Question 1

List and briefly explain five priority rules used to assign preference to activities when allocating scarce resources.

Accepted Answer

Not Answered

Question 2

The amount of resources a project can use depends in part on the timing of the allocation.

Accepted Answer

A) True 
 B)False  True

Question 3

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  False

Question 4

The practice of assigning project team members to multiple projects is called…

Accepted Answer

A)  concurrent engineering 
B)  parallel activities 
C)  fast-tracking 
D)  project crashing 
E)  multitasking 
A)  concurrent engineering 
B)  parallel activities 
C)  fast-tracking 
D)  project crashing 
E)  multitasking

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

Good project managers are able to estimate project task times with absolute certainty.

Accepted Answer

A) True 
 B)False

Question 7

A resource allocation decision may be intended to avoid a future problem rather than correct a current problem.

Accepted Answer

A) True 
 B)False

Question 8

A project that must be completed by a specific time is considered…

Accepted Answer

A)  time constrained 
B)  schedule constrained 
C)  resource constrained 
D)  performance constrained 
E)  critically constrained 
A)  time constrained 
B)  schedule constrained 
C)  resource constrained 
D)  performance constrained 
E)  critically constrained

Question 9

Projects often compete with each other for the same resources.

Accepted Answer

A) True 
 B)False

Question 10

The as late as possible priority rule is considered the standard scheduling rule.

Accepted Answer

A) True 
 B)False

Question 11

All projects are carried out under conditions of uncertainty.

Accepted Answer

A) True 
 B)False

Question 12

A task has a normal duration of 9 days and a crash duration of 7 days. Its normal cost is $40 and its crash cost is $100. What is the crash cost per day?

Accepted Answer

A)  $140 
B)  $70 
C)  $50 
D)  $40 
E)  $30 
A)  $140 
B)  $70 
C)  $50 
D)  $40 
E)  $30

Question 13

According to research, the best overall priority rule is…

Accepted Answer

A)  as soon as possible 
B)  as late as possible 
C)  shortest task duration first 
D)  minimum slack first 
E)  most critical successor 
A)  as soon as possible 
B)  as late as possible 
C)  shortest task duration first 
D)  minimum slack first 
E)  most critical successor

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A)  operations overlapping 
B)  concurrent engineering 
C)  fast-tracking 
D)  concurrent construction 
E)  construction overlapping 
A)  operations overlapping 
B)  concurrent engineering 
C)  fast-tracking 
D)  concurrent construction 
E)  construction overlapping

Question 17

What is fast-tracking a project?

Accepted Answer

The answer of What is fast-tracking a project?...

Question 18

Which of the following is not considered a resource?

Accepted Answer

A)  Money 
B)  People 
C)  Equipment 
D)  Material 
E)  None of the above 
A)  Money 
B)  People 
C)  Equipment 
D)  Material 
E)  None of the above

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

. The shortest duration task first rule minimizes the number of tasks that can be completed by s system in a given time period.

Accepted Answer

A) True 
 B)False

List and briefly explain five priority rules used to assign preference to activities when allocating scarce resources.

The amount of resources a project can use depends in part on the timing of the allocation.

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

The practice of assigning project team members to multiple projects is called…

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

Good project managers are able to estimate project task times with absolute certainty.

A resource allocation decision may be intended to avoid a future problem rather than correct a current problem.

A project that must be completed by a specific time is considered…

Projects often compete with each other for the same resources.

The as late as possible priority rule is considered the standard scheduling rule.

All projects are carried out under conditions of uncertainty.

A task has a normal duration of 9 days and a crash duration of 7 days. Its normal cost is $40 and its crash cost is $100. What is the crash cost per day?

According to research, the best overall priority rule is…

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

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

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

What is fast-tracking a project?

Which of the following is not considered a resource?

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

. The shortest duration task first rule minimizes the number of tasks that can be completed by s system in a given time period.

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

List and briefly explain five priority rules used to assign preference to activities when allocating scarce resources.

The amount of resources a project can use depends in part on the timing of the allocation.

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

The practice of assigning project team members to multiple projects is called…

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

Good project managers are able to estimate project task times with absolute certainty.

A resource allocation decision may be intended to avoid a future problem rather than correct a current problem.

A project that must be completed by a specific time is considered…

Projects often compete with each other for the same resources.

The as late as possible priority rule is considered the standard scheduling rule.

All projects are carried out under conditions of uncertainty.

A task has a normal duration of 9 days and a crash duration of 7 days. Its normal cost is $40 and its crash cost is $100. What is the crash cost per day?

According to research, the best overall priority rule is…

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

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

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

What is fast-tracking a project?

Which of the following is not considered a resource?

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

. The shortest duration task first rule minimizes the number of tasks that can be completed by s system in a given time period.

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