Question 1

Complex projects are often subdivided into a series of tasks that are typically configured to be not longer than several months in duration.

Accepted Answer

A) True 
 B)False

Question 2

The critical path in a CPM analysis is always the shortest path through the network.

Accepted Answer

A) True 
 B)False

Question 3

The activity direct costs associated with a project might include giving workers overtime to complete a project in less-than the expected time.

Accepted Answer

A) True 
 B)False

Question 4

The critical path of activities in a project is the sequence of activities that form the shortest chain in a project network of activities.

Accepted Answer

A) True 
 B)False

Question 5

An advantage of a pure project where self-contained teams work full time on a project is which of the following?

Accepted Answer

A) Team members can work on several projects 
B) Functional area is a "home" after the project is completed 
C) There are duplicated resources 
D) Lines of communication are shortened 
E) Overall organizational policies and goals can be ignored 
A) Team members can work on several projects 
B) Functional area is a "home" after the project is completed 
C) There are duplicated resources 
D) Lines of communication are shortened 
E) Overall organizational policies and goals can be ignored

Question 6

Which of the following is a graphic project report used in project management?

Accepted Answer

A) Project proposal 
B) Approved project plan 
C) Humphrey chart 
D) Equipment and supplies chart 
E) Cost and performance tracking schedule 
A) Project proposal 
B) Approved project plan 
C) Humphrey chart 
D) Equipment and supplies chart 
E) Cost and performance tracking schedule

Question 7

Project management can be defined as planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project.

Accepted Answer

A) True 
 B)False

Question 8

A simple project listing of five activities, their predecessors and their respective time estimates are presented below:   Using the CPM, which activities have slack in this project?

Accepted Answer

A) A 
B) B 
C) C 
D) D 
E) C and E 
A) A 
B) B 
C) C 
D) D 
E) C and E

Question 9

You have been placed in charge of a large project.Shortened communication lines are required to insure quick resolution of problems as they arise.You recognize that the project is going to take a lot of time and require a lot of team pride, motivation, and commitment by all members.Which project management structure should you use in this situation?

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 10

You have the following time and cost information below for use in a Time-Cost CPM Scheduling model.   What are the three costs per unit of time to expedite each activity?

Accepted Answer

A) A = $300, B = $200, C = $300 
B) A = $100, B = $200, C = $400 
C) A = $200, B = $200, C = $200 
D) A = $100, B = $400, C = $300 
E) A = $200, B = $300, C = $400 
A) A = $300, B = $200, C = $300 
B) A = $100, B = $200, C = $400 
C) A = $200, B = $200, C = $200 
D) A = $100, B = $400, C = $300 
E) A = $200, B = $300, C = $400

Question 11

In CPM the late start time estimate is the latest time you can start an activity and still keep the entire project on schedule.

Accepted Answer

A) True 
 B)False

Question 12

One of the disadvantages of a pure project organizational structure is that the project manager has full authority over the project.

Accepted Answer

A) True 
 B)False

Question 13

You know when you have arrived at the optimal solution in using the Time-Cost CPM Scheduling model analysis when what happens?

Accepted Answer

A) You have found the critical path 
B) You have run out of crash time 
C) You no longer have a linear relationship with costs 
D) You have reached the minimum total cost 
E) You have run out of crash costs 
A) You have found the critical path 
B) You have run out of crash time 
C) You no longer have a linear relationship with costs 
D) You have reached the minimum total cost 
E) You have run out of crash costs

Question 14

The project indirect costs associated with a project include overhead, facilities, and resource opportunity costs.

Accepted Answer

A) True 
 B)False

Question 15

In CPM analysis it is generally expected that the relationship between activity direct costs and project indirect costs will be which of the following?

Accepted Answer

A) Positively related 
B) Optimally related 
C) Negatively related 
D) Not related 
E) Fractionally related 
A) Positively related 
B) Optimally related 
C) Negatively related 
D) Not related 
E) Fractionally related

Question 16

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, 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) 9 days 
B) 10 days 
C) 11 days 
D) 12 days 
E) 13 days 
A) 9 days 
B) 10 days 
C) 11 days 
D) 12 days 
E) 13 days

Question 17

What is a work breakdown structure?

