Question 1

Which of the following is NOT a limitation of PERT?

Accepted Answer

A) Project activities have to be clearly defined,independent,and stable in their relationships. 
B) Precedence relationships must be specified and networked together. 
C) Only one time estimate can be used for each activity. 
D) Time estimates tend to be subjective and are subject to fudging by managers. 
E) There is the inherent danger of placing too much emphasis on the critical path. 
A) Project activities have to be clearly defined,independent,and stable in their relationships. 
B) Precedence relationships must be specified and networked together. 
C) Only one time estimate can be used for each activity. 
D) Time estimates tend to be subjective and are subject to fudging by managers. 
E) There is the inherent danger of placing too much emphasis on the critical path.

Question 2

Which of the following statements regarding PERT analysis is true?

Accepted Answer

A) Each activity has two estimates of its duration. 
B) Project variance is the sum of all activity variances. 
C) Project standard deviation is the sum of all critical activity standard deviations. 
D) Only critical activities contribute to the project variance. 
E) The most likely time is equivalent to the expected activity time. 
A) Each activity has two estimates of its duration. 
B) Project variance is the sum of all activity variances. 
C) Project standard deviation is the sum of all critical activity standard deviations. 
D) Only critical activities contribute to the project variance. 
E) The most likely time is equivalent to the expected activity time.

Question 3

Draw the AOA and AON networks for the following project and calculate the minimum project duration.

Accepted Answer

AON @#IMG-DLM& AOA @#IMG-DLM& Minimum du

Question 4

The ________ is a project management technique using only one time factor per activity that enables managers to schedule,monitor,and control large and complex projects.

Accepted Answer

critical p

Question 5

If an activity whose normal duration is 15 days can be shortened to 10 days for an added cost of $2,000,what is the crash cost per period?

Accepted Answer

A) $400 
B) $2,000 
C) $10,000 
D) $20,000 
E) $30,000 
A) $400 
B) $2,000 
C) $10,000 
D) $20,000 
E) $30,000

Question 6

The time an activity will take assuming very unfavorable conditions is:

Accepted Answer

A) the optimistic time. 
B) the pessimistic time. 
C) the activity variance. 
D) the minimum time. 
E) exactly twice as long as the expected time. 
A) the optimistic time. 
B) the pessimistic time. 
C) the activity variance. 
D) the minimum time. 
E) exactly twice as long as the expected time.

Question 7

One phase of a large project is scheduling.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

The control of projects involves close monitoring of which of the following?

Accepted Answer

A) resources 
B) costs 
C) quality 
D) budgets 
E) all of the above 
A) resources 
B) costs 
C) quality 
D) budgets 
E) all of the above

Question 10

Shortening the project's duration by deleting unnecessary activities is called "project crashing."

Accepted Answer

A) True 
 B)False

Question 11

In project management,crashing an activity must consider the impact on all paths in the network.

Accepted Answer

A) True 
 B)False

Question 12

Ethical issues that can arise in projects include gifts from contractors,pressure to mask delays with false status reports,and pressure to compromise project quality to meet bonuses or avoid penalties related to schedules.

Accepted Answer

A) True 
 B)False

Question 13

Identify,in order,the six steps basic to both PERT and CPM.

Accepted Answer

1.Define the project and prepare the WBS

Question 14

________ is the amount of time an individual activity in a network can be delayed without delaying the entire project.

Accepted Answer

The answer of ________ is the amount of time an...

Question 15

Consider the network presented in the following table.Calculate
a.All possible paths
b.The critical path
c.The slack available at any non-critical points
d.The minimum project duration

Accepted Answer

@#IMG-DLM& (A)Two paths are possible,ACDE and ABE.

Question 16

The ________ distribution is appropriate for calculating expected activity times and activity variances in PERT networks.

Accepted Answer

The answer of The ________ distribution is appropriate for calculating...

Question 17

Match the following steps in Microsoft's development of Windows 8 to their respective WBS level. Step Level
Develop Windows 8 Operating System ?
System Testing ?
Compatible with Windows 7 ?
Develop GUI's ?
Module Testing ?

Accepted Answer

A) Level 1,Level 2,Level 4,Level 3,Level 3 
B) Level 1,Level 2,Level 3,Level 4,Level 5 
C) Level 0,Level 1,Level 2,Level 3,Level 4 
D) Level 0,Level 2,Level 2,Level 3,Level 3 
E) Level 5,Level 3,Level 4,Level 1,Level 2 
A) Level 1,Level 2,Level 4,Level 3,Level 3 
B) Level 1,Level 2,Level 3,Level 4,Level 5 
C) Level 0,Level 1,Level 2,Level 3,Level 4 
D) Level 0,Level 2,Level 2,Level 3,Level 3 
E) Level 5,Level 3,Level 4,Level 1,Level 2

Question 18

The beta distribution is used in project management to:

Accepted Answer

A) determine which activity should be crashed. 
B) calculate the probability that a project will be completed within its budget. 
C) calculate expected activity times. 
D) calculate slack for activities on the critical path. 
E) none of the above 
A) determine which activity should be crashed. 
B) calculate the probability that a project will be completed within its budget. 
C) calculate expected activity times. 
D) calculate slack for activities on the critical path. 
E) none of the above

Question 19

Given the critical path below,calculate the following:
a.The crash cost per unit time savings for each activity.
b.The maximum total crash time savings and cost.
c.The maximum total time-savings with a $3000 budget.

Accepted Answer

(A)A saves 1 day for $4000/day,B saves 2

Question 20

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

Accepted Answer

A) A-D-E;5 
B) B-E;6 
C) B-D-E;7 
D) A-C-E;10 
E) B-C-E;12 
A) A-D-E;5 
B) B-E;6 
C) B-D-E;7 
D) A-C-E;10 
E) B-C-E;12

Exam 3: Managing Projects

Which of the following is NOT a limitation of PERT?

Which of the following statements regarding PERT analysis is true?

Draw the AOA and AON networks for the following project and calculate the minimum project duration.

The ________ is a project management technique using only one time factor per activity that enables managers to schedule,monitor,and control large and complex projects.

If an activity whose normal duration is 15 days can be shortened to 10 days for an added cost of $2,000,what is the crash cost per period?

The time an activity will take assuming very unfavorable conditions is:

One phase of a large project is scheduling.

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

The control of projects involves close monitoring of which of the following?

Shortening the project's duration by deleting unnecessary activities is called "project crashing."

In project management,crashing an activity must consider the impact on all paths in the network.

Ethical issues that can arise in projects include gifts from contractors,pressure to mask delays with false status reports,and pressure to compromise project quality to meet bonuses or avoid penalties related to schedules.

Identify,in order,the six steps basic to both PERT and CPM.

________ is the amount of time an individual activity in a network can be delayed without delaying the entire project.

Consider the network presented in the following table.Calculate a.All possible paths b.The critical path c.The slack available at any non-critical points d.The minimum project duration

The ________ distribution is appropriate for calculating expected activity times and activity variances in PERT networks.

Match the following steps in Microsoft's development of Windows 8 to their respective WBS level. Step Level Develop Windows 8 Operating System ? System Testing ? Compatible with Windows 7 ? Develop GUI's ? Module Testing ?

The beta distribution is used in project management to:

Given the critical path below,calculate the following: a.The crash cost per unit time savings for each activity. b.The maximum total crash time savings and cost. c.The maximum total time-savings with a $3000 budget.

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

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

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