Question 1

What is fast-tracking a project?

Accepted Answer

In addition to crashing a project in ord

Question 2

One limitation of Microsoft Project is that all resources must share the same availability calendar.

Accepted Answer

A) True 
 B)False

Question 3

Crashing non-critical activities will influence project duration.

Accepted Answer

A) True 
 B)False

Question 4

Task duration is not necessarily dictated by the amount of labor required to complete the task.

Accepted Answer

A) True 
 B)False

Question 5

A task's duration is a function of both the amount of labor required to complete the task as well as the cost required to complete it.

Accepted Answer

A) True 
 B)False

Question 6

Mark, the chief editor of a magazine, needs to create a list of all the in-house writers, designers, and freelancers who will be working on the next issue of the magazine. He also needs to list their activities, their schedules, and their cost per hour. In the context of project management, which of the following should Mark use to create this list?

Accepted Answer

A)  Project crashing 
B)  Project chartering 
C)  Standard buffering 
D)  Fast-tracking 
E)  Resource loading 
A)  Project crashing 
B)  Project chartering 
C)  Standard buffering 
D)  Fast-tracking 
E)  Resource loading

Question 7

Pools of like resources from which labor can be added temporarily to projects raise the cost of managing the project.

Accepted Answer

A) True 
 B)False

Question 8

Vanessa, a student, has to submit two assignments, A and B, on the same day. Each assignment is divided into three tasks. She has to write the first draft, check it for accuracy, and let her friend review it before submission. Each of these tasks takes 5 hours. In order to multitask effectively, Vanessa should:

Accepted Answer

A)  complete the first two tasks of assignment A and start on assignment B while her friend reviews assignment A. 
B)  complete both assignments simultaneously for her friend to review. 
C)  complete the first task for each assignment before moving on to the second task and so on. 
D)  complete assignment B after assignment A has been reviewed. 
E)  complete assignment A after assignment B has been reviewed. 
A)  complete the first two tasks of assignment A and start on assignment B while her friend reviews assignment A. 
B)  complete both assignments simultaneously for her friend to review. 
C)  complete the first task for each assignment before moving on to the second task and so on. 
D)  complete assignment B after assignment A has been reviewed. 
E)  complete assignment A after assignment B has been reviewed.

Question 9

Explain the concept of a feeding buffer.

Accepted Answer

In the context of a project network, the

Question 10

The safety time added to chains other than the critical chain is called…

Accepted Answer

A)  feeding buffer 
B)  project buffer 
C)  path buffer 
D)  critical buffer 
E)  team buffer 
A)  feeding buffer 
B)  project buffer 
C)  path buffer 
D)  critical buffer 
E)  team buffer

Question 11

Projects often compete with each other for the same resources.

Accepted Answer

A) True 
 B)False

Question 12

Pools of like resources from which labor can be added temporarily to projects tend to increase costs for the firm as a whole.

Accepted Answer

A) True 
 B)False

Question 13

The following describes which priority rule: With this rule, the greater the use of a specific resource on a task, the higher the task's priority for the resource.

Accepted Answer

A)  Most successors 
B)  Most resources first 
C)  Shortest task duration first 
D)  Minimum slack first 
E)  Most critical followers 
A)  Most successors 
B)  Most resources first 
C)  Shortest task duration first 
D)  Minimum slack first 
E)  Most critical followers

Question 14

All of the following are criteria available to help choose the priority rule mentioned in the textbook except;

Accepted Answer

A)  Schedule slippage 
B)  Project cost 
C)  resource utilization 
D)  in-process inventory 
A)  Schedule slippage 
B)  Project cost 
C)  resource utilization 
D)  in-process inventory

Question 15

When crashing a task, the usual assumption is that a task is crashed the full amount or none at all.

Accepted Answer

A) True 
 B)False

Question 16

When the work is routine, fast-tracking rarely causes serious problems.

Accepted Answer

A) True 
 B)False

Question 17

The following describes which priority rule: Activities are scheduled to start on their earliest start times (ES), and resources are made available with that in mind.

