Question 1

Fig.7.1  
-For the network shown in Fig.7.1,what is the project duration?

Accepted Answer

A) 6 
B) 15 
C) 13 
D) 14 
A) 6 
B) 15 
C) 13 
D) 14 B

Question 2

What characteristics should be considered when selecting project team members? Briefly describe these characteristics for members of a project team assigned to improve a teller's job in a bank.

Accepted Answer

Best answers should include the following in the context on the job improvement project: 1.Technical Competence: capable of completing activities assigned to them;2.Sensitivity: to interpersonal conflicts within the team;help mitigate these issues and any problems dealing with upper level management;3.Dedication: capable of solving problems outside immediate expertise by involving others as needed;display persistence and initiative for completing the project in a timely fashion.

Question 3

A project tracking system should collect information on three topics for the project manager.What are these topics,why are they important,and what actions can the manager take to address any concerns that surface?

Accepted Answer

The three topics are open issues,risks,and the schedule status.Open issues consist of any ideas,concerns,or questions that were raised during the project life cycle that have yet to be resolved.The tracking system should permit easy identification of these unresolved concerns for the manager and team members.Similarly,the tracking system should provide the status of each risk and its potential impact on project completion.These risks can be discussed at each project meeting.Finally,the project tracking system should provide periodic monitoring of slack time in the project schedule to help protect the critical path.As progress is made on all constituent activities,the tracking system should provide current information on the level of risks in the project.

Question 4

The probability that a project will be completed by its earliest expected completion date is:

Accepted Answer

A) 50 percent. 
B) 95 percent. 
C) 100 percent. 
D) impossible to determine. 
A) 50 percent. 
B) 95 percent. 
C) 100 percent. 
D) impossible to determine.

Question 5

A critical path is any sequence of activities between a project's start and finish.

Accepted Answer

A) True 
 B)False

Question 6

A project manager hires a few new coders to help speed up the new software project and deliver the package on time to an important client.The manager has engaged in:

Accepted Answer

A) resource leveling. 
B) resource allocation. 
C) resource acquisition. 
D) resource enhancement. 
A) resource leveling. 
B) resource allocation. 
C) resource acquisition. 
D) resource enhancement.

Question 7

The ________ is determined by starting with the normal time schedule and crashing activities along the critical path in such a way that the costs of crashing do not exceed the savings in indirect and penalty costs.

Accepted Answer

minimum-co

Question 8

Describe how time-cost tradeoffs for project activities should be identified and analyzed.

Accepted Answer

There are always time-cost tradeoffs in

Question 9

Table 7.13
All activity times for the project are in weeks.
  
-Using Table 7.13,what is the probability that the project will be completed in 65 or fewer weeks?

Accepted Answer

A) less than or equal to 20% 
B) greater than 20% but less than or equal to 24% 
C) greater than 24% but less than or equal to 28% 
D) greater than 28% 
A) less than or equal to 20% 
B) greater than 20% but less than or equal to 24% 
C) greater than 24% but less than or equal to 28% 
D) greater than 28%

Question 10

Table 7.5
  
-Using Table 7.5,what is the earliest completion time of this project?

Accepted Answer

A) 23 days 
B) 25 days 
C) 27 days 
D) 29 days 
A) 23 days 
B) 25 days 
C) 27 days 
D) 29 days

Question 11

Consider the activities,durations,and predecessor relationships in the following network.Draw the network and answer the questions that follow.
   a.What is the expected time for activity B?
b.What is the variance for activity B?
c.Based on the calculation of estimated times,what is the critical path?
d.What is the estimated time of the critical path?
e.What is the activity variance along the critical path?
f.What is the probability of completion of the project before week 42?

Accepted Answer

@#IMG-DLM& a. @#IMG-DLM& = @#IMG-DLM& = 9 weeks
b. @#IMG-DLM& = @#IMG-DLM& = @#IMG-DLM& = 9.00
c.A-C

Question 12

In addition to finishing the work,the project close out phase should include recording some lessons-learned to carry forward to future projects.

Accepted Answer

A) True 
 B)False

Question 13

Phoebe B.Beebee is constructing a canal for the annual canoe races and has identified eleven activities that are required to complete this important project.She calculated early and late start times and early and late finish times but spilled coffee all over her printout.Use the remaining information to reconstruct the table for Phoebe B.Beebee and her new canoe canal.

Accepted Answer

The comple

Question 14

Figure to accompany Table 7.1   Table 7.1
  
-Using the information shown in Table 7.1,what is the activity time for activity F?

