Question 1

Indirect costs generally represent overhead costs such as supervision, administration, consultants, and interest.

Accepted Answer

A) True 
 B)False

Question 2

A contractor finished a bridge across a lake 18 months early and received more than $6 million for the early completion.This is an example of reducing project duration caused by:

Accepted Answer

A) Imposed project deadlines 
B) Time to market 
C) Unforeseen project delays 
D) High overhead 
E) Incentive contracts 
A) Imposed project deadlines 
B) Time to market 
C) Unforeseen project delays 
D) High overhead 
E) Incentive contracts

Question 3

Low-cost, realistic, efficient methods for completing an activity under normal conditions are supported by ____ time.

Accepted Answer

A) Normal 
B) Budget 
C) Optimized 
D) Expected 
E) Target 
A) Normal 
B) Budget 
C) Optimized 
D) Expected 
E) Target

Question 4

According to Brooks' Law, adding more people to a late project is most likely to have which of the following impact?

Accepted Answer

A) Keep the project from slipping any further 
B) Get the project back on schedule 
C) Make the project slips further 
D) Both A and B are correct 
E) None of these relate to Brooks' Law 
A) Keep the project from slipping any further 
B) Get the project back on schedule 
C) Make the project slips further 
D) Both A and B are correct 
E) None of these relate to Brooks' Law

Question 5

Direct costs are so named because they can be assigned directly to a work package and activity.

Accepted Answer

A) True 
 B)False

Question 6

Given that an activity's normal time and cost are ten days and $400, and its crash time is five days and $800, what is the activity's slope?

Accepted Answer

(crash cost-normal c

Question 7

To shorten the duration of a project the project manager should limit the choices of activities to just those which ________.

Accepted Answer

are on the critical path
Explanation: So

Question 8

A project network is classified as sensitive if it has a large number of interacting paths.

Accepted Answer

A) True 
 B)False

Question 9

Costs such as supervision, administration, consultants, and interest are examples of ________ project costs.

Accepted Answer

indirect
Explanation: Indirect

Question 10

Intense global competition and rapid technological advances create pressure on developing projects rapidly.This is an example of reducing project duration caused by:

Accepted Answer

A) Imposed project deadlines 
B) Time to market 
C) Unforeseen project delays 
D) High overhead 
E) Incentive contracts 
A) Imposed project deadlines 
B) Time to market 
C) Unforeseen project delays 
D) High overhead 
E) Incentive contracts

Question 11

Which of the following is the easiest method for shortening project time?

Accepted Answer

A) Assigning additional staff and equipment 
B) Subcontract work 
C) Schedule overtime 
D) Reduce project scope 
E) Reduce the quality 
A) Assigning additional staff and equipment 
B) Subcontract work 
C) Schedule overtime 
D) Reduce project scope 
E) Reduce the quality

Question 12

Which of the following correctly calculates an activity's cost slope?

Accepted Answer

A) (normal cost-crash cost)/(normal time-crash time) 
B) (crash cost-normal cost)/(normal time-crash time) 
C) (normal time-crash time)/(crash cost-normal cost) 
D) (normal time-crash time)/(normal cost-crash cost) 
E) (crash cost-normal cost)/(crash time-normal time) 
A) (normal cost-crash cost)/(normal time-crash time) 
B) (crash cost-normal cost)/(normal time-crash time) 
C) (normal time-crash time)/(crash cost-normal cost) 
D) (normal time-crash time)/(normal cost-crash cost) 
E) (crash cost-normal cost)/(crash time-normal time)

Question 13

A positive situation where moving toward the optimum time can result in very real, large savings-this occurs when the network is:

Accepted Answer

A) Insensitive 
B) Sensitive 
C) Ahead of schedule 
D) Shifting to the critical chain 
E) Implementing a fast-tracking system 
A) Insensitive 
B) Sensitive 
C) Ahead of schedule 
D) Shifting to the critical chain 
E) Implementing a fast-tracking system

Question 14

Imposed project durations almost always leads to a higher-cost project than one planned with detailed scheduling of all the project's activities.

Accepted Answer

A) True 
 B)False

Question 15

If a network has several critical or near-critical paths it is deemed to be:

Accepted Answer

A) Well planned 
B) The lowest cost alternative 
C) Resource-constrained 
D) Sensitive 
E) Insensitive 
A) Well planned 
B) The lowest cost alternative 
C) Resource-constrained 
D) Sensitive 
E) Insensitive

Question 16

An activity's crash costs include ____ costs.

Accepted Answer

A) Direct 
B) Indirect 
C) Overhead 
D) Both A and B are correct 
E) A, B, and C are correct 
A) Direct 
B) Indirect 
C) Overhead 
D) Both A and B are correct 
E) A, B, and C are correct

Question 17

Crashing a more expensive activity may be wise if fewer inherent risks are involved.

