Exam 15: Project Management Online

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: Activity Days Required Predecessar Activties A 1 - B 4 A C 3 B D 3 E 2 B F 4 E G 2 D.F -Refer to Exhibit 15.4. 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?

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: Activity Days Required Predecessar Activties A 1 - B 4 A C 3 B D 3 E 2 B F 4 E G 2 D.F -Refer to Exhibit 15.4. 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? 1 Activity Description Predecessor Time EST EFT LST LFT Slack 2 A Activity A 1 0 1 0 1 0 3 B Activity B A 4 1 5 1 5 0 4 C Activity C B 3 5 8 5 8 0 5 D Activity D C 3 8 11 8 11 0 6 E Activity E B 2 5 7 5 7 0 7 F Activity F E 4 7 11 7 11 0 8 G Activity G D, F 2 11 13 11 13 0

Which of the following definitions correctly defines the acronym, PERT?

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: Activity Days Required Predecessar Activties A 1 - B 4 A C 3 B D 3 E 2 B F 4 E G 2 D.F -Refer to Exhibit 15.4. Identify each path through the network and its expected length.

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 H2:H8 to calculate Latest Finish 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 15.3 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 F2:F8 to calculate Earliest Finish Times, G2:G8 to calculate Latest Start Times, and cells I2:I8 to calculate the Slack? A B C 1 Activity Description Predlecessor 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

One of PERT's bold assumptions is that

Which of the following correctly describes the focus of the Program Evaluation and Review Technique (PERT)?

There are various similarities between the CPM and PERT methods. Which of the following is not one of those similarities?

Slack represents the amount of time by which an activity can be delayed without delaying the entire project, assuming that

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. What formula is placed in cell G5 to calculate the Latest Start Time?

What formula should go in cell I5 of the following spreadsheet to compute Actual Time Between Starts?

Slack for activity I is computed as

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: Activity Days Required Predecessar Activties A 1 - B 4 A C 3 B D 3 E 2 B F 4 E G 2 D.F -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 F2:F8 to calculate Earliest Finish Times, G2:G8 to calculate Latest Start Times, and cells I2:I8 to calculate the Slack? A B C 1 Activity Description Predecessor Time EST EFT LST LFT Slack 2 A Activity A 1 0 1 0 1 0 3 B Activity B A 4 1 5 1 5 0 4 C Activity C B 3 5 8 5 8 0 5 D Activity D C 3 8 11 8 11 0 6 E Activity E B 2 5 7 5 7 0 7 F Activity F E 4 7 11 7 11 0 8 G Activity G D, F 2 11 13 11 13 0

The critical path in PERT analysis is the path with the

Which activities have slack in the following diagram?

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

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 H3 of the Costs spreadsheet to compute Crash Cost Per Day?

Which of the following is true regarding projects?

Activity-on-Arc (AOA) networks do not allow multiple arcs with common start and finish nodes. If this must be represented, how is an AOA network modified?