Use this information to answer the following questions. Jamie is planning a trip overseas.A variety of activities must be completed before her departure.The following table describes the relationships between these activities. \[\begin{array} { c l } & \text { Immediate } \\ \text { Activity } & \text { Predecessors } \\ \text { A } & - \\ \text { B } & \text { A } \\ \text { C } & \text { A } \\ \text { D } & \text { B, C } \\ \text { E } & \text { B, C } \\ \text { F } & \text { D, E } \\ \text { G } & \text { F } \end{array}\] -Refer to the information above.Jamie was able to estimate the activity times as shown in the table below. a.Calculate the earliest and latest start and finish times for each activity. \[\begin{array} { c l l } \text { Activity } & \text { Time (Days) } \\ \text { A } & 4 \\ \text { B } & 4 \\ \text { C } & 5 \\ \text { D } & 3 \\ \text { E } & 3 \\ \text { F } & 2 \\ \text { G } & 1 \end{array}\] b.Calculate the slack for each activity. c.Determine the critical path. d.Determine the length of the project.

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Use this information to answer the following questions. A university needs to prepare a banquet for its graduating seniors.The following information describes the relationships between the activities that need to be completed for this banquet. \[\begin{array} { c l l } & \text { Immediate } \\ \text { Activity } & \text { Predecessors } \\ \text { A } & - \\ \text { B } & - \\ \text { C } & \text { A, B } \\ \text { D } & \text { C } \\ \text { E } & \text { C } \\ \text { F } & \text { D, E } \\ \text { G } & \text { E } \\ \text { H } & \text { F, G } \end{array}\] -Using the data above,develop a network for this banquet.

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Use this information to answer the following questions. Consider the following set of activities that need to be completed by a chef to cook dinner for a party of 30 guests. \[\begin{array} { c l l } & \text { Immediate } \\ \text { Activity } & \text { Predecessors } \\ \hline \text { A } & - \\ \text { B } & \text { A } \\ \text { C } & \text { A } \\ \text { D } & \text { B, C } \\ \text { E } & \text { C } \\ \text { F } & \text { D, E } \end{array}\] -Using the data above,develop a network for this project.

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Use this information to answer the following questions. Consider the following set of activities that must be completed in order to prep a new home for painting. $\begin{array}{cl} & \text { Immediate } \\ \text { Activity } & \text { Predecessors } \\ \hline \text { A } & - \\ \text { B } & - \\ \text { C } & \text { A, B } \\ \text { D } & \text { C } \\ \text { E } & \text { C } \\ \text { F } & \text { D, E } \\ \text { G } & \text { E } \\ \text { H } & \text { F, G } \end{array}$ -Using this data above,develop a network for this project.

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Exam 7: Project Management

Use this information to answer the following questions. Consider the following set of activities that need to be completed by a chef to cook dinner for a party of 30 guests. Immediate Activity Predecessors A - B A C A D B, C E C F D, E -Refer to the information above.Assume that the chef was able to estimate the number of hours needed to complete each activity as follows. Activity Optimistic time Most Likely Time Pessimistic Time A 1 2 3 B 1 2 2 C 2 3 4 D 3 5 6 E 4 5 6 F 3 6 7 Determine the probability that the project will be completed in a.Less than 14 hours. b.Greater than 14 hours. c.Less than 17 hours. d.Greater than 17 hours.

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Question 1

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$\begin{array} { | l | c | } \hline \text { Completion Time } & \text { Probability of completing project } \\\hline \text { Less than } 14 \text { hours: } & 2.54 \% \\\hline \text { Greater than } 14 \text { hours: } & 97.46 \% \\\hline \text { Less than } 17 \text { hours: } & 93.45 \% \\\hline \text { Greater than } 17 \text { hours: } & 6.55 \% \\\hline\end{array}$

Use this information to answer the following questions. Jamie is planning a trip overseas.A variety of activities must be completed before her departure.The following table describes the relationships between these activities. Immediate Activity Predecessors A - B A C A D B, C E B, C F D, E G F -Refer to the information above.Jamie was able to estimate the activity times as shown in the table below. a.Calculate the earliest and latest start and finish times for each activity. Activity Time (Days) A 4 B 4 C 5 D 3 E 3 F 2 G 1 b.Calculate the slack for each activity. c.Determine the critical path. d.Determine the length of the project.

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Question 2

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Use this information to answer the following questions. A university needs to prepare a banquet for its graduating seniors.The following information describes the relationships between the activities that need to be completed for this banquet. Immediate Activity Predecessors A - B - C A, B D C E C F D, E G E H F, G -Refer to the information above.Assume that the catering manager was able to estimate the number of hours needed to complete each activity as follows. Activity Optimistictime Most Likely Time Pessimistic Time A 2 3 5 B 4 6 7 C 3 4 5 D 2 3 5 E 1 2 3 F 5 7 11 G 6 8 9 H 4 6 7 a.Use PERT to identify the expected time and variance for each activity. b.What is the critical path? c.What is the expected time and variance of the critical path? d.Determine the expected completion time of the project.

