Exam 3: Managing Projects

Activity R on a CPM network has predecessors M and N,and has successor S.R has duration 5.N's late finish is 18,while M's is 20.S's late start is 14.Which of the following is definitely true?

(Multiple Choice)

4.9/5

(24)

Question 21

Project managers have their own code of ethics,established by the Project Management Institute.

(True/False)

4.9/5

(31)

Question 22

Describe in words how to calculate a project's standard deviation.What assumption allows that calculation to be accurate?

(Essay)

4.9/5

(32)

Question 23

One responsibility of a project manager is to make sure that the project meets its quality goals.

(True/False)

4.9/5

(40)

Question 24

Which of the following statements regarding PERT times is true?

(Multiple Choice)

4.8/5

(38)

Question 25

A network has been crashed to the point where all activities are critical.Additional crashing:

(Multiple Choice)

4.9/5

(39)

Question 26

The fundamental difference between PERT and CPM is that PERT uses the beta distribution for crashing projects while CPM uses cost estimates.

(True/False)

4.8/5

(24)

Question 27

What are some of the ethical issues faced by project managers?

(Essay)

4.9/5

(31)

Question 28

The beta distribution is used in project management to:

(Multiple Choice)

4.9/5

(34)

Question 29

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

(Multiple Choice)

4.9/5

(33)

Question 30

Two critical path activities are candidates for crashing on a CPM network.Activity details are in the table below.To cut one day from the project's duration,activity should be crashed first,adding to project cost.

(Multiple Choice)

4.7/5

(27)

Question 31

What is the objective of critical path analysis?

(Essay)

4.9/5

(31)

Question 32

A network consists of the following list.Times are given in weeks. a.Draw the network diagram. b.Which activities form the critical path? c.How much slack exists at activities A and F? d.What is the duration of the critical path?

(Essay)

4.9/5

(41)

Question 33

Three critical path activities are candidates for crashing on a CPM network.Activity details are in the table below. a.What is the crash cost per unit time for each of the three activities? b.Which activity should be crashed first to cut one day from the project's duration;how much is added to project cost? c.Which activity should be the next activity crashed to cut a second day from the project's duration;how much is added to project cost?

(Essay)

4.9/5

(34)

Question 34

Which of the following statements regarding PERT times is true?

(Multiple Choice)

4.9/5

(22)

Question 35

The standard deviation of project duration is the average of the standard deviation of all activities on the critical path.

(True/False)

4.9/5

(40)

Question 36

Two critical path activities are candidates for crashing on a CPM network.Activity details are in the table below.To cut one day from the project's duration,activity should be crashed first,adding to project cost.

(Multiple Choice)

4.8/5

(45)

Question 37

A project whose critical path has an estimated time of 120 days with a variance of 100 has a 20% chance that the project will be completed before which day (rounded to nearest day)?

(Multiple Choice)

4.8/5

(38)

Question 38

Which of the following statements regarding CPM networks is true?

(Multiple Choice)

4.8/5

(45)

Question 39

The shortest of all paths through the network is the critical path.

(True/False)

4.8/5

(36)

Question 40

Showing 21 - 40 of 120

Exam 3: Managing Projects

Activity R on a CPM network has predecessors M and N,and has successor S.R has duration 5.N's late finish is 18,while M's is 20.S's late start is 14.Which of the following is definitely true?

Project managers have their own code of ethics,established by the Project Management Institute.

Describe in words how to calculate a project's standard deviation.What assumption allows that calculation to be accurate?

One responsibility of a project manager is to make sure that the project meets its quality goals.

Which of the following statements regarding PERT times is true?

A network has been crashed to the point where all activities are critical.Additional crashing:

The fundamental difference between PERT and CPM is that PERT uses the beta distribution for crashing projects while CPM uses cost estimates.

What are some of the ethical issues faced by project managers?

The beta distribution is used in project management to:

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

Two critical path activities are candidates for crashing on a CPM network.Activity details are in the table below.To cut one day from the project's duration,activity ________ should be crashed first,adding ________ to project cost.

What is the objective of critical path analysis?

A network consists of the following list.Times are given in weeks. a.Draw the network diagram. b.Which activities form the critical path? c.How much slack exists at activities A and F? d.What is the duration of the critical path?

Which of the following statements regarding PERT times is true?

The standard deviation of project duration is the average of the standard deviation of all activities on the critical path.

Two critical path activities are candidates for crashing on a CPM network.Activity details are in the table below.To cut one day from the project's duration,activity ________ should be crashed first,adding ________ to project cost.

A project whose critical path has an estimated time of 120 days with a variance of 100 has a 20% chance that the project will be completed before which day (rounded to nearest day)?

Which of the following statements regarding CPM networks is true?

The shortest of all paths through the network is the critical path.

Operations and Productivity

The Global Environment and Operations Strategy

Forecasting Demand

Product Design

Quality Management and International Standards

Process Design

Location Decisions

Layout Decisions

Job Design and Work Measurement

Supply Chain Management

Managing Inventory

Aggregate Scheduling

Material Requirements Planning Mrpand Erp

Scheduling for the Short-Term

Jit,lean Operations,and the Toyota Production System

Maintenance and Reliability Decisions

Sustainability

Statistical Process Control

Capacity Planning

Supply Chain Modeling

Decision Modeling

Linear Programming Models

Transportation Modeling

Queuing Models

Learning Curves

Modeling with Simulation

Filters

Two critical path activities are candidates for crashing on a CPM network.Activity details are in the table below.To cut one day from the project's duration,activity should be crashed first,adding to project cost.

Two critical path activities are candidates for crashing on a CPM network.Activity details are in the table below.To cut one day from the project's duration,activity should be crashed first,adding to project cost.