Accepted Answer

A) 5 
B) 11 
C) 6 
D) 1 
A) 5 
B) 11 
C) 6 
D) 1

Question 15

The following table contains a list of activities,with early- and late-start and finish times and crash costs for the network shown in the figure.All start and finish times and crash costs are on a per-week basis.Each activity can be reduced by one week at the most.
a.Determine the uncrashed activity lengths for activities A though K.
b.Determine the minimum completion cost for this project if each week carries a fixed cost of $1,000.

Accepted Answer

Activity lengths for A-K can be found by

Question 16

Projects,and the application of project management,facilitate the implementation of operations strategy.

Accepted Answer

A) True 
 B)False

Question 17

Table 7.6
  
-Using Table 7.6,suppose activity D can be shortened from four days to one day.Assume all other activity times remain the same.How much shorter will the total project earliest completion time become?

Accepted Answer

A) zero days 
B) one day 
C) two days 
D) three days 
A) zero days 
B) one day 
C) two days 
D) three days

Question 18

Assume that activity G has the following times: Early start time = 7 days
Early finish time = 13 days
Late start time = 15 days
Late finish time = 21 days
Which of the following statements is TRUE about activity G?

Accepted Answer

A) Activity G takes 14 days to complete. 
B) Activity G has a slack time of 8 days. 
C) Activity G is on the critical path. 
D) Activity G takes 2 days to complete. 
A) Activity G takes 14 days to complete. 
B) Activity G has a slack time of 8 days. 
C) Activity G is on the critical path. 
D) Activity G takes 2 days to complete.

Question 19

Figure to accompany Table 7.1   Table 7.1
  
-Using the information shown in Table 7.1,what is the slack time for activity D?

Accepted Answer

A) 1 
B) 4 
C) 6 
D) 7 
A) 1 
B) 4 
C) 6 
D) 7

Question 20

Table 7.14
You are responsible for managing a project with the following activities (times are given in weeks).
  
-Using Table 7.14,what is the critical path and expected completion time for this project?

Accepted Answer

A) D-E;29.5 weeks 
B) A-B-C;25 weeks 
C) D-E;27.5 weeks 
D) A-B-C;26.5 weeks 
A) D-E;29.5 weeks 
B) A-B-C;25 weeks 
C) D-E;27.5 weeks 
D) A-B-C;26.5 weeks

Exam 7: Project Management

Fig.7.1 -For the network shown in Fig.7.1,what is the project duration?

What characteristics should be considered when selecting project team members? Briefly describe these characteristics for members of a project team assigned to improve a teller's job in a bank.

A project tracking system should collect information on three topics for the project manager.What are these topics,why are they important,and what actions can the manager take to address any concerns that surface?

The probability that a project will be completed by its earliest expected completion date is:

A critical path is any sequence of activities between a project's start and finish.

A project manager hires a few new coders to help speed up the new software project and deliver the package on time to an important client.The manager has engaged in:

The ________ is determined by starting with the normal time schedule and crashing activities along the critical path in such a way that the costs of crashing do not exceed the savings in indirect and penalty costs.

Describe how time-cost tradeoffs for project activities should be identified and analyzed.

Table 7.13 All activity times for the project are in weeks. -Using Table 7.13,what is the probability that the project will be completed in 65 or fewer weeks?

Table 7.5 -Using Table 7.5,what is the earliest completion time of this project?

In addition to finishing the work,the project close out phase should include recording some lessons-learned to carry forward to future projects.

Figure to accompany Table 7.1 Table 7.1 -Using the information shown in Table 7.1,what is the activity time for activity F?

Projects,and the application of project management,facilitate the implementation of operations strategy.

Table 7.6 -Using Table 7.6,suppose activity D can be shortened from four days to one day.Assume all other activity times remain the same.How much shorter will the total project earliest completion time become?

Assume that activity G has the following times: Early start time = 7 days Early finish time = 13 days Late start time = 15 days Late finish time = 21 days Which of the following statements is TRUE about activity G?

Figure to accompany Table 7.1 Table 7.1 -Using the information shown in Table 7.1,what is the slack time for activity D?

Table 7.14 You are responsible for managing a project with the following activities (times are given in weeks). -Using Table 7.14,what is the critical path and expected completion time for this project?

Using Operations to Create Value

Process Strategy and Analysis

Quality and Performance

Capacity Planning

Constraint Management

Lean Systems

Forecasting

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Operations Planning and Scheduling

Resource Planning

Supply Chain Design

Supply Chain Logistic Networks

Supply Chain Integration

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Decision Making

Waiting Lines

Special Inventory Models

Linear Programming

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Financial Analysis

Acceptance Sampling Plans

Measuring Output Rates

Learning Curve Analysis

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