Question 1

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project.
  
Table 9.2
-Using Table 9.2,the variance for activity E is

Accepted Answer

A) 1.291. 
B) 1.667. 
C) 2.582. 
D) 2.778. 
A) 1.291. 
B) 1.667. 
C) 2.582. 
D) 2.778.

Question 2

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project.
  
Table 9.2
-Using Table 9.2,the probability that the project could be completed in 34 weeks or less is approximately

Accepted Answer

A) 0.86. 
B) 0.89. 
C) 0.91. 
D) 0.96. 
A) 0.86. 
B) 0.89. 
C) 0.91. 
D) 0.96.

Question 3

Why have projects taken on a more crucial role in operations management?

Accepted Answer

In recent years projects have become mor

Question 4

In project management the term slack refers to the amount of time

Accepted Answer

A) to complete an activity without delaying the project. 
B) an activity can be delayed without delaying the project. 
C) needed to complete the entire project. 
D) required to complete the project's critical activities. 
A) to complete an activity without delaying the project. 
B) an activity can be delayed without delaying the project. 
C) needed to complete the entire project. 
D) required to complete the project's critical activities.

Question 5

In general,crashing costs decrease as a project's duration is shortened.

Accepted Answer

A) True 
 B)False

Question 6

The critical path is the shortest path through the project's network.

Accepted Answer

A) True 
 B)False

Question 7

The estimated variance for an activity with a most likely time (m)equal to 12 weeks,an optimistic time (a)equal to 9 weeks,and a pessimistic time (b)equal to 18 weeks is

Accepted Answer

A) 3.75 weeks. 
B) 1.50 weeks. 
C) 5.25 weeks. 
D) 2.25 weeks. 
A) 3.75 weeks. 
B) 1.50 weeks. 
C) 5.25 weeks. 
D) 2.25 weeks.

Question 8

Enterprise project management refers to the management and control of a large,complex project.

Accepted Answer

A) True 
 B)False

Question 9

A work breakdown structure provides a common understanding of and justification for a project.

Accepted Answer

A) True 
 B)False

Question 10

The upper level of a work breakdown structure for a project highlights summary activities and/or major components.

Accepted Answer

A) True 
 B)False

Question 11

A unique,one-time operational activity or effort is referred to as a process.

Accepted Answer

A) True 
 B)False

Question 12

Two key elements of project control are time management and cost management.

Accepted Answer

A) True 
 B)False

Question 13

A standard procedure for numerically measuring a project's progress is referred to as a(n)

Accepted Answer

A) program evaluation and review technique (PERT). 
B) critical path method (CPM). 
C) Gantt chart. 
D) earned value analysis. 
A) program evaluation and review technique (PERT). 
B) critical path method (CPM). 
C) Gantt chart. 
D) earned value analysis.

Question 14

The three major components of project management include planning,scheduling,and costing.

Accepted Answer

A) True 
 B)False

Question 15

A bar graph displaying when activities are scheduled to start,when they will be finished,and where extra time is available is known as a

Accepted Answer

A) PERT chart. 
B) work breakdown structure (WBS). 
C) Gantt chart. 
D) responsibility assignment matrix (RAM). 
A) PERT chart. 
B) work breakdown structure (WBS). 
C) Gantt chart. 
D) responsibility assignment matrix (RAM).

Question 16

The _______________ probability distribution is typically used to describe uncertain activity times in a project.

Accepted Answer

A) beta 
B) normal 
C) binomial 
D) exponential 
A) beta 
B) normal 
C) binomial 
D) exponential

Question 17

Slack represents the amount of time an activity can be delayed without delaying the project completion time.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following statements is generally true regarding the relationship between project crashing costs and indirect costs?

Accepted Answer

A) both crashing costs and indirect costs are highest when the project is shortened 
B) only indirect costs increase when the project is shortened 
C) both are unaffected by the length of the project 
D) crashing costs increase when the project is shortened while indirect costs decrease when the project is shortened 
A) both crashing costs and indirect costs are highest when the project is shortened 
B) only indirect costs increase when the project is shortened 
C) both are unaffected by the length of the project 
D) crashing costs increase when the project is shortened while indirect costs decrease when the project is shortened

Question 19

In general,the latest finish time for an activity is equal to

Accepted Answer

A) latest finish time minus the activity time estimate. 
B) the minimum of the latest start times for the activities that immediately follow. 
C) the maximum of the latest start times for the activities that immediately follow. 
D) the average of the latest start times for the activities that immediately follow. 
A) latest finish time minus the activity time estimate. 
B) the minimum of the latest start times for the activities that immediately follow. 
C) the maximum of the latest start times for the activities that immediately follow. 
D) the average of the latest start times for the activities that immediately follow.

Question 20

The estimated variance for an activity with a most likely time (m)equal to 11 days,the optimistic time (a)equal to 6 days ,and the pessimistic time (b)equal to 18 days is

Accepted Answer

A) 2 days. 
B) 4 days. 
C) 6 days. 
D) 11 days. 
A) 2 days. 
B) 4 days. 
C) 6 days. 
D) 11 days.

Exam 9: Project Management

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project. Table 9.2 -Using Table 9.2,the variance for activity E is

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project. Table 9.2 -Using Table 9.2,the probability that the project could be completed in 34 weeks or less is approximately

Why have projects taken on a more crucial role in operations management?

In project management the term slack refers to the amount of time

In general,crashing costs decrease as a project's duration is shortened.

The critical path is the shortest path through the project's network.

The estimated variance for an activity with a most likely time (m)equal to 12 weeks,an optimistic time (a)equal to 9 weeks,and a pessimistic time (b)equal to 18 weeks is

Enterprise project management refers to the management and control of a large,complex project.

A work breakdown structure provides a common understanding of and justification for a project.

The upper level of a work breakdown structure for a project highlights summary activities and/or major components.

A unique,one-time operational activity or effort is referred to as a process.

Two key elements of project control are time management and cost management.

A standard procedure for numerically measuring a project's progress is referred to as a(n)

The three major components of project management include planning,scheduling,and costing.

A bar graph displaying when activities are scheduled to start,when they will be finished,and where extra time is available is known as a

The _______________ probability distribution is typically used to describe uncertain activity times in a project.

Slack represents the amount of time an activity can be delayed without delaying the project completion time.

Which of the following statements is generally true regarding the relationship between project crashing costs and indirect costs?

In general,the latest finish time for an activity is equal to

The estimated variance for an activity with a most likely time (m)equal to 11 days,the optimistic time (a)equal to 6 days ,and the pessimistic time (b)equal to 18 days is

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