Exam 15: Project Management Online

A company wants to use PERT to manage a project.They have developed the following spreadsheet for the problem.If The Risk Solver Platform RSP)is used,what formula should go in cell F3 of the spreadsheet to compute the Activity Time when simulating a PERT analysis? A B C D E F G H I J K L 1 Time Random Activity Estimates 2 Act Number Time EST EFT LST LFT SLACK 3 A 8 10 14 0.73 11.46 0 11.462 0.00 11.46 0.00 ** 4 B 2 3 4 0.19 2.62 11.462 14.081 12.90 15.52 1.44 5 C 3 4 5 0.56 4.06 11.462 15.521 11.46 15.52 0.00 ** 6 5 8 12 0.94 10.72 15.521 26.24 15.52 26.24 0.00 ** 7 1 2 4 0.35 2.03 26.24 28.272 28.08 30.11 1.84 8 3 5 7 0.09 3.87 26.24 30.109 26.24 30.11 0.00 ** 9 1 2 3 0.59 2.09 30.109 32.202 30.11 32.20 0.00 **

The main difference between CPM and PERT is that

Exhibit 15.3 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities: Days Predecessor Activity Required Activities A 5 - B 3 A C 4 A D 7 B, C E 6 C F 5 E G 4 D, F -Refer to Exhibit 15.3.The following spreadsheet was developed to determine the earliest start times and latest start times for the project.Based on the data in the spreadsheet,which activities are on the critical path? A B C D E F G H I 1 Activity Description Predecessor Time EST EFT LST LFT Slack 2 A Activity A 5 0 5 0 5 0 3 B Activity B A 3 5 8 10 13 5 4 C Activity C A 4 5 9 5 9 0 5 D Activity D B,C 7 9 16 13 20 4 6 E Activity E C 6 9 15 9 15 0 7 F Activity F E 5 15 20 15 20 0 8 G Activity G D, F 4 20 24 20 24 0

The purpose of the backward pass in the Critical Path Method CPM)technique is to

Which of the following correctly describes the focus of the Program Evaluation and Review Technique PERT)?

One of PERT's bold assumptions is that

The purpose of the forward pass in the Critical Path Method CPM)technique is to

Exhibit 15.2 The following questions employ the AON network and completed spreadsheet below. A B C D E F G H I 1 Activity Description Predecessor Time EST EFT LST LFT Slack 2 A Activity A 4 0 4 0 4 0 3 B Activity B A 3 4 7 4 7 0 4 C Activity C A 2 4 6 5 7 1 5 D Activity D B,C 7 7 14 7 14 0 6 E Activity E D 1 14 15 15 16 1 7 F Activity F D 2 14 16 14 16 0 8 G Activity G E,F 3 16 19 16 19 0 -Refer to Exhibit 15.2.What formula is placed in cell G5 to calculate the Latest Start Time?

A project plan is established

Which activities are critical in the following diagram?

If we are employing Activity-On-Arc AOA)network design,the arcs in the network diagram represent

What is the formula for the earliest finish time for activity i?

In deciding which activities to crash,select

In a PERT network the time required to complete a path is an)

What formula should go in cell I5 of the following spreadsheet to compute Actual Time Between Starts?

Exhibit 15.3 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities: Days Predecessor Activity Required Activities A 5 - B 3 A C 4 A D 7 B, C E 6 C F 5 E G 4 D, F -Refer to Exhibit 15.3.Manually determine the earliest and latest start and finish times for each activity and the amount of slack for each activity.What is the critical path for the project and how long should it take to complete it?

Exhibit 15.2 The following questions employ the AON network and completed spreadsheet below. A B C D E F G H I 1 Activity Description Predecessor Time EST EFT LST LFT Slack 2 A Activity A 4 0 4 0 4 0 3 B Activity B A 3 4 7 4 7 0 4 C Activity C A 2 4 6 5 7 1 5 D Activity D B,C 7 7 14 7 14 0 6 E Activity E D 1 14 15 15 16 1 7 F Activity F D 2 14 16 14 16 0 8 G Activity G E,F 3 16 19 16 19 0 -Refer to Exhibit 15.2.Which of the following activities is not on the critical path for the network?

Activity-on-Arc AOA)networks do not allow multiple arcs with common start and finish nodes.If this must be represented,how is an AOA network modified?

A company wants to use PERT to manage a project.They have developed the following spreadsheet for the problem.What formula should go in cell F3 of the spreadsheet to compute the Activity Time when simulating a PERT analysis?

A weakness of Gantt charts is that they do not explicitly