Question 1

Project risks that are mostly within company control such as design changes 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

Question 2

Critical path activities are those with ______ slack.

Accepted Answer

The answer of Critical path activities are those with ______...

Question 3

How does a firm manage its project risks?

Accepted Answer

A successful answer will descr

Question 4

A(n) ______ chart is used to visualize time lengths and sequences of project task activities.

Accepted Answer

The answer of A(n) ______ chart is used to visualize...

Question 5

The fifth step in both the CPM and PERT approaches is?

Accepted Answer

A)  Determine the sequential relationship between all of the activities 
B)  Identify all project activities and time to complete each activity 
C)  Determine the early start/early finish and late start/late finish schedules for each activity 
D)  Determine the critical path 
A)  Determine the sequential relationship between all of the activities 
B)  Identify all project activities and time to complete each activity 
C)  Determine the early start/early finish and late start/late finish schedules for each activity 
D)  Determine the critical path

Question 6

The shortest sequence of activities in a project is referred to as the critical path.

Accepted Answer

A) True 
 B)False

Question 7

Why might a firm choose to implement a cloud-based project management solution?

Accepted Answer

A successful answer would note that clou

Question 8

The set of task descriptions for a project is known as a(n)?

Accepted Answer

A)  Task listing 
B)  Work breakdown structure 
C)  Bill of materials 
D)  Activity diagram 
A)  Task listing 
B)  Work breakdown structure 
C)  Bill of materials 
D)  Activity diagram

Question 9

A plan that is put in place to deal with risks after they occur is referred to as?

Accepted Answer

A)  Mitigation 
B)  Contingency 
C)  Exception 
D)  Outlier 
A)  Mitigation 
B)  Contingency 
C)  Exception 
D)  Outlier

Question 10

The time estimate that represents the time to complete the activity if everything goes according to plan is the?

Accepted Answer

A)  Optimistic completion time 
B)  Most likely completion time 
C)  Pessimistic completion time 
D)  Least likely completion time 
A)  Optimistic completion time 
B)  Most likely completion time 
C)  Pessimistic completion time 
D)  Least likely completion time

Question 11

A notable example of an open source project management software solution is?

Accepted Answer

A)  Microsoft Project 
B)  Basecamp 
C)  OpenProj 
D)  SAP 
A)  Microsoft Project 
B)  Basecamp 
C)  OpenProj 
D)  SAP

Question 12

It is often beneficial to crash noncritical activities.

Accepted Answer

A) True 
 B)False

Question 13

Critical activities primarily govern what aspect of a project?

Accepted Answer

A)  Project start time 
B)  Project completion time 
C)  Project budget 
D)  Project resource availability 
A)  Project start time 
B)  Project completion time 
C)  Project budget 
D)  Project resource availability

Question 14

A project's completion time variance is calculated by?

Accepted Answer

A)  Summing the variances of the critical path activities 
B)  Multiplying the variances of the critical path activities 
C)  Multiplying the variances of all of the project activities 
D)  Summing the variances of all of the project activities 
A)  Summing the variances of the critical path activities 
B)  Multiplying the variances of the critical path activities 
C)  Multiplying the variances of all of the project activities 
D)  Summing the variances of all of the project activities

Question 15

Briefly describe and summarize the project crashing process.

Accepted Answer

A successful answer will describe the st

Question 16

PERT stands for?

Accepted Answer

A)  Program Evaluation and Review Technique 
B)  Program Experience Restoration Technique 
C)  Project Extension and Reduction Technique 
D)  Project Evaluation and Review Technique 
A)  Program Evaluation and Review Technique 
B)  Program Experience Restoration Technique 
C)  Project Extension and Reduction Technique 
D)  Project Evaluation and Review Technique

Question 17

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 critical path for this project?

Accepted Answer

A)  A $\rightarrow$  B 
B)  A $\rightarrow$ B $\rightarrow$  D 
C)  A $\rightarrow$ C $\rightarrow$  D 
D)  Cannot be determined from the information given 
A)  A $\rightarrow$  B 
B)  A $\rightarrow$ B $\rightarrow$  D 
C)  A $\rightarrow$ C $\rightarrow$  D 
D)  Cannot be determined from the information given

Question 18

Reducing a project's completion time by dedicating additional resources to the project is referred to as?

Accepted Answer

A)  Project limiting 
B)  Project reduction 
C)  Project crashing 
D)  Project tightening 
A)  Project limiting 
B)  Project reduction 
C)  Project crashing 
D)  Project tightening

Question 19

The first step in both the CPM and PERT approaches is?

Accepted Answer

A)  Determine the sequential relationship between all of the activities 
B)  Identify all project activities and time to complete each activity 
C)  Develop an activity network 
D)  Determine the critical path 
A)  Determine the sequential relationship between all of the activities 
B)  Identify all project activities and time to complete each activity 
C)  Develop an activity network 
D)  Determine the critical path

Question 20

The shortest possible time to complete an activity is referred to as the activity's?

Accepted Answer

A)  Window time 
B)  Crash time 
C)  Pessimistic time 
D)  Limit time 
A)  Window time 
B)  Crash time 
C)  Pessimistic time 
D)  Limit time

Project risks that are mostly within company control such as design changes are referred to as?

Critical path activities are those with ______ slack.

How does a firm manage its project risks?

A(n) ______ chart is used to visualize time lengths and sequences of project task activities.

The fifth step in both the CPM and PERT approaches is?

The shortest sequence of activities in a project is referred to as the critical path.

Why might a firm choose to implement a cloud-based project management solution?

The set of task descriptions for a project is known as a(n)?

A plan that is put in place to deal with risks after they occur is referred to as?

The time estimate that represents the time to complete the activity if everything goes according to plan is the?

A notable example of an open source project management software solution is?

It is often beneficial to crash noncritical activities.

Critical activities primarily govern what aspect of a project?

A project's completion time variance is calculated by?

Briefly describe and summarize the project crashing process.

PERT stands for?

Reducing a project's completion time by dedicating additional resources to the project is referred to as?

The first step in both the CPM and PERT approaches is?

The shortest possible time to complete an activity is referred to as the activity's?

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

Project risks that are mostly within company control such as design changes are referred to as?

Critical path activities are those with ______ slack.

How does a firm manage its project risks?

A(n) ______ chart is used to visualize time lengths and sequences of project task activities.

The fifth step in both the CPM and PERT approaches is?

The shortest sequence of activities in a project is referred to as the critical path.

Why might a firm choose to implement a cloud-based project management solution?

The set of task descriptions for a project is known as a(n)?

A plan that is put in place to deal with risks after they occur is referred to as?

The time estimate that represents the time to complete the activity if everything goes according to plan is the?

A notable example of an open source project management software solution is?

It is often beneficial to crash noncritical activities.

Critical activities primarily govern what aspect of a project?

A project's completion time variance is calculated by?

Briefly describe and summarize the project crashing process.

PERT stands for?

Reducing a project's completion time by dedicating additional resources to the project is referred to as?

The first step in both the CPM and PERT approaches is?

The shortest possible time to complete an activity is referred to as the activity's?

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