Exam 15: Project Management Online

Exhibit 15.3 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities: Activity Days Required Predecessar Activities A 5 - B 3 A C 4 A D 7 B,C E 6 C F 5 E G 4 D. F -Refer to Exhibit 15.3. The following spreadsheet was developed to determine the earliest start times and latest start times for the project. Based on the data in the spreadsheet, which activities are on the critical path? A B C 1 Activity Description Predecessor Time EST EFT LST LFT Slack 2 A Activity A 5 0 5 0 5 0 3 B Activity B A 3 5 8 10 13 5 4 C Activity C A 4 5 9 5 9 0 5 D Activity D B,C 7 9 16 13 20 4 6 E Activity E C 6 9 15 9 15 0 7 F Activity F E 5 15 20 15 20 0 8 G Activity G D, F 4 20 24 20 24 0

A strength of Gantt charts is that they

The purpose of the backward pass in the Critical Path Method (CPM) technique is to

How many paths are there in the following project precedence network?

The term "time zero" identifies

Exhibit 15.6 The following questions use the information below. Consider the CPM network for the following set of activities: Activity Predecessor Activities A \@cdots B A C A,B D A,B E A,B,C F A,B,C G A,B,C,D H A,B,D I A,B,C,D,FG -Refer to Exhibit 15.6. Is it necessary to draw an arc from the node for activity A to the node for activity C?

If we are employing Activity-On-Node (AON) network design, the arcs in the network diagram represent

Exhibit 15.2 The following questions employ the AON network and completed spreadsheet below. A B C 1 Activity Description Predecessor Time EST EFT LST LFT Slack 2 A Activity A 4 0 4 0 4 0 3 B Activity B A 3 4 7 4 7 0 4 C Activity C A 2 4 6 5 7 1 5 D Activity D B,C 7 7 14 7 14 0 6 E Activity E D 1 14 15 15 16 1 7 F Activity F D 2 14 16 14 16 0 8 G Activity G E,F 3 16 19 16 19 0 -Refer to Exhibit 15.2. Which of the following activities is not on the critical path for the network?

What are the immediate predecessors of activity D in this network?

Exhibit 15.3 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities: Activity Days Required Predecessar Activities A 5 - B 3 A C 4 A D 7 B,C E 6 C F 5 E G 4 D. F -Refer to Exhibit 15.3. Manually determine the earliest and latest start and finish times for each activity and the amount of slack for each activity. What is the critical path for the project and how long should it take to complete it?

What formula should go in cell H3 of the following spreadsheet to compute Crash Cost Per Day?

Critical activities are distinguished by the presence of

Shortening the activity completion time is called

In a PERT network the time required to complete a path is a(n)

Exhibit 15.6 The following questions use the information below. Consider the CPM network for the following set of activities: Activity Predecessor Activities A \@cdots B A C A,B D A,B E A,B,C F A,B,C G A,B,C,D H A,B,D I A,B,C,D,FG -Refer to Exhibit 15.6. Modify the table above by completing the following table. For column 3, list only the immediate predecessors for each activity. Activity Predecessor Activities Immediate Predecessors A \@cdots -- B A A C A,B B D A,B B E A,B,C F A,B,C G A, B,C,D H A,B,D I A,B,C,D.FG

Which of the following correctly describes the focus of the Critical Path Method (CPM)?

A company wants to use PERT to manage a project. They have developed the following spreadsheet for the problem. If The Risk Solver Platform (RSP) is used, what formula should go in cell F3 of the spreadsheet to compute the Activity Time when simulating a PERT analysis?

What is the formula for the earliest finish time for activity i?

Exhibit 15.3 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities: Activity Days Required Predecessar Activities A 5 - B 3 A C 4 A D 7 B,C E 6 C F 5 E G 4 D. F -Refer to Exhibit 15.3. The following spreadsheet was developed to determine the earliest start times and latest start times for the project. What formulas should go into cells E2:E8 to calculate Earliest Start Times? A B C 1 Activity Description Predecessor Time EST EFT LST LFT Slack 2 A Activity A 5 0 5 0 5 0 3 B Activity B A 3 5 8 10 13 5 4 C Activity C A 4 5 9 5 9 0 5 D Activity D B,C 7 9 16 13 20 4 6 E Activity E C 6 9 15 9 15 0 7 F Activity F E 5 15 20 15 20 0 8 G Activity G D, F 4 20 24 20 24 0

Exhibit 15.6 The following questions use the information below. Consider the CPM network for the following set of activities: Activity Predecessor Activities A \@cdots B A C A,B D A,B E A,B,C F A,B,C G A,B,C,D H A,B,D I A,B,C,D,FG -Refer to Exhibit 15.6. Is it necessary to draw an arc from the node for activity F to the node for activity I?