Exam 9: Reducing Project Duration

When a project manager must reduce project duration but resources are constrained,creating a software program that will have fewer features than originally planned or building a house without the bonus room the owner originally specified in the plans would both be examples of

(Multiple Choice)

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Question 21

An activity must be crashed on each critical path in order to reduce project duration.

(True/False)

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Question 22

An activity's normal time and cost are 5 and $40,respectively.Its estimated crash time and cost are 4 and $70,respectively.This activity's crash cost per time unit is ________.

(Short Answer)

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Question 23

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

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Question 24

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Sometimes very high __________ costs are recognized before a project begins and reducing these costs through shorter project durations becomes a high priority.

(Multiple Choice)

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Question 25

Direct costs are assignable directly to a particular ________.

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Question 26

Crashing frequently results in overallocation of resources.

(True/False)

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Question 27

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.

(True/False)

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Question 28

Incentive contracts can make the reduction of project time rewarding-usually for both the project contractor and owner.

(True/False)

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Question 29

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

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Question 30

The direct cost for completing an activity in the shortest time it can realistically be completed in is called its __________ cost.

(Multiple Choice)

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Question 31

Reducing project duration

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Question 32

Without any formal planning,the president of a software company remarks in a speech that new technologically advanced software will be available in one year.This may lead to a project that must be done faster than anticipated.This is an example of reducing project duration caused by

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Question 33

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

(True/False)

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Question 34

If indirect costs are a significant percentage of total project costs,reductions in project time can represent very real savings.

(True/False)

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Question 35

Why is the project duration with the lowest direct costs seldom the optimum duration for a project?

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Question 36

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When project managers know an activity's ________,they are able to compare which critical activities to shorten.

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Question 37

According to ________ law,adding more manpower to a late software project makes it later.

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Question 38

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

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Question 39

All of the following are disadvantages of scheduling overtime EXCEPT

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Question 40

Showing 21 - 40 of 94

When a project manager must reduce project duration but resources are constrained,creating a software program that will have fewer features than originally planned or building a house without the bonus room the owner originally specified in the plans would both be examples of

An activity must be crashed on each critical path in order to reduce project duration.

An activity's normal time and cost are 5 and $40,respectively.Its estimated crash time and cost are 4 and $70,respectively.This activity's crash cost per time unit is ________.

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

Sometimes very high __________ costs are recognized before a project begins and reducing these costs through shorter project durations becomes a high priority.

Direct costs are assignable directly to a particular ________.

Crashing frequently results in overallocation of resources.

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.

Incentive contracts can make the reduction of project time rewarding-usually for both the project contractor and owner.

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

The direct cost for completing an activity in the shortest time it can realistically be completed in is called its __________ cost.

Reducing project duration

Without any formal planning,the president of a software company remarks in a speech that new technologically advanced software will be available in one year.This may lead to a project that must be done faster than anticipated.This is an example of reducing project duration caused by

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

If indirect costs are a significant percentage of total project costs,reductions in project time can represent very real savings.

Why is the project duration with the lowest direct costs seldom the optimum duration for a project?

When project managers know an activity's ________,they are able to compare which critical activities to shorten.

According to ________ law,adding more manpower to a late software project makes it later.

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

All of the following are disadvantages of scheduling overtime EXCEPT

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

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Outsourcing: Managing Interorganizational Relations

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Project Closure

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An Introduction to Agile Project Management

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