Question 1

Activities on the critical path are referred to as?

Accepted Answer

A)  Essential activities 
B)  Important activities 
C)  Significant activities 
D)  Critical activities 
A)  Essential activities 
B)  Important activities 
C)  Significant activities 
D)  Critical activities

Question 2

If project completion times are normally distributed, what is the probability that the project will be completed by the mean project duration?

Accepted Answer

A)  0.00 
B)  0.25 
C)  0.50 
D)  1.00 
A)  0.00 
B)  0.25 
C)  0.50 
D)  1.00

Question 3

Which of the following activities would likely be the best candidate for crashing?

Accepted Answer

A)  Activity A, Slack = 4 
B)  Activity B, Slack = 0 
C)  Activity C, Slack = 1 
D)  Activity D, Slack = 9 
A)  Activity A, Slack = 4 
B)  Activity B, Slack = 0 
C)  Activity C, Slack = 1 
D)  Activity D, Slack = 9

Question 4

Three critical activities (A, B, and C) have crash costs per hour of $100, $150, and $200, respectively. Which of these activities should be crashed first?

Accepted Answer

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

Question 5

Access to resources such as software on an as-needed basis for a subscription price or fee is referred to _________.

Accepted Answer

The answer of Access to resources such as software on...

Question 6

Project risks that are mostly within company control such as unrealistic activity time estimates are referred to as?

Accepted Answer

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

Question 7

We are sometimes able to reduce the duration of a project by crashing the project.

Accepted Answer

A) True 
 B)False

Question 8

The third 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 9

If an activity has a late start time of 10 and an early start time of 10, what is the activity's slack time?

Accepted Answer

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

Question 10

Project risks that are within company control such as poor forecasting 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 11

PERT relies on all of the following time estimates except?

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 12

An activity with a slack time of zero?

Accepted Answer

A)  Is a critical path activity 
B)  Is a possible candidate for crashing 
C)  Is both a critical path activity and a possible candidate for crashing 
D)  Is neither a critical path activity nor a possible candidate for crashing 
A)  Is a critical path activity 
B)  Is a possible candidate for crashing 
C)  Is both a critical path activity and a possible candidate for crashing 
D)  Is neither a critical path activity nor a possible candidate for crashing

Question 13

A power outage leads to computers and software being temporarily unavailable. This is an example of what type of project risk?

Accepted Answer

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

Question 14

The time estimate that represents the best estimate of time to complete the activity 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 15

The use of unfamiliar software would be an example of what type of project risk?

Accepted Answer

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

Question 16

The x-axis on a Gantt chart shows?

Accepted Answer

A)  Time 
B)  Activity name 
C)  Activity duration 
D)  Precedence relationships 
A)  Time 
B)  Activity name 
C)  Activity duration 
D)  Precedence relationships

Question 17

In the t = (a + 4m + b)/6 calculation for expected activity completion time, the m 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 18

___________ is the planning, scheduling, and controlling of resources to meet the specific goals of the project.

Accepted Answer

The answer of ___________ is the planning, scheduling, and controlling...

Question 19

A list of possible substitute workers has been made in case a labor strike occurs. This would be an example of?

Accepted Answer

A)  Contingency planning 
B)  Risk elimination 
C)  Risk mitigation 
D)  Risk conduction 
A)  Contingency planning 
B)  Risk elimination 
C)  Risk mitigation 
D)  Risk conduction

Question 20

The use of strong contracts with suppliers, labor unions, etc., is an example of what?

Accepted Answer

A)  Risk enhancement 
B)  Risk elimination 
C)  Risk mitigation 
D)  Risk conduction 
A)  Risk enhancement 
B)  Risk elimination 
C)  Risk mitigation 
D)  Risk conduction

Activities on the critical path are referred to as?

If project completion times are normally distributed, what is the probability that the project will be completed by the mean project duration?

Which of the following activities would likely be the best candidate for crashing?

Three critical activities (A, B, and C) have crash costs per hour of $100, $150, and $200, respectively. Which of these activities should be crashed first?

Access to resources such as software on an as-needed basis for a subscription price or fee is referred to _________.

Project risks that are mostly within company control such as unrealistic activity time estimates are referred to as?

We are sometimes able to reduce the duration of a project by crashing the project.

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

If an activity has a late start time of 10 and an early start time of 10, what is the activity's slack time?

Project risks that are within company control such as poor forecasting are referred to as?

PERT relies on all of the following time estimates except?

An activity with a slack time of zero?

A power outage leads to computers and software being temporarily unavailable. This is an example of what type of project risk?

The time estimate that represents the best estimate of time to complete the activity is the?

The use of unfamiliar software would be an example of what type of project risk?

The x-axis on a Gantt chart shows?

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

___________ is the planning, scheduling, and controlling of resources to meet the specific goals of the project.

A list of possible substitute workers has been made in case a labor strike occurs. This would be an example of?

The use of strong contracts with suppliers, labor unions, etc., is an example of what?

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

Activities on the critical path are referred to as?

If project completion times are normally distributed, what is the probability that the project will be completed by the mean project duration?

Which of the following activities would likely be the best candidate for crashing?

Three critical activities (A, B, and C) have crash costs per hour of $100, $150, and $200, respectively. Which of these activities should be crashed first?

Access to resources such as software on an as-needed basis for a subscription price or fee is referred to _________.

Project risks that are mostly within company control such as unrealistic activity time estimates are referred to as?

We are sometimes able to reduce the duration of a project by crashing the project.

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

If an activity has a late start time of 10 and an early start time of 10, what is the activity's slack time?

Project risks that are within company control such as poor forecasting are referred to as?

PERT relies on all of the following time estimates except?

An activity with a slack time of zero?

A power outage leads to computers and software being temporarily unavailable. This is an example of what type of project risk?

The time estimate that represents the best estimate of time to complete the activity is the?

The use of unfamiliar software would be an example of what type of project risk?

The x-axis on a Gantt chart shows?

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

___________ is the planning, scheduling, and controlling of resources to meet the specific goals of the project.

A list of possible substitute workers has been made in case a labor strike occurs. This would be an example of?

The use of strong contracts with suppliers, labor unions, etc., is an example of what?

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