Question 1

The accuracy of crash times and costs is frequently rough at best, when compared with normal time and cost.

Accepted Answer

A) True 
 B)False

Question 2

What if cost, not time, is the issue? What are some options available to project managers? Identify and briefly describe three.

Accepted Answer

Reduce project scope, have own

Question 3

When considering whether to move the project to its optimum cost-time position, the manager should also consider ________.

Accepted Answer

A)  resources 
B)  budget 
C)  team morale 
D)  risk 
E)  customers 
A)  resources 
B)  budget 
C)  team morale 
D)  risk 
E)  customers

Question 4

When adding resources, there are limits as to how much speed can be gained.

Accepted Answer

A) True 
 B)False

Question 5

An activity's normal time and cost are 10 and $120, respectively. Its estimated crash time and cost are 7 and $180, respectively. What is this activity's crash cost per time unit?

Accepted Answer

A)  $20 
B)  $30 
C)  $40 
D)  $50 
E)  $60 
A)  $20 
B)  $30 
C)  $40 
D)  $50 
E)  $60

Question 6

When the project team is salaried, which of the following is the preferred choice for accelerating project completion?

Accepted Answer

A)  Assign additional staff and equipment 
B)  Subcontract work 
C)  Schedule overtime 
D)  Outsource project work 
E)  Establish a core project team 
A)  Assign additional staff and equipment 
B)  Subcontract work 
C)  Schedule overtime 
D)  Outsource project work 
E)  Establish a core project team

Question 7

Consider the following table of activities that describes a project network. Which activity will you crash second?

Accepted Answer

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

Question 8

Brooks' law states that adding manpower to a software project helps keep it on schedule.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is NOT a rational reason to reduce project duration?

Accepted Answer

A)  Incentive contracts 
B)  High network sensitivity 
C)  Imposed deadlines 
D)  High overhead costs 
E)  Unforeseen delays 
A)  Incentive contracts 
B)  High network sensitivity 
C)  Imposed deadlines 
D)  High overhead costs 
E)  Unforeseen delays

Question 10

The less steep the cost slope of an activity, the

Accepted Answer

A)  less it costs to shorten one time period. 
B)  more it costs to shorten one time period. 
C)  smaller the crash time is. 
D)  larger the crash time is. 
E)  cannot be determined by the information given. 
A)  less it costs to shorten one time period. 
B)  more it costs to shorten one time period. 
C)  smaller the crash time is. 
D)  larger the crash time is. 
E)  cannot be determined by the information given.

Question 11

Creation of the ___________ graph keeps the importance of indirect costs in the forefront of decision making.

Accepted Answer

A)  network 
B)  critical path 
C)  project cost-duration 
D)  release burndown 
E)  risk breakdown 
A)  network 
B)  critical path 
C)  project cost-duration 
D)  release burndown 
E)  risk breakdown

Question 12

When crashing a schedule, this may set in when a least-cost method is used.

Accepted Answer

A)  Increased risk 
B)  Fatigue and resentment 
C)  Increased cost 
D)  Decrease in available management reserve 
E)  Reduced quality 
A)  Increased risk 
B)  Fatigue and resentment 
C)  Increased cost 
D)  Decrease in available management reserve 
E)  Reduced quality

Question 13

As a project's duration is reduced, indirect costs are ___________.

Accepted Answer

A)  increased 
B)  decelerated 
C)  accelerated 
D)  compressed 
E)  reduced 
A)  increased 
B)  decelerated 
C)  accelerated 
D)  compressed 
E)  reduced

Question 14

The cost-time crashing method relies on choosing the cheapest method for reducing the duration of the project. What are other factors that should be assessed beyond simply cost?

Accepted Answer

The inherent risks involved in crashing

Question 15

The ________ time for an activity represents low-cost, realistic, efficient methods for completing the activity under typical conditions.

Accepted Answer

A)  normal 
B)  crash 
C)  estimated 
D)  accelerated 
E)  completion 
A)  normal 
B)  crash 
C)  estimated 
D)  accelerated 
E)  completion

Question 16

There are more options available for reducing project time if you are not resource constrained.

Accepted Answer

A) True 
 B)False

Question 17

In a Project Cost-Duration Graph, total project costs are a sum of

Accepted Answer

A)  labor, material and equipment costs. 
B)  direct costs plus interest. 
C)  direct labor costs and the project manager's salary. 
D)  direct costs and the project manager's salary. 
E)  direct and indirect costs. 
A)  labor, material and equipment costs. 
B)  direct costs plus interest. 
C)  direct labor costs and the project manager's salary. 
D)  direct costs and the project manager's salary. 
E)  direct and indirect costs.

