Question 1

What does "EVM" stand for?

Accepted Answer

A) Extra Value Materials-premium quality raw materials at the project site. 
B) Enterprise Vacation Matrix-A chart indicating team members planned vacation absences 
C) Earned Value Management-a technique for measuring project progress objectively. 
D) Early Vision Management-An technique used in early project planning meetings for activities that set expectations to highlight and avoid "scope creep." 
E) External Variance Measurement-identifying the degree to which project time and cost variances were due to forces and issues uncontrollable by the project manager. 
A) Extra Value Materials-premium quality raw materials at the project site. 
B) Enterprise Vacation Matrix-A chart indicating team members planned vacation absences 
C) Earned Value Management-a technique for measuring project progress objectively. 
D) Early Vision Management-An technique used in early project planning meetings for activities that set expectations to highlight and avoid "scope creep." 
E) External Variance Measurement-identifying the degree to which project time and cost variances were due to forces and issues uncontrollable by the project manager.

Question 2

The fact that organizations are flattening is one of the reasons that project management is important.

Accepted Answer

A) True 
 B)False

Question 3

project milestone is a specific event to be reached by a particular point in time.

Accepted Answer

A) True 
 B)False

Question 4

simple project listing of five activities and their respective time estimates are presented below:
 
Using CPM,which activities make up the critical path?

Accepted Answer

A) A,C,D,E 
B) A,B,D,E 
C) A,C,B,D,E 
D) A,D,E 
E) None of these 
A) A,C,D,E 
B) A,B,D,E 
C) A,C,B,D,E 
D) A,D,E 
E) None of these

Question 5

company must perform a maintenance project consisting of seven activities.The activities,their predecessors,and their respective time estimates are presented below:
 
Using CPM,what is the Latest Finish Time for the last activity in this project (i.e. ,the total time to complete the project)

Accepted Answer

A) 9 days 
B) 10 days 
C) 11 days 
D) 12 days 
E) 13 days 
A) 9 days 
B) 10 days 
C) 11 days 
D) 12 days 
E) 13 days

Question 6

In a Gantt chart the horizontal axis is usually which of the following?

Accepted Answer

A) Activities 
B) Cost 
C) Profit 
D) Time 
E) Milestones 
A) Activities 
B) Cost 
C) Profit 
D) Time 
E) Milestones

Question 7

matrix project structure is often referred to as a "skunkworks."

Accepted Answer

A) True 
 B)False

Question 8

Project management can be defined as planning,directing,and controlling resources to meet the technical,cost,and time constraints of the project.

Accepted Answer

A) True 
 B)False

Question 9

An advantage of a pure project where self-contained teams work full time on a project is which of the following?

Accepted Answer

A) Team members can work on several projects 
B) Functional area is a "home" after the project is completed 
C) There are duplicated resources 
D) Lines of communication are shortened 
E) Overall organizational policies and goals can be ignored 
A) Team members can work on several projects 
B) Functional area is a "home" after the project is completed 
C) There are duplicated resources 
D) Lines of communication are shortened 
E) Overall organizational policies and goals can be ignored

Question 10

Derivative projects are those which address incremental changes to products or processes.

Accepted Answer

A) True 
 B)False

Question 11

Below are the data for a Time-Cost CPM Scheduling model analysis.The time is in days and the costs include both direct and indirect costs.
If you crash this project to reduce the total time by one day what is the total time of the project and total cost?

Accepted Answer

A) Total time is 13 days,total cost is $1500 
B) Total time is 12 days,total cost is $2000 
C) Total time is 12 days,total cost is $2300 
D) Total time is 11 days,total cost is $1850 
E) Total time is 11 days,total cost is $2350 
A) Total time is 13 days,total cost is $1500 
B) Total time is 12 days,total cost is $2000 
C) Total time is 12 days,total cost is $2300 
D) Total time is 11 days,total cost is $1850 
E) Total time is 11 days,total cost is $2350

Question 12

One of the disadvantages of a pure project organizational structure is that the project manager has full authority over the project.

Accepted Answer

A) True 
 B)False

Question 13

For an activity in a CPM analysis,the Early Start time is 8 and the Late Start time is 10.Which of the following statements is true?

Accepted Answer

A) The Late Finish is 12 
B) The Early Finish is 10 
C) The slack for this activity is 2 
D) The duration of this activity is 2 
E) The activity is on the critical path 
A) The Late Finish is 12 
B) The Early Finish is 10 
C) The slack for this activity is 2 
D) The duration of this activity is 2 
E) The activity is on the critical path

Question 14

The Gantt chart is an example of a project control chart.

Accepted Answer

A) True 
 B)False

Question 15

When reducing the planned duration of a project using the Time-Cost CPM model we select the activity to crash by determining the cost of each alternative and selecting the one whose cost is the greatest.

Accepted Answer

A) True 
 B)False

Question 16

The critical path in a project is that sequence of activities that consume the longest amount of time in a project network of activities.

Accepted Answer

A) True 
 B)False

Question 17

You have just been assigned to oversee a series of projects.Functional areas will loan you personnel for each project and separate project managers will be responsible for separate projects.These project managers will report to you.Which project management structure is being used?

