Question 1

disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.

Accepted Answer

A) True 
 B)False

Question 2

Slack activity time is the difference between the early start and the late finish of a project activity time.

Accepted Answer

A) True 
 B)False

Question 3

listing of immediate predecessor activities is important information in a CPM analysis for which of the following reasons?

Accepted Answer

A) It specifies the relationships in the CPM network of activities 
B) It provides useful timing information 
C) It includes cost information 
D) It is the probability information required in the final step of CPM 
E) None of these 
A) It specifies the relationships in the CPM network of activities 
B) It provides useful timing information 
C) It includes cost information 
D) It is the probability information required in the final step of CPM 
E) None of these

Question 4

Complex projects are often subdivided into a series of tasks that are typically configured to be not longer than several months in duration.

Accepted Answer

A) True 
 B)False

Question 5

The second step in managing a project is writing the Statement of Work.

Accepted Answer

A) True 
 B)False

Question 6

simple project listing of five 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) 10 days 
B) 7 days 
C) 8 days 
D) 12 days 
E) 9 days 
A) 10 days 
B) 7 days 
C) 8 days 
D) 12 days 
E) 9 days

Question 7

Upper level management must decide between pure,functional,and matrix structures as ways to organize projects.

Accepted Answer

A) True 
 B)False

Question 8

You have the following time and cost information below for use in a Time-Cost CPM Scheduling model.What are the three costs per unit of time to expedite each activity?

Accepted Answer

A) A=$300,B=$200,C=$300 
B) A=$100,B=$200,C=$400 
C) A=$200,B=$200,C=$200 
D) A=$100,B=$400,C=$300 
E) A=$200,B=$300,C=$400 
A) A=$300,B=$200,C=$300 
B) A=$100,B=$200,C=$400 
C) A=$200,B=$200,C=$200 
D) A=$100,B=$400,C=$300 
E) A=$200,B=$300,C=$400

Question 9

You are managing a project and need to cut the cost of the project.You decide to transfer workers to another job to cut the project's costs.Costs associated with transferring the workers are an example of project indirect costs.

Accepted Answer

A) True 
 B)False

Question 10

In a project analysis using three time estimates with more than one critical path existing,how does the project manager decide which variances to use in arriving at the probability of meeting the project due date?

Accepted Answer

A) The project manager averages the variances and uses that 
B) The project manager uses the smallest variance in order to get the highest probability of on-time completion 
C) The project manager uses the variances considered most correct 
D) The project manager uses the largest variances in order to understate the probability of on-time completion 
E) The project manager uses the most likely estimate plus the amount of slack time in the project. 
A) The project manager averages the variances and uses that 
B) The project manager uses the smallest variance in order to get the highest probability of on-time completion 
C) The project manager uses the variances considered most correct 
D) The project manager uses the largest variances in order to understate the probability of on-time completion 
E) The project manager uses the most likely estimate plus the amount of slack time in the project.

Question 11

company must perform a maintenance project consisting of seven activities.The activities,their predecessors,and their respective time estimates are presented below:
 
Using CPM,which activities make up the critical path?

Accepted Answer

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

Question 12

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

Accepted Answer

A) True 
 B)False

disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.

Slack activity time is the difference between the early start and the late finish of a project activity time.

listing of immediate predecessor activities is important information in a CPM analysis for which of the following reasons?

Complex projects are often subdivided into a series of tasks that are typically configured to be not longer than several months in duration.

The second step in managing a project is writing the Statement of Work.

simple project listing of five 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)?

Upper level management must decide between pure,functional,and matrix structures as ways to organize projects.

You have the following time and cost information below for use in a Time-Cost CPM Scheduling model.What are the three costs per unit of time to expedite each activity?

You are managing a project and need to cut the cost of the project.You decide to transfer workers to another job to cut the project's costs.Costs associated with transferring the workers are an example of project indirect costs.

In a project analysis using three time estimates with more than one critical path existing,how does the project manager decide which variances to use in arriving at the probability of meeting the project due date?

company must perform a maintenance project consisting of seven activities.The activities,their predecessors,and their respective time estimates are presented below: Using CPM,which activities make up the critical path?

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

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

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Exam 5: Projects Manufacturing and Service Processes

disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.

Slack activity time is the difference between the early start and the late finish of a project activity time.

listing of immediate predecessor activities is important information in a CPM analysis for which of the following reasons?

Complex projects are often subdivided into a series of tasks that are typically configured to be not longer than several months in duration.

The second step in managing a project is writing the Statement of Work.

simple project listing of five 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)?

Upper level management must decide between pure,functional,and matrix structures as ways to organize projects.

You have the following time and cost information below for use in a Time-Cost CPM Scheduling model.What are the three costs per unit of time to expedite each activity?

You are managing a project and need to cut the cost of the project.You decide to transfer workers to another job to cut the project's costs.Costs associated with transferring the workers are an example of project indirect costs.

In a project analysis using three time estimates with more than one critical path existing,how does the project manager decide which variances to use in arriving at the probability of meeting the project due date?

company must perform a maintenance project consisting of seven activities.The activities,their predecessors,and their respective time estimates are presented below: Using CPM,which activities make up the critical path?

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

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