Ayben is responsible for managing an advertising and promotion project using Program Evaluation and Review Technique (PERT) with the following activities (times are given in weeks). $\begin{array}{|c|c|c|c|c|c|c|} \hline\text { Project } & \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } & \text { Expected } & \text { Activity } \\ \hline \text { Activity } & \text { Predecessor(s) } & \text { Time } & \text { Time } & \text { Time } & \text { Time } & \text { Variance } \\\hline\\\hline \text { A } & \text { none } & 2 & 5 & 14 \\ \hline \text { B } & \text { none } & 8 & 11 & 14 \\ \hline \text { C } & \text { A } & 5 & 7 & 9 \\ \hline \text { D } & \text { A } & 6 & 9 & 12 \\ \hline \text { E } & \text { B, C, D } & 1 & 3 & 5 \\ \hline \end{array}$ Draw the project network here. BLANK SPACES $\text { PERT Exam Question \#52 to \#55 }$ $\begin{array}{cccccc} \text { Activity } & \text { OT } & \text { MLT } & \text { PT } & \text { ET } & \text { AV } \\ \text { A } & 2 & 5 & 14 & 6.00 & 4.00 \\ \text { B } & 8 & 11 & 14 & 11.00 & 1.00 \\ \text { C } & 5 & 7 & 9 & 7.00 & 0.44 \\ \text { D } & 6 & 9 & 12 & 9.00 & 1.00 \\ \text { F } & 1 & 3 & 5 & 3.00 & 0.44 \end{array}$ -Using the table for the advertising and promotion project, if the expected time (not the most likely time) for activity B is changed to 18 weeks, by how many weeks will the project's expected completion time increase?

A) It will not change. B) It will increase by 1 week. C) It will increase by 2 weeks. D) It will increase by 3 weeks. A) It will not change. B) It will increase by 1 week. C) It will increase by 2 weeks. D) It will increase by 3 weeks. D

Ayben is responsible for managing an advertising and promotion project using Program Evaluation and Review Technique (PERT) with the following activities (times are given in weeks). $\begin{array}{|c|c|c|c|c|c|c|} \hline\text { Project } & \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } & \text { Expected } & \text { Activity } \\ \hline \text { Activity } & \text { Predecessor(s) } & \text { Time } & \text { Time } & \text { Time } & \text { Time } & \text { Variance } \\\hline\\\hline \text { A } & \text { none } & 2 & 5 & 14 \\ \hline \text { B } & \text { none } & 8 & 11 & 14 \\ \hline \text { C } & \text { A } & 5 & 7 & 9 \\ \hline \text { D } & \text { A } & 6 & 9 & 12 \\ \hline \text { E } & \text { B, C, D } & 1 & 3 & 5 \\ \hline \end{array}$ Draw the project network here. BLANK SPACES $\text { PERT Exam Question \#52 to \#55 }$ $\begin{array}{cccccc} \text { Activity } & \text { OT } & \text { MLT } & \text { PT } & \text { ET } & \text { AV } \\ \text { A } & 2 & 5 & 14 & 6.00 & 4.00 \\ \text { B } & 8 & 11 & 14 & 11.00 & 1.00 \\ \text { C } & 5 & 7 & 9 & 7.00 & 0.44 \\ \text { D } & 6 & 9 & 12 & 9.00 & 1.00 \\ \text { F } & 1 & 3 & 5 & 3.00 & 0.44 \end{array}$ -Using the table for the advertising and promotion project, what is the probability percentage that the project will be completed within 16 weeks?

