Question 1

What is the latest finish time for activity D in the following diagram?

Accepted Answer

A)  6 
B)  13 
C)  14 
D)  15 
A)  6 
B)  13 
C)  14 
D)  15

Question 2

Non-critical activities are distinguished by the presence of

Accepted Answer

A)  positive slack. 
B)  idle resources. 
C)  wasted time. 
D)  zero slack. 
A)  positive slack. 
B)  idle resources. 
C)  wasted time. 
D)  zero slack.

Question 3

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:
 $$\begin{array} { c c c } 
\text { Activity } & \begin{array} { c } 
\text { Days } \
\text { Required  } 
\end{array} & \begin{array} { c } 
\text { Predecessar } \
\text { Activities }
\end{array} \
\hline \text { A } & 5 & - \
B & 3 & \text { A } \
\text { C } & 4 & \text { A } \
\text { D } & 7 & B , C \
E & 6 & \text { C } \
F & 5 & \text { E } \
G & 4 & \text { D. F }
\end{array}$$
-Refer to Exhibit 15.3. Identify each path through the network and its expected length.

Accepted Answer

A-B-D-G = 19 DAYS
A-

Question 4

A company wants to use PERT to manage a project. They have developed the following spreadsheet for the problem. What formula should go in cell F3 of the spreadsheet to compute the Activity Time when simulating a PERT analysis?

Accepted Answer

=IF(E3F1F1F1S1F1F1F

Question 5

If the following project must be completed by day 18 at minimum cost how do we change the LP model?

Accepted Answer

A)  Enter 18 in cell E14. 
B)  Add a constraint that E14 F1F1F1S1F1F1F10 18. 
C)  Make cell E14 the target cell. 
D)  Add a constraint that E14 = 18. 
A)  Enter 18 in cell E14. 
B)  Add a constraint that E14 F1F1F1S1F1F1F10 18. 
C)  Make cell E14 the target cell. 
D)  Add a constraint that E14 = 18.

Question 6

Exhibit 15.5
The following questions use the information below.
A company wants to crash a project and reduce the time required to complete it. They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.
    
-Refer to Exhibit 15.5. What formula should go in cell I5 of the Model spreadsheet to compute Actual Time Between Starts?

Accepted Answer

=VLOOKUP(H5,$B$5:$D$

Question 7

Exhibit 15.4
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
 $$\begin{array} { c c c } 
\text { Activity } & \begin{array} { c } 
\text { Days } \
\text { Required }
\end{array} & \begin{array} { c } 
\text { Predecessar } \
\text { Activties }
\end{array} \
\hline \text { A } & 1 & - \
\text { B } & 4 & \text { A } \
\text { C } & 3 & B \
\text { D } & 3 & \mathrm { C } \
\text { E } & 2 & B \
\text { F } & 4 & E \
G & 2 & D . F
\end{array}$$
-Refer to Exhibit 15.4. Draw the CPM network for this problem. Use AON notation.

Accepted Answer

The answer of Exhibit 15.4
The following questions are based on...

Question 8

Exhibit 15.1
The following questions employ the AON network and partial spreadsheet below.
   $\begin{array}{|c|c|c|c|c|c|c|c|c|c|}
\hline & \text { A } & \text { B } & \text { C } & \mathrm{D} & \mathrm{E} & \mathrm{F} & \mathrm{G} & \mathrm{H} & \mathrm{I} \
\hline 1 & \text { Activity } & \text { Description } & \text { Predecessor } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \
\hline 2 & \text { A } & \text { Activity A } & & 4 & 0 & 4 & 0 & 4 & \
\hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & \
\hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & \
\hline 5 & \text { D } & \text { Activity D } & ? & 7 & ? & ? & ? & ? & \
\hline 6 & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & \
\hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & \
\hline 8 & \text { G } & \text { Activity G } & \text { E,F } & 3 & 16 & 19 & 16 & 19 & \
\hline
\end{array}$

-Refer to Exhibit 15.1. What values are placed in cell C5 of the spreadsheet?

