Question 1

The costs associated with risk events tend to be lower near the beginning of a project and higher near the end of the project.

Accepted Answer

A) True 
 B)False  True

Question 2

A project is represented by the following diagram:  
The critical path for the network shown is:

Accepted Answer

A)  a-c-g. 
B)  a-d-f-g. 
C)  a-d-h-i. 
D)  b-e-f-g. 
E)  b-e-h-i. 
A)  a-c-g. 
B)  a-d-f-g. 
C)  a-d-h-i. 
D)  b-e-f-g. 
E)  b-e-h-i. D

Question 3

If an activity is determined to be on the critical path, that means that unlike activities that are not on the critical path, it will affect project:

Accepted Answer

A)  direct costs. 
B)  performance. 
C)  quality. 
D)  conflict. 
E)  duration. 
A)  direct costs. 
B)  performance. 
C)  quality. 
D)  conflict. 
E)  duration. E

Question 4

Consider the following work breakdown structure:  
What is the estimated standard deviation in the time for activity Z?

Accepted Answer

A)  3 days 
B)  2 days 
C)  4 days 
D)  8 days 
E)  5 days 
A)  3 days 
B)  2 days 
C)  4 days 
D)  8 days 
E)  5 days

Question 5

Consider the following work breakdown structure:  
What is the estimated slack time for activity E?

Accepted Answer

A)  0 weeks 
B)  3 weeks 
C)  9 weeks 
D)  11 weeks 
E)  12 weeks 
A)  0 weeks 
B)  3 weeks 
C)  9 weeks 
D)  11 weeks 
E)  12 weeks

Question 6

The earliest finish time for an activity is equal to the latest finish time minus the activity slack.

Accepted Answer

A) True 
 B)False

Question 7

Consider the following work breakdown structure:  
What is the estimated standard deviation in the time for activity E?

Accepted Answer

A)  2 days 
B)  3 days 
C)  4 days 
D)  16 days 
E)  24 days 
A)  2 days 
B)  3 days 
C)  4 days 
D)  16 days 
E)  24 days

Question 8

Consider the following work breakdown structure:  
What is the probability that the critical path for this project will be completed within 200 days?

Accepted Answer

A)  0.8413 
B)  0.9544 
C)  0.9772 
D)  0.9974 
E)  0.9987 
A)  0.8413 
B)  0.9544 
C)  0.9772 
D)  0.9974 
E)  0.9987

Question 9

Consider the following work breakdown structure:  
What is the estimated expected (mean) time for activity Y?

Accepted Answer

A)  30 days 
B)  29 days 
C)  38 days 
D)  26 days 
E)  35 days 
A)  30 days 
B)  29 days 
C)  38 days 
D)  26 days 
E)  35 days

Question 10

In order to determine the probability of timely project completion, it is sometimes necessary to take into account paths other than the critical path.

Accepted Answer

A) True 
 B)False

Question 11

A method used for establishing a logical framework for identifying the required activities for the project is called:

Accepted Answer

A)  work breakdown structurE. 
B)  PERT. 
C)  planning matrix. 
D)  crashing. 
E)  critical path analysis. 
A)  work breakdown structurE. 
B)  PERT. 
C)  planning matrix. 
D)  crashing. 
E)  critical path analysis.

Question 12

Consider the following work breakdown structure:  
What is the estimated expected (mean) time for project completion?

Accepted Answer

A)  41 days 
B)  70 days 
C)  100 days 
D)  120 days 
E)  221 days 
A)  41 days 
B)  70 days 
C)  100 days 
D)  120 days 
E)  221 days

Question 13

The standard deviation of the critical path is equal to the sum of the standard deviations of all of the activities on the critical path.

Accepted Answer

A) True 
 B)False

Question 14

Consider the following work breakdown structure:  
What is the estimated standard deviation in the time for activity E?

