Exam 6: Allocating Resources to the Project

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Which of the following rules maximizes the number of tasks that can be completed by a system in a given period of time?

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Microsoft Project allows the project manager to create an individual availability calendar for each resource on the project

(True/False)
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The shortest-task-first priority rule for assigning resources gives the best combination of minimum project slippage, minimum resource idle-time, and minimum in-process inventory

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Applying "line balancing" techniques to balance the capacity of a project typically yields significant benefits.

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

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If resources were not scarce, the resource allocation problem would be concerned solely with profit maximization.

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Starting the building phase before the design and planning phases is called…

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The shortest-task-first priority rule for assigning resources minimizes completion time but maximizes the level of in-process inventory.

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The primary cause of concern in resource allocation is…

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Walter, a project manager in a design agency, is using a project management software to manage his project. The agency he works for is currently prioritizing other projects and needs to conserve scarce resources. In the context of priority rules for allocating resources, which of the following rules should Walter use?

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Why are scarce resources referred to as "Walts"?

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The following describes which priority rule: The number of successors for each activity is counted. Activities with a higher number of successors take precedence.

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A limitation associated with traditional approaches to project management is that the dependency between resources and tasks is often ignored.

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The CPM method cannot be used when task durations are probabilistic.

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The variance of the normal time can be quite different from the variance of the crash time.

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Resource loading refers to the amounts of specific resources that are scheduled for use on specific activities or projects at specific times.

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Renly, a project manager in a construction company, has undertaken a project to construct a house. He estimates that the house will take 5 months to complete with his team of 10 workers. He also prepares a second estimate that allows the house to be completed in 2 months if 10 more workers are added to the team. Renly's second estimate is referred to as the _____.

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Explain the concept of a project buffer.

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The process of line balancing is when individual production lines are made to generate the required amount of product with a little excess capacity as possible.

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The following describes which priority rule: The number of successors on the critical path(s) for each activity is counted.

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