Question 18

_________ is the first thing to consider when deciding whether or not an activity can be crashed.

Accepted Answer

A)  Schedule risk 
B)  Project impact 
C)  Stakeholder impact 
D)  Customer impact 
E)  Inherent risk 
A)  Schedule risk 
B)  Project impact 
C)  Stakeholder impact 
D)  Customer impact 
E)  Inherent risk

Question 19

As a project is crashed and project duration is reduced, direct costs typically

Accepted Answer

A)  increase. 
B)  become unstable. 
C)  decrease. 
D)  become unreliable. 
E)  stay the same. 
A)  increase. 
B)  become unstable. 
C)  decrease. 
D)  become unreliable. 
E)  stay the same.

Question 20

The ________ project cost is the sum of the indirect and direct costs.

Accepted Answer

A)  accumulated 
B)  total 
C)  budgeted 
D)  time-phased 
E)  estimated 
A)  accumulated 
B)  total 
C)  budgeted 
D)  time-phased 
E)  estimated

The accuracy of crash times and costs is frequently rough at best, when compared with normal time and cost.

What if cost, not time, is the issue? What are some options available to project managers? Identify and briefly describe three.

When considering whether to move the project to its optimum cost-time position, the manager should also consider ________.

When adding resources, there are limits as to how much speed can be gained.

An activity's normal time and cost are 10 and $120, respectively. Its estimated crash time and cost are 7 and $180, respectively. What is this activity's crash cost per time unit?

When the project team is salaried, which of the following is the preferred choice for accelerating project completion?

Consider the following table of activities that describes a project network. Which activity will you crash second?

Brooks' law states that adding manpower to a software project helps keep it on schedule.

Which of the following is NOT a rational reason to reduce project duration?

The less steep the cost slope of an activity, the

Creation of the ___________ graph keeps the importance of indirect costs in the forefront of decision making.

When crashing a schedule, this may set in when a least-cost method is used.

As a project's duration is reduced, indirect costs are ___________.

The cost-time crashing method relies on choosing the cheapest method for reducing the duration of the project. What are other factors that should be assessed beyond simply cost?

The ________ time for an activity represents low-cost, realistic, efficient methods for completing the activity under typical conditions.

There are more options available for reducing project time if you are not resource constrained.

In a Project Cost-Duration Graph, total project costs are a sum of

_________ is the first thing to consider when deciding whether or not an activity can be crashed.

As a project is crashed and project duration is reduced, direct costs typically

The ________ project cost is the sum of the indirect and direct costs.

Modern Project Management

Organization Strategy and Project Selection

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Schedule

Managing Risk

Scheduling Resources and Costs

Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

Agile Project Management

International Projects

Filters

Exam 9: Reducing Project Duration

The accuracy of crash times and costs is frequently rough at best, when compared with normal time and cost.

What if cost, not time, is the issue? What are some options available to project managers? Identify and briefly describe three.

When considering whether to move the project to its optimum cost-time position, the manager should also consider ________.

When adding resources, there are limits as to how much speed can be gained.

An activity's normal time and cost are 10 and $120, respectively. Its estimated crash time and cost are 7 and $180, respectively. What is this activity's crash cost per time unit?

When the project team is salaried, which of the following is the preferred choice for accelerating project completion?

Consider the following table of activities that describes a project network. Which activity will you crash second?

Brooks' law states that adding manpower to a software project helps keep it on schedule.

Which of the following is NOT a rational reason to reduce project duration?

The less steep the cost slope of an activity, the

Creation of the ___________ graph keeps the importance of indirect costs in the forefront of decision making.

When crashing a schedule, this may set in when a least-cost method is used.

As a project's duration is reduced, indirect costs are ___________.

The cost-time crashing method relies on choosing the cheapest method for reducing the duration of the project. What are other factors that should be assessed beyond simply cost?

The ________ time for an activity represents low-cost, realistic, efficient methods for completing the activity under typical conditions.

There are more options available for reducing project time if you are not resource constrained.

In a Project Cost-Duration Graph, total project costs are a sum of

_________ is the first thing to consider when deciding whether or not an activity can be crashed.

As a project is crashed and project duration is reduced, direct costs typically

The ________ project cost is the sum of the indirect and direct costs.

Modern Project Management

Organization Strategy and Project Selection

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Schedule

Managing Risk

Scheduling Resources and Costs

Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

Agile Project Management

International Projects

Filters