Accepted Answer

A)  E, F 
B)  B 
C)  C 
D)  B, C 
A)  E, F 
B)  B 
C)  C 
D)  B, C

Question 9

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

Accepted Answer

A)  significance relationships. 
B)  precedence relationships. 
C)  tasks to complete. 
D)  task times. 
A)  significance relationships. 
B)  precedence relationships. 
C)  tasks to complete. 
D)  task times.

Question 10

What is the earliest start time for activity D in the following diagram?

Accepted Answer

A)  3 
B)  4 
C)  6 
D)  7 
A)  3 
B)  4 
C)  6 
D)  7

Question 11

Exhibit 15.1
The following questions employ the AON network and partial spreadsheet below.
   $\begin{array}{|c|c|c|c|c|c|c|c|c|c|}
\hline & \text { A } & \text { B } & \text { C } & \mathrm{D} & \mathrm{E} & \mathrm{F} & \mathrm{G} & \mathrm{H} & \mathrm{I} \
\hline 1 & \text { Activity } & \text { Description } & \text { Predecessor } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \
\hline 2 & \text { A } & \text { Activity A } & & 4 & 0 & 4 & 0 & 4 & \
\hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & \
\hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & \
\hline 5 & \text { D } & \text { Activity D } & ? & 7 & ? & ? & ? & ? & \
\hline 6 & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & \
\hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & \
\hline 8 & \text { G } & \text { Activity G } & \text { E,F } & 3 & 16 & 19 & 16 & 19 & \
\hline
\end{array}$

-Refer to Exhibit 15.1. What array formula is placed in cell H5 to calculate the Latest Finish Time?

Accepted Answer

A)  E2 + D2 
B)  MAX(IF(ISNUMBER(FIND($A$2:$A$8,C5)),$F$2:$F$8)) 
C)  H2 F1F1F1S1?F1F1F10 D2 
D)  MIN(IF(ISERR(FIND(A5,$C$5:$C$17)),MAX($F$5:$F$17),$G$5:$G$17)) 
A)  E2 + D2 
B)  MAX(IF(ISNUMBER(FIND($A$2:$A$8,C5)),$F$2:$F$8)) 
C)  H2 F1F1F1S1?F1F1F10 D2 
D)  MIN(IF(ISERR(FIND(A5,$C$5:$C$17)),MAX($F$5:$F$17),$G$5:$G$17))

Question 12

A weakness of Gantt charts is that they do not explicitly

Accepted Answer

A)  indicate activity times. 
B)  show precedence relationships. 
C)  show activity start times. 
D)  show activity finish times. 
A)  indicate activity times. 
B)  show precedence relationships. 
C)  show activity start times. 
D)  show activity finish times.

Question 13

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

Accepted Answer

A)  review each of the precedence relationships in the activity network. 
B)  calculate the slack time within each node on the activity network. 
C)  determine the earliest time each activity can start and finish. 
D)  determine the latest time each activity can start and finish. 
A)  review each of the precedence relationships in the activity network. 
B)  calculate the slack time within each node on the activity network. 
C)  determine the earliest time each activity can start and finish. 
D)  determine the latest time each activity can start and finish.

Question 14

The longest path through a network is comprised of the ____ activities.

Accepted Answer

A)  longest 
B)  essential 
C)  mandatory 
D)  critical 
A)  longest 
B)  essential 
C)  mandatory 
D)  critical

Question 15

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:
 $$\begin{array} { c c c } 
\text { Activity } & \begin{array} { c } 
\text { Days } \
\text { Required  } 
\end{array} & \begin{array} { c } 
\text { Predecessar } \
\text { Activities }
\end{array} \
\hline \text { A } & 5 & - \
B & 3 & \text { A } \
\text { C } & 4 & \text { A } \
\text { D } & 7 & B , C \
E & 6 & \text { C } \
F & 5 & \text { E } \
G & 4 & \text { D. F }
\end{array}$$
-Refer to Exhibit 15.3. Draw the CPM network for this problem. Use AON notation.

Accepted Answer

The answer of Exhibit 15.3
The following questions are based on...

