Question 1

Some of the advantages of a functional project where the project is housed in a functional division include which of the following?

Accepted Answer

A)  The project manager has full authority over the project 
B)  Team pride,motivation,and commitment are high 
C)  A team member can work on several projects 
D)  Needs of the client are secondary 
E)  None of the above 
A)  The project manager has full authority over the project 
B)  Team pride,motivation,and commitment are high 
C)  A team member can work on several projects 
D)  Needs of the client are secondary 
E)  None of the above C

Question 2

Below are the data for a Time-Cost CPM Scheduling model analysis.The time is in days and the costs include both direct and indirect costs. $$\begin{array} { | l | l | l | l | l | l | } 
\hline & \text { Immediate } & \text { Normal } & \text { Crash } & \text { Normal } & \text { Crash } \
\hline \text { Activity } & \text { Predecessor } & \text { Time } & \text { Time } & \text { Cost } & \text { Cost } \
\hline \text { A } & \text { None } & 3 & 2 & \$ 200 & \$ 400 \
\hline \text { B } & \text { A } & 4 & 3 & \$ 300 & \$ 600 \
\hline \text { C } & \text { A } & 1 & 1 & \$ 200 & \$ 200 \
\hline \text { D } & \text { B and C } & 3 & 2 & \$ 500 & \$ 550 \
\hline \text { E } & \text { D } & 2 & 1 & \$ 500 & \$ 900 \
\hline
\end{array}$$
What are the total time of this project and total normal cost?

Accepted Answer

A)  Total time is 13 days,total cost is $1200 
B)  Total time is 12 days,total cost is $1700 
C)  Total time is 11 days,total cost is $1600 
D)  Total time is 10 days,total cost is $1750 
E)  Total time is 9 days,total cost is $1700 
A)  Total time is 13 days,total cost is $1200 
B)  Total time is 12 days,total cost is $1700 
C)  Total time is 11 days,total cost is $1600 
D)  Total time is 10 days,total cost is $1750 
E)  Total time is 9 days,total cost is $1700 B

Question 3

What is that sequence of activities that consume the longest amount of time in a project network of activities called? _______________________________

Accepted Answer

The critical path
Explanation: The critical path of activities in a project is the sequence of activities that form the longest chain in terms of their time to complete

Question 4

What is the most basic requirement of an EVM system? _____________________________________________________________

Accepted Answer

that it quantify progress usin

Question 5

A simple project listing of five activities and their respective time estimates are presented below: $$\begin{array} { | l | l | l | } 
\hline \text { Activity } & \text { Immediate Predecessor } & \text { Time in Days } \
\hline \text { A } & \text { None } & 1 \
\hline \text { B } & \text { A } & 2 \
\hline \text { C } & \text { A } & 1 \
\hline \text { D } & \text { B and C } & 3 \
\hline \text { E } & \text { D } & 2 \
\hline
\end{array}$$
Using CPM,which activities make up the critical path?

Accepted Answer

A)  A,C,D,E 
B)  A,B,D,E 
C)  A,C,B,D,E 
D)  A,D,E 
E)  None of the above 
A)  A,C,D,E 
B)  A,B,D,E 
C)  A,C,B,D,E 
D)  A,D,E 
E)  None of the above

Question 6

A project may be defined as a series of related jobs directed toward some major output and requiring a significant period of time to perform.

Accepted Answer

A) True 
 B)False

Question 7

Slack activity time is the difference between the early start and the late finish of a project activity time.

Accepted Answer

A) True 
 B)False

Question 8

What do the initials EVM stand for? _______________________________________

Accepted Answer

Earned Value Managem

Question 9

You have just performed a CPM analysis and have found that more than one path through the project network has zero slack values.What can you conclude?

Accepted Answer

A)  You have incorrectly performed the analysis 
B)  You have multiple critical paths 
C)  Only one path is optimal 
D)  More than one path is optimal 
E)  The project will not be completed by the desired time 
A)  You have incorrectly performed the analysis 
B)  You have multiple critical paths 
C)  Only one path is optimal 
D)  More than one path is optimal 
E)  The project will not be completed by the desired time

Question 10

The activity direct costs associated with a project might include giving workers overtime to complete a project in less-than the expected time.

Accepted Answer

A) True 
 B)False

Question 11

A project starts out as which of the following?

