Question 1

Which one of the following statements best describes the critical path of a project network?

Accepted Answer

A)  It is the sequence of activities between a project's start and finish that has the maximum amount of slack. 
B)  It is the sequence of activities that has the smallest normal activity cost. 
C)  It is the set of activities that has the smallest total number of predecessors. 
D)  It is the sequence of activities between a project's start and finish that takes the longest time to complete. 
A)  It is the sequence of activities between a project's start and finish that has the maximum amount of slack. 
B)  It is the sequence of activities that has the smallest normal activity cost. 
C)  It is the set of activities that has the smallest total number of predecessors. 
D)  It is the sequence of activities between a project's start and finish that takes the longest time to complete.

Question 2

Nonfinancial evaluation criteria may include risk tolerances, potential market development options, or political reasons.

Accepted Answer

A) True 
 B)False

Question 3

Using the data supplied, if a decision is made to crash activity C, what is the cost for this one week of crashing?

Accepted Answer

A)  $2,000 
B)  This activity cannot be crashed. 
C)  $3,000 
D)  $2,500 
A)  $2,000 
B)  This activity cannot be crashed. 
C)  $3,000 
D)  $2,500

Question 4

A(n) __________ has specific goals, linked work steps with a specified timeline, a clear start and finish, and is fairly unique and nonrepetitive.

Accepted Answer

The answer of A(n) __________ has specific goals, linked work...

Question 5

What is the project duration for the project network shown in the following diagram?

Accepted Answer

A)  20 
B)  13 
C)  15 
D)  14 
A)  20 
B)  13 
C)  15 
D)  14

Question 6

Reducing project activity expected times or adding more resources (people/tools) to our project is called crashing a project.

Accepted Answer

A) True 
 B)False

Question 7

Using the information shown in the previous table, what is the earliest finish time for activity F?

Accepted Answer

A)  6 
B)  0 
C)  4 
D)  11 
A)  6 
B)  0 
C)  4 
D)  11

Question 8

The "dual-boss" problem occurs in a

Accepted Answer

A)  matrix organizational structure 
B)  pure project type structure 
C)  functional organizational structure 
D)  multilayered organizational structure 
A)  matrix organizational structure 
B)  pure project type structure 
C)  functional organizational structure 
D)  multilayered organizational structure

Question 9

Having actively engaged executive sponsors is the top driver of project success.

Accepted Answer

A) True 
 B)False

Question 10

Evaluation methods used for projects with uncertain cash flows with estimated probabilities include the EMV.

Accepted Answer

A) True 
 B)False

Question 11

Real options theory from finance is finding use in valuing project growth, deferment, stage, scale, switching, and abandonment options.

Accepted Answer

A) True 
 B)False

Question 12

Describe and explain the five planning steps in project management as applied to writing a term paper for an operations management class.

Accepted Answer

The five planning steps in project manag

Which one of the following statements best describes the critical path of a project network?

Nonfinancial evaluation criteria may include risk tolerances, potential market development options, or political reasons.

Using the data supplied, if a decision is made to crash activity C, what is the cost for this one week of crashing?

A(n) __________ has specific goals, linked work steps with a specified timeline, a clear start and finish, and is fairly unique and nonrepetitive.

What is the project duration for the project network shown in the following diagram?

Reducing project activity expected times or adding more resources (people/tools) to our project is called crashing a project.

Using the information shown in the previous table, what is the earliest finish time for activity F?

The "dual-boss" problem occurs in a

Having actively engaged executive sponsors is the top driver of project success.

Evaluation methods used for projects with uncertain cash flows with estimated probabilities include the EMV.

Real options theory from finance is finding use in valuing project growth, deferment, stage, scale, switching, and abandonment options.

Describe and explain the five planning steps in project management as applied to writing a term paper for an operations management class.

Operations Management and You

Designing Products and Processes

Process and Service Design

Managing Processes

Forecasting

Capacity Planning

Managing Capacity

Managing Inventory

Managing Quality

Supply Chain Design

Managing Supply Chains

Finding the Right Location

Filters

Exam 13: Working With Projects

Which one of the following statements best describes the critical path of a project network?

Nonfinancial evaluation criteria may include risk tolerances, potential market development options, or political reasons.

Using the data supplied, if a decision is made to crash activity C, what is the cost for this one week of crashing?

A(n) __________ has specific goals, linked work steps with a specified timeline, a clear start and finish, and is fairly unique and nonrepetitive.

What is the project duration for the project network shown in the following diagram?

Reducing project activity expected times or adding more resources (people/tools) to our project is called crashing a project.

Using the information shown in the previous table, what is the earliest finish time for activity F?

The "dual-boss" problem occurs in a

Having actively engaged executive sponsors is the top driver of project success.

Evaluation methods used for projects with uncertain cash flows with estimated probabilities include the EMV.

Real options theory from finance is finding use in valuing project growth, deferment, stage, scale, switching, and abandonment options.

Describe and explain the five planning steps in project management as applied to writing a term paper for an operations management class.

Operations Management and You

Designing Products and Processes

Process and Service Design

Managing Processes

Forecasting

Capacity Planning

Managing Capacity

Managing Inventory

Managing Quality

Supply Chain Design

Managing Supply Chains

Finding the Right Location

Filters