Question 1

When project managers know an activity's ________, they are able to compare which critical activities to shorten.

Accepted Answer

A)  importance 
B)  resources 
C)  duration 
D)  customer-perceived value 
E)  slope or crash cost per unit 
A)  importance 
B)  resources 
C)  duration 
D)  customer-perceived value 
E)  slope or crash cost per unit

Question 2

Managers have several effective methods for crashing specific project activities when resources are not constrained.

Accepted Answer

A) True 
 B)False

Question 3

When reducing project duration, the duration for a project that is optimal is at the point where

Accepted Answer

A)  direct costs are the lowest. 
B)  indirect costs are the lowest. 
C)  direct costs equal indirect costs. 
D)  total project costs are the lowest. 
E)  the project changes from time-constrained to resource-constrained. 
A)  direct costs are the lowest. 
B)  indirect costs are the lowest. 
C)  direct costs equal indirect costs. 
D)  total project costs are the lowest. 
E)  the project changes from time-constrained to resource-constrained.

Question 4

Making the decision to crash is the result of careful fiscal analysis and deep understanding of the project.

Accepted Answer

A) True 
 B)False

Question 5

An activity's crash cost includes ________ costs.

Accepted Answer

A)  direct 
B)  indirect 
C)  overhead 
D)  total 
E)  normal 
A)  direct 
B)  indirect 
C)  overhead 
D)  total 
E)  normal

Question 6

In order to shorten the duration of a project the project manager should limit the choices of activities to just those that are on the __________.

Accepted Answer

A)  shortest path 
B)  path with the greatest variability 
C)  critical path 
D)  path with the least amount of resources required 
E)  path with the most resources required 
A)  shortest path 
B)  path with the greatest variability 
C)  critical path 
D)  path with the least amount of resources required 
E)  path with the most resources required

Question 7

A reasonable, quick comparison between options for compressing activity times is based upon a _______________ assumption.

Accepted Answer

A)  nonlinear 
B)  additive 
C)  divisibility 
D)  linear 
E)  quadratic 
A)  nonlinear 
B)  additive 
C)  divisibility 
D)  linear 
E)  quadratic

Question 8

Crashing a more expensive activity may be wise if fewer inherent risks are involved.

Accepted Answer

A) True 
 B)False

Question 9

There are fewer options available for reducing project time if you are __________________ than if you can spend more than your original budget.

Accepted Answer

A)  time-constrained 
B)  vision-limited 
C)  schedule-constrained 
D)  resource-constrained 
E)  physically-constrained 
A)  time-constrained 
B)  vision-limited 
C)  schedule-constrained 
D)  resource-constrained 
E)  physically-constrained

Question 10

Why is the project duration with the lowest direct costs seldom the optimum duration for a project?

Accepted Answer

Indirect costs, those accumulating each

Question 11

The relationship between the normal point and the crash point is assumed to be

Accepted Answer

A)  linear. 
B)  curvilinear. 
C)  variable. 
D)  conversely related. 
E)  exponentially related. 
A)  linear. 
B)  curvilinear. 
C)  variable. 
D)  conversely related. 
E)  exponentially related.

Question 12

If indirect costs are a significant percentage of total project costs, reductions in project time can represent very real savings.

Accepted Answer

A) True 
 B)False

Question 13

The simplest way to reduce cost on a project is to reduce the scope of a project.

Accepted Answer

A)  imposed project deadlines. 
B)  time to market. 
C)  unforeseen project delays. 
D)  high overhead. 
E)  incentive contracts. 
A)  imposed project deadlines. 
B)  time to market. 
C)  unforeseen project delays. 
D)  high overhead. 
E)  incentive contracts.

Question 14

When reducing project duration, the crash cost per unit has to be calculated and the maximum units each activity can be reduced must be known. After this, the critical path must be identified. What is the next step?

Accepted Answer

A)  Find the activity with the lowest crash cost 
B)  Calculate the optimum cost-time point 
C)  Calculate the crash point 
D)  Calculate indirect cost per time unit 
E)  Find the activity with the steepest cost slope 
A)  Find the activity with the lowest crash cost 
B)  Calculate the optimum cost-time point 
C)  Calculate the crash point 
D)  Calculate indirect cost per time unit 
E)  Find the activity with the steepest cost slope

Question 15

One of the advantages of using a project cost-duration graph is that it keeps the importance of indirect costs in the forefront of decision making.

Accepted Answer

A) True 
 B)False

Question 16

When do you know you have crashed project activities enough? In other words, when you are crashing a project, how do you know you are finished?

Accepted Answer

When crashing, you will crash

Question 17

Costs such as labor, materials, equipment, or sub-contractors are examples of ________ project costs.

