Answer

A) True 
 B)False  False

Question 3

Slack activity time is the difference between the early start and the late finish of a project activity time.

Accepted Answer

A) True 
 B)False  False

Question 4

A simple project listing of five activities and their respective time estimates are presented below:   Using CPM, which activities make up the critical path?

Accepted Answer

A)  A, C, D, E 
B)  A, B, D, E 
C)  A, C, B, D, E 
D)  A, D, E 
E)  None of these 
A)  A, C, D, E 
B)  A, B, D, E 
C)  A, C, B, D, E 
D)  A, D, E 
E)  None of these

Question 5

Breakthrough projects are those that provide fundamental improvements to existing products.

Accepted Answer

A) True 
 B)False

Question 6

For an activity in a CPM analysis the early finish time is 20 and the late finish time is 20. Which of the following statements is true?

Accepted Answer

A)  The activity's late start must happen before its early start 
B)  The activity is on the critical path 
C)  The slack for this activity is 20 
D)  The duration of this task is zero 
E)  The duration of this task is 20 
A)  The activity's late start must happen before its early start 
B)  The activity is on the critical path 
C)  The slack for this activity is 20 
D)  The duration of this task is zero 
E)  The duration of this task is 20

Question 7

You have the following time and cost information below for use in a Time-Cost CPM Scheduling model. What are the three costs per unit of time to expedite each activity?

Accepted Answer

A)  A = $300, B = $200, C = $300 
B)  A = $100, B = $200, C = $400 
C)  A = $200, B = $200, C = $200 
D)  A = $100, B = $400, C = $300 
E)  A = $200, B = $300, C = $400 
A)  A = $300, B = $200, C = $300 
B)  A = $100, B = $200, C = $400 
C)  A = $200, B = $200, C = $200 
D)  A = $100, B = $400, C = $300 
E)  A = $200, B = $300, C = $400

Question 8

A work breakdown structure is used in project management but it is not used when the critical path method is involved.

Accepted Answer

A) True 
 B)False

Question 9

You have just been assigned to oversee a series of projects. Functional areas will loan you personnel for each project and separate project managers will be responsible for separate projects. These project managers will report to you. Which project management structure is being used?

Accepted Answer

A)  Pure Project 
B)  Task force 
C)  Matrix Project 
D)  Functional Project 
E)  PERT 
A)  Pure Project 
B)  Task force 
C)  Matrix Project 
D)  Functional Project 
E)  PERT

Question 10

A project milestone is a specific event to be reached by a particular point in time.

Accepted Answer

A) True 
 B)False

Question 11

Some of the advantages of a functional project where the project is housed in a functional division include which of the following?

Accepted Answer

A)  The project manager has full authority over the project 
B)  Team pride, motivation, and commitment are high 
C)  A team member can work on several projects 
D)  Needs of the client are secondary 
E)  None of these 
A)  The project manager has full authority over the project 
B)  Team pride, motivation, and commitment are high 
C)  A team member can work on several projects 
D)  Needs of the client are secondary 
E)  None of these

Question 12

The second step in managing a project is writing the statement of work.

Accepted Answer

A) True 
 B)False

Question 13

You have just used the network planning model and found the critical path length is 60 days and there are two critical paths. The standard deviation of the first critical path is 10 days and the s.d. of the second critical path is 15 days. The probability that the project will be completed in 70 days or less is equal to (2 decimal accuracy)

Accepted Answer

A)  0.84 
B)  0.25 
C)  0.16 
D)  0.75 
E)  0.66 
A)  0.84 
B)  0.25 
C)  0.16 
D)  0.75 
E)  0.66

Question 14

A disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.

Accepted Answer

A) True 
 B)False

Question 15

One of the assumptions made using CPM is that project activity sequence relationships can be specified and networked.

Accepted Answer

A) True 
 B)False

Question 16

A listing of immediate predecessor activities is important information in a CPM analysis for which of the following reasons?

Accepted Answer

A)  It specifies the relationships in the CPM network of activities 
B)  It provides useful timing information 
C)  It includes cost information 
D)  It is the probability information required in the final step of CPM 
E)  None of these 
A)  It specifies the relationships in the CPM network of activities 
B)  It provides useful timing information 
C)  It includes cost information 
D)  It is the probability information required in the final step of CPM 
E)  None of these

Question 17

A simple project listing of five activities, their predecessors, and their respective time estimates are presented below:   Using CPM, what is the Latest Finish Time for the last activity in this project (i.e., the total time to complete the project)?

