Question 1

What are the benefits to using a Project Cost-Duration Graph to assist in comparing any proposed alternative or change with the current baseline?

Accepted Answer

One of the advantages of using a Project

Question 2

The cost slope of an activity is calculated by dividing the run by the rise.

Accepted Answer

A) True 
 B)False

Question 3

The Snapshot from Practice "Cell-Phone Wars" is an excellent example of reducing project duration due to:

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 4

Subtracting an activity's crash time from the normal time will calculate an activity's ________.

Accepted Answer

run
Explan

Question 5

One of the advantages of using a Project Cost-Duration Graph is that it keeps the importance of indirect costs in the forefront of decision making.

Accepted Answer

A) True 
 B)False

Question 6

Creating a Project Cost-Duration graph is useful:

Accepted Answer

A) During the pre-project planning phase 
B) After the project has begun 
C) After the completion of the project 
D) Both A and B are correct 
E) A, B, and C are all correct 
A) During the pre-project planning phase 
B) After the project has begun 
C) After the completion of the project 
D) Both A and B are correct 
E) A, B, and C are all correct

Question 7

Adverse weather, design flaws, and equipment breakdown can create negative slack.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 8

Which of the following is not one of the techniques for accelerating project completion?

Accepted Answer

A) Assigning additional staff and equipment 
B) Establish a core team 
C) Do it twice-fast and correctly 
D) Reduce project scope 
E) All of these are acceptable techniques 
A) Assigning additional staff and equipment 
B) Establish a core team 
C) Do it twice-fast and correctly 
D) Reduce project scope 
E) All of these are acceptable techniques

Question 9

The accuracy of crash times and costs is frequently rough at best, when compared with normal time and cost.

Accepted Answer

A) True 
 B)False

Question 10

The ________ project cost is the sum of the indirect and direct costs.

Accepted Answer

The answer of The ________ project cost is the sum...

Question 11

In the "I'll Bet You..." Snapshot from Practice, the draftsman won ___________ for making a very difficult deadline.

Accepted Answer

tickets to a basketball game
Explanation

Question 12

Total project costs include all of the following except:

Accepted Answer

A) Supervision 
B) Administration 
C) Project manager's salary 
D) Interest 
E) All of these are included in total project costs 
A) Supervision 
B) Administration 
C) Project manager's salary 
D) Interest 
E) All of these are included in total project costs

Question 13

Costs such as labor, materials, equipment, or contractors are examples of ________ project costs.

Accepted Answer

direct
Explanation: Direct cos

Question 14

The optimum duration for a project is at the point where:

Accepted Answer

A) Direct costs are the lowest 
B) Indirect costs are the lowest 
C) Direct costs equal indirect costs 
D) Total project costs are the lowest 
E) The project changes from time-constrained to resource-constrained 
A) Direct costs are the lowest 
B) Indirect costs are the lowest 
C) Direct costs equal indirect costs 
D) Total project costs are the lowest 
E) The project changes from time-constrained to resource-constrained

Question 15

The relationship between cost and time for various durations is assumed to be:

Accepted Answer

A) Linear 
B) Curvilinear 
C) Variable 
D) Conversely related 
E) Exponentially related 
A) Linear 
B) Curvilinear 
C) Variable 
D) Conversely related 
E) Exponentially related

Question 16

Shortening an activity is called ________.

Accepted Answer

crashing
Explanation

Question 17

How would you calculate an activity's slope and what does it represent?

Accepted Answer

An activity's slope is the cos

Question 18

Expected time for an activity represents low-cost, realistic, efficient methods for completing the activity under anticipated conditions.

Accepted Answer

A) True 
 B)False

Question 19

The ________ time for an activity represents low-costs, realistic, efficient methods for completing the activity under typical conditions.

Accepted Answer

normal
Explanation:

Question 20

___________ is probably the most common response for meeting unattainable deadlines.

Accepted Answer

Reducing project scope
Explana

What are the benefits to using a Project Cost-Duration Graph to assist in comparing any proposed alternative or change with the current baseline?

The cost slope of an activity is calculated by dividing the run by the rise.

The Snapshot from Practice "Cell-Phone Wars" is an excellent example of reducing project duration due to:

Subtracting an activity's crash time from the normal time will calculate an activity's ________.

One of the advantages of using a Project Cost-Duration Graph is that it keeps the importance of indirect costs in the forefront of decision making.

Creating a Project Cost-Duration graph is useful:

Adverse weather, design flaws, and equipment breakdown can create negative slack.This is an example of reducing project duration caused by:

Which of the following is not one of the techniques for accelerating project completion?

The accuracy of crash times and costs is frequently rough at best, when compared with normal time and cost.

The ________ project cost is the sum of the indirect and direct costs.

In the "I'll Bet You..." Snapshot from Practice, the draftsman won ___________ for making a very difficult deadline.

Total project costs include all of the following except:

Costs such as labor, materials, equipment, or contractors are examples of ________ project costs.

The optimum duration for a project is at the point where:

The relationship between cost and time for various durations is assumed to be:

Shortening an activity is called ________.

How would you calculate an activity's slope and what does it represent?

Expected time for an activity represents low-cost, realistic, efficient methods for completing the activity under anticipated conditions.

The ________ time for an activity represents low-costs, realistic, efficient methods for completing the activity under typical conditions.

___________ is probably the most common response for meeting unattainable deadlines.

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

What are the benefits to using a Project Cost-Duration Graph to assist in comparing any proposed alternative or change with the current baseline?

The cost slope of an activity is calculated by dividing the run by the rise.

The Snapshot from Practice "Cell-Phone Wars" is an excellent example of reducing project duration due to:

Subtracting an activity's crash time from the normal time will calculate an activity's ________.

One of the advantages of using a Project Cost-Duration Graph is that it keeps the importance of indirect costs in the forefront of decision making.

Creating a Project Cost-Duration graph is useful:

Adverse weather, design flaws, and equipment breakdown can create negative slack.This is an example of reducing project duration caused by:

Which of the following is not one of the techniques for accelerating project completion?

The accuracy of crash times and costs is frequently rough at best, when compared with normal time and cost.

The ________ project cost is the sum of the indirect and direct costs.

In the "I'll Bet You..." Snapshot from Practice, the draftsman won ___________ for making a very difficult deadline.

Total project costs include all of the following except:

Costs such as labor, materials, equipment, or contractors are examples of ________ project costs.

The optimum duration for a project is at the point where:

The relationship between cost and time for various durations is assumed to be:

Shortening an activity is called ________.

How would you calculate an activity's slope and what does it represent?

Expected time for an activity represents low-cost, realistic, efficient methods for completing the activity under anticipated conditions.

The ________ time for an activity represents low-costs, realistic, efficient methods for completing the activity under typical conditions.

___________ is probably the most common response for meeting unattainable deadlines.

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