Exam 14: Managing Projects

The tablet unearthed by the archaeologist revealed an ancient culture's project plan. However, the sands of time had erased much of the information that the table once contained. Use this fragmentary record to unlock the ancient project's secrets and answer the following questions. -Refer to the scenario above.What is the earliest finish time for activity G?

Construction of the cattery could be distilled to eight distinct steps,from the official groundbreaking ceremony to the cutting of the litterbox ribbon.The activities,their durations and predecessors are shown in the table below.Determine earliest and latest start and finish times for all of the activities.

What is the total cost to complete this project as quickly as possible if each day on site costs $1,000?

An expectation that a new building's foundation would be poured and cured by the end of the year is an example of a(n):

A hatmaker, fresh off a very successful showing at Lidzapalooza is excited about the prospects of providing the finest chapeaus to meet the needs of his energized customer base in the coming year. He and his space designer have identified seven activities that are necessary to expand his small shop. For the sake of simplicity, and to avoid giving away any trade secrets, the activities have been identified by letters A-G. The activities, their time estimates, and the precedence requirements structure are listed in the table immediately below. Use this table to answer the following questions. -Refer to the scenario above.Develop a Gantt chart for this project and indicate the finish times for each activity.

PERT is an acronym meaning:

The best use of a Gantt chart is used to show precedence requirements for a project's constituent activities.

Program evaluation and review technique,PERT,is a network-based technique in which there are multiple time estimates for each activity.

What are the phases of a project and the activities within each?

Which of the activities in this project has the greatest amount of slack?

Discuss the recent business trends that have increased the attention and interest in project management skills.

There are more resources required during the performance phase of a project than the project definition phase.

In what way are projects and typical business activities similar?

How many days can this project be shortened if money is no object,i.e.,there is an unlimited budget?

A hatmaker, fresh off a very successful showing at Lidzapalooza is excited about the prospects of providing the finest chapeaus to meet the needs of his energized customer base in the coming year. He and his space designer have identified seven activities that are necessary to expand his small shop. For the sake of simplicity, and to avoid giving away any trade secrets, the activities have been identified by letters A-G. The activities, their time estimates, and the precedence requirements are listed in the table immediately below. Use this scenario to answer the following questions. -Refer to the scenario above.Which of these activities has slack?

A project is composed of the twelve activities shown in the table.What are the earliest and latest start times for each of these activities?

The tablet unearthed by the archaeologist revealed an ancient culture's project plan. However, the sands of time had erased much of the information that the table once contained. Use this fragmentary record to unlock the ancient project's secrets and answer the following questions. -Refer to the scenario above.The project's duration is:

An activity's duration added to its earliest start time yields the ________.

The earliest finish time of an activity is always later than its latest start time.

Activities on the critical path may have positive or negative slack as long as the overall slack time of the critical path is zero.