Exam 9: Reducing Project Duration

Given an equal level of risk and the need to reduce overall project duration, why would you NOT select the activity with the least slope, in the entire project network, to crash first?

The direct cost for completing an activity as early as possible is called its ________ cost.

Shortening an activity's duration is termed crashing.

Reducing project duration

One way of reducing project costs is identifying tasks that _________ can do themselves.

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

Insensitive networks are a rarity; Planning for a sensitive network is more practical.

Direct costs are assignable directly to a particular ________.

When determining which activity to crash, there are other factors that should be assessed beyond cost.Which of the following is NOT one of these factors?

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

The shortest possible time an activity can be completed realistically is called ___­­­_____ time.

Crashing activities on a project network that is sensitive could increase the risk of the project being late.

In a Project Cost-Duration Graph, total project costs are a sum of

A reasonable, quick comparison between options for compressing activity times is based upon a _______________ assumption.

Which of the following is NOT a technique for accelerating project completion when resources are not constrained?

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.The completion date has been __________.

Before crashing, direct costs for an activity represent normal costs, which typically mean low-cost, efficient methods for completing the activity in a(n)________ amount of time.

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

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

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 ________.