Question 1

Which of the following is NOT one of the five steps involved in planning projects?

Accepted Answer

A) Analyzing cost-time trade-offs 
B) Developing the schedule 
C) Diagramming the network 
D) Monitoring resource usage during the execution phase 
A) Analyzing cost-time trade-offs 
B) Developing the schedule 
C) Diagramming the network 
D) Monitoring resource usage during the execution phase

Question 2

Table 3.11
You are responsible for managing a project with the
following activities (times are given in days).
  
-Using,Table 3.11,which of the following activities has the largest amount of slack?

Accepted Answer

A) Activity B 
B) Activity D 
C) Activity E 
D) Activity F 
A) Activity B 
B) Activity D 
C) Activity E 
D) Activity F

Question 3

Projects cannot have more than one critical path.

Accepted Answer

A) True 
 B)False

Question 4

________ is the smallest unit of work effort consuming both time and resources that the project manager can schedule and control.

Accepted Answer

The answer of ________ is the smallest unit of work...

Question 5

Explain how cost-time tradeoffs should be analyzed for projects.

Accepted Answer

The reality of project management is tha

Question 6

Which one of the following conditions violates the assumptions of PERT/CPM networks?

Accepted Answer

A) Some activities can have zero variance. 
B) Costs increase linearly as activity time is reduced below its normal time. 
C) Two activities tied together by an arc are overlapping and can be worked on simultaneously. 
D) There can be more than one critical path in a network. 
A) Some activities can have zero variance. 
B) Costs increase linearly as activity time is reduced below its normal time. 
C) Two activities tied together by an arc are overlapping and can be worked on simultaneously. 
D) There can be more than one critical path in a network.

Question 7

________ is an attempt to reduce the peaks and valleys in resource needs by shifting the schedules of conflicting activities within their earliest and latest start dates.

Accepted Answer

The answer of ________ is an attempt to reduce the...

Question 8

A Gantt chart is a project schedule that superimposes project activities on a time line.

Accepted Answer

A) True 
 B)False

Question 9

When using the beta distribution for estimating activity times,

Accepted Answer

A) an advantage is that the mode of the distribution is always equidistant from the end points of the distribution. 
B) the most likely time estimate can be positioned anywhere between the optimistic and pessimistic time estimates. 
C) we assume that the standard deviation is one-third the range between the optimistic and pessimistic time estimates. 
D) the most likely time estimate becomes the mean of the distribution. 
A) an advantage is that the mode of the distribution is always equidistant from the end points of the distribution. 
B) the most likely time estimate can be positioned anywhere between the optimistic and pessimistic time estimates. 
C) we assume that the standard deviation is one-third the range between the optimistic and pessimistic time estimates. 
D) the most likely time estimate becomes the mean of the distribution.

Question 10

To calculate the probability of completing a project by a certain date,

Accepted Answer

A) the expected completion time of the project is taken to be the sum of the activity times on the shortest path. 
B) the variance of the distribution of project completion times is taken to be one-sixth the difference between the latest finish time and the earliest finish time of the last activity in the project. 
C) we assume that the activity durations are independent of each other so that the normal distribution can be used. 
D) we only need the parameters of the beta distribution for the finish node of the diagram. 
A) the expected completion time of the project is taken to be the sum of the activity times on the shortest path. 
B) the variance of the distribution of project completion times is taken to be one-sixth the difference between the latest finish time and the earliest finish time of the last activity in the project. 
C) we assume that the activity durations are independent of each other so that the normal distribution can be used. 
D) we only need the parameters of the beta distribution for the finish node of the diagram.

Question 11

Table 3.2
Time (days)
  
-Using Table 3.2,what is the earliest expected time of completion of the whole project?

Accepted Answer

A) less than or equal to 21 days 
B) greater than 21 but less than or equal to 22 days 
C) greater than 22 but less than or equal to 23 days 
D) greater than 23 days 
A) less than or equal to 21 days 
B) greater than 21 but less than or equal to 22 days 
C) greater than 22 but less than or equal to 23 days 
D) greater than 23 days

Question 12

Table 3.10
You are responsible for managing a project with the following activities
(times are given in weeks).
  
-Using Table 3.10,what is the probability of completing the project in 17 weeks or less? You will need to refer to a standard normal table to answer the question.