Question 16

Exhibit 15.4
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
 $$\begin{array} { c c c } 
\text { Activity } & \begin{array} { c } 
\text { Days } \
\text { Required }
\end{array} & \begin{array} { c } 
\text { Predecessar } \
\text { Activties }
\end{array} \
\hline \text { A } & 1 & - \
\text { B } & 4 & \text { A } \
\text { C } & 3 & B \
\text { D } & 3 & \mathrm { C } \
\text { E } & 2 & B \
\text { F } & 4 & E \
G & 2 & D . F
\end{array}$$
-Refer to Exhibit 15.4. The following spreadsheet was developed to determine the earliest start times and latest start times for the project. What formulas should go into cells H2:H8 to calculate Latest Finish Times?
 $\begin{array}{|c|c|c|c|c|c|c|c|c|c|}
\hline & \text { A } & \text { B } & \text { C } & \mathrm{D} & \mathrm{E} & \mathrm{F} & \mathrm{G} & \mathrm{H} & \mathrm{I} \
\hline 1 & \text { Activity } & \text { Description } & \text { Predecessor } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \
\hline 2 & \text { A } & \text { Activity A } & & 1 & 0 & 1 & 0 & 1 & 0 \
\hline 3 & \text { B } & \text { Activity B } & \text { A } & 4 & 1 & 5 & 1 & 5 & 0 \
\hline 4 & \text { C } & \text { Activity C } & \text { B } & 3 & 5 & 8 & 5 & 8 & 0 \
\hline 5 & \text { D } & \text { Activity D } & \text { C } & 3 & 8 & 11 & 8 & 11 & 0 \
\hline 6 & \text { E } & \text { Activity E } & \text { B } & 2 & 5 & 7 & 5 & 7 & 0 \
\hline 7 & \text { F } & \text { Activity F } & \text { E } & 4 & 7 & 11 & 7 & 11 & 0 \
\hline 8 & \text { G } & \text { Activity G } & \text { D, F } & 2 & 11 & 13 & 11 & 13 & 0 \
\hline
\end{array}$

Accepted Answer

The answer of Exhibit 15.4
The following questions are based on...

Question 17

Which activities are critical in the following diagram?

Accepted Answer

A)  A, C, D, F 
B)  B, D, E 
C)  A, C, D, E 
D)  A, B, D, E, F 
A)  A, C, D, F 
B)  B, D, E 
C)  A, C, D, E 
D)  A, B, D, E, F

Question 18

Exhibit 15.4
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
 $$\begin{array} { c c c } 
\text { Activity } & \begin{array} { c } 
\text { Days } \
\text { Required }
\end{array} & \begin{array} { c } 
\text { Predecessar } \
\text { Activties }
\end{array} \
\hline \text { A } & 1 & - \
\text { B } & 4 & \text { A } \
\text { C } & 3 & B \
\text { D } & 3 & \mathrm { C } \
\text { E } & 2 & B \
\text { F } & 4 & E \
G & 2 & D . F
\end{array}$$
-Refer to Exhibit 15.4. 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?
 $\begin{array}{|c|c|c|c|c|c|c|c|c|c|}
\hline & \text { A } & \text { B } & \text { C } & \mathrm{D} & \mathrm{E} & \mathrm{F} & \mathrm{G} & \mathrm{H} & \mathrm{I} \
\hline 1 & \text { Activity } & \text { Description } & \text { Predlecessor } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \
\hline 2 & \text { A } & \text { Activity A } & & 1 & 0 & 1 & 0 & 1 & 0 \
\hline 3 & \text { B } & \text { Activity B } & \text { A } & 4 & 1 & 5 & 1 & 5 & 0 \
\hline 4 & \text { C } & \text { Activity C } & \text { B } & 3 & 5 & 8 & 5 & 8 & 0 \
\hline 5 & \text { D } & \text { Activity D } & \text { C } & 3 & 8 & 11 & 8 & 11 & 0 \
\hline 6 & \text { E } & \text { Activity E } & \text { B } & 2 & 5 & 7 & 5 & 7 & 0 \
\hline 7 & \text { F } & \text { Activity F } & \text { E } & 4 & 7 & 11 & 7 & 11 & 0 \
\hline 8 & \text { G } & \text { Activity G } & \text { D, F } & 2 & 11 & 13 & 11 & 13 & 0 \
\hline
\end{array}$

Accepted Answer

The answer of Exhibit 15.4
The following questions are based on...

