Exam 5: Projects

Below are the data for a Time-Cost CPM Scheduling model analysis. The time is in days and the costs include both direct and indirect costs. If you crash this project to reduce the total time by one day what is the total time of the project and total cost?

You are looking at a chart that has the terms BCWS, BCWP, and AC indicating lines on the chart. What kind of chart are you looking at?

The critical path in a CPM analysis is found by locating the activities times with zero slack.

In a project analysis using three time estimates with more than one critical path existing, how does the project manager decide which variances to use in arriving at the probability of meeting the project due date?

A simple project listing of five activities, their predecessors, and their respective time estimates are presented below: Using the CPM, which activities have slack in this project? (Select all that apply.)

In a CPM analysis if you subtract the early start from the late start the result is the activity's slack time.

Using the Time-Cost CPM model, the crash time is the shortest possible time allowed for each activity in the project.

A matrix project attempts to blend properties of functional and pure project structures.

You have just used the network planning model and found the critical path length is 30 days and the variance of the critical path is 25 days. The probability that the project will be completed in 33 days or less is equal to (2 decimal accuracy)

In the Time-Cost CPM model, cost is assumed to be a linear function of time.

A project can be subdivided into which of the following?

In a CPM analysis if you subtract the late finish from the early finish the result is the activity's slack time.

One of the disadvantages of a pure project organizational structure is that the project manager has full authority over the project.

One of the assumptions made using CPM is that project activities can be identified with clear beginning and ending points.

The major goal of critical path analysis is to:

The fact that organizations are flattening is one of the reasons that project management is important.

The valuations in an Earned Value Management analysis must be either profits or revenue.

You know when you have arrived at the optimal solution in using the Time-Cost CPM Scheduling model analysis when what happens?

In a Gantt chart the horizontal axis is usually which of the following?

You have just used the network planning model for a county road resurfacing project and found the critical path length is 40 days and the standard deviation of the critical path is 10 days. Suppose you want to pick a time (in days) within which you will complete the project with 90% confidence level, what should be that time (in days and round to the nearest whole number.)