Question 1

Creation of the ___________ graph keeps the importance of indirect costs in the forefront of decision making.

Accepted Answer

project cost-duration
Explanation: The p

Question 2

The simplest way to reduce cost on a project is to reduce the scope of a project.

Accepted Answer

A) True 
 B)False

Question 3

Indirect costs generally represent overhead costs such as supervision, administration, consultants, and interest.

Accepted Answer

A) True 
 B)False

Question 4

How is the optimum cost-time point determined? What are the conditions that must exist for one to be present at a project duration other than the duration originally created under normal conditions?

Accepted Answer

The optimum cost-time point is the point

Question 5

When the project team is salaried, which of the following is the preferred choice for accelerating project completion?

Accepted Answer

A) Assigning additional staff and equipment 
B) Subcontract work 
C) Schedule overtime 
D) Outsource project work 
E) Establish a core project team 
A) Assigning additional staff and equipment 
B) Subcontract work 
C) Schedule overtime 
D) Outsource project work 
E) Establish a core project team

Question 6

When reducing project duration, the crash cost per unit has to be calculated and the maximum units each activity can be reduced must be known.After this, the critical path must be identified.What is the next step?

Accepted Answer

A) Find the activity with the lowest crash cost 
B) Calculate the optimum cost-time point 
C) Calculate the crash point 
D) Calculate indirect cost per time unit 
E) Find the activity with the steepest cost slope 
A) Find the activity with the lowest crash cost 
B) Calculate the optimum cost-time point 
C) Calculate the crash point 
D) Calculate indirect cost per time unit 
E) Find the activity with the steepest cost slope

Question 7

As a project is crashed and project duration is reduced, indirect 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 8

Managers have several effective methods for crashing specific project activities when resources are not constrained.

Accepted Answer

A) True 
 B)False

Question 9

All of the following are disadvantages of scheduling overtime EXCEPT

Accepted Answer

A) Overtime is associated with additional costs of coordination and communication. 
B) Sustained overtime work by salaried employees may incur burnout. 
C) Productivity is reduced the longer one is working. 
D) More hours results in higher expenses if paying workers hourly. 
E) Continued overtime can lead to a higher turnover rate. 
A) Overtime is associated with additional costs of coordination and communication. 
B) Sustained overtime work by salaried employees may incur burnout. 
C) Productivity is reduced the longer one is working. 
D) More hours results in higher expenses if paying workers hourly. 
E) Continued overtime can lead to a higher turnover rate.

Question 10

Brooks' law states that adding manpower to a software project helps keep it on schedule.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

Fast-tracking
Explanation: Fas

Question 12

Total cost for specific project durations is computed and then compared with the benefits of reducing project time, before the project begins or while it is in progress.

Accepted Answer

A) True 
 B)False

Question 13

Direct costs are so named because they can be assigned directly to a work package and activity.

Accepted Answer

A) True 
 B)False

Question 14

What is crashing? Include a discussion of crash time and crash cost.

Accepted Answer

Crashing is shortening an acti

Question 15

The easiest way to add more labor to a project is not to add more people, but to schedule overtime.What are the disadvantages of scheduling overtime?

Accepted Answer

First, hourly workers are typically paid

Question 16

Crashing a more expensive activity may be wise if fewer inherent risks are involved.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) Fast-tracking. 
B) Using critical-chain project management. 
C) Reducing project scope. 
D) Compromising quality. 
E) Doing it twice-first fast and then correctly. 
A) Fast-tracking. 
B) Using critical-chain project management. 
C) Reducing project scope. 
D) Compromising quality. 
E) Doing it twice-first fast and then correctly.

Question 18

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

Accepted Answer

A) Earliest start time. 
B) Most steep slope. 
C) Least steep slope. 
D) Longest duration. 
E) Largest crash time. 
A) Earliest start time. 
B) Most steep slope. 
C) Least steep slope. 
D) Longest duration. 
E) Largest crash time.

Question 19

When it is necessary to reduce project duration and resources are constrained, which of the following is NOT a reasonable option?

Accepted Answer

A) Establishing a core project team 
B) Fast-tracking 
C) Reduce project scope 
D) Compromise quality 
E) Critical-chain project management 
A) Establishing a core project team 
B) Fast-tracking 
C) Reduce project scope 
D) Compromise quality 
E) Critical-chain project management

Question 20

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

Accepted Answer

increase
Explanation: Because

Creation of the ___________ graph keeps the importance of indirect costs in the forefront of decision making.

The simplest way to reduce cost on a project is to reduce the scope of a project.

Indirect costs generally represent overhead costs such as supervision, administration, consultants, and interest.

How is the optimum cost-time point determined? What are the conditions that must exist for one to be present at a project duration other than the duration originally created under normal conditions?

When the project team is salaried, which of the following is the preferred choice for accelerating project completion?

When reducing project duration, the crash cost per unit has to be calculated and the maximum units each activity can be reduced must be known.After this, the critical path must be identified.What is the next step?

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

Managers have several effective methods for crashing specific project activities when resources are not constrained.

All of the following are disadvantages of scheduling overtime EXCEPT

Brooks' law states that adding manpower to a software project helps keep it on schedule.

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

Total cost for specific project durations is computed and then compared with the benefits of reducing project time, before the project begins or while it is in progress.

Direct costs are so named because they can be assigned directly to a work package and activity.

What is crashing? Include a discussion of crash time and crash cost.

The easiest way to add more labor to a project is not to add more people, but to schedule overtime.What are the disadvantages of scheduling overtime?

Crashing a more expensive activity may be wise if fewer inherent risks are involved.

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

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

When it is necessary to reduce project duration and resources are constrained, which of the following is NOT a reasonable option?

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

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

Exam 9: Reducing Project Duration

Creation of the ___________ graph keeps the importance of indirect costs in the forefront of decision making.

The simplest way to reduce cost on a project is to reduce the scope of a project.

Indirect costs generally represent overhead costs such as supervision, administration, consultants, and interest.

How is the optimum cost-time point determined? What are the conditions that must exist for one to be present at a project duration other than the duration originally created under normal conditions?

When the project team is salaried, which of the following is the preferred choice for accelerating project completion?

When reducing project duration, the crash cost per unit has to be calculated and the maximum units each activity can be reduced must be known.After this, the critical path must be identified.What is the next step?

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

Managers have several effective methods for crashing specific project activities when resources are not constrained.

All of the following are disadvantages of scheduling overtime EXCEPT

Brooks' law states that adding manpower to a software project helps keep it on schedule.

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

Total cost for specific project durations is computed and then compared with the benefits of reducing project time, before the project begins or while it is in progress.

Direct costs are so named because they can be assigned directly to a work package and activity.

What is crashing? Include a discussion of crash time and crash cost.

The easiest way to add more labor to a project is not to add more people, but to schedule overtime.What are the disadvantages of scheduling overtime?

Crashing a more expensive activity may be wise if fewer inherent risks are involved.

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

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

When it is necessary to reduce project duration and resources are constrained, which of the following is NOT a reasonable option?

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

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