Exam 8: Managing Projects

In controlling projects,the term close out refers to the decision to terminate a project because the actual time required to complete the project was going to exceed the completion date established in the original project plan.

Table 3.10 You are responsible for managing a project with the following activities (times are given in weeks). -Using Table 3.10,if the expected time for activity B is changed to 18 weeks,by how many weeks will the project's expected completion time increase?

Which one of the following situations is more appropriate for the application of project management?

A precedence relationship specifies that one activity cannot start until a preceding activity has been completed.

The ________ is the longest estimated time required to perform an activity.

Projects often cut across organizational lines.

Projects have a life cycle that consists of four parts.

To obtain the latest start and latest finish time,we must work forward through the network.

The ________ is the sequence of activities between a project's start and finish that takes the longest time to complete.

Activity slack refers to how much time an activity's completion time must be reduced by in order to shorten the critical path.

Among all the paths of activities in a project's network diagram,the critical path is the path with the most activity slack.

Table 3.9 All activity times for the project are in weeks. -Using Table 3.9,what is the critical path of this project?

Table 3.12 You are responsible for managing a project with the following activities (times are given in weeks). -Using Table 3.12,if the expected time for activity D is increased to 6 weeks,by how many weeks will the project's expected completion time increase?

The activities along the critical path determine the completion time for the project.

A(n)________ is an interrelated set of activities that have a definite starting and ending point and that result in a unique outcome for a specific allocation of resources.

All activities on the critical path must be crashed,or expedited,in order to reduce the overall project completion time.

A project has three paths.A-B-C has a length of 25 days.A-D-C has a length of 15 days.Finally,A-E-C has a length of 20 days.Which one of the following statements is TRUE?

Crashing,or expediting,any activity within a project will reduce the overall project completion time.

Total slack for an activity is calculated by adding up the time required to complete all activities that follow the activity in the project.

Risk is a measure of the probability and consequences of not reaching a defined project goal.