Exam 8: Managing Projects

Table 3.7 -Using Table 3.7,what is the critical path for this project?

In making an estimate of the most pessimistic time for an activity,a manager deliberately estimates this time too high (i.e. ,longer than it should be).What is the result of this action,assuming the beta distribution is being used to make time estimates?

Explain what the close out phase of the project life cycle involves.

The ________ is a statement of all work that has to be completed.

A(n)________ determines the sequence for undertaking activities.

Table 3.12 You are responsible for managing a project with the following activities (times are given in weeks). -Using Table 3.12,what is the critical path for this network?

A hierarchical approach to developing a work breakdown structure (WBS)for a project involves breaking major work tasks down into smaller tasks.

Following are four sets of most optimistic,most likely,and most pessimistic times (in weeks)for an activity.Which one of the four sets will have a mean estimated time equal to the most likely time?

The optimistic time is the probable time required to perform the activity.

The additional cost associated with reducing an activity time is called ________.

The critical path is the sequence of activities between a project's start and finish that take the shortest time to complete.

If the sum of the variances on the critical path (and all other network paths)is equal to zero,what is the probability that the project will be completed by its earliest expected completion date?

The difference between the earliest start (ES)and the earliest finish (EF)times for any activity in a project network is the

Scope creep is one of the primary causes of project failure.

Table 3.6 -Using Table 3.6,what is the earliest completion time of the project?

Table 3.7 -Using Table 3.7,suppose activity D can be shortened from 4 weeks to 1 week.Assume all other activity times remain the same.How much shorter will the total project earliest completion time become?

Project managers should be able to organize a set of disparate activities.

Activity slack is defined as

An activity that includes writing final reports,completing remaining deliverables,and compiling the team's recommendations for improving the project process is called ________.

There are major differences between the program evaluation and review technique (PERT)and the critical path method (CPM)for network planning.