A) Less than or equal to 20% B) Greater than 20% but less than or equal to 40% C) Greater than 40% but less than or equal to 60% D) Greater than 60% A) Less than or equal to 20% B) Greater than 20% but less than or equal to 40% C) Greater than 40% but less than or equal to 60% D) Greater than 60% A

Ayben is responsible for managing an advertising and promotion project using Program Evaluation and Review Technique (PERT) with the following activities (times are given in weeks). $\begin{array}{|c|c|c|c|c|c|c|} \hline\text { Project } & \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } & \text { Expected } & \text { Activity } \\ \hline \text { Activity } & \text { Predecessor(s) } & \text { Time } & \text { Time } & \text { Time } & \text { Time } & \text { Variance } \\\hline\\\hline \text { A } & \text { none } & 2 & 5 & 14 \\ \hline \text { B } & \text { none } & 8 & 11 & 14 \\ \hline \text { C } & \text { A } & 5 & 7 & 9 \\ \hline \text { D } & \text { A } & 6 & 9 & 12 \\ \hline \text { E } & \text { B, C, D } & 1 & 3 & 5 \\ \hline \end{array}$ Draw the project network here. BLANK SPACES $\text { PERT Exam Question \#52 to \#55 }$ $\begin{array}{cccccc} \text { Activity } & \text { OT } & \text { MLT } & \text { PT } & \text { ET } & \text { AV } \\ \text { A } & 2 & 5 & 14 & 6.00 & 4.00 \\ \text { B } & 8 & 11 & 14 & 11.00 & 1.00 \\ \text { C } & 5 & 7 & 9 & 7.00 & 0.44 \\ \text { D } & 6 & 9 & 12 & 9.00 & 1.00 \\ \text { F } & 1 & 3 & 5 & 3.00 & 0.44 \end{array}$ -Using the table for the advertising and promotion project, which activity has the largest slack, and how large is that slack?

A) Activity C; 5 weeks B) Activity A; 6 weeks C) Activity B; 4 weeks D) Activity E; 3 weeks A) Activity C; 5 weeks B) Activity A; 6 weeks C) Activity B; 4 weeks D) Activity E; 3 weeks

Rose is in charge of the advertising program for Proctor & Gamble's new laundry detergent. She has defined the advertising program as a project with the following characteristics. The goal is to complete the project on time and within budget, or she may not have this job next year-the pressure is on! $\begin{array}{|c|c|c|c|c|c|} \hline\text { Activity } & \begin{array}{c} \text { Immediate } \\ \text { Predecessor(s) } \end{array} & \begin{array}{c} \text { Normal } \\ \text { Time } \\ \text { in weeks } \end{array} & \begin{array}{c} \text { Crash Time } \\ \text { in weeks } \end{array} & \text { Normal Cost } & \text { Crash Cost } \\ \hline \text { A } & \text { None } & 2 & 2 & \$ 15,000 & \$ 15,000 \\\hline \text { B } & \text { None } & 1 & 1 & \$ 12,000 & \$ 12,000 \\ \hline \text { C } & \text { A, B } & 5 & 3 & \$ 18,000 & \$ 24,000 \\ \hline \text { D } & \text { A, B } & 4 & 2 & \$ 12,000 & \$ 16,000 \\ \hline \text { E } & \text { C, D } & 2 & 1 & \$ 22,000 & \$ 23,500 \\ \hline \text { F } & \text { D } & 4 & 3 & \$ 32,000 & \$ 36,000 \\ \hline \text { G } & \text { E, F } & 3 & 2 & \$ 19,000 & \$ 20,000 \\ \hline \end{array}$ Draw the project network in the space below if you want. BLANK SPACES -Britt is managing this project, and his bossRose gives him $5,000 to speed up the original completion time (i.e., project improvement dollars). The best action is to:

A) spend it on activity G first. B) spend it on activity F first. C) spent it on activity C first. D) spend one-half of it on activity C and one-half on activity E. A) spend it on activity G first. B) spend it on activity F first. C) spent it on activity C first. D) spend one-half of it on activity C and one-half on activity E.

