Question 1

For cost estimates,when project bidding is used,underestimating the cost of a job results in _____.

Accepted Answer

A) bids that are too low 
B) probability of losing money 
C) higher probabilities of the bid being accepted 
D) both a and b 
E) all of the above 
A) bids that are too low 
B) probability of losing money 
C) higher probabilities of the bid being accepted 
D) both a and b 
E) all of the above

Question 2

Unlike explicit knowledge,tacit knowledge never requires synchronous transmission.

Accepted Answer

A) True 
 B)False

Question 3

Which choice translates to allowable slippage in an activity's schedule along a slack path?

Accepted Answer

A) LS - ES > 0 
B) LF - EF > 0 
C) Slack > 0 
D) all of the above 
A) LS - ES > 0 
B) LF - EF > 0 
C) Slack > 0 
D) all of the above

Question 4

Project management requires good estimates to time to:

Accepted Answer

A) manage the critical path. 
B) use slack resources properly. 
C) both a and b 
D) neither a nor b 
A) manage the critical path. 
B) use slack resources properly. 
C) both a and b 
D) neither a nor b

Question 5

What does the control management process entail?

Accepted Answer

A) protecting the system with security and safety measuress 
B) running the system 
C) shielding the system from external disturbances 
D) controlling the inputs,transformations and outputs 
E) all of the above 
A) protecting the system with security and safety measuress 
B) running the system 
C) shielding the system from external disturbances 
D) controlling the inputs,transformations and outputs 
E) all of the above

Question 6

The following activities and immediate predecessors define a new classroom building construction project on a growing college campus:
   
Draw the CPM network diagram.Alternatively,create a table showing the ES,EF,LS,and LF for each activity.Calculate the early start time (ES),early finish time (EF),late start time (LS),late finish time (LF),and slack for each activity.

Accepted Answer

ES,EF,LS,and LF for each activity are gi

Question 7

In _____,project activities are the connecting arrows.Each arrow starts with a numbered node and ends with a larger numbered node.The arrow can be identified by these numbers.

Accepted Answer

A) AOL 
B) AON 
C) AOA 
D) EOA 
A) AOL 
B) AON 
C) AOA 
D) EOA

Question 8

Activity time estimation in the PERT system utilizes an optimistic estimate,a pessimistic estimate,and a most likely estimate of time required to complete each project activity.

Accepted Answer

A) True 
 B)False

Question 9

Correct information gathering is the function of marketing intelligence.

Accepted Answer

A) True 
 B)False

Question 10

_____ enables the project managers to determine how long it will take to complete the project.

Accepted Answer

A) Forward pass rule 
B) Backward pass rule 
C) Slack 
D) none of the above 
A) Forward pass rule 
B) Backward pass rule 
C) Slack 
D) none of the above

Question 11

The tactical aspect of resource leveling is that it can affect the entire system's timing without changing the budgets.

Accepted Answer

A) True 
 B)False

Question 12

PERT information systems show that team members are communicating with each other while monitoring progress.

Accepted Answer

A) True 
 B)False

Question 13

The existence of slack is an important condition for resource leveling.

Accepted Answer

A) True 
 B)False

Question 14

Projects are time-based endeavors that bring together skills and technology to accomplish goals.

Accepted Answer

A) True 
 B)False

Question 15

In-person,classroom teaching remains one of the best ways to transfer tacit information.

Accepted Answer

A) True 
 B)False

Question 16

PERT charts are introduced with deterministic estimates to keep the discussion focused on:

Accepted Answer

A) their construction. 
B) the determination of the critical path. 
C) both a and b 
D) neither a nor b 
A) their construction. 
B) the determination of the critical path. 
C) both a and b 
D) neither a nor b

Question 17

Which is the most essential rule that applies to project management?

Accepted Answer

A) Accurate time and cost estimates for all project activities are essential. 
B) Backup redundancy of activities should be increased. 
C) Expertise is not required to outline project activities and to sequence them correctly. 
D) Multiple project leaders are preferred. 
A) Accurate time and cost estimates for all project activities are essential. 
B) Backup redundancy of activities should be increased. 
C) Expertise is not required to outline project activities and to sequence them correctly. 
D) Multiple project leaders are preferred.

Question 18

Good resource allocation decisions are a P/OM project management responsibility.

Accepted Answer

A) True 
 B)False

Question 19

For managers responsible for multiple projects,the sharing of information in an efficient way is an opportunity for synergy and serendipity,through coordination of their efforts.

Accepted Answer

A) True 
 B)False

Question 20

Change management projects are unique work configurations that demand specific capabilities including leadership and teamwork.

