Question 1

As a project is crashed and project duration is reduced, direct costs typically

Accepted Answer

A) Increase. 
B) Become unstable. 
C) Decrease. 
D) Become unreliable. 
E) Stay the same. 
A) Increase. 
B) Become unstable. 
C) Decrease. 
D) Become unreliable. 
E) Stay the same.

Question 2

Compressing activities on a project with a sensitive project network will:

Accepted Answer

A) Increase risk of delaying the project. 
B) Improve cost-time crashing success. 
C) Reduce scheduling flexibility. 
D) Increase risk of delaying the project and reduce scheduling flexibility. 
A) Increase risk of delaying the project. 
B) Improve cost-time crashing success. 
C) Reduce scheduling flexibility. 
D) Increase risk of delaying the project and reduce scheduling flexibility.

Question 3

The total cost for each time unit of a project is the sum of labor, materials, and equipment.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

When adding resources, there are limits as to how much speed can be gained.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

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 8

Resources are frequently over-allocated when crashing a schedule.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is NOT considered a project indirect cost?

Accepted Answer

A) Supervision 
B) Consultants 
C) Equipment 
D) Interest 
E) The project manager's salary 
A) Supervision 
B) Consultants 
C) Equipment 
D) Interest 
E) The project manager's salary

Question 10

When crashing a schedule, this may set in when a least-cost method is used.

Accepted Answer

A) increased risk 
B) fatigue and resentment 
C) increased cost 
D) decrease in available management reserve 
A) increased risk 
B) fatigue and resentment 
C) increased cost 
D) decrease in available management reserve

Question 11

Which of the following is NOT a rational reason to reduce project duration?

Accepted Answer

A) Incentive contracts 
B) High network sensitivity 
C) Imposed deadlines 
D) High overhead costs 
E) Unforeseen delays 
A) Incentive contracts 
B) High network sensitivity 
C) Imposed deadlines 
D) High overhead costs 
E) Unforeseen delays

Question 12

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

Accepted Answer

risk
Explanation: Should the p

Question 13

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

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 14

Intense global competition and rapid technological advances create pressure to develop 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 15

It is going to cost $80,000 a day simply to house and feed a construction crew in the farthest reaches of northern Alaska.This would be an example of a situation requiring reducing the 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 16

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

Accepted Answer

total
Explanation: T

Question 17

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 18

When reducing project duration, there will always be an optimum cost-time point where the total cost of the project is less than it was when the project was initially planned under normal conditions.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Given that an activity's normal time and cost are 10 days and $400, respectively, and its crash time and cost are 5 days and $800, respectively, what is the activity's slope?

Accepted Answer

Crash cost per time unit equal

As a project is crashed and project duration is reduced, direct costs typically

Compressing activities on a project with a sensitive project network will:

The total cost for each time unit of a project is the sum of labor, materials, and equipment.

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

When adding resources, there are limits as to how much speed can be gained.

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

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.

Resources are frequently over-allocated when crashing a schedule.

Which of the following is NOT considered a project indirect cost?

When crashing a schedule, this may set in when a least-cost method is used.

Which of the following is NOT a rational reason to reduce project duration?

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

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

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

It is going to cost $80,000 a day simply to house and feed a construction crew in the farthest reaches of northern Alaska.This would be an example of a situation requiring reducing the project duration due to

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

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

When reducing project duration, there will always be an optimum cost-time point where the total cost of the project is less than it was when the project was initially planned under normal conditions.

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

Given that an activity's normal time and cost are 10 days and $400, respectively, and its crash time and cost are 5 days and $800, respectively, what is the activity's slope?

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

Being an Effective Project Manager

Managing Project Team

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

International Projects

An Introduction to Agile Project Management

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Exam 9: Reducing Project Duration

As a project is crashed and project duration is reduced, direct costs typically

Compressing activities on a project with a sensitive project network will:

The total cost for each time unit of a project is the sum of labor, materials, and equipment.

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

When adding resources, there are limits as to how much speed can be gained.

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

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.

Resources are frequently over-allocated when crashing a schedule.

Which of the following is NOT considered a project indirect cost?

When crashing a schedule, this may set in when a least-cost method is used.

Which of the following is NOT a rational reason to reduce project duration?

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

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

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

It is going to cost $80,000 a day simply to house and feed a construction crew in the farthest reaches of northern Alaska.This would be an example of a situation requiring reducing the project duration due to

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

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

When reducing project duration, there will always be an optimum cost-time point where the total cost of the project is less than it was when the project was initially planned under normal conditions.

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

Given that an activity's normal time and cost are 10 days and $400, respectively, and its crash time and cost are 5 days and $800, respectively, what is the activity's slope?

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

Being an Effective Project Manager

Managing Project Team

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

International Projects

An Introduction to Agile Project Management

Filters