Question 1

Derivative projects are those which address incremental changes to products or processes.

Accepted Answer

A) True 
 B)False  True

Question 2

Earned Value Management (EVM) is a technique for measuring project progress in an objective manner.

Accepted Answer

A) True 
 B)False  True

Question 3

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

Accepted Answer

A) True 
 B)False  False

Question 4

A matrix project structure is often referred to as a "skunkworks."

Accepted Answer

A) True 
 B)False

Question 5

Project management software available today combines CPM and other scheduling aids, like Gantt charting, to aid in tracking progress of project completion.

Accepted Answer

A) True 
 B)False

Question 6

For an activity in a CPM analysis, the Early Start time is 8 and the Late Start time is 10.Which of the following statements is ?

Accepted Answer

A) The Late Finish is 12 
B) The Early Finish is 10 
C) The slack for this activity is 2 
D) The duration of this activity is 2 
E) The activity is on the critical path 
A) The Late Finish is 12 
B) The Early Finish is 10 
C) The slack for this activity is 2 
D) The duration of this activity is 2 
E) The activity is on the critical path

Question 7

A company must perform a maintenance project consisting of seven activities.The activities, their predecessors, and their respective time estimates are presented below:   Using CPM, which activities have slack in this project?

Accepted Answer

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

Question 8

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.   What are the total time of this project and total normal cost?

Accepted Answer

A) Total time is 13 days, total cost is $1200 
B) Total time is 12 days, total cost is $1700 
C) Total time is 11 days, total cost is $1600 
D) Total time is 10 days, total cost is $1750 
E) Total time is 9 days, total cost is $1700 
A) Total time is 13 days, total cost is $1200 
B) Total time is 12 days, total cost is $1700 
C) Total time is 11 days, total cost is $1600 
D) Total time is 10 days, total cost is $1750 
E) Total time is 9 days, total cost is $1700

Question 9

Calculating the early start and early finish times for each activity in a CPM analysis does not provide any useful information.

Accepted Answer

A) True 
 B)False

Question 10

A listing of immediate predecessor activities is important information in a CPM analysis for which of the following reasons?

Accepted Answer

A) It specifies the relationships in the CPM network of activities 
B) It provides useful timing information 
C) It includes cost information 
D) It is the probability information required in the final step of CPM 
E) None of the above 
A) It specifies the relationships in the CPM network of activities 
B) It provides useful timing information 
C) It includes cost information 
D) It is the probability information required in the final step of CPM 
E) None of the above

Question 11

You have collected the data for a Time-Cost CPM Scheduling model analysis.The time is in days and the project "direct costs" are given below.   The indirect costs for the project are determined on a daily duration basis.If the project lasts 16 days the total indirect costs are $400, 15 days they will be $250, 14 days they will be $200, and 13 days they will be
$100.If you crash this project by one day what is the total (i.e., direct and indirect) project cost?

Accepted Answer

A) $2,150 
B) $2,300 
C) $2,400 
D) $2,450 
E) $2,500 
A) $2,150 
B) $2,300 
C) $2,400 
D) $2,450 
E) $2,500

Question 12

Slack activity time is the difference between the early start and the late finish of a project activity time.

Accepted Answer

A) True 
 B)False

Question 13

Upper level management must decide between pure, functional, and matrix structures as ways to organize projects.

Accepted Answer

A) True 
 B)False

Question 14

PERT is an abbreviation for which of the following methodologies?

Accepted Answer

A) Product Evaluation Result and Treatment 
B) Programming and Evaluation Realization Technology 
C) Program Evaluation and Review Technique 
D) Process Evaluation and Review Technology 
E) It is a name, not an abbreviation for anything 
A) Product Evaluation Result and Treatment 
B) Programming and Evaluation Realization Technology 
C) Program Evaluation and Review Technique 
D) Process Evaluation and Review Technology 
E) It is a name, not an abbreviation for anything

Question 15

A series of projects that are organized in such a way that each project utilizes people from different functional areas is using which of the following organizational structures?

Accepted Answer

A) Matrix project 
B) Integrated Task Force 
C) Functional project 
D) Pure project 
E) Cross-functional flexible team 
A) Matrix project 
B) Integrated Task Force 
C) Functional project 
D) Pure project 
E) Cross-functional flexible team

Question 16

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?