Accepted Answer

A)  0 weeks 
B)  1 week 
C)  2 weeks 
D)  3 weeks 
E)  4 weeks 
A)  0 weeks 
B)  1 week 
C)  2 weeks 
D)  3 weeks 
E)  4 weeks

Question 15

Activity C has an early start time of 8, an early finish time of 12, a latest start time of 13, and a latest finish time of 17. Its slack is:

Accepted Answer

A)  0. 
B)  1. 
C)  4. 
D)  5. 
E)  9. 
A)  0. 
B)  1. 
C)  4. 
D)  5. 
E)  9.

Question 16

Which of the following are limitations of PERT and CPM?
(I) Time estimates may include a fudge factor.
(II) Important activities may be overlooked.
(III) It is an after-the-fact analysis.

Accepted Answer

A)  I and II 
B)  I, II, and III 
C)  I and III 
D)  II and III 
E)  I only 
A)  I and II 
B)  I, II, and III 
C)  I and III 
D)  II and III 
E)  I only

Question 17

In a project network, the critical path is the sequence of activities which has the:

Accepted Answer

A)  most activities. 
B)  most nodes. 
C)  most events. 
D)  longest duration. 
E)  greatest variance. 
A)  most activities. 
B)  most nodes. 
C)  most events. 
D)  longest duration. 
E)  greatest variance.

Question 18

Gantt charts are most closely associated with

Accepted Answer

A)  JIT. 
B)  PERT. 
C)  MRP. 
D)  MRPII. 
E)  Six Sigma. 
A)  JIT. 
B)  PERT. 
C)  MRP. 
D)  MRPII. 
E)  Six Sigma.

Question 19

The probability of occurrence of risk events is lower near the beginning of a project and higher near the end of the project since very few activities remain.

Accepted Answer

A) True 
 B)False

Question 20

Activities not on the critical path have a slack time equal to zero.

Accepted Answer

A) True 
 B)False

Exam 23: Project Management

The costs associated with risk events tend to be lower near the beginning of a project and higher near the end of the project.

A project is represented by the following diagram: The critical path for the network shown is:

If an activity is determined to be on the critical path, that means that unlike activities that are not on the critical path, it will affect project:

Consider the following work breakdown structure: What is the estimated standard deviation in the time for activity Z?

Consider the following work breakdown structure: What is the estimated slack time for activity E?

The earliest finish time for an activity is equal to the latest finish time minus the activity slack.

Consider the following work breakdown structure: What is the estimated standard deviation in the time for activity E?

Consider the following work breakdown structure: What is the probability that the critical path for this project will be completed within 200 days?

Consider the following work breakdown structure: What is the estimated expected (mean) time for activity Y?

In order to determine the probability of timely project completion, it is sometimes necessary to take into account paths other than the critical path.

A method used for establishing a logical framework for identifying the required activities for the project is called:

Consider the following work breakdown structure: What is the estimated expected (mean) time for project completion?

The standard deviation of the critical path is equal to the sum of the standard deviations of all of the activities on the critical path.

Consider the following work breakdown structure: What is the estimated standard deviation in the time for activity E?

Activity C has an early start time of 8, an early finish time of 12, a latest start time of 13, and a latest finish time of 17. Its slack is:

Which of the following are limitations of PERT and CPM? (I) Time estimates may include a fudge factor. (II) Important activities may be overlooked. (III) It is an after-the-fact analysis.

In a project network, the critical path is the sequence of activities which has the:

Gantt charts are most closely associated with

The probability of occurrence of risk events is lower near the beginning of a project and higher near the end of the project since very few activities remain.

Activities not on the critical path have a slack time equal to zero.

Introduction to Operations Management

Competitiveness

Forecasting

Product and Service Design

RELIABILITY – Static

Strategic Capacity Planning for Products and Services

Decision Theory– Static

Process Selection and Facility Layout

Work Design and Measurement

learning curve– Static

Location Planning and Analysis

The Transportation Model– Static

Management of Quality

Quality Control

Acceptance Sampling– Static

Aggregate Planning and Master Scheduling

MRP and ERP

Inventory Management

JIT and Lean Operations

Maintenance– Static

Supply Chain Management

Scheduling

Management of Waiting Lines

Linear Programming

Filters