Exam 9: Reducing Project Duration

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

Because direct costs are assumed to be developed from normal methods and time, any reduction in activity time should add to the costs of the activity.

Project costs are generally classified as ____ costs.

Direct costs are assignable directly to a project ________.

When considering whether to move the project to its optimum cost-time position, the manager should also consider ________.

Creating a Project Cost-Duration Graph in the pre-project planning phase without an imposed duration is the best time to use this tool.

____________ is the rearranging of the project network logic so that critical activities are done in parallel rather than sequentially.

Because direct costs are assumed to be developed from normal methods and time, any reduction in activity time should ________ the cost of the activity.

In selecting the best activity to reduce you would first select the activity with the

What do we mean when we say that a project network is sensitive and why is that important to a project manager?

Intense global competition and rapid technological advances combine to create a(n) ________ imposed project duration date.

A rule of thumb for moderate- to high-technology firms is that a six-month delay in bringing a product to market can result in a gross profit loss of about 35 percent.

Identify and give an example for both of the major categories that make up project costs.

While the relationship between normal and crash times is really curvilinear, the assumption that it is linear is seldom a concern for practicing managers.