Accepted Answer

A)  10 days 
B)  7 days 
C)  8 days 
D)  12 days 
E)  9 days 
A)  10 days 
B)  7 days 
C)  8 days 
D)  12 days 
E)  9 days

Question 18

A matrix project structure is often referred to as a "skunkworks."

Accepted Answer

A) True 
 B)False

Question 19

An advantage of a pure project where self-contained teams work full time on a project is which of the following?

Accepted Answer

A)  Team members can work on several projects 
B)  Functional area is a "home" after the project is completed 
C)  There are duplicated resources 
D)  Lines of communication are shortened 
E)  Overall organizational policies and goals can be ignored 
A)  Team members can work on several projects 
B)  Functional area is a "home" after the project is completed 
C)  There are duplicated resources 
D)  Lines of communication are shortened 
E)  Overall organizational policies and goals can be ignored

Question 20

CPM is an abbreviation for critical path method.

Accepted Answer

A) True 
 B)False

What is a work breakdown structure?

The critical path in a CPM analysis is always the shortest path through the network.

Slack activity time is the difference between the early start and the late finish of a project activity time.

A simple project listing of five activities and their respective time estimates are presented below: Using CPM, which activities make up the critical path?

Breakthrough projects are those that provide fundamental improvements to existing products.

For an activity in a CPM analysis the early finish time is 20 and the late finish time is 20. Which of the following statements is true?

You have the following time and cost information below for use in a Time-Cost CPM Scheduling model. What are the three costs per unit of time to expedite each activity?

A work breakdown structure is used in project management but it is not used when the critical path method is involved.

You have just been assigned to oversee a series of projects. Functional areas will loan you personnel for each project and separate project managers will be responsible for separate projects. These project managers will report to you. Which project management structure is being used?

A project milestone is a specific event to be reached by a particular point in time.

Some of the advantages of a functional project where the project is housed in a functional division include which of the following?

The second step in managing a project is writing the statement of work.

A disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.

One of the assumptions made using CPM is that project activity sequence relationships can be specified and networked.

A listing of immediate predecessor activities is important information in a CPM analysis for which of the following reasons?

A simple project listing of five activities, their predecessors, and their respective time estimates are presented below: Using CPM, what is the Latest Finish Time for the last activity in this project (i.e., the total time to complete the project)?

A matrix project structure is often referred to as a "skunkworks."

An advantage of a pure project where self-contained teams work full time on a project is which of the following?

CPM is an abbreviation for critical path method.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Manufacturing Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics, and Distribution

Filters

Exam 5: Projects

What is a work breakdown structure?

The critical path in a CPM analysis is always the shortest path through the network.

Slack activity time is the difference between the early start and the late finish of a project activity time.

A simple project listing of five activities and their respective time estimates are presented below: Using CPM, which activities make up the critical path?

Breakthrough projects are those that provide fundamental improvements to existing products.

For an activity in a CPM analysis the early finish time is 20 and the late finish time is 20. Which of the following statements is true?

You have the following time and cost information below for use in a Time-Cost CPM Scheduling model. What are the three costs per unit of time to expedite each activity?

A work breakdown structure is used in project management but it is not used when the critical path method is involved.

You have just been assigned to oversee a series of projects. Functional areas will loan you personnel for each project and separate project managers will be responsible for separate projects. These project managers will report to you. Which project management structure is being used?

A project milestone is a specific event to be reached by a particular point in time.

Some of the advantages of a functional project where the project is housed in a functional division include which of the following?

The second step in managing a project is writing the statement of work.

A disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.

One of the assumptions made using CPM is that project activity sequence relationships can be specified and networked.

A listing of immediate predecessor activities is important information in a CPM analysis for which of the following reasons?

A simple project listing of five activities, their predecessors, and their respective time estimates are presented below: Using CPM, what is the Latest Finish Time for the last activity in this project (i.e., the total time to complete the project)?

A matrix project structure is often referred to as a "skunkworks."

An advantage of a pure project where self-contained teams work full time on a project is which of the following?

CPM is an abbreviation for critical path method.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Manufacturing Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics, and Distribution

Filters