Accepted Answer

A)  As soon as possible 
B)  As late as possible 
C)  Shortest task duration first 
D)  Minimum slack first 
E)  Most critical followers 
A)  As soon as possible 
B)  As late as possible 
C)  Shortest task duration first 
D)  Minimum slack first 
E)  Most critical followers

Question 18

The following describes which priority rule: This rule maximizes the number of tasks that can be completed by a system in a given time period.

Accepted Answer

A)  As soon as possible 
B)  As late as possible 
C)  Shortest task duration first 
D)  Minimum slack first 
E)  Most critical followers 
A)  As soon as possible 
B)  As late as possible 
C)  Shortest task duration first 
D)  Minimum slack first 
E)  Most critical followers

Question 19

It is considered good management to crash the least costly activities before the more costly ones.

Accepted Answer

A) True 
 B)False

Question 20

Trade-offs must be made in order to optimize the use of limited resources.

Accepted Answer

A) True 
 B)False

What is fast-tracking a project?

One limitation of Microsoft Project is that all resources must share the same availability calendar.

Crashing non-critical activities will influence project duration.

Task duration is not necessarily dictated by the amount of labor required to complete the task.

A task's duration is a function of both the amount of labor required to complete the task as well as the cost required to complete it.

Pools of like resources from which labor can be added temporarily to projects raise the cost of managing the project.

Explain the concept of a feeding buffer.

The safety time added to chains other than the critical chain is called…

Projects often compete with each other for the same resources.

Pools of like resources from which labor can be added temporarily to projects tend to increase costs for the firm as a whole.

The following describes which priority rule: With this rule, the greater the use of a specific resource on a task, the higher the task's priority for the resource.

All of the following are criteria available to help choose the priority rule mentioned in the textbook except;

When crashing a task, the usual assumption is that a task is crashed the full amount or none at all.

When the work is routine, fast-tracking rarely causes serious problems.

The following describes which priority rule: Activities are scheduled to start on their earliest start times (ES), and resources are made available with that in mind.

The following describes which priority rule: This rule maximizes the number of tasks that can be completed by a system in a given time period.

It is considered good management to crash the least costly activities before the more costly ones.

Trade-offs must be made in order to optimize the use of limited resources.

The World of Project Management

The Manager, the Organization, and the Team

Planning the Project

Budgeting the Project

Scheduling the Project

Monitoring and Controlling the Project

Evaluating and Terminating the Project

Filters

Exam 6: Allocating Resources to the Project

What is fast-tracking a project?

One limitation of Microsoft Project is that all resources must share the same availability calendar.

Crashing non-critical activities will influence project duration.

Task duration is not necessarily dictated by the amount of labor required to complete the task.

A task's duration is a function of both the amount of labor required to complete the task as well as the cost required to complete it.

Pools of like resources from which labor can be added temporarily to projects raise the cost of managing the project.

Explain the concept of a feeding buffer.

The safety time added to chains other than the critical chain is called…

Projects often compete with each other for the same resources.

Pools of like resources from which labor can be added temporarily to projects tend to increase costs for the firm as a whole.

The following describes which priority rule: With this rule, the greater the use of a specific resource on a task, the higher the task's priority for the resource.

All of the following are criteria available to help choose the priority rule mentioned in the textbook except;

When crashing a task, the usual assumption is that a task is crashed the full amount or none at all.

When the work is routine, fast-tracking rarely causes serious problems.

The following describes which priority rule: Activities are scheduled to start on their earliest start times (ES), and resources are made available with that in mind.

The following describes which priority rule: This rule maximizes the number of tasks that can be completed by a system in a given time period.

It is considered good management to crash the least costly activities before the more costly ones.

Trade-offs must be made in order to optimize the use of limited resources.

The World of Project Management

The Manager, the Organization, and the Team

Planning the Project

Budgeting the Project

Scheduling the Project

Monitoring and Controlling the Project

Evaluating and Terminating the Project

Filters