Question 1

In contracting a project to a third-party,the acronym BOOT means ______.

Accepted Answer

A) the third-party not only completes the project but also operates it for a while to demonstrate everything is functioning as it should 
B) the third-party not only completes the project but then pushes-or boots out-the project to the ultimate owner who then tests and operates the project 
C) if the project is not completed on time,the third-party contractor is booted out 
D) buy-organize-operate-terminate 
A) the third-party not only completes the project but also operates it for a while to demonstrate everything is functioning as it should 
B) the third-party not only completes the project but then pushes-or boots out-the project to the ultimate owner who then tests and operates the project 
C) if the project is not completed on time,the third-party contractor is booted out 
D) buy-organize-operate-terminate A

Question 2

An analysis of alternative approaches to a project is in the ______.

Accepted Answer

A) conceptualization stage of a project 
B) planning stage of a project 
C) conclusion stage of a project 
D) growth stage of a project 
A) conceptualization stage of a project 
B) planning stage of a project 
C) conclusion stage of a project 
D) growth stage of a project A

Question 3

Types of risks that a project can face include ______.

Accepted Answer

A) the possibility that the project runs into financial risks 
B) the possibility that the project is in compliance with government requirements 
C) the possibility that the project costs are significantly below that budgeted 
D) the possibility that the project is completed well ahead of schedule 
A) the possibility that the project runs into financial risks 
B) the possibility that the project is in compliance with government requirements 
C) the possibility that the project costs are significantly below that budgeted 
D) the possibility that the project is completed well ahead of schedule A

Question 4

Labeling activity nodes in the network is accomplished by ______.

Accepted Answer

A) the forward pass method 
B) the side-tracking method 
C) the project leader 
D) the appropriate government agency 
A) the forward pass method 
B) the side-tracking method 
C) the project leader 
D) the appropriate government agency

Question 5

Which of the following is NOT a characteristic of the inbound supply chain for many projects?

Accepted Answer

A) It is short. 
B) It is complex. 
C) It has many tiers of suppliers. 
D) It is long. 
A) It is short. 
B) It is complex. 
C) It has many tiers of suppliers. 
D) It is long.

Question 6

A statement of work ______.

Accepted Answer

A) is a detailed description of the work required for the project 
B) specifies the scope of work needed to be compliant with government regulations 
C) specifies the scope of work needed to be compliant with ISO regulations 
D) is a summary description of the project plan 
A) is a detailed description of the work required for the project 
B) specifies the scope of work needed to be compliant with government regulations 
C) specifies the scope of work needed to be compliant with ISO regulations 
D) is a summary description of the project plan

Question 7

Which of the following is an appropriate label for an activity node?

Accepted Answer

A) early start 
B) project manager's name 
C) cost of project 
D) applicable government regulation 
A) early start 
B) project manager's name 
C) cost of project 
D) applicable government regulation

Question 8

The groups that lobby against fossil fuels ______.

Accepted Answer

A) support wind farms 
B) lobby against solar farms 
C) support nuclear warfare 
D) are watched by the FBI 
A) support wind farms 
B) lobby against solar farms 
C) support nuclear warfare 
D) are watched by the FBI

Question 9

"Crashing" a project ______.

Accepted Answer

A) is speeding up a project's activities to accelerate its completion 
B) is equivalent to cancellation of a project 
C) is the unexpected termination of a project due to an external event (e.g.,a natural disaster) 
D) is the unexpected termination of a project due to an internal event (e.g.,poor management) 
A) is speeding up a project's activities to accelerate its completion 
B) is equivalent to cancellation of a project 
C) is the unexpected termination of a project due to an external event (e.g.,a natural disaster) 
D) is the unexpected termination of a project due to an internal event (e.g.,poor management)

Question 10

Which of the following statements is true with regard to a project life cycle?

Accepted Answer

A) Resource requirements are high at the beginning of the cycle. 
B) Resource requirements drop sharply as the project moves into advanced stages of development. 
C) Resource requirements are needed only during the defining stages of the project (i.e.,before the project actually begins). 
D) Note that as a project begins,the resources (man hours)needed for it are minimal but then increase sharply as the project moves to its conclusion 
A) Resource requirements are high at the beginning of the cycle. 
B) Resource requirements drop sharply as the project moves into advanced stages of development. 
C) Resource requirements are needed only during the defining stages of the project (i.e.,before the project actually begins). 
D) Note that as a project begins,the resources (man hours)needed for it are minimal but then increase sharply as the project moves to its conclusion

Question 11

Which of the following correctly pairs the type of risk with its description?

Accepted Answer

A) contractual risks: the risk of monetary loss 
B) commercial risks: the risk of personnel leaving the project 
C) financial risks: the risk of market not accepting a product 
D) technical risks: the risk posed by new technologies 
A) contractual risks: the risk of monetary loss 
B) commercial risks: the risk of personnel leaving the project 
C) financial risks: the risk of market not accepting a product 
D) technical risks: the risk posed by new technologies

Question 12

An activity network ______.

Accepted Answer

A) indicates the duration for each activity 
B) indicates how activities are best sequenced 
C) is part of the work breakdown structure 
D) is developed by using CPM 
A) indicates the duration for each activity 
B) indicates how activities are best sequenced 
C) is part of the work breakdown structure 
D) is developed by using CPM

Question 13

Which of the following statements about projects is true?

