Question 1

One criticism of using CPM analysis in project management is that the zero slack path through a network may not be the ultimate determinant of the project completion time.

Accepted Answer

A) True 
 B)False

Question 2

A project may be defined as a series of related jobs directed toward some major output and requiring a significant period of time to perform.

Accepted Answer

A) True 
 B)False

Question 3

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.At what day do we achieve the lowest total project cost (i.e., direct plus indirect costs)?

Accepted Answer

A) 16 days 
B) 15 days 
C) 14 days 
D) 13 days 
E) 12 days 
A) 16 days 
B) 15 days 
C) 14 days 
D) 13 days 
E) 12 days

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

One of the assumptions made using CPM is that project activities can be identified with clear beginning and ending points.

Accepted Answer

A) True 
 B)False

Question 6

An event unit package is a subdivision of a project.

Accepted Answer

A) True 
 B)False

Question 7

CPM is an abbreviation for Critical Path Method.

Accepted Answer

A) True 
 B)False

Question 8

In a Gantt chart the horizontal axis is usually which of the following?

Accepted Answer

A) Activities 
B) Cost 
C) Profit 
D) Time 
E) Milestones 
A) Activities 
B) Cost 
C) Profit 
D) Time 
E) Milestones

Question 9

Earned Value Management (EVM) has the capability to combine measurements of scope, schedule and cost in a project.

Accepted Answer

A) True 
 B)False

Question 10

You are managing a project and need to cut the cost of the project.You decide to transfer workers to another job to cut the project's costs.Costs associated with transferring the workers are an example of project indirect costs.

Accepted Answer

A) True 
 B)False

Question 11

A project can be subdivided into which of the following?

Accepted Answer

A) Job orders 
B) Subjobs 
C) Work Packages 
D) Sub-paths 
E) Events and decisions 
A) Job orders 
B) Subjobs 
C) Work Packages 
D) Sub-paths 
E) Events and decisions

Question 12

A simple project listing of five activities, their predecessors and their respective time estimates are presented below:   Using CPM, what is the Latest Finish Time for the last activity in this project (i.e., the total time to complete the project)?

Accepted Answer

A) 10 days 
B) 7 days 
C) 8 days 
D) 12 days 
E) 9 days 
A) 10 days 
B) 7 days 
C) 8 days 
D) 12 days 
E) 9 days

Question 13

The critical path in a project is that sequence of activities that consume the longest amount of time in a project network of activities.

Accepted Answer

A) True 
 B)False

Question 14

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.
  If you crash this project to reduce the total time by one day what is the total time of the project and total cost?

Accepted Answer

A) Total time is 13 days, total cost is $1500 
B) Total time is 12 days, total cost is $2000 
C) Total time is 12 days, total cost is $2300 
D) Total time is 11 days, total cost is $1850 
E) Total time is 11 days, total cost is $2350 
A) Total time is 13 days, total cost is $1500 
B) Total time is 12 days, total cost is $2000 
C) Total time is 12 days, total cost is $2300 
D) Total time is 11 days, total cost is $1850 
E) Total time is 11 days, total cost is $2350

Question 15

A disadvantage of a matrix project organizational structure is that a project manager is held responsible for
successful completion of the project.

Accepted Answer

A) True 
 B)False

Question 16

You have just been assigned to oversee a series of projects.Functional areas will loan you personnel for each project and separate project managers will be responsible for separate projects.These project managers will report to you.Which project management structure is being used?

Accepted Answer

A) Pure Project 
B) Task force 
C) Matrix Project 
D) Functional Project 
E) PERT 
A) Pure Project 
B) Task force 
C) Matrix Project 
D) Functional Project 
E) PERT

Question 17

Breakthrough projects are those that provide fundamental improvements to existing products.

Accepted Answer

A) True 
 B)False

Question 18

You have just performed a CPM analysis and have found that more than one path through the project network has zero slack values.What can you conclude?

