Exam 3: Managing Projects

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Describe some of the challenges faced in the construction of the new 11-story building at Arnold Palmer Hospital in Orlando,Florida.

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Prior to beginning actual construction,regulatory and funding issues added,as they do with most projects,substantial time to the overall project.Cities have zoning and parking issues,the EPA has drainage and waste issues,and regulatory authorities have their own requirements,as do issuers of bonds.

Work breakdown structure is a useful tool in project management because it addresses the timing of individual work elements.

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Gantt charts give a timeline for each of a project's activities,but they do not adequately illustrate the interrelationships between the activities and the resources.

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What is a project organization?

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Which of the following statements concerning CPM activities is false?

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Which of the following is NOT one of the phases of project management?

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A project being analyzed by PERT has 60 activities,13 of which are on the critical path.If the estimated time along the critical path is 214 days with a project variance of 100,what is the probability that the project will take 224 days or more to complete?

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A project being analyzed by PERT has 38 activities,16 of which are on the critical path.If the estimated time along the critical path is 90 days with a project variance of 25,what is the probability that the project will be completed in 88 days or less?

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The network analysis method that allows activity times to vary is ________.

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A project whose critical path has an estimated time of 820 days with a variance of 225 has a 20% chance that the project will be completed before which day (rounded to nearest day)?

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The main difference between PERT and CPM is that:

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The critical path for the network activities shown below is ________ with duration ________. The critical path for the network activities shown below is ________ with duration ________.

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Which of the following statements regarding Bechtel is true?

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A combination of effective Gantt chart use and other tactics allowed Delta to cut the average time for a plane layover by what % of the original 60 minute duration?

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A partially solved PERT problem is detailed in the table below.Times are given in weeks. A partially solved PERT problem is detailed in the table below.Times are given in weeks.    a.Calculate the expected time for each activity.Enter these values in the appropriate column in the table above. b.Which activities form the critical path? c.What is the estimated time of the critical path? d.What are the project variance and the project standard deviation? e.What is the probability of completion of the project after week 40? a.Calculate the expected time for each activity.Enter these values in the appropriate column in the table above. b.Which activities form the critical path? c.What is the estimated time of the critical path? d.What are the project variance and the project standard deviation? e.What is the probability of completion of the project after week 40?

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The PERT pessimistic time estimate is an estimate of the minimum time an activity will require.

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Identify each of the purposes of project scheduling.

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Explain why the critical path is the longest,not the shortest,path through a network.

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A simple CPM network has three activities,A,B,and C.A is an immediate predecessor of B and of C.B is an immediate predecessor of C.The activity durations are A=4,B=3,C=8.

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Describe the differences between a Gantt chart and a PERT/CPM network.

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