Question 1

In the context of the Project Evaluation and Review Technique (PERT), which of the following is true of the beta probability distribution approach?

Accepted Answer

A)  It allows managers to identify the best case, worst case, and most likely case for activity times. 
B)  It describes the inherent similarity in the optimistic, most probable, and pessimistic time estimates. 
C)  It is rigid in characterizing the distribution of times. 
D)  It forces activity times to a symmetric normal probability distribution. 
A)  It allows managers to identify the best case, worst case, and most likely case for activity times. 
B)  It describes the inherent similarity in the optimistic, most probable, and pessimistic time estimates. 
C)  It is rigid in characterizing the distribution of times. 
D)  It forces activity times to a symmetric normal probability distribution. A

Question 2

Rose is in charge of advertising a new product launched by her company. She has defined the advertising for this product as an individual project that consists of seven activities. Following are the characteristics of these activities: 
$\begin{array}{|l|l|l|}
\hline \text { Activity } & \text { Immediate Predecessor(s) } & \text { Activity Time(in weeks) } \
\hline \mathrm{A} & \text { None } & 2 \
\hline \mathrm{B} & \text { None } & 2 \
\hline \mathrm{C} & \mathrm{A} & 4 \
\hline \mathrm{D} & \mathrm{B} & 5 \
\hline \mathrm{E} & \mathrm{C} & 5 \
\hline \mathrm{F} & \mathrm{D} & 2 \
\hline \mathrm{G} & \mathrm{E}, \mathrm{F} & 2 \
\hline
\end{array}$
Calculate the earliest completion time for the project using a Gantt chart.

Accepted Answer

A)  10 weeks 
B)  11 weeks 
C)  12 weeks 
D)  13 weeks 
A)  10 weeks 
B)  11 weeks 
C)  12 weeks 
D)  13 weeks D

Question 3

In the context of projects,__________are discrete tasks that consume resources and time.

Accepted Answer

A)  value chains 
B)  activities 
C)  processes 
D)  schedules 
A)  value chains 
B)  activities 
C)  processes 
D)  schedules B

Question 4

Project managers do not need technical expertise.

Accepted Answer

A) True 
 B)False

Question 5

__________refers to reducing the total time to complete the project to meet a revised due date.

Accepted Answer

A)  Benchmarking 
B)  Crashing a project 
C)  Project resource leveling 
D)  Activity sequencing 
A)  Benchmarking 
B)  Crashing a project 
C)  Project resource leveling 
D)  Activity sequencing

Question 6

In the context of the Critical Path Method (CPM), the slack time (ST) for an activity is computed as:

Accepted Answer

A)  the latest start (LS) time minus the earliest finish (EF) time. 
B)  the latest finish (LF) time minus the earliest start (ES) time. 
C)  the latest start (LS) time minus the earliest start (ES) time. 
D)  the earliest finish (EF) time minus the latest start (LS) time. 
A)  the latest start (LS) time minus the earliest finish (EF) time. 
B)  the latest finish (LF) time minus the earliest start (ES) time. 
C)  the latest start (LS) time minus the earliest start (ES) time. 
D)  the earliest finish (EF) time minus the latest start (LS) time.

Question 7

The district magistrate of a city has decided to reconstruct the most frequented street of the city. He plans to block the street for the duration of the work, which will cause considerable inconvenience to the people of the city. The project has three parallel paths defined as the following:
Path A-B-C-H will take 16 days.
Path A-D-E-H will take 22 days.
Path A-F-G-H will take 30 days.
In the given scenario, which of the following statements is true?

Accepted Answer

A)  The expected duration of the project is 68 days. 
B)  Activities B, D, and F have an earliest starting time of 0. 
C)  Path A-D-E-H has the largest slack time. 
D)  Path A-F-G-H is the critical path. 
A)  The expected duration of the project is 68 days. 
B)  Activities B, D, and F have an earliest starting time of 0. 
C)  Path A-D-E-H has the largest slack time. 
D)  Path A-F-G-H is the critical path.

Question 8

In the project management life cycle, the__________involves collecting and assessing status reports, managing changes to baselines, and responding to circumstances that can negatively impact the project participants.

Accepted Answer

A)  closing stage 
B)  planning stage 
C)  organizing stage 
D)  controlling stage 
A)  closing stage 
B)  planning stage 
C)  organizing stage 
D)  controlling stage

Question 9

Implementing a new computer-aided design system is an example of a project in the functional area of _____.