Accepted Answer

A)  direct 
B)  budgeted 
C)  accumulated 
D)  indirect 
E)  time-phased 
A)  direct 
B)  budgeted 
C)  accumulated 
D)  indirect 
E)  time-phased

Question 18

Reducing project duration

Accepted Answer

A)  involves crashing all activities to their crash point. 
B)  can only be done when resources are not constrained. 
C)  is always more expensive. 
D)  tends to increase network sensitivity. 
E)  should be considered for all projects. 
A)  involves crashing all activities to their crash point. 
B)  can only be done when resources are not constrained. 
C)  is always more expensive. 
D)  tends to increase network sensitivity. 
E)  should be considered for all projects.

Question 19

What is crashing? Include a discussion of crash time and crash cost.

Accepted Answer

Crashing is shortening an acti

Question 20

Which of the following correctly calculates an activity's cost slope?

Accepted Answer

A)  (normal cost - crash cost) / (normal time - crash time) 
B)  (crash cost - normal cost) / (normal time - crash time) 
C)  (normal time - crash time) / (crash cost - normal cost) 
D)  (normal time - crash time) / (normal cost - crash cost) 
E)  (crash cost - normal cost) / (crash time - normal time) 
A)  (normal cost - crash cost) / (normal time - crash time) 
B)  (crash cost - normal cost) / (normal time - crash time) 
C)  (normal time - crash time) / (crash cost - normal cost) 
D)  (normal time - crash time) / (normal cost - crash cost) 
E)  (crash cost - normal cost) / (crash time - normal time)

When project managers know an activity's ________, they are able to compare which critical activities to shorten.

Managers have several effective methods for crashing specific project activities when resources are not constrained.

When reducing project duration, the duration for a project that is optimal is at the point where

Making the decision to crash is the result of careful fiscal analysis and deep understanding of the project.

An activity's crash cost includes ________ costs.

In order to shorten the duration of a project the project manager should limit the choices of activities to just those that are on the __________.

A reasonable, quick comparison between options for compressing activity times is based upon a _______________ assumption.

Crashing a more expensive activity may be wise if fewer inherent risks are involved.

There are fewer options available for reducing project time if you are __________________ than if you can spend more than your original budget.

Why is the project duration with the lowest direct costs seldom the optimum duration for a project?

The relationship between the normal point and the crash point is assumed to be

If indirect costs are a significant percentage of total project costs, reductions in project time can represent very real savings.

The simplest way to reduce cost on a project is to reduce the scope of a project.

When reducing project duration, the crash cost per unit has to be calculated and the maximum units each activity can be reduced must be known. After this, the critical path must be identified. What is the next step?

One of the advantages of using a project cost-duration graph is that it keeps the importance of indirect costs in the forefront of decision making.

When do you know you have crashed project activities enough? In other words, when you are crashing a project, how do you know you are finished?

Costs such as labor, materials, equipment, or sub-contractors are examples of ________ project costs.

Reducing project duration

What is crashing? Include a discussion of crash time and crash cost.

Which of the following correctly calculates an activity's cost slope?

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

When project managers know an activity's ________, they are able to compare which critical activities to shorten.

Managers have several effective methods for crashing specific project activities when resources are not constrained.

When reducing project duration, the duration for a project that is optimal is at the point where

Making the decision to crash is the result of careful fiscal analysis and deep understanding of the project.

An activity's crash cost includes ________ costs.

In order to shorten the duration of a project the project manager should limit the choices of activities to just those that are on the __________.

A reasonable, quick comparison between options for compressing activity times is based upon a _______________ assumption.

Crashing a more expensive activity may be wise if fewer inherent risks are involved.

There are fewer options available for reducing project time if you are __________________ than if you can spend more than your original budget.

Why is the project duration with the lowest direct costs seldom the optimum duration for a project?

The relationship between the normal point and the crash point is assumed to be

If indirect costs are a significant percentage of total project costs, reductions in project time can represent very real savings.

The simplest way to reduce cost on a project is to reduce the scope of a project.

When reducing project duration, the crash cost per unit has to be calculated and the maximum units each activity can be reduced must be known. After this, the critical path must be identified. What is the next step?

One of the advantages of using a project cost-duration graph is that it keeps the importance of indirect costs in the forefront of decision making.

When do you know you have crashed project activities enough? In other words, when you are crashing a project, how do you know you are finished?

Costs such as labor, materials, equipment, or sub-contractors are examples of ________ project costs.

Reducing project duration

What is crashing? Include a discussion of crash time and crash cost.

Which of the following correctly calculates an activity's cost slope?

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