Accepted Answer

A) less than or equal to 40% 
B) greater than 40% but less than or equal to 55% 
C) greater than 55% but less than or equal to 70% 
D) greater than 70% 
A) less than or equal to 40% 
B) greater than 40% but less than or equal to 55% 
C) greater than 55% but less than or equal to 70% 
D) greater than 70%

Question 13

A(n)________ chart is a project schedule that superimposes project activities,with their precedence relationships and estimated duration times,on a time line.

Accepted Answer

The answer of A(n)________ chart is a project schedule that...

Question 14

Table 3.3
  
-Using Table 3.3,what is the earliest completion time for this project?

Accepted Answer

A) 9 weeks 
B) 12 weeks 
C) 15 weeks 
D) none of the above 
A) 9 weeks 
B) 12 weeks 
C) 15 weeks 
D) none of the above

Question 15

What characteristics should project manager possess?

Accepted Answer

Project managers should be goo

Question 16

Table 3.12
You are responsible for managing a project with the following activities (times are given in weeks).
  
-Using Table 3.12,which of the following activities has the largest amount of slack?

Accepted Answer

A) Activity C 
B) Activity D 
C) Activity E 
D) Activity H 
A) Activity C 
B) Activity D 
C) Activity E 
D) Activity H

Question 17

Table 3.3
  
-Using Table 3.3,what is the largest amount of slack that any activity in the project has?

Accepted Answer

A) 0 weeks 
B) 1 week 
C) 2 weeks 
D) 3 or more weeks 
A) 0 weeks 
B) 1 week 
C) 2 weeks 
D) 3 or more weeks

Question 18

Table 3.4
  
-Using Table 3.4,the expected time to complete the whole project is

Accepted Answer

A) less than 12 weeks. 
B) 12 weeks. 
C) 14 weeks. 
D) more than 14 weeks. 
A) less than 12 weeks. 
B) 12 weeks. 
C) 14 weeks. 
D) more than 14 weeks.

Question 19

The duration of an entire project is determined by the earliest finish time (EF)for the last activity on the critical path.

Accepted Answer

A) True 
 B)False

Question 20

Assuming a beta distribution is being used,if the most optimistic time for an activity decreases by 12 days,what will happen to the expected time for that activity?

Accepted Answer

A) It will increase by 2 days. 
B) It will decrease by 2 days. 
C) It will decrease by 12 days. 
D) It will remain the same. 
A) It will increase by 2 days. 
B) It will decrease by 2 days. 
C) It will decrease by 12 days. 
D) It will remain the same.

Exam 8: Managing Projects

Which of the following is NOT one of the five steps involved in planning projects?

Table 3.11 You are responsible for managing a project with the following activities (times are given in days). -Using,Table 3.11,which of the following activities has the largest amount of slack?

Projects cannot have more than one critical path.

________ is the smallest unit of work effort consuming both time and resources that the project manager can schedule and control.

Explain how cost-time tradeoffs should be analyzed for projects.

Which one of the following conditions violates the assumptions of PERT/CPM networks?

________ is an attempt to reduce the peaks and valleys in resource needs by shifting the schedules of conflicting activities within their earliest and latest start dates.

A Gantt chart is a project schedule that superimposes project activities on a time line.

When using the beta distribution for estimating activity times,

To calculate the probability of completing a project by a certain date,

Table 3.2 Time (days) -Using Table 3.2,what is the earliest expected time of completion of the whole project?

Table 3.10 You are responsible for managing a project with the following activities (times are given in weeks). -Using Table 3.10,what is the probability of completing the project in 17 weeks or less? You will need to refer to a standard normal table to answer the question.

A(n)________ chart is a project schedule that superimposes project activities,with their precedence relationships and estimated duration times,on a time line.

Table 3.3 -Using Table 3.3,what is the earliest completion time for this project?

What characteristics should project manager possess?

Table 3.12 You are responsible for managing a project with the following activities (times are given in weeks). -Using Table 3.12,which of the following activities has the largest amount of slack?

Table 3.3 -Using Table 3.3,what is the largest amount of slack that any activity in the project has?

Table 3.4 -Using Table 3.4,the expected time to complete the whole project is

The duration of an entire project is determined by the earliest finish time (EF)for the last activity on the critical path.

Assuming a beta distribution is being used,if the most optimistic time for an activity decreases by 12 days,what will happen to the expected time for that activity?

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