Exam 18: Project Management for New Products and Processes

Each node marks:

Using cost/time tradeoffs permits a firm to _____.

Explain activities on nodes (AON) networks.

Compare and contrast change management projects and control management processes.

The following table refers to a project to build a prototype for a gym and exercise facility. Draw a CPM network and calculate ES,EF,LS,and LF for each activity.Alternatively,create the table for ES,EF,LS,and LF.Calculate slack for each activity and identify the critical path.

PERT is the acronymic name for the shortest time-path from start to finish of the project.

When two or more arrows converge at a single node,choose the smallest value of EF among the converging arrows for the ES value of the next activity.

The project manager views activities with small amounts of slack as the activities that demand constant attention because slippage (especially when there is zero slack) results in project delay.

Which factors are important aspects of project management?

Resource leveling is an excellent example of fancy bells and whistles which should only be used when the fundamentals of the project's design and analysis have been completed.

Which choice is one of the three different methods for obtaining estimates?

Concurrent project management is characterized by production managers having the opportunity to work on marketing issues and then marketing has a lot of leeway to work on production problems.

_____ management calls on all of the skills required to manage several very complex project phases and stages with numerous locations,suppliers,and workers.

Resource leveling cannot be used effectively to manage multiple projects.

Resource leveling seeks to move people from understaffed activities to those that are overstaffed.

Networks representations often consist of arrows and nodes.The arrows connect the nodes while providing a sense of direction by means of the arrow heads.

Which are characteristics of good project managers?

Which of the choices below translates to identification of activities that fall along the critical path?

Resource leveling:

To spend sensibly to decrease the length of the critical path,as a rule of thumb,select first those activities that provide the largest decrease in project time for the least amount of investment.