Exam 8: Managing Projects

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Table 3.5 Table 3.5    -Using Table 3.5,what is the earliest completion time of this project? -Using Table 3.5,what is the earliest completion time of this project?

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________ is the shortest time in which an activity can be completed,if all goes exceptionally well.

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Table 3.13 You are responsible for managing a project with the following activities (times are given in weeks). Table 3.13 You are responsible for managing a project with the following activities (times are given in weeks).    -Using Table 3.13,if the expected time for activity E is decreased to 8 weeks,what is the new expected completion time for the project? -Using Table 3.13,if the expected time for activity E is decreased to 8 weeks,what is the new expected completion time for the project?

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Table 3.9 All activity times for the project are in weeks. Table 3.9 All activity times for the project are in weeks.    -Using Table 3.9,what is the probability that the project will be completed in 24 weeks or less? You will need to refer to a standard normal table to answer the question. -Using Table 3.9,what is the probability that the project will be completed in 24 weeks or less? You will need to refer to a standard normal table to answer the question.

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Table 3.9 All activity times for the project are in weeks. Table 3.9 All activity times for the project are in weeks.    -Using Table 3.9,if the expected time for activity E is changed to 9 weeks,by how many weeks will the projects expected completion time increase? -Using Table 3.9,if the expected time for activity E is changed to 9 weeks,by how many weeks will the projects expected completion time increase?

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________ is the maximum length of time that an activity can be delayed without delaying the entire project.

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Why do managers want to know the slack of activities?

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Which one of the following statements about network diagrams is TRUE?

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Table 3.1 Time (weeks) Table 3.1 Time (weeks)    -Using Table 3.1,what is the earliest expected time of completion of the whole project? -Using Table 3.1,what is the earliest expected time of completion of the whole project?

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Explain what it means to crash activities within a project.

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What are the benefits of using CPM/PERT?

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Table 3.13 You are responsible for managing a project with the following activities (times are given in weeks). Table 3.13 You are responsible for managing a project with the following activities (times are given in weeks).    -Using Table 3.13,what is the critical path and the expected completion time for this project? -Using Table 3.13,what is the critical path and the expected completion time for this project?

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Many small incremental changes to project objectives,which in total significantly expand the scope are referred to as ________.

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Table 3.8 Table 3.8    -Using Table 3.8,what is the slack for activity A? -Using Table 3.8,what is the slack for activity A?

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The correct sequence of the four major phases in projects life cycle is;organization,planning,execution and closeout.

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A(n)________ depicts the relationships between activities,which consists of nodes (circles)and arcs (arrows).

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Table 3.2 Time (days) Table 3.2 Time (days)    -Using Table 3.2,which activity is on the critical path? -Using Table 3.2,which activity is on the critical path?

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In planning projects,the acronym WBS stands for "work behind schedule."

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Assuming a beta distribution is being used,if the most pessimistic time for an activity increases by 6 weeks,what will happen to the expected time for that activity?

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If one activity along the critical path is delayed,the entire project will be delayed.

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