Rose is in charge of the advertising program for Proctor & Gamble's new laundry detergent. She has defined the advertising program as a project with the following characteristics. The goal is to complete the project on time and within budget, or she may not have this job next year-the pressure is on! $\begin{array}{|c|c|c|c|c|c|} \hline\text { Activity } & \begin{array}{c} \text { Immediate } \\ \text { Predecessor(s) } \end{array} & \begin{array}{c} \text { Normal } \\ \text { Time } \\ \text { in weeks } \end{array} & \begin{array}{c} \text { Crash Time } \\ \text { in weeks } \end{array} & \text { Normal Cost } & \text { Crash Cost } \\ \hline \text { A } & \text { None } & 2 & 2 & \$ 15,000 & \$ 15,000 \\\hline \text { B } & \text { None } & 1 & 1 & \$ 12,000 & \$ 12,000 \\ \hline \text { C } & \text { A, B } & 5 & 3 & \$ 18,000 & \$ 24,000 \\ \hline \text { D } & \text { A, B } & 4 & 2 & \$ 12,000 & \$ 16,000 \\ \hline \text { E } & \text { C, D } & 2 & 1 & \$ 22,000 & \$ 23,500 \\ \hline \text { F } & \text { D } & 4 & 3 & \$ 32,000 & \$ 36,000 \\ \hline \text { G } & \text { E, F } & 3 & 2 & \$ 19,000 & \$ 20,000 \\ \hline \end{array}$ Draw the project network in the space below if you want. BLANK SPACES -The total minimum crash cost only for the project to achieve a two-week earlier completion time from the original project completion time is:

A) less than $1,000. B) more than $1,000 but less than or equal to $2,000. C) more than $2,000 but less than or equal to $3,000. D) more than $3,000 but less than or equal to $4,000. A) less than $1,000. B) more than $1,000 but less than or equal to $2,000. C) more than $2,000 but less than or equal to $3,000. D) more than $3,000 but less than or equal to $4,000.

Shea is in charge of the "advertising program" for the Boston Red Sox baseball team during their spring training in Fort Myers, Florida. She has defined the advertising program as a project with the following characteristics. The goal is to fill all stadium seats during the spring training season or she may not have the same job next year-the pressure is on! $\begin{array}{|c|c|c|} \hline \text { Activity } & \begin{array}{c} \text { Immediate } \\ \text { Predecessor(s) } \end{array} & \begin{array}{c} \text { Activity Time } \\ \text { in weeks } \end{array} \\ \hline \text { A } & \text { None } & 1 \\ \hline \text { B } & \text { A } & 2 \\ \hline \text { C } & \text { A } & 3 \\ \hline \text { D } & \text { A, B } & 4 \\ \hline \text { E } & \text { C, D } & 3 \\ \hline \text { F } & \text { D, E } & 2 \\ \hline \end{array}$ -If activity C is delayed by three weeks, the revised earliest project completion time is:

A) 9 weeks. B) 10 weeks. C) 11 weeks. D) 12 weeks. A) 9 weeks. B) 10 weeks. C) 11 weeks. D) 12 weeks.

Exam 18: Project Management

Ayben is responsible for managing an advertising and promotion project using Program Evaluation and Review Technique (PERT) with the following activities (times are given in weeks). Project Immediate Optimistic Most Likely Pessimistic Expected Activity Activity Predecessor(s) Time Time Time Time Variance A none 2 5 14 B none 8 11 14 C A 5 7 9 D A 6 9 12 E B, C, D 1 3 5 Draw the project network here. BLANK SPACES $\text { PERT Exam Question \#52 to \#55 }$ Activity OT MLT PT ET AV A 2 5 14 6.00 4.00 B 8 11 14 11.00 1.00 C 5 7 9 7.00 0.44 D 6 9 12 9.00 1.00 F 1 3 5 3.00 0.44 -Using the table for the advertising and promotion project, if the expected time (not the most likely time) for activity B is changed to 18 weeks, by how many weeks will the project's expected completion time increase?

Free

(Multiple Choice)

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Question 1

Correct Answer:

Verified

D

You are responsible for managing an advertising project with the following activities (times are given in weeks). $\begin{array}{cccccc}&\text { Immediate } & \text { Normal Time } & \text { Crash Time } & \text { Normal } & \text { Crash } \\\text { Activity }&\text { Predecessor } & \text { (Weeks) } & \text { (Weeks) } & \text { Cost }(\$) & \text { Cost }(\$)\\\hline\text { A } & \text { none } & 3 & 2 & \$ 14,000 & \$ 16,500 \\\text { B } & \text { none } & 6 & 6 & \$ 5,500 & \$ 5,500 \\\text { C } & \text { none } & 2 & 1 & \$ 6,000 & \$ 8,000 \\\text { D } & \text { A, B } & 5 & 3 & \$ 7,500 & \$ 14,500 \\\text { E } & \text { C } & 2 & 1 & \$ 9,000 & \$ 10,500 \\\text { F } & \text { A } & 7 & 6 & \$ 15,000 & \$ 18,000 \\\text { G } & \text { D. E F } & 4 & 3 & \$ 8,400 & \$ 10,000\end{array}$ Draw the project network here. BLANK SPACES -If activity D is delayed by 2 weeks, which one of the following statements is TRUE?