Accepted Answer

A) A list of the activities making up the higher levels of the project 
B) A definition of the hierarchy of project tasks, subtasks, and work packages 
C) A depiction of the activities making up a project 
D) A Gantt chart 
E) A structure that is incompatible with the Critical Path Method 
A) A list of the activities making up the higher levels of the project 
B) A definition of the hierarchy of project tasks, subtasks, and work packages 
C) A depiction of the activities making up a project 
D) A Gantt chart 
E) A structure that is incompatible with the Critical Path Method

Question 18

One of the advantages of a functional project organizational structure is that a team member can work on several projects.

Accepted Answer

A) True 
 B)False

Question 19

In the Time-Cost CPM model, cost is assumed to be a linear function of time.

Accepted Answer

A) True 
 B)False

Question 20

A matrix project attempts to blend properties of functional and pure project structures.

Accepted Answer

A) True 
 B)False

Complex projects are often subdivided into a series of tasks that are typically configured to be not longer than several months in duration.

The critical path in a CPM analysis is always the shortest path through the network.

The activity direct costs associated with a project might include giving workers overtime to complete a project in less-than the expected time.

The critical path of activities in a project is the sequence of activities that form the shortest chain in a project network of activities.

An advantage of a pure project where self-contained teams work full time on a project is which of the following?

Which of the following is a graphic project report used in project management?

Project management can be defined as planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project.

A simple project listing of five activities, their predecessors and their respective time estimates are presented below: Using the CPM, which activities have slack in this project?

You have the following time and cost information below for use in a Time-Cost CPM Scheduling model. What are the three costs per unit of time to expedite each activity?

In CPM the late start time estimate is the latest time you can start an activity and still keep the entire project on schedule.

One of the disadvantages of a pure project organizational structure is that the project manager has full authority over the project.

You know when you have arrived at the optimal solution in using the Time-Cost CPM Scheduling model analysis when what happens?

The project indirect costs associated with a project include overhead, facilities, and resource opportunity costs.

In CPM analysis it is generally expected that the relationship between activity direct costs and project indirect costs will be which of the following?

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, what is the Latest Finish Time for the last activity in this project (i.e., the total time to complete the project)?

What is a work breakdown structure?

One of the advantages of a functional project organizational structure is that a team member can work on several projects.

In the Time-Cost CPM model, cost is assumed to be a linear function of time.

A matrix project attempts to blend properties of functional and pure project structures.

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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

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Exam 10: Projects

Complex projects are often subdivided into a series of tasks that are typically configured to be not longer than several months in duration.

The critical path in a CPM analysis is always the shortest path through the network.

The activity direct costs associated with a project might include giving workers overtime to complete a project in less-than the expected time.

The critical path of activities in a project is the sequence of activities that form the shortest chain in a project network of activities.

An advantage of a pure project where self-contained teams work full time on a project is which of the following?

Which of the following is a graphic project report used in project management?

Project management can be defined as planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project.

A simple project listing of five activities, their predecessors and their respective time estimates are presented below: Using the CPM, which activities have slack in this project?

You have the following time and cost information below for use in a Time-Cost CPM Scheduling model. What are the three costs per unit of time to expedite each activity?

In CPM the late start time estimate is the latest time you can start an activity and still keep the entire project on schedule.

One of the disadvantages of a pure project organizational structure is that the project manager has full authority over the project.

You know when you have arrived at the optimal solution in using the Time-Cost CPM Scheduling model analysis when what happens?

The project indirect costs associated with a project include overhead, facilities, and resource opportunity costs.

In CPM analysis it is generally expected that the relationship between activity direct costs and project indirect costs will be which of the following?

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, what is the Latest Finish Time for the last activity in this project (i.e., the total time to complete the project)?

What is a work breakdown structure?

One of the advantages of a functional project organizational structure is that a team member can work on several projects.

In the Time-Cost CPM model, cost is assumed to be a linear function of time.

A matrix project attempts to blend properties of functional and pure project structures.

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