Accepted Answer

A)  engineering 
B)  operations 
C)  logistics 
D)  marketing 
A)  engineering 
B)  operations 
C)  logistics 
D)  marketing

Question 10

Which of the following is true of the Critical Path Method (CPM)

Accepted Answer

A)  It allows us to investigate the effects of uncertainty of activity times on project completion times. 
B)  It uses the variance in the critical path activities to evaluate the risks associated with project completion times. 
C)  It assumes that activities are independent of one another, with clearly defined start and finish dates. 
D)  It accounts for the interruptions that may affect an activity between the start and the finish times. 
A)  It allows us to investigate the effects of uncertainty of activity times on project completion times. 
B)  It uses the variance in the critical path activities to evaluate the risks associated with project completion times. 
C)  It assumes that activities are independent of one another, with clearly defined start and finish dates. 
D)  It accounts for the interruptions that may affect an activity between the start and the finish times.

Question 11

Which of the following is an assumption made by the critical path method (CPM)

Accepted Answer

A)  The activity time estimates are accurate and stable. 
B)  Activities are dependent on each other, without clearly defined start and finish times. 
C)  Activities are interrupted many times before completion. 
D)  The project network defines a tentative work sequence that can be changed anytime during the project. 
A)  The activity time estimates are accurate and stable. 
B)  Activities are dependent on each other, without clearly defined start and finish times. 
C)  Activities are interrupted many times before completion. 
D)  The project network defines a tentative work sequence that can be changed anytime during the project.

Question 12

In the context of the Critical Path Method (CPM), latest start (LS) and latest finish (LF) times are computed by making a backward pass through the network, beginning with the ending project activity or activities.

Accepted Answer

A) True 
 B)False

Question 13

The activities, their respective immediate predecessors, and activity times for a particular project are given in the table below. Determine the earliest completion time for this project using a Gantt chart. $\begin{array} { | l | l | l | } 
\hline \text { Activity } & \text { Immediate Predecessor(s) } & \text { Activity Time(in weeks) } \
\hline \mathrm { A } & \text { None } & 1 \
\hline \mathrm { B } & \text { None } & 1 \
\hline \mathrm { C } & \mathrm { A } & 4 \
\hline \mathrm { D } & \mathrm { B } & 5 \
\hline \mathrm { E } & \mathrm { C } , \mathrm { D } & 5 \
\hline \mathrm { F } & \mathrm { E } & 3 \
\hline \mathrm { G } & \mathrm { F } & 2 \
\hline
\end{array}$

Accepted Answer

A)  14 weeks 
B)  16 weeks 
C)  18 weeks 
D)  20 weeks 
A)  14 weeks 
B)  16 weeks 
C)  18 weeks 
D)  20 weeks

Question 14

A pure project organizational structure eliminates the duplication of resources across the organization.

Accepted Answer

A) True 
 B)False

Question 15

In the context of project management,__________a project involves releasing and reassigning people.

Accepted Answer

A)  closing 
B)  organizing 
C)  defining 
D)  planning 
A)  closing 
B)  organizing 
C)  defining 
D)  planning

Question 16

The only way the project completion time can be reduced is by crashing activities on the critical path.

Accepted Answer

A) True 
 B)False

Question 17

Following is the Project Evaluation and Review Technique (PERT) network used to execute a marketing campaign at TeaTime Inc. Calculate the variance for the project.

Accepted Answer

A)  2.5 weeks 
B)  3.0 weeks 
C)  3.5 weeks 
D)  4.0 weeks 
A)  2.5 weeks 
B)  3.0 weeks 
C)  3.5 weeks 
D)  4.0 weeks

Question 18

Which of the following is true of crashing a project

Accepted Answer

A)  It involves the removal of resources from selected project activities to reduce costs. 
B)  It increases the total cost of the project. 
C)  It increases the total time taken to complete the project. 
D)  It is a trade-off between project revenue and additional input costs. 
A)  It involves the removal of resources from selected project activities to reduce costs. 
B)  It increases the total cost of the project. 
C)  It increases the total time taken to complete the project. 
D)  It is a trade-off between project revenue and additional input costs.

Question 19

Which of the following is true of a typical functional organization

Accepted Answer

A)  It eliminates duplication of resources. 
B)  It makes communication across the organization easier and smooth. 
C)  A project cuts across organizational boundaries in a typical functional organization. 
D)  Team members are assigned exclusively to projects in a typical functional organization. 
A)  It eliminates duplication of resources. 
B)  It makes communication across the organization easier and smooth. 
C)  A project cuts across organizational boundaries in a typical functional organization. 
D)  Team members are assigned exclusively to projects in a typical functional organization.