Accepted Answer

A) Pure Project 
B) Task force 
C) Matrix Project 
D) Functional Project 
E) PERT 
A) Pure Project 
B) Task force 
C) Matrix Project 
D) Functional Project 
E) PERT

Question 18

You are looking at a chart that has the terms BCWS,BCWP,and AC indicating lines on the chart.What kind of chart are you looking at?

Accepted Answer

A) Gantt Chart 
B) PERT Chart 
C) Bar/Milestone Chart 
D) Total Program Cost Breakdown 
E) EVM Chart 
A) Gantt Chart 
B) PERT Chart 
C) Bar/Milestone Chart 
D) Total Program Cost Breakdown 
E) EVM Chart

Question 19

In a CPM analysis if you subtract the late finish from the early finish the result is the activity's slack time.

Accepted Answer

A) True 
 B)False

Question 20

An event unit package is a subdivision of a project.

Accepted Answer

A) True 
 B)False

What does "EVM" stand for?

The fact that organizations are flattening is one of the reasons that project management is important.

project milestone is a specific event to be reached by a particular point in time.

simple project listing of five activities and their respective time estimates are presented below: Using CPM,which activities make up the critical path?

company must perform a maintenance project consisting of seven activities.The activities,their predecessors,and their respective time estimates are presented below: Using CPM,what is the Latest Finish Time for the last activity in this project (i.e. ,the total time to complete the project)

In a Gantt chart the horizontal axis is usually which of the following?

matrix project structure is often referred to as a "skunkworks."

Project management can be defined as planning,directing,and controlling resources to meet the technical,cost,and time constraints of the project.

An advantage of a pure project where self-contained teams work full time on a project is which of the following?

Derivative projects are those which address incremental changes to products or processes.

Below are the data for a Time-Cost CPM Scheduling model analysis.The time is in days and the costs include both direct and indirect costs. If you crash this project to reduce the total time by one day what is the total time of the project and total cost?

One of the disadvantages of a pure project organizational structure is that the project manager has full authority over the project.

For an activity in a CPM analysis,the Early Start time is 8 and the Late Start time is 10.Which of the following statements is true?

The Gantt chart is an example of a project control chart.

When reducing the planned duration of a project using the Time-Cost CPM model we select the activity to crash by determining the cost of each alternative and selecting the one whose cost is the greatest.

The critical path in a project is that sequence of activities that consume the longest amount of time in a project network of activities.

You have just been assigned to oversee a series of projects.Functional areas will loan you personnel for each project and separate project managers will be responsible for separate projects.These project managers will report to you.Which project management structure is being used?

You are looking at a chart that has the terms BCWS,BCWP,and AC indicating lines on the chart.What kind of chart are you looking at?

In a CPM analysis if you subtract the late finish from the early finish the result is the activity's slack time.

An event unit package is a subdivision of a project.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

PART-A: Learning Curves

Manufacturing Processes

PART-A: Break-Even Analysis

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six-Sigma Supply Chain Processes and Analytics

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

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Exam 5: Projects Manufacturing and Service Processes

What does "EVM" stand for?

The fact that organizations are flattening is one of the reasons that project management is important.

project milestone is a specific event to be reached by a particular point in time.

simple project listing of five activities and their respective time estimates are presented below: Using CPM,which activities make up the critical path?

company must perform a maintenance project consisting of seven activities.The activities,their predecessors,and their respective time estimates are presented below: Using CPM,what is the Latest Finish Time for the last activity in this project (i.e. ,the total time to complete the project)

In a Gantt chart the horizontal axis is usually which of the following?

matrix project structure is often referred to as a "skunkworks."

Project management can be defined as planning,directing,and controlling resources to meet the technical,cost,and time constraints of the project.

An advantage of a pure project where self-contained teams work full time on a project is which of the following?

Derivative projects are those which address incremental changes to products or processes.

Below are the data for a Time-Cost CPM Scheduling model analysis.The time is in days and the costs include both direct and indirect costs. If you crash this project to reduce the total time by one day what is the total time of the project and total cost?

One of the disadvantages of a pure project organizational structure is that the project manager has full authority over the project.

For an activity in a CPM analysis,the Early Start time is 8 and the Late Start time is 10.Which of the following statements is true?

The Gantt chart is an example of a project control chart.

When reducing the planned duration of a project using the Time-Cost CPM model we select the activity to crash by determining the cost of each alternative and selecting the one whose cost is the greatest.

The critical path in a project is that sequence of activities that consume the longest amount of time in a project network of activities.

You have just been assigned to oversee a series of projects.Functional areas will loan you personnel for each project and separate project managers will be responsible for separate projects.These project managers will report to you.Which project management structure is being used?

You are looking at a chart that has the terms BCWS,BCWP,and AC indicating lines on the chart.What kind of chart are you looking at?

In a CPM analysis if you subtract the late finish from the early finish the result is the activity's slack time.

An event unit package is a subdivision of a project.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

PART-A: Learning Curves

Manufacturing Processes

PART-A: Break-Even Analysis

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six-Sigma Supply Chain Processes and Analytics

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics and Distribution

Filters