Exam 7: Project Management

To find the standard deviation of the critical path, you must first add the ________ of all activities on the critical path.

Figure to accompany Table 7.1 Table 7.1 -Using the information shown in Table 7.1, what is the slack time for activity D?

Figure to accompany Table 7.1 Table 7.1 -Using the information shown in Table 7.1, what is the earliest finish time for activity A?

Table 7.14 You are responsible for managing a project with the following activities (times are given in weeks). -Using Table 7.14, if the expected time for activity C is changed to 12 weeks, by how many weeks will the project's expected completion time increase?

The ________ is determined by starting with the normal time schedule and crashing activities along the critical path in such a way that the costs of crashing do not exceed the savings in indirect and penalty costs.

Table 7.6 -Using Table 7.6, what is the critical path for this project?

Project managers should be able to organize a set of disparate activities.

Table 7.5 -Disaster strikes and activity F takes 20 days instead of the anticipated 5 days. Using Table 7.5, how much longer will the project last than initially estimated?

Figure to accompany Table 7.7 Table 7.7 -If a decision is made to crash activity D in Table 7.7 by one week, what is the cost for this one week of crashing?

Table 7.8 -Using Table 7.8, what is the minimum crashing cost to finish this project in 18 days?

Table 7.4 -Using Table 7.4, what is the minimum number of activities that would have to be delayed to cause an increase in the project's earliest completion date?

Following the project defining and organizing phase, project planning involves five steps. List and briefly describe these five planning steps as applied to writing a term paper for an Operations Management class.

What options do project managers have to alleviate resource problems? Briefly describe each method.

Figure to accompany Table 7.7 Table 7.7 -How many weeks of crashing are available for activity C in Table 7.7?

Figure to accompany Table 7.7 Table 7.7 -Which activity should be crashed first for the project shown in Table 7.7?

Table 7.5 -Using Table 7.5, what is the earliest that activity D can be finished?

The phase of project management that takes the most resources is the execution phase.

Table 7.13 All activity times for the project are in weeks. -Using Table 7.13, if the expected time for activity H is changed to 25 weeks, by how many weeks will the project's expected completion time increase?

Which one of the following best describes the critical path of a PERT/CPM network?

Table 7.8 -Using Table 7.8, what is the latest start time for activity E?