Accepted Answer

A) True 
 B)False

Question 18

The less steep the cost slope of an activity, the

Accepted Answer

A) Less it costs to shorten one time period 
B) More it costs to shorten one time period 
C) Smaller the crash time 
D) Larger the crash time 
E) Cannot be determined by the information given 
A) Less it costs to shorten one time period 
B) More it costs to shorten one time period 
C) Smaller the crash time 
D) Larger the crash time 
E) Cannot be determined by the information given

Question 19

An activity's cost slope represents an activity's

Accepted Answer

A) Total cost per unit of time 
B) Cost per unit of time 
C) Indirect cost per unit of time 
D) Both B and C are correct 
E) A, B, and C are all correct 
A) Total cost per unit of time 
B) Cost per unit of time 
C) Indirect cost per unit of time 
D) Both B and C are correct 
E) A, B, and C are all correct

Question 20

Which of the following is not one of the more commonly used options for cutting project costs?

Accepted Answer

A) Reduce project scope 
B) Have owner take more responsibility 
C) Moving the completion date further out 
D) Brainstorming cost savings options 
E) Outsourcing project activities 
A) Reduce project scope 
B) Have owner take more responsibility 
C) Moving the completion date further out 
D) Brainstorming cost savings options 
E) Outsourcing project activities

Indirect costs generally represent overhead costs such as supervision, administration, consultants, and interest.

A contractor finished a bridge across a lake 18 months early and received more than $6 million for the early completion.This is an example of reducing project duration caused by:

Low-cost, realistic, efficient methods for completing an activity under normal conditions are supported by ____ time.

According to Brooks' Law, adding more people to a late project is most likely to have which of the following impact?

Direct costs are so named because they can be assigned directly to a work package and activity.

Given that an activity's normal time and cost are ten days and $400, and its crash time is five days and $800, what is the activity's slope?

To shorten the duration of a project the project manager should limit the choices of activities to just those which ________.

A project network is classified as sensitive if it has a large number of interacting paths.

Costs such as supervision, administration, consultants, and interest are examples of ________ project costs.

Intense global competition and rapid technological advances create pressure on developing projects rapidly.This is an example of reducing project duration caused by:

Which of the following is the easiest method for shortening project time?

Which of the following correctly calculates an activity's cost slope?

A positive situation where moving toward the optimum time can result in very real, large savings-this occurs when the network is:

Imposed project durations almost always leads to a higher-cost project than one planned with detailed scheduling of all the project's activities.

If a network has several critical or near-critical paths it is deemed to be:

An activity's crash costs include ____ costs.

Crashing a more expensive activity may be wise if fewer inherent risks are involved.

The less steep the cost slope of an activity, the

An activity's cost slope represents an activity's

Which of the following is not one of the more commonly used options for cutting project costs?

Modern Project Management

Organization Strategy and Project Selection

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Plan

Managing Risk

Scheduling Resources and Costs

Leadership: Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

International Projects

Oversight

An Introduction to Agile Project Management

Project Management Career Paths

Filters

Exam 9: Reducing Project Duration

Indirect costs generally represent overhead costs such as supervision, administration, consultants, and interest.

A contractor finished a bridge across a lake 18 months early and received more than $6 million for the early completion.This is an example of reducing project duration caused by:

Low-cost, realistic, efficient methods for completing an activity under normal conditions are supported by ____ time.

According to Brooks' Law, adding more people to a late project is most likely to have which of the following impact?

Direct costs are so named because they can be assigned directly to a work package and activity.

Given that an activity's normal time and cost are ten days and $400, and its crash time is five days and $800, what is the activity's slope?

To shorten the duration of a project the project manager should limit the choices of activities to just those which ________.

A project network is classified as sensitive if it has a large number of interacting paths.

Costs such as supervision, administration, consultants, and interest are examples of ________ project costs.

Intense global competition and rapid technological advances create pressure on developing projects rapidly.This is an example of reducing project duration caused by:

Which of the following is the easiest method for shortening project time?

Which of the following correctly calculates an activity's cost slope?

A positive situation where moving toward the optimum time can result in very real, large savings-this occurs when the network is:

Imposed project durations almost always leads to a higher-cost project than one planned with detailed scheduling of all the project's activities.

If a network has several critical or near-critical paths it is deemed to be:

An activity's crash costs include ____ costs.

Crashing a more expensive activity may be wise if fewer inherent risks are involved.

The less steep the cost slope of an activity, the

An activity's cost slope represents an activity's

Which of the following is not one of the more commonly used options for cutting project costs?

Modern Project Management

Organization Strategy and Project Selection

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Plan

Managing Risk

Scheduling Resources and Costs

Leadership: Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

International Projects

Oversight

An Introduction to Agile Project Management

Project Management Career Paths

Filters