Exam 18: Project Management for New Products and Processes

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Projects that are tracked by good information systems require more management time to produce controlled innovative success stories.

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What is the backward pass rule?

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How are projects defined?

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How was PERT developed and what was its intended use?

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Which of the following stages is NOT part of designing new products?

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The fundamental idea of resource leveling is to switch extra resources from places where they are not essential to places where they could be used immediately.

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Project quality is a _____ responsibility.

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Which of the following are considered to be part of the five project life-cycle stages?

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Knowledge management of complex systems is usually satisfied by explicit information alone.

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Engineering change orders often appear to be major alterations in the product design but turn out to be minor instead.

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If specific technical,technological,and production skill information can be transfered by written documents to company vendors,then they qualify as instances of explicit knowledge.

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When the variance of a noncritical project path is larger than the variance along the critical path,it is possible that the noncritical path will become critical.

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Good project-management methods do which of the following?

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Slack (associated with an activity) describes the amount of time that can be treated as a safety buffer for slippage.

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A Gantt project-planning chart is good for any project except those where visualizing the basic structure of the system is required.

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H & W construction have been awarded a job to replace the vinyl and carpet throughout Mr.Bruce's house.The team has prepared the following estimates.Below are the activities and times for installing a laminate floor. H & W construction have been awarded a job to replace the vinyl and carpet throughout Mr.Bruce's house.The team has prepared the following estimates.Below are the activities and times for installing a laminate floor.    Construct the appropriate network diagram and label the ES,EF,LS,and LF times.Alternatively,create the table of ES,EF,LS,and LF.What is the critical path? How many hours are in the critical path? Mrs.Bruce needs this time estimate to plan an upcoming party.Mrs.Bruce is hosting a house and garden party for her daughter,Daisy,and is anxious for the team to complete the project.H & W Construction will be paid an extra $15 per hour for early completion (any time less than the critical path).Tasks B,I,and J can be shortened.B by 2 hours;I and J by 5 hours;each reduction will cost $12 per hour.Which if any of the three tasks will you shorten? Construct the appropriate network diagram and label the ES,EF,LS,and LF times.Alternatively,create the table of ES,EF,LS,and LF.What is the critical path? How many hours are in the critical path? Mrs.Bruce needs this time estimate to plan an upcoming party.Mrs.Bruce is hosting a house and garden party for her daughter,Daisy,and is anxious for the team to complete the project.H & W Construction will be paid an extra $15 per hour for early completion (any time less than the critical path).Tasks B,I,and J can be shortened.B by 2 hours;I and J by 5 hours;each reduction will cost $12 per hour.Which if any of the three tasks will you shorten?

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_____enables the critical path to be identified and permits the determination of slack.

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_____ is when each activity will be done in the least possible or minimum time.

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When activities are represented as arrows,then the node circles are called:

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Normal time is associated with the minimum necessary spending on project activities because there is no great stress on completing the project as soon as possible.

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