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Question 3

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$\begin{array}{|c|c|c|c|c|c|}\hline & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } & \text { Expected } \\\hline \text { Activity } & \text { Time } & \text { Time } & \text { Time } & \text { Time } & \text { Variance } \\\hline \text { A } & 2 & 3 & 5 & 3.17 & 0.25 \\\hline \text { B } & 4 & 6 & 7 & 5.83 & 0.25 \\\hline \text { C } & 3 & 4 & 5 & 4.00 & 0.11 \\\hline \text { D } & 2 & 3 & 5 & 3.17 & 0.25 \\\hline \text { E } & 1 & 2 & 3 & 2.00 & 0.11 \\\hline \text { F } & 5 & 7 & 11 & 7.33 & 1.00 \\\hline \text { G } & 6 & 8 & 9 & 7.83 & 0.25 \\\hline \text { H } & 4 & 6 & 7 & 5.83 & 0.25 \\\hline & & & & & \\\hline & & & & & \\\hline \text { Critical path: } & \text { B.C.D.F.H } & & & & \\\hline \text { Critical path expected time: } & 26.16 & & & & \\\hline \text { Critical path variance: } & 1.86 & & & & \\\hline \text { Expected project completion } & 26.16 & & & & \\\hline\end{array}$

To find the expected activity time,t,the Beta distribution weighs a,m,and b equally.

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Question 4

Use this information to answer the following questions. Consider the following Activity-On-Node (AON)PERT project.The three values that represent each activity's completion time (in days)correspond to an optimistic time,most likely time,and pessimistic time,respectively. -Refer to the figure.What deadline should be set to ensure a 99% probability that the project will be completed within the deadline date?

(Multiple Choice)

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Question 5

In managing project costs,a weekly budget is only formed using EST values.

(True/False)

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Question 6

Use this information to answer the following questions. Consider the following Activity-On-Node (AON)project (activity completion times are in days). -Refer to the figure.Determine the latest start time (LST)and latest finish time (LFT)of activity B.

(Multiple Choice)

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Question 7

Which of the following statements about the project budgeting process is True?

(Multiple Choice)

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Question 8

Use this information to answer the following questions. A university needs to prepare a banquet for its graduating seniors.The following information describes the relationships between the activities that need to be completed for this banquet. Immediate Activity Predecessors A - B - C A, B D C E C F D, E G E H F, G -Using the data above,develop a network for this banquet.

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Question 9

A graph that plots the total resources needed per period vs.time is called a(n)________.

(Multiple Choice)

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Question 10

Use this information to answer the following questions. Consider the following Activity-On-Node (AON)PERT project.The three values that represent each activity's completion time (in days)correspond to an optimistic time,most likely time,and pessimistic time,respectively. -Refer to the figure.What is the expected completion time of the critical path?

(Multiple Choice)

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Question 11

Suppose that the amount of time it takes to process insurance claims is normally distributed with a mean of 12 weeks and a variance of 9 weeks.Find the number of weeks which the insurance company is a.99% sure the next claim will be completed by. b.95% sure the next claim will be completed by. c.90% sure the next claim will be completed by. d.80% sure the next claim will be completed by.

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Question 12

Use this information to answer the following questions. Consider the following Activity-On-Node (AON)project (activity completion times are in days). -Refer to the figure.How long will take to complete the project?

(Multiple Choice)

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Question 13

Which of the following statements about project crashing is False?

(Multiple Choice)

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Question 14

The crash cost per period is computed as: (crash cost - standard cost)/(standard time - crash time).

(True/False)

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Question 15

Use this information to answer the following questions. Consider the following set of activities that need to be completed by a chef to cook dinner for a party of 30 guests. Immediate Activity Predecessors A - B A C A D B, C E C F D, E -Using the data above,develop a network for this project.

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Question 16

Use this information to answer the following questions. Consider the following set of activities that must be completed in order to prep a new home for painting. Immediate Activity Predecessors A - B - C A, B D C E C F D, E G E H F, G -Using this data above,develop a network for this project.

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Question 17

In an Activity-On-Node (AON)network,arcs denote activities.

(True/False)

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Question 18

PERT is a probabilistic technique,whereas CPM is a deterministic technique.

(True/False)

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Question 19

Use this information to answer the following questions. Consider the following Activity-On-Node (AON)project (activity completion times are in days). -Refer to the figure.What are the immediate successor(s)of activity C?

(Multiple Choice)

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Question 20

To find the expected activity time,t,the Beta distribution weighs a,m,and b equally.

In managing project costs,a weekly budget is only formed using EST values.

Use this information to answer the following questions. Consider the following Activity-On-Node (AON)project (activity completion times are in days). -Refer to the figure.Determine the latest start time (LST)and latest finish time (LFT)of activity B.

Which of the following statements about the project budgeting process is True?

A graph that plots the total resources needed per period vs.time is called a(n)________.

Use this information to answer the following questions. Consider the following Activity-On-Node (AON)project (activity completion times are in days). -Refer to the figure.How long will take to complete the project?

Which of the following statements about project crashing is False?

The crash cost per period is computed as: (crash cost - standard cost)/(standard time - crash time).

Use this information to answer the following questions. Consider the following set of activities that need to be completed by a chef to cook dinner for a party of 30 guests. Immediate Activity Predecessors A - B A C A D B, C E C F D, E -Using the data above,develop a network for this project.

Use this information to answer the following questions. Consider the following set of activities that must be completed in order to prep a new home for painting. Immediate Activity Predecessors A - B - C A, B D C E C F D, E G E H F, G -Using this data above,develop a network for this project.

In an Activity-On-Node (AON)network,arcs denote activities.

PERT is a probabilistic technique,whereas CPM is a deterministic technique.

Use this information to answer the following questions. Consider the following Activity-On-Node (AON)project (activity completion times are in days). -Refer to the figure.What are the immediate successor(s)of activity C?

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