Accepted Answer

A) True 
 B)False

For cost estimates,when project bidding is used,underestimating the cost of a job results in _____.

Unlike explicit knowledge,tacit knowledge never requires synchronous transmission.

Which choice translates to allowable slippage in an activity's schedule along a slack path?

Project management requires good estimates to time to:

What does the control management process entail?

In _____,project activities are the connecting arrows.Each arrow starts with a numbered node and ends with a larger numbered node.The arrow can be identified by these numbers.

Activity time estimation in the PERT system utilizes an optimistic estimate,a pessimistic estimate,and a most likely estimate of time required to complete each project activity.

Correct information gathering is the function of marketing intelligence.

_____ enables the project managers to determine how long it will take to complete the project.

The tactical aspect of resource leveling is that it can affect the entire system's timing without changing the budgets.

PERT information systems show that team members are communicating with each other while monitoring progress.

The existence of slack is an important condition for resource leveling.

Projects are time-based endeavors that bring together skills and technology to accomplish goals.

In-person,classroom teaching remains one of the best ways to transfer tacit information.

PERT charts are introduced with deterministic estimates to keep the discussion focused on:

Which is the most essential rule that applies to project management?

Good resource allocation decisions are a P/OM project management responsibility.

For managers responsible for multiple projects,the sharing of information in an efficient way is an opportunity for synergy and serendipity,through coordination of their efforts.

Change management projects are unique work configurations that demand specific capabilities including leadership and teamwork.

Product Line Planning and the Systems Approach

Productivity and Strategic Planning

Demand Creation and Predictive Planning

Understanding Quality: ITS Management and Strategic Importance

Process Configuration Strategies

Process Analysis and Redesign

Quality Assurance

Management of Technology Mot

Teamwork Planning Requires Job Design

Supply Chain Capacity Planning

Facilities Planning: Location and Layout

Materials Management Impacts All Supply Chain Participants

Aggregate Planning to Balance Supply and Demand

Inventory Management for Smooth and Continuous Demand Patterns

Material Requirements Planning Mrp for Sporadic Demand Patterns

Production Scheduling for Manufacturing and Service Operations

Cycle-Time Management Increases Productivity

Change Management With Faster Project Completions

Sustainability Issues: Environment, Ethics, and Security

Filters

Exam 18: Project Management for New Products and Processes

For cost estimates,when project bidding is used,underestimating the cost of a job results in _____.

Unlike explicit knowledge,tacit knowledge never requires synchronous transmission.

Which choice translates to allowable slippage in an activity's schedule along a slack path?

Project management requires good estimates to time to:

What does the control management process entail?

In _____,project activities are the connecting arrows.Each arrow starts with a numbered node and ends with a larger numbered node.The arrow can be identified by these numbers.

Activity time estimation in the PERT system utilizes an optimistic estimate,a pessimistic estimate,and a most likely estimate of time required to complete each project activity.

Correct information gathering is the function of marketing intelligence.

_____ enables the project managers to determine how long it will take to complete the project.

The tactical aspect of resource leveling is that it can affect the entire system's timing without changing the budgets.

PERT information systems show that team members are communicating with each other while monitoring progress.

The existence of slack is an important condition for resource leveling.

Projects are time-based endeavors that bring together skills and technology to accomplish goals.

In-person,classroom teaching remains one of the best ways to transfer tacit information.

PERT charts are introduced with deterministic estimates to keep the discussion focused on:

Which is the most essential rule that applies to project management?

Good resource allocation decisions are a P/OM project management responsibility.

For managers responsible for multiple projects,the sharing of information in an efficient way is an opportunity for synergy and serendipity,through coordination of their efforts.

Change management projects are unique work configurations that demand specific capabilities including leadership and teamwork.

Product Line Planning and the Systems Approach

Productivity and Strategic Planning

Demand Creation and Predictive Planning

Understanding Quality: ITS Management and Strategic Importance

Process Configuration Strategies

Process Analysis and Redesign

Quality Assurance

Management of Technology Mot

Teamwork Planning Requires Job Design

Supply Chain Capacity Planning

Facilities Planning: Location and Layout

Materials Management Impacts All Supply Chain Participants

Aggregate Planning to Balance Supply and Demand

Inventory Management for Smooth and Continuous Demand Patterns

Material Requirements Planning Mrp for Sporadic Demand Patterns

Production Scheduling for Manufacturing and Service Operations

Cycle-Time Management Increases Productivity

Change Management With Faster Project Completions

Sustainability Issues: Environment, Ethics, and Security

Filters