Accepted Answer

A) Projects are undertaken only by large companies. 
B) Projects may cost millions of dollars. 
C) Projects are undertaken only by small companies. 
D) Projects are supervised by government agencies. 
A) Projects are undertaken only by large companies. 
B) Projects may cost millions of dollars. 
C) Projects are undertaken only by small companies. 
D) Projects are supervised by government agencies.

Question 14

The project's specification is also known as ______.

Accepted Answer

A) the project milestone 
B) the project scale 
C) the project scope 
D) none of the these 
A) the project milestone 
B) the project scale 
C) the project scope 
D) none of the these

Question 15

Which of the following is an approach to managing the risk that a contractor may not complete a complex project properly?

Accepted Answer

A) Require the contractor to operate it for a while to demonstrate everything is functioning as it should. 
B) Award the same project to multiple contractors to improve the chances that one of the contractors will successfully finish the project. 
C) Guarantee that key employees from the contractor will have high-paying jobs with the primary company on successful completion of the contract. 
D) Recruit personnel on behalf of the contractor to ensure that high-quality resources are deployed in the project. 
A) Require the contractor to operate it for a while to demonstrate everything is functioning as it should. 
B) Award the same project to multiple contractors to improve the chances that one of the contractors will successfully finish the project. 
C) Guarantee that key employees from the contractor will have high-paying jobs with the primary company on successful completion of the contract. 
D) Recruit personnel on behalf of the contractor to ensure that high-quality resources are deployed in the project.

Question 16

In managing projects in supply chains,working with members of multiple cultures is one of the consequences of ______.

Accepted Answer

A) globalization 
B) monetarization 
C) air travel 
D) NAFTA 
A) globalization 
B) monetarization 
C) air travel 
D) NAFTA

Question 17

In the conceptualization stage of a project,the firm ______.

Accepted Answer

A) determines the purpose of the project 
B) develops a statement of work 
C) creates work breakdown structures 
D) establishes risk management techniques 
A) determines the purpose of the project 
B) develops a statement of work 
C) creates work breakdown structures 
D) establishes risk management techniques

Question 18

Project scheduling is ______.

Accepted Answer

A) the process of converting a project's goals into a logical method for completing it on time 
B) the process of identifying the period in the company's growth when the project should begin 
C) the process of identifying the time in the year when the project should begin 
D) the process of identifying the point in a product's life cycle when the project should begin 
A) the process of converting a project's goals into a logical method for completing it on time 
B) the process of identifying the period in the company's growth when the project should begin 
C) the process of identifying the time in the year when the project should begin 
D) the process of identifying the point in a product's life cycle when the project should begin

Question 19

To ensure that a contractor ships parts and supplies of high quality to the primary firm,the primary firm may ______.

Accepted Answer

A) position quality assessment personnel at the suppliers' work sites to monitor the quality of supplies that will be distributed to the primary firm 
B) contract for supplies only with friends and associates of the primary firm's management 
C) send the same purchase orders to multiple suppliers 
D) check each unit and each item received from the supplier 
A) position quality assessment personnel at the suppliers' work sites to monitor the quality of supplies that will be distributed to the primary firm 
B) contract for supplies only with friends and associates of the primary firm's management 
C) send the same purchase orders to multiple suppliers 
D) check each unit and each item received from the supplier

Question 20

If an activity has 4 days of slack,then ______.

Accepted Answer

A) a delay of 3 days will not have an impact 
B) a delay of 5 days will not have an impact 
C) a delay of 7 days will not have an impact 
D) a delay of 9 days will not have an impact 
A) a delay of 3 days will not have an impact 
B) a delay of 5 days will not have an impact 
C) a delay of 7 days will not have an impact 
D) a delay of 9 days will not have an impact

Exam 3: Project Management

In contracting a project to a third-party,the acronym BOOT means ______.

An analysis of alternative approaches to a project is in the ______.

Types of risks that a project can face include ______.

Labeling activity nodes in the network is accomplished by ______.

Which of the following is NOT a characteristic of the inbound supply chain for many projects?

A statement of work ______.

Which of the following is an appropriate label for an activity node?

The groups that lobby against fossil fuels ______.

"Crashing" a project ______.

Which of the following statements is true with regard to a project life cycle?

Which of the following correctly pairs the type of risk with its description?

An activity network ______.

Which of the following statements about projects is true?

The project's specification is also known as ______.

Which of the following is an approach to managing the risk that a contractor may not complete a complex project properly?

In managing projects in supply chains,working with members of multiple cultures is one of the consequences of ______.

In the conceptualization stage of a project,the firm ______.

Project scheduling is ______.

To ensure that a contractor ships parts and supplies of high quality to the primary firm,the primary firm may ______.

If an activity has 4 days of slack,then ______.

Introduction to Managing Global Operations and Supply Chains

Operations and Supply Chain Strategies

Supplement: Project Management

Product and Service Innovations

Supplement: Reliability

Managing for Quality

Quality Improvement and Control Tools

Capacity Planning

Supply Chain Design and Location Planning

Process Design and Layout Planning

Supplement: Tools for Analyzing, Designing, and Selecting Processes and Layouts

Supplier Management

Logistics Management

Demand Management and Customer Service

Demand Forecasting Methods

Lean Operations and Supply Chains

Inventory Management

Inventory Control Models

Sales and Operations Planning

Master Scheduling and Material Requirements Planning

Supplement: Capacity Requirements Planning, MRP II, ERP, and DRP

Detailed Scheduling

Linear Programming

The Transportation Models

Waiting Line Models

Simulation

Learning Curves

Decision-Making Tools

Filters