Question 20

Which of the following is an example of a project that belongs to the functional area of accounting and finance

Accepted Answer

A)  Market research study 
B)  Planning a firm's initial public offering 
C)  Annual performance and compensation review 
D)  Installing a revenue management system 
A)  Market research study 
B)  Planning a firm's initial public offering 
C)  Annual performance and compensation review 
D)  Installing a revenue management system

In the context of the Project Evaluation and Review Technique (PERT), which of the following is true of the beta probability distribution approach?

In the context of projects,__________are discrete tasks that consume resources and time.

Project managers do not need technical expertise.

__________refers to reducing the total time to complete the project to meet a revised due date.

In the context of the Critical Path Method (CPM), the slack time (ST) for an activity is computed as:

In the project management life cycle, the__________involves collecting and assessing status reports, managing changes to baselines, and responding to circumstances that can negatively impact the project participants.

Implementing a new computer-aided design system is an example of a project in the functional area of _____.

Which of the following is true of the Critical Path Method (CPM)

Which of the following is an assumption made by the critical path method (CPM)

In the context of the Critical Path Method (CPM), latest start (LS) and latest finish (LF) times are computed by making a backward pass through the network, beginning with the ending project activity or activities.

The activities, their respective immediate predecessors, and activity times for a particular project are given in the table below. Determine the earliest completion time for this project using a Gantt chart. Activity Immediate Predecessor(s) Activity Time(in weeks) None 1 None 1 4 5 , 5 3 2

A pure project organizational structure eliminates the duplication of resources across the organization.

In the context of project management,__________a project involves releasing and reassigning people.

The only way the project completion time can be reduced is by crashing activities on the critical path.

Following is the Project Evaluation and Review Technique (PERT) network used to execute a marketing campaign at TeaTime Inc. Calculate the variance for the project.

Which of the following is true of crashing a project

Which of the following is true of a typical functional organization

Which of the following is an example of a project that belongs to the functional area of accounting and finance

Operations Management and Value Chains

Measuring Performance in Operations and Value Chains

Operations Strategy

Technology and Operations Management

Goods and Service Design

Supply Chain Design

Process Selection, Design, and Analysis

Facility and Work Design

Forecasting and Demand Planning

Capacity Management

Managing Inventories in Supply Chains

Supply Chain Management and Logistics

Resource Management

Operations Scheduling and Sequencing

Quality Management

Quality Control and SPC

Lean Operating Systems

Filters

Exam 18: Project Management

In the context of the Project Evaluation and Review Technique (PERT), which of the following is true of the beta probability distribution approach?

In the context of projects,__________are discrete tasks that consume resources and time.

Project managers do not need technical expertise.

__________refers to reducing the total time to complete the project to meet a revised due date.

In the context of the Critical Path Method (CPM), the slack time (ST) for an activity is computed as:

In the project management life cycle, the__________involves collecting and assessing status reports, managing changes to baselines, and responding to circumstances that can negatively impact the project participants.

Implementing a new computer-aided design system is an example of a project in the functional area of _____.

Which of the following is true of the Critical Path Method (CPM)

Which of the following is an assumption made by the critical path method (CPM)

In the context of the Critical Path Method (CPM), latest start (LS) and latest finish (LF) times are computed by making a backward pass through the network, beginning with the ending project activity or activities.

The activities, their respective immediate predecessors, and activity times for a particular project are given in the table below. Determine the earliest completion time for this project using a Gantt chart. Activity Immediate Predecessor(s) Activity Time(in weeks) None 1 None 1 4 5 , 5 3 2

A pure project organizational structure eliminates the duplication of resources across the organization.

In the context of project management,__________a project involves releasing and reassigning people.

The only way the project completion time can be reduced is by crashing activities on the critical path.

Following is the Project Evaluation and Review Technique (PERT) network used to execute a marketing campaign at TeaTime Inc. Calculate the variance for the project.

Which of the following is true of crashing a project

Which of the following is true of a typical functional organization

Which of the following is an example of a project that belongs to the functional area of accounting and finance

Operations Management and Value Chains

Measuring Performance in Operations and Value Chains

Operations Strategy

Technology and Operations Management

Goods and Service Design

Supply Chain Design

Process Selection, Design, and Analysis

Facility and Work Design

Forecasting and Demand Planning

Capacity Management

Managing Inventories in Supply Chains

Supply Chain Management and Logistics

Resource Management

Operations Scheduling and Sequencing

Quality Management

Quality Control and SPC

Lean Operating Systems

Filters