Question 1

A government chooses to impose new regulatory restrictions. This would be what type of project risk?

Accepted Answer

A)  External 
B)  Cost 
C)  Schedule 
D)  Operational 
A)  External 
B)  Cost 
C)  Schedule 
D)  Operational

Question 2

A project has four activities. Activity A has no predecessors and a duration of 1 week. Activity B has Activity A as its predecessor and a duration of 4 weeks. Activity C has Activity A as its predecessor and a duration of 3 weeks. Activity D has activities B and C as its predecessors and a duration of 2 weeks. What is the length of critical path for this project?

Accepted Answer

A)  4 
B)  5 
C)  7 
D)  Cannot be determined from the information given 
A)  4 
B)  5 
C)  7 
D)  Cannot be determined from the information given

Question 3

A small printing business is considering the purchase of a project management software solution. Provide a recommendation for how this business should proceed with this purchase.

Accepted Answer

A successful answer should note that a s

Question 4

The variance of the project's completion time is determined by summing the variances of the critical path activities.

Accepted Answer

A) True 
 B)False

Question 5

Activities on the critical path have slack times of?

Accepted Answer

A)  0 
B)  1 
C)  >1 
D)  Cannot be determined from the information given 
A)  0 
B)  1 
C)  >1 
D)  Cannot be determined from the information given

Question 6

Crash cost per period is determined by which of the following equations?

Accepted Answer

A)  (Crash cost) / (Normal cost) 
B)  (Crash cost - normal cost) / (normal time - crash time) 
C)  (Normal time - crash time) / (crash cost - normal cost) 
D)  It is impossible to calculate the crash cost per period for an activity 
A)  (Crash cost) / (Normal cost) 
B)  (Crash cost - normal cost) / (normal time - crash time) 
C)  (Normal time - crash time) / (crash cost - normal cost) 
D)  It is impossible to calculate the crash cost per period for an activity

Question 7

Project management is primarily concerned with all of the following aspects of projects except?

Accepted Answer

A)  Planning 
B)  Reducing 
C)  Scheduling 
D)  Controlling 
A)  Planning 
B)  Reducing 
C)  Scheduling 
D)  Controlling

Question 8

PERT is probably most well known for being applied to?

Accepted Answer

A)  The first Super Bowl 
B)  The U.S. Polaris missile project 
C)  The Manhattan Project 
D)  Logistics for the Korean War 
A)  The first Super Bowl 
B)  The U.S. Polaris missile project 
C)  The Manhattan Project 
D)  Logistics for the Korean War

Question 9

Why might a project manager choose to perform project crashing? Give at least one example of a hypothetical project where crashing might be advantageous.

Accepted Answer

A successful answer will note

Question 10

In a project, how many critical paths are possible?

Accepted Answer

A)  0 
B)  1 
C)  2 
D)  Could be 1 or more than 1 critical path 
A)  0 
B)  1 
C)  2 
D)  Could be 1 or more than 1 critical path

Question 11

Within a complex project, all of the following may present for project tasks except?

Accepted Answer

A)  Unique completion problems 
B)  Unique due dates 
C)  Nonunique project managers 
D)  Unique subcontractors 
A)  Unique completion problems 
B)  Unique due dates 
C)  Nonunique project managers 
D)  Unique subcontractors

Question 12

The first step to crash a project is?

Accepted Answer

A)  Determine the desired completion time and the critical path 
B)  Calculate the crash cost per period for all activities 
C)  Reduce the length of the crashed path and update the project cost 
D)  It is impossible to crash a project 
A)  Determine the desired completion time and the critical path 
B)  Calculate the crash cost per period for all activities 
C)  Reduce the length of the crashed path and update the project cost 
D)  It is impossible to crash a project

Question 13

A critical path activity?

Accepted Answer

A)  Has zero slack time 
B)  Contributes directly to the duration of the project 
C)  Has zero slack time and contributes directly to the duration of the project 
D)  Neither has zero slack time nor contributes directly to the duration of the project 
A)  Has zero slack time 
B)  Contributes directly to the duration of the project 
C)  Has zero slack time and contributes directly to the duration of the project 
D)  Neither has zero slack time nor contributes directly to the duration of the project

Question 14

An activity has a normal duration of 2 hours and a crash time of 1 hour. How much crash time is available for this activity?

Accepted Answer

A)  2 
B)  1 
C)  0 
D)  Cannot be determined from the information given 
A)  2 
B)  1 
C)  0 
D)  Cannot be determined from the information given

Question 15

What type of activities should be considering for crashing?

Accepted Answer

A)  Critical activities 
B)  Noncritical activities 
C)  Both critical and noncritical activities 
D)  Neither critical nor noncritical activities 
A)  Critical activities 
B)  Noncritical activities 
C)  Both critical and noncritical activities 
D)  Neither critical nor noncritical activities

Question 16

In the t = (a + 4m + b)/6 calculation for expected activity completion time, the a refers to?