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(Multiple Choice)

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Question 2

Correct Answer:

Verified

A

Ayben is responsible for managing an advertising and promotion project using Program Evaluation and Review Technique (PERT) with the following activities (times are given in weeks). Project Immediate Optimistic Most Likely Pessimistic Expected Activity Activity Predecessor(s) Time Time Time Time Variance A none 2 5 14 B none 8 11 14 C A 5 7 9 D A 6 9 12 E B, C, D 1 3 5 Draw the project network here. BLANK SPACES $\text { PERT Exam Question \#52 to \#55 }$ Activity OT MLT PT ET AV A 2 5 14 6.00 4.00 B 8 11 14 11.00 1.00 C 5 7 9 7.00 0.44 D 6 9 12 9.00 1.00 F 1 3 5 3.00 0.44 -Using the table for the advertising and promotion project, what is the probability percentage that the project will be completed within 16 weeks?

Free

(Multiple Choice)

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Question 3

Correct Answer:

Verified

A

Ayben is responsible for managing an advertising and promotion project using Program Evaluation and Review Technique (PERT) with the following activities (times are given in weeks). Project Immediate Optimistic Most Likely Pessimistic Expected Activity Activity Predecessor(s) Time Time Time Time Variance A none 2 5 14 B none 8 11 14 C A 5 7 9 D A 6 9 12 E B, C, D 1 3 5 Draw the project network here. BLANK SPACES $\text { PERT Exam Question \#52 to \#55 }$ Activity OT MLT PT ET AV A 2 5 14 6.00 4.00 B 8 11 14 11.00 1.00 C 5 7 9 7.00 0.44 D 6 9 12 9.00 1.00 F 1 3 5 3.00 0.44 -Using the table for the advertising and promotion project, which activity has the largest slack, and how large is that slack?

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Question 4

The network below represents a project being analyzed by the Critical Path Method. a.What activity must be on the critical path, regardless of activity durations? b.What is the duration of path A-B-E-H-J? c.What is the critical path of this network? d.What is the length of the critical path?

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Question 5

The early start time for an activity is computed by finding the largest early finish time of all immediate predecessors.

(True/False)

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Question 6

The following network shows the activities on the circles or nodes. Time estimates are in weeks. $The following network shows the activities on the circles or nodes. Time estimates are in weeks. Complete the following table: \begin{array}{|c|l|l|l|l|l|l|l|} \hline\text { Activity } & \text { Time } & \begin{array}{c} \text { Earliest } \\ \text { Start } \end{array} & \begin{array}{c} \text { Earliest } \\ \text { Finish } \end{array} & \begin{array}{c} \text { Latest } \\ \text { Start } \end{array} & \begin{array}{c} \text { Latest } \\ \text { Finish } \end{array} & \text { Slack } & \begin{array}{c} \text { On Critical } \\ \text { Path? } \end{array} \\ \hline \text { A } & & & & & & & \\\hline \mathrm{B} & \\ \hline \mathrm{C} & \\ \hline \mathrm{D} & \\ \hline \mathrm{E} & \\ \hline \mathrm{F} & \\ \hline \end{array}$ Complete the following table: Activity Time Earliest Start Earliest Finish Latest Start Latest Finish Slack On Critical Path? A

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Question 7

Immediate predecessors are activities that must be completed immediately before an activity may start.