Question 19

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

Accepted Answer

A)  A, B, C 
B)  B, C 
C)  E, F 
D)  E 
A)  A, B, C 
B)  B, C 
C)  E, F 
D)  E

Question 20

Exhibit 15.1
The following questions employ the AON network and partial spreadsheet below.
   $\begin{array}{|c|c|c|c|c|c|c|c|c|c|}
\hline & \text { A } & \text { B } & \text { C } & \mathrm{D} & \mathrm{E} & \mathrm{F} & \mathrm{G} & \mathrm{H} & \mathrm{I} \
\hline 1 & \text { Activity } & \text { Description } & \text { Predecessor } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \
\hline 2 & \text { A } & \text { Activity A } & & 4 & 0 & 4 & 0 & 4 & \
\hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & \
\hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & \
\hline 5 & \text { D } & \text { Activity D } & ? & 7 & ? & ? & ? & ? & \
\hline 6 & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & \
\hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & \
\hline 8 & \text { G } & \text { Activity G } & \text { E,F } & 3 & 16 & 19 & 16 & 19 & \
\hline
\end{array}$

-Refer to Exhibit 15.1. What array formula is placed in cell E5 to calculate the Earliest Start Time?

Accepted Answer

A)  E2 + D2 
B)  MAX(IF(ISERR(FIND($A$5:$A$17,C5)),0,$F$5:$F$17)) 
C)  H2 F1F1F1S1?F1F1F10 D2 
D)  MIN(IF(ISNUMBER(FIND(A5,$C$2:$C$8)),$G$2:$G$8)) 
A)  E2 + D2 
B)  MAX(IF(ISERR(FIND($A$5:$A$17,C5)),0,$F$5:$F$17)) 
C)  H2 F1F1F1S1?F1F1F10 D2 
D)  MIN(IF(ISNUMBER(FIND(A5,$C$2:$C$8)),$G$2:$G$8))

What is the latest finish time for activity D in the following diagram?

Non-critical activities are distinguished by the presence of

A company wants to use PERT to manage a project. They have developed the following spreadsheet for the problem. What formula should go in cell F3 of the spreadsheet to compute the Activity Time when simulating a PERT analysis?

If the following project must be completed by day 18 at minimum cost how do we change the LP model?

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

What is the earliest start time for activity D in the following diagram?

A weakness of Gantt charts is that they do not explicitly

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

The longest path through a network is comprised of the ____ activities.

Which activities are critical in the following diagram?

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

Introduction to Modeling and Decision Analysis

Introduction to Optimization and Linear Programming

Modeling and Solving Lp Problems in a Spreadsheet

Sensitivity Analysis and the Simplex Method

Network Modeling

Integer Linear Programming

Goal Programming and Multiple Objective Optimization

Nonlinear Programming and Evolutionary Optimization

Regression Analysis

Discriminant Analysis

Time Series Forecasting

Introduction to Simulation Using Risk Solver Platform

Queuing Theory

Decision Analysis

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Exam 15: Project Management Online

What is the latest finish time for activity D in the following diagram?

Non-critical activities are distinguished by the presence of

A company wants to use PERT to manage a project. They have developed the following spreadsheet for the problem. What formula should go in cell F3 of the spreadsheet to compute the Activity Time when simulating a PERT analysis?

If the following project must be completed by day 18 at minimum cost how do we change the LP model?

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

What is the earliest start time for activity D in the following diagram?

A weakness of Gantt charts is that they do not explicitly

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

The longest path through a network is comprised of the ____ activities.

Which activities are critical in the following diagram?

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

Introduction to Modeling and Decision Analysis

Introduction to Optimization and Linear Programming

Modeling and Solving Lp Problems in a Spreadsheet

Sensitivity Analysis and the Simplex Method

Network Modeling

Integer Linear Programming

Goal Programming and Multiple Objective Optimization

Nonlinear Programming and Evolutionary Optimization

Regression Analysis

Discriminant Analysis

Time Series Forecasting

Introduction to Simulation Using Risk Solver Platform

Queuing Theory

Decision Analysis

Filters