Accepted Answer

A)  Optimistic completion time 
B)  Pessimistic completion time 
C)  Most likely completion time 
D)  Activity completion time variance 
A)  Optimistic completion time 
B)  Pessimistic completion time 
C)  Most likely completion time 
D)  Activity completion time variance

Question 17

A noncritical activity with high variance could possibly become critical in some situations.

Accepted Answer

A) True 
 B)False

Question 18

Project management software allows for all of the following except?

Accepted Answer

A)  Identification of potential problems 
B)  Elimination of need to pay for completed work 
C)  Clarification of project scope 
D)  Optimization of resources 
A)  Identification of potential problems 
B)  Elimination of need to pay for completed work 
C)  Clarification of project scope 
D)  Optimization of resources

Question 19

The cost associated with the shortest possible duration for a project activity is referred to as the?

Accepted Answer

A)  Reduced cost 
B)  Shortest cost 
C)  Crash cost 
D)  Activity cost 
A)  Reduced cost 
B)  Shortest cost 
C)  Crash cost 
D)  Activity cost

Question 20

Project risks outside of company control such as economic conditions are referred to as?

Accepted Answer

A)  Cost risks 
B)  Technology risks 
C)  Operational risks 
D)  External risks 
A)  Cost risks 
B)  Technology risks 
C)  Operational risks 
D)  External risks

A government chooses to impose new regulatory restrictions. This would be what type of project risk?

A small printing business is considering the purchase of a project management software solution. Provide a recommendation for how this business should proceed with this purchase.

The variance of the project's completion time is determined by summing the variances of the critical path activities.

Activities on the critical path have slack times of?

Crash cost per period is determined by which of the following equations?

Project management is primarily concerned with all of the following aspects of projects except?

PERT is probably most well known for being applied to?

Why might a project manager choose to perform project crashing? Give at least one example of a hypothetical project where crashing might be advantageous.

In a project, how many critical paths are possible?

Within a complex project, all of the following may present for project tasks except?

The first step to crash a project is?

A critical path activity?

An activity has a normal duration of 2 hours and a crash time of 1 hour. How much crash time is available for this activity?

What type of activities should be considering for crashing?

In the t = (a + 4m + b)/6 calculation for expected activity completion time, the a refers to?

A noncritical activity with high variance could possibly become critical in some situations.

Project management software allows for all of the following except?

The cost associated with the shortest possible duration for a project activity is referred to as the?

Project risks outside of company control such as economic conditions are referred to as?

Operations Management, Processes, and Supply Chain Management

Corporate Strategy, Performance, and Sustainability

Product Design and Development

Process Design and Capacity Management

Customer Relationships and Customer Service

Demand Management, Forecasting, and Aggregate Planning

Independent Demand Inventory Management

Material Flow Analysis and Facility Layouts

Supplement: Job Scheduling and Vehicle Routing

Lean Systems

Managing Customer and Work Flows

Managing Information Flowsmrp and Erp

Six Sigma Quality Management

Supplement: Statistical Quality Control

Global Supply Management

Location, Logistics, and Product Returns

Integrating Processes Along the Supply Chain

Filters

Exam 12: Managing Projects

A government chooses to impose new regulatory restrictions. This would be what type of project risk?

A small printing business is considering the purchase of a project management software solution. Provide a recommendation for how this business should proceed with this purchase.

The variance of the project's completion time is determined by summing the variances of the critical path activities.

Activities on the critical path have slack times of?

Crash cost per period is determined by which of the following equations?

Project management is primarily concerned with all of the following aspects of projects except?

PERT is probably most well known for being applied to?

Why might a project manager choose to perform project crashing? Give at least one example of a hypothetical project where crashing might be advantageous.

In a project, how many critical paths are possible?

Within a complex project, all of the following may present for project tasks except?

The first step to crash a project is?

A critical path activity?

An activity has a normal duration of 2 hours and a crash time of 1 hour. How much crash time is available for this activity?

What type of activities should be considering for crashing?

In the t = (a + 4m + b)/6 calculation for expected activity completion time, the a refers to?

A noncritical activity with high variance could possibly become critical in some situations.

Project management software allows for all of the following except?

The cost associated with the shortest possible duration for a project activity is referred to as the?

Project risks outside of company control such as economic conditions are referred to as?

Operations Management, Processes, and Supply Chain Management

Corporate Strategy, Performance, and Sustainability

Product Design and Development

Process Design and Capacity Management

Customer Relationships and Customer Service

Demand Management, Forecasting, and Aggregate Planning

Independent Demand Inventory Management

Material Flow Analysis and Facility Layouts

Supplement: Job Scheduling and Vehicle Routing

Lean Systems

Managing Customer and Work Flows

Managing Information Flowsmrp and Erp

Six Sigma Quality Management

Supplement: Statistical Quality Control

Global Supply Management

Location, Logistics, and Product Returns

Integrating Processes Along the Supply Chain

Filters