Accepted Answer

A) You have incorrectly performed the analysis 
B) You have multiple critical paths 
C) Only one path is optimal 
D) More than one path is optimal 
E) The project will not be completed by the desired time 
A) You have incorrectly performed the analysis 
B) You have multiple critical paths 
C) Only one path is optimal 
D) More than one path is optimal 
E) The project will not be completed by the desired time

Question 19

When reducing the planned duration of a project using the Time-Cost CPM model we select the activity to crash by determining the cost of each alternative and selecting the one whose cost is the greatest.

Accepted Answer

A) True 
 B)False

Question 20

One of the assumptions made using CPM is that project activity sequence relationships can be specified and networked.

Accepted Answer

A) True 
 B)False

One criticism of using CPM analysis in project management is that the zero slack path through a network may not be the ultimate determinant of the project completion time.

A project may be defined as a series of related jobs directed toward some major output and requiring a significant period of time to perform.

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

One of the assumptions made using CPM is that project activities can be identified with clear beginning and ending points.

An event unit package is a subdivision of a project.

CPM is an abbreviation for Critical Path Method.

In a Gantt chart the horizontal axis is usually which of the following?

Earned Value Management (EVM) has the capability to combine measurements of scope, schedule and cost in a project.

You are managing a project and need to cut the cost of the project.You decide to transfer workers to another job to cut the project's costs.Costs associated with transferring the workers are an example of project indirect costs.

A project can be subdivided into which of the following?

A simple project listing of five activities, their predecessors and their respective time estimates are presented below: Using CPM, what is the Latest Finish Time for the last activity in this project (i.e., the total time to complete the project)?

The critical path in a project is that sequence of activities that consume the longest amount of time in a project network of activities.

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. If you crash this project to reduce the total time by one day what is the total time of the project and total cost?

A disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.

You have just been assigned to oversee a series of projects.Functional areas will loan you personnel for each project and separate project managers will be responsible for separate projects.These project managers will report to you.Which project management structure is being used?

Breakthrough projects are those that provide fundamental improvements to existing products.

You have just performed a CPM analysis and have found that more than one path through the project network has zero slack values.What can you conclude?

When reducing the planned duration of a project using the Time-Cost CPM model we select the activity to crash by determining the cost of each alternative and selecting the one whose cost is the greatest.

One of the assumptions made using CPM is that project activity sequence relationships can be specified and networked.

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Exam 10: Projects

One criticism of using CPM analysis in project management is that the zero slack path through a network may not be the ultimate determinant of the project completion time.

A project may be defined as a series of related jobs directed toward some major output and requiring a significant period of time to perform.

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

One of the assumptions made using CPM is that project activities can be identified with clear beginning and ending points.

An event unit package is a subdivision of a project.

CPM is an abbreviation for Critical Path Method.

In a Gantt chart the horizontal axis is usually which of the following?

Earned Value Management (EVM) has the capability to combine measurements of scope, schedule and cost in a project.

You are managing a project and need to cut the cost of the project.You decide to transfer workers to another job to cut the project's costs.Costs associated with transferring the workers are an example of project indirect costs.

A project can be subdivided into which of the following?

A simple project listing of five activities, their predecessors and their respective time estimates are presented below: Using CPM, what is the Latest Finish Time for the last activity in this project (i.e., the total time to complete the project)?

The critical path in a project is that sequence of activities that consume the longest amount of time in a project network of activities.

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. If you crash this project to reduce the total time by one day what is the total time of the project and total cost?

A disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.

You have just been assigned to oversee a series of projects.Functional areas will loan you personnel for each project and separate project managers will be responsible for separate projects.These project managers will report to you.Which project management structure is being used?

Breakthrough projects are those that provide fundamental improvements to existing products.

You have just performed a CPM analysis and have found that more than one path through the project network has zero slack values.What can you conclude?

When reducing the planned duration of a project using the Time-Cost CPM model we select the activity to crash by determining the cost of each alternative and selecting the one whose cost is the greatest.

One of the assumptions made using CPM is that project activity sequence relationships can be specified and networked.

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