Exam 8: Project Management

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One aspect of project control is team building.

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The sequence of activities in a project is depicted by the precedence relationships.

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Three time estimates (optimistic, most likely, and pessimistic) provide an estimate of the mean and variance for each activity, based on the ________ distribution.

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Consider the following project. Activity Imunediate Predecessor Activity Time (drys) A -- 3 -- 4 4 6 5 , 4 7 -What is the critical path?

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________ is the amount of time an activity can be delayed without delaying the project.

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Project management differs from management of more traditional day-to-day activities because

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Refer to the table below to answer the question(s) that follow: ~~~~~~~~~~~~~~~~~~~~~~~~~Activity~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Times~ (weeks)\\ \begin{array}{c} \text { Activity } & \text { Predecessor } & \text { Optimistic } & \text { Most Likely } & \text { Pessimi } \\ \hline \text { A } & --- & 9 & 15 & 21 \\ \text { B } & --- & 13 & 21 & 23 \\ \text { C } & \text { A } & 6 & 9 & 18 \\ \text { D } & \text { A } & 23 & 35 & 47 \\ \text { E } & \text { B } & 19 & 26 & 27 \\ \text { F } & \text { C } & 23 & 29 & 41 \\ \text { G } & \text { D,E } & 14 & 20 & 26 \\ \text { H } & \text { F,G } & 2 & 5 & 8 \end{array} -What are the estimated standard deviations (in weeks) in the times for activities A-H?

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On an AOA diagram, a ________ represents an activity of a project.

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Estimating project funds is an element of project planning.

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Refer to the table below to answer the question(s) that follow: ~~~~~~~~~~~~~~~~~~~~~~~~~Activity~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Times~ (weeks)\\ \begin{array}{c} \text { Activity } & \text { Predecessor } & \text { Optimistic } & \text { Most Likely } & \text { Pessimi } \\ \hline \text { A } & --- & 9 & 15 & 21 \\ \text { B } & --- & 13 & 21 & 23 \\ \text { C } & \text { A } & 6 & 9 & 18 \\ \text { D } & \text { A } & 23 & 35 & 47 \\ \text { E } & \text { B } & 19 & 26 & 27 \\ \text { F } & \text { C } & 23 & 29 & 41 \\ \text { G } & \text { D,E } & 14 & 20 & 26 \\ \text { H } & \text { F,G } & 2 & 5 & 8 \end{array} -Determine the latest start for activity E.

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Refer to the table below to answer the question(s) that follow: ~~~~~~~~~~~~~~~~~~~~~~~~~Activity~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Times~ (weeks)\\ \begin{array}{c} \text { Activity } & \text { Predecessor } & \text { Optimistic } & \text { Most Likely } & \text { Pessimi } \\ \hline \text { A } & --- & 9 & 15 & 21 \\ \text { B } & --- & 13 & 21 & 23 \\ \text { C } & \text { A } & 6 & 9 & 18 \\ \text { D } & \text { A } & 23 & 35 & 47 \\ \text { E } & \text { B } & 19 & 26 & 27 \\ \text { F } & \text { C } & 23 & 29 & 41 \\ \text { G } & \text { D,E } & 14 & 20 & 26 \\ \text { H } & \text { F,G } & 2 & 5 & 8 \end{array} -What is the estimated expected mean time (in weeks) for the project completion?

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When earliest finish is subtracted from latest finish, we obtain the slack value for the activity.

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A work breakdown structure is a useful tool because it addresses the timing of individual work elements.

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Making time estimates is an element of project planning.

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A ________ breaks down a project into modules: subcomponents, components, activities, and tasks.

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Crashing cost is always higher than the normal cost.

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In PERT, three time estimates (optimistic, most likely, and pessimistic) provide an estimate of the mean and variance for each activity, based on the normal distribution.

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Consider the following project. Activity Immediate Processor Activity Time (days) A - 6 B - 8 C A, B 5 D B 4 E C 7 F C, D 3 G D 6 H E, F, G 5 -How much can activity F be delayed without delaying the project completion?

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If t is the expected completion time for a given activity, then:

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In PERT, the path with the fewest activities is referred to as the critical path.

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