Accepted Answer

A)  A Statement of Work 
B)  Critical Path Method (CPM) 
C)  A series of milestones 
D)  A Gantt chart 
E)  A latest-start-time estimate 
A)  A Statement of Work 
B)  Critical Path Method (CPM) 
C)  A series of milestones 
D)  A Gantt chart 
E)  A latest-start-time estimate

Question 12

In a CPM analysis if you subtract the early start from the late start the result is the activity's slack time.

Accepted Answer

A) True 
 B)False

Question 13

CPM is an abbreviation for Critical Path Method.

Accepted Answer

A) True 
 B)False

Question 14

Earned Value Management (EVM)has the capability to combine measurements of scope,schedule and cost in a project.

Accepted Answer

A) True 
 B)False

Question 15

The Gantt chart is an example of a project control chart.

Accepted Answer

A) True 
 B)False

Question 16

The critical path of activities in a project is the sequence of activities that form the shortest chain in a project network of activities.

Accepted Answer

A) True 
 B)False

Question 17

A matrix project structure is often referred to as a "skunkworks."

Accepted Answer

A) True 
 B)False

Question 18

In the Time-Cost CPM model,cost is assumed to be a linear function of time.

Accepted Answer

A) True 
 B)False

Question 19

A disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.

Accepted Answer

A) True 
 B)False

Question 20

A project milestone is a specific event to be reached by a particular point in time.

Accepted Answer

A) True 
 B)False

Some of the advantages of a functional project where the project is housed in a functional division include which of the following?

What is that sequence of activities that consume the longest amount of time in a project network of activities called? _______________________________

What is the most basic requirement of an EVM system? _____________________________________________________________

A simple project listing of five activities and their respective time estimates are presented below: Activity Immediate Predecessor Time in Days A None 1 B A 2 C A 1 D B and C 3 E D 2 Using CPM,which activities make up the critical path?

A project may be defined as a series of related jobs directed toward some major output and requiring a significant period of time to perform.

Slack activity time is the difference between the early start and the late finish of a project activity time.

What do the initials EVM stand for? _______________________________________

You have just performed a CPM analysis and have found that more than one path through the project network has zero slack values.What can you conclude?

The activity direct costs associated with a project might include giving workers overtime to complete a project in less-than the expected time.

A project starts out as which of the following?

In a CPM analysis if you subtract the early start from the late start the result is the activity's slack time.

CPM is an abbreviation for Critical Path Method.

Earned Value Management (EVM)has the capability to combine measurements of scope,schedule and cost in a project.

The Gantt chart is an example of a project control chart.

The critical path of activities in a project is the sequence of activities that form the shortest chain in a project network of activities.

A matrix project structure is often referred to as a "skunkworks."

In the Time-Cost CPM model,cost is assumed to be a linear function of time.

A disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.

A project milestone is a specific event to be reached by a particular point in time.

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Exam 5: Projects

Some of the advantages of a functional project where the project is housed in a functional division include which of the following?

What is that sequence of activities that consume the longest amount of time in a project network of activities called? _______________________________

What is the most basic requirement of an EVM system? _____________________________________________________________

A simple project listing of five activities and their respective time estimates are presented below: Activity Immediate Predecessor Time in Days A None 1 B A 2 C A 1 D B and C 3 E D 2 Using CPM,which activities make up the critical path?

A project may be defined as a series of related jobs directed toward some major output and requiring a significant period of time to perform.

Slack activity time is the difference between the early start and the late finish of a project activity time.

What do the initials EVM stand for? _______________________________________

You have just performed a CPM analysis and have found that more than one path through the project network has zero slack values.What can you conclude?

The activity direct costs associated with a project might include giving workers overtime to complete a project in less-than the expected time.

A project starts out as which of the following?

In a CPM analysis if you subtract the early start from the late start the result is the activity's slack time.

CPM is an abbreviation for Critical Path Method.

Earned Value Management (EVM)has the capability to combine measurements of scope,schedule and cost in a project.

The Gantt chart is an example of a project control chart.

The critical path of activities in a project is the sequence of activities that form the shortest chain in a project network of activities.

A matrix project structure is often referred to as a "skunkworks."

In the Time-Cost CPM model,cost is assumed to be a linear function of time.

A disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.

A project milestone is a specific event to be reached by a particular point in time.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Manufacturing and Service Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics, and Distribution

Filters