Accepted Answer

A) Gantt Chart 
B) PERT Chart 
C) Bar/Milestone Chart 
D) Total Program Cost Breakdown 
E) EVM Chart 
A) Gantt Chart 
B) PERT Chart 
C) Bar/Milestone Chart 
D) Total Program Cost Breakdown 
E) EVM Chart

Question 17

A project milestone is a specific event to be reached by a particular point in time.

Accepted Answer

A) True 
 B)False

Question 18

Some of the advantages of a functional project where the project is housed in a functional division include which of the following?

Accepted Answer

A) The project manager has full authority over the project 
B) Team pride, motivation, and commitment are high 
C) A team member can work on several projects 
D) Needs of the client are secondary 
E) None of the above 
A) The project manager has full authority over the project 
B) Team pride, motivation, and commitment are high 
C) A team member can work on several projects 
D) Needs of the client are secondary 
E) None of the above

Question 19

The Gantt chart is an example of a project control chart.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) True 
 B)False

Derivative projects are those which address incremental changes to products or processes.

Earned Value Management (EVM) is a technique for measuring project progress in an objective manner.

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

A matrix project structure is often referred to as a "skunkworks."

Project management software available today combines CPM and other scheduling aids, like Gantt charting, to aid in tracking progress of project completion.

For an activity in a CPM analysis, the Early Start time is 8 and the Late Start time is 10.Which of the following statements is ?

A company must perform a maintenance project consisting of seven activities.The activities, their predecessors, and their respective time estimates are presented below: Using CPM, which activities have slack in this project?

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. What are the total time of this project and total normal cost?

Calculating the early start and early finish times for each activity in a CPM analysis does not provide any useful information.

A listing of immediate predecessor activities is important information in a CPM analysis for which of the following reasons?

Slack activity time is the difference between the early start and the late finish of a project activity time.

Upper level management must decide between pure, functional, and matrix structures as ways to organize projects.

PERT is an abbreviation for which of the following methodologies?

A series of projects that are organized in such a way that each project utilizes people from different functional areas is using which of the following organizational structures?

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?

A project milestone is a specific event to be reached by a particular point in time.

Some of the advantages of a functional project where the project is housed in a functional division include which of the following?

The Gantt chart is an example of a project control chart.

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

Operations and Supply Chain Management

Strategy and Sustainability

Product and Service Design

Strategic Capacity Management

Process Analysis

Production Processes

Service Processes

Health Care Processes

Six-Sigma Quality

Global Sourcing and Procurement

Location, Logistics and Distribution

Lean and Sustainable Supply Chains

Enterprise Resource Planning Systems

Demand Management and Forecasting

Sales and Operations Planning

Inventory Control

Material Requirements Planning

Scheduling

Constraint Management

Filters

Exam 10: Projects

Derivative projects are those which address incremental changes to products or processes.

Earned Value Management (EVM) is a technique for measuring project progress in an objective manner.

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

A matrix project structure is often referred to as a "skunkworks."

Project management software available today combines CPM and other scheduling aids, like Gantt charting, to aid in tracking progress of project completion.

For an activity in a CPM analysis, the Early Start time is 8 and the Late Start time is 10.Which of the following statements is ?

A company must perform a maintenance project consisting of seven activities.The activities, their predecessors, and their respective time estimates are presented below: Using CPM, which activities have slack in this project?

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. What are the total time of this project and total normal cost?

Calculating the early start and early finish times for each activity in a CPM analysis does not provide any useful information.

A listing of immediate predecessor activities is important information in a CPM analysis for which of the following reasons?

Slack activity time is the difference between the early start and the late finish of a project activity time.

Upper level management must decide between pure, functional, and matrix structures as ways to organize projects.

PERT is an abbreviation for which of the following methodologies?

A series of projects that are organized in such a way that each project utilizes people from different functional areas is using which of the following organizational structures?

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?

A project milestone is a specific event to be reached by a particular point in time.

Some of the advantages of a functional project where the project is housed in a functional division include which of the following?

The Gantt chart is an example of a project control chart.

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

Operations and Supply Chain Management

Strategy and Sustainability

Product and Service Design

Strategic Capacity Management

Process Analysis

Production Processes

Service Processes

Health Care Processes

Six-Sigma Quality

Global Sourcing and Procurement

Location, Logistics and Distribution

Lean and Sustainable Supply Chains

Enterprise Resource Planning Systems

Demand Management and Forecasting

Sales and Operations Planning

Inventory Control

Material Requirements Planning

Scheduling

Constraint Management

Filters