Exam 8: Managing Projects

Which one of the following best describes the critical path of a PERT/CPM network?

In an activity-on-node (AON)network,the nodes represent ________ whereas the arcs represent ________.

________ simply adds more of an overloaded resource to maintain the schedule of an activity.

A project is an interrelated set of activities that has a definite starting and ending point.

Table 3.3 -Using Table 3.3,what is the minimum number of activities that would have to be crashed in order to cause a decrease in the project's earliest completion date?

Table 3.11 You are responsible for managing a project with the following activities (times are given in days). -Using,Table 3.11,what is the critical path and expected completion time for this project?

Resource allocation is an attempt to shift ________ from activities with slack to those on the critical path where resources are overloaded.

________ is a measure of the probability and consequence of not reaching a defined project goal.

Of the four major phases in project life cycles,typically the execution stage requires the most resources.

Typically activities along the critical path have more slack than activities not on the critical path.

Table 3.1 Time (weeks) -Using Table 3.1,which activity will have the largest amount of slack?

Changes to the scope of a project inevitably decrease costs.

A critical path is the sequence of activities between a project's start and finish.

Deviations from the project plan are often referred to as ________.

The ________ is the probable time required to perform an activity.

Each activity in the work breakdown structure must have an "owner" who is responsible for doing the work.

Describe the four steps followed to determine the minimum-cost schedule for a project that is planned based on the critical path method (CPM).

Table 3.8 -Using Table 3.8,what is the critical path of the above project?

Scope creep refers to all activities that have yet to be completed in a project.

The crash cost is the additional cost associated with reducing the time required to complete an activity in a project.