(True/False)

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Question 8

Rose is in charge of the advertising program for Proctor & Gamble's new laundry detergent. She has defined the advertising program as a project with the following characteristics. The goal is to complete the project on time and within budget, or she may not have this job next year-the pressure is on! Activity Immediate Predecessor(s) Normal Time in weeks Crash Time in weeks Normal Cost Crash Cost A None 2 2 \ 15,000 \ 15,000 B None 1 1 \ 12,000 \ 12,000 C A, B 5 3 \ 18,000 \ 24,000 D A, B 4 2 \ 12,000 \ 16,000 E C, D 2 1 \ 22,000 \ 23,500 F D 4 3 \ 32,000 \ 36,000 G E, F 3 2 \ 19,000 \ 20,000 Draw the project network in the space below if you want. BLANK SPACES -Britt is managing this project, and his bossRose gives him $5,000 to speed up the original completion time (i.e., project improvement dollars). The best action is to:

(Multiple Choice)

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Question 9

Rose is in charge of the advertising program for Proctor & Gamble's new laundry detergent. She has defined the advertising program as a project with the following characteristics. The goal is to complete the project on time and within budget, or she may not have this job next year-the pressure is on! Activity Immediate Predecessor(s) Normal Time in weeks Crash Time in weeks Normal Cost Crash Cost A None 2 2 \ 15,000 \ 15,000 B None 1 1 \ 12,000 \ 12,000 C A, B 5 3 \ 18,000 \ 24,000 D A, B 4 2 \ 12,000 \ 16,000 E C, D 2 1 \ 22,000 \ 23,500 F D 4 3 \ 32,000 \ 36,000 G E, F 3 2 \ 19,000 \ 20,000 Draw the project network in the space below if you want. BLANK SPACES -The total minimum crash cost only for the project to achieve a two-week earlier completion time from the original project completion time is:

(Multiple Choice)

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Question 10

You are responsible for managing a project with the following activities (times are given in weeks): $\begin{array}{cccccc}&\text { Immediate } & \text { Normal Time } & \text { Crash Time } & \text { Normal } & \text { Crash } \\\text { Activity }&\text { Predecessor } & \text { (Weeks) } & \text { (Weeks) } & \text { Cost }(\$) & \text { Cost }(\$)\\\hline\text { A } & \text { none } & 3 & 2 & \$ 14,000 & \$ 16,500 \\\text { B } & \text { none } & 6 & 6 & \$ 5,500 & \$ 5,500 \\\text { C } & \text { none } & 2 & 1 & \$ 6,000 & \$ 8,000 \\\text { D } & \text { A } & 5 & 3 & \$ 7,500 & \$ 14,500 \\\text { E } & \text { C } & 2 & 1 & \$ 9,000 & \$ 10,500 \\\text { F } & \text { A } & 7 & 6 & \$ 15,000 & \$ 18,000 \\\text { G } & \text { B. D. E. F } & 4 & 3 & \$ 8,400 & \$ 10,000\end{array}$ -What is the critical path and expected completion time for this project?

(Multiple Choice)

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Question 11

Which of the following statements is TRUE of the activities not on the critical path?

(Multiple Choice)

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Question 12

A Gantt chart is a useful tool for allocating limited resources among project activities.

(True/False)

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Question 13

In the critical path method (CPM), there can only be one critical path.

(True/False)

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Question 14

A high definition television manufacturer in Asia wants to develop a new smart television as fast as possible using Program Evaluation and Review Technique (PERT) and must complete the design and testing work first. The objective is to be the first to market the most innovative smart television on the planet and capture the first adopter market share. The manufacturer has determined the following activities, precedence relationships, and time estimates in days for the project: Immediate Optimistic Most Likely Pessimistic Activity Predecessors a none 4 6 7 1 2 3 5 5 5 7 9 12 2 4 8 d 6 9 10 Solutions are at the end of questions -What is the slack time for Activity B?

(Multiple Choice)

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Question 15

The Critical path method (CPM) and Project Evaluation and Review Technique (PERT) are not likely to be used in marketing.

(True/False)

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Question 16

Shea is in charge of the "advertising program" for the Boston Red Sox baseball team during their spring training in Fort Myers, Florida. She has defined the advertising program as a project with the following characteristics. The goal is to fill all stadium seats during the spring training season or she may not have the same job next year-the pressure is on! Activity Immediate Predecessor(s) Activity Time in weeks A None 1 B A 2 C A 3 D A, B 4 E C, D 3 F D, E 2 -If activity C is delayed by three weeks, the revised earliest project completion time is:

(Multiple Choice)

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Question 17

Preparation of annual reports does not require project management techniques.

(True/False)

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Question 18

To compute the critical path, all nodes in the network are assigned an earliest starting time of zero.

(True/False)

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Question 19

A high definition television manufacturer in Asia wants to develop a new smart television as fast as possible using Program Evaluation and Review Technique (PERT) and must complete the design and testing work first. The objective is to be the first to market the most innovative smart television on the planet and capture the first adopter market share. The manufacturer has determined the following activities, precedence relationships, and time estimates in days for the project: Immediate Optimistic Most Likely Pessimistic Activity Predecessors a none 4 6 7 1 2 3 5 5 5 7 9 12 2 4 8 d 6 9 10 Solutions are at the end of questions -What is the critical path

(Multiple Choice)

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Question 20

The network below represents a project being analyzed by the Critical Path Method. a.What activity must be on the critical path, regardless of activity durations? b.What is the duration of path A-B-E-H-J? c.What is the critical path of this network? d.What is the length of the critical path?

The early start time for an activity is computed by finding the largest early finish time of all immediate predecessors.

Immediate predecessors are activities that must be completed immediately before an activity may start.

Which of the following statements is TRUE of the activities not on the critical path?

A Gantt chart is a useful tool for allocating limited resources among project activities.

In the critical path method (CPM), there can only be one critical path.

The Critical path method (CPM) and Project Evaluation and Review Technique (PERT) are not likely to be used in marketing.

Preparation of annual reports does not require project management techniques.

To compute the critical path, all nodes in the network are assigned an earliest starting time of zero.

Goods, Services, and Operations Management

Value Chains

Measuring Performance in Operations

Operations Strategy

Technology and Operations Management

Goods and Service Design

Process Selection, Design, and Analysis

Facility and Work Designs

Supply Chain Design

Capacity Management

Forecasting and Demand Planning

Managing Inventories

Resource Management

Operations Scheduling and Sequencing

Quality Management

Appendix: Quality Management

Quality Control and Spc

Appendix: Queuing Analysis

Appendix: Modeling Using Linear Programming

Lean Operating Systems

Appendix: Simulation

Appendix: Decision Analysis

Filters

Exam 18: Project Management

The network below represents a project being analyzed by the Critical Path Method. a.What activity must be on the critical path, regardless of activity durations? b.What is the duration of path A-B-E-H-J? c.What is the critical path of this network? d.What is the length of the critical path?

The early start time for an activity is computed by finding the largest early finish time of all immediate predecessors.

The following network shows the activities on the circles or nodes. Time estimates are in weeks. Complete the following table: Activity Time Earliest Start Earliest Finish Latest Start Latest Finish Slack On Critical Path? A

Immediate predecessors are activities that must be completed immediately before an activity may start.

Which of the following statements is TRUE of the activities not on the critical path?

A Gantt chart is a useful tool for allocating limited resources among project activities.

In the critical path method (CPM), there can only be one critical path.

The Critical path method (CPM) and Project Evaluation and Review Technique (PERT) are not likely to be used in marketing.

Preparation of annual reports does not require project management techniques.

To compute the critical path, all nodes in the network are assigned an earliest starting time of zero.

Goods, Services, and Operations Management

Value Chains

Measuring Performance in Operations

Operations Strategy

Technology and Operations Management

Goods and Service Design

Process Selection, Design, and Analysis

Facility and Work Designs

Supply Chain Design

Capacity Management

Forecasting and Demand Planning

Managing Inventories

Resource Management

Operations Scheduling and Sequencing

Quality Management

Appendix: Quality Management

Quality Control and Spc

Appendix: Queuing Analysis

Appendix: Modeling Using Linear Programming

Lean Operating Systems

Appendix: Simulation

Appendix: Decision Analysis

Filters