Deck 9: Project Management

Question 1

Slack represents the amount of time an activity can be delayed without delaying the project completion time.

Answer 1

True

Question 2

A Gantt chart provides a visual display of the project schedule that includes scheduled start times,finish times and available slack.

Answer 2

True

Question 3

A project team is typically cross-functional consisting of members throughout an organization.

Answer 3

True

Question 4

A unique,one-time operational activity or effort is referred to as a process.

Question 5

A project's duration can be reduced by crashing activities on the critical path.

Question 6

A work breakdown structure provides a common understanding of and justification for a project.

Question 7

Management and control of a companywide portfolio of projects is known as enterprise project management.

Question 8

In general,projects are subject to less uncertainty than other types of processes.

Question 9

In general,crashing costs decrease as a project's duration is shortened.

Question 10

The critical path is the shortest path through the project's network.

Question 11

Managing quality is not an important part of project management.

Question 12

The three major components of project management include planning,scheduling,and costing.

Question 13

Activities that are not on a project's critical path have zero slack.

Question 14

Issues of cultural diversity in project management should only be addressed if and when they arise.

Question 15

PERT stands for program enterprise and resource technique.

Question 16

Crashing activates with positive slack reduces a project's duration.

Question 17

Earned value analysis reports a project's performance by tracking its forecasted completion date and anticipated budget variations.

Question 18

A dummy variable is an activity inserted into the network diagram to show a precedence relationship,but does not represent any passage of time.

Question 19

With an activity-on-node (AON)network diagram,the nodes indicate the precedence relationships and the arrows represent the project's activities.

Question 20

The principles of total quality management (TQM)cannot be applied to project management.

Question 21

Asian cultures tend to embrace project management's methodical approach more than western cultures.

Question 22

Project control involves monitoring a project and measuring its progress toward a successful completion.

Question 23

The _______________ is a document that provides a common understanding,justification,and expected result for a project.

A)statement of work
B)work breakdown structure
C)scope statement.
D)responsibility assignment matrix

Question 24

A(n)_______________ is a project team structure that includes members from different functional areas.

A)matrix organization
B)project network
C)organizational breakdown structure
D)work breakdown structure

Question 25

Indirect costs always increase as a project's duration decreases.

Question 26

Project scope involves a set of procedures for anticipating and assessing uncertainties that might increase the risk of delaying the project.

Question 27

Because the critical path is the shortest path through a network it defines the minimum project completion time.

Question 28

Microsoft Project is a software package that supports PERT but not CPM.

Question 29

Enterprise project management refers to the management and control of a large,complex project.

Question 30

Global projects rarely are concerned with cultural differences among team members because English is the universal business language.

Question 31

A ______________ breaks down a project into components,subcomponents,activities,and tasks.

A)work breakdown structure (WBS)
B)scope statement
C)responsibility assignment matrix (RAM)
D)organizational breakdown structure (OBS)

Question 32

Two key elements of project control are time management and cost management.

Question 33

Which of the following is not used to calculate probabilistic time estimates?

A)optimistic
B)most likely
C)least likely
D)pessimistic

Question 34

Unlike PERT,CPM incorporates probabilistic time estimates into the project management process.

Question 35

The project management process encompasses

A)planning.
B)scheduling.
C)control.
D)All of the above.

Question 36

Project scheduling is recognized as the most critical element in the project management process.

Question 37

The earliest start time for an activity is at time zero.

Question 38

The upper level of a work breakdown structure for a project highlights summary activities and/or major components.

Question 39

Which of the following is not a general characteristic of a project?

A)a project has a unique purpose
B)a project has more certainty
C)a project has more uncertainty
D)a project often draws resources from various areas in the organization

Question 40

Project planning involves a set of procedures for monitoring and evaluating progress and performance.

Question 41

A project consists of the following activities:

Table 9.1
Using Table 9.1,the earliest start time for activity F is

A)30 weeks.
B)20 weeks.
C)14 weeks.
D)13 weeks.

Question 42

The estimated mean time for an activity with a most likely time (m)equal to 11 days,the optimistic time (a)equal to 6 days,and the pessimistic time (b)equal to 18 days is

A)9.67 days.
B)11 days.
C)11.33 days.
D)11.67 days.

Question 43

The _______________ probability distribution is typically used to describe uncertain activity times in a project.

A)beta
B)normal
C)binomial
D)exponential

Question 44

One disadvantage of Gantt charts,especially for large projects,is that it does not

A)clearly show precedence relationships.
B)indicate activity start times.
C)indicate activity finish times.
D)use bars to represent activities.

Question 45

In project management the term slack refers to the amount of time

A)to complete an activity without delaying the project.
B)an activity can be delayed without delaying the project.
C)needed to complete the entire project.
D)required to complete the project's critical activities.

Question 46

A bar graph displaying when activities are scheduled to start,when they will be finished,and where extra time is available is known as a

A)PERT chart.
B)work breakdown structure (WBS).
C)Gantt chart.
D)responsibility assignment matrix (RAM).

Question 47

For activities on a project's critical path

A)earliest start time (ES)equals latest start time (LS).
B)earliest start time (ES)is greater than latest start time (LS).
C)earliest start time (ES)is less than latest start time (LS).
D)earliest start time (ES)equals latest finish time (LF).

Question 48

A project consists of the following activities:

Table 9.1
Using Table 9.1,the latest start (LS)time for activity B is

A)5 weeks.
B)8 weeks.
C)13 weeks.
D)14 weeks.

Question 49

A project consists of the following activities:

Table 9.1
Using Table 9.1,the time complete the entire project is

A)20 weeks.
B)30 weeks.
C)36 weeks.
D)39 weeks.

Question 50

The estimated mean time for an activity with a most likely time (m)equal to 12 weeks,an optimistic time (a)equal to 9 weeks,and a pessimistic time (b)equal to 18 weeks is

A)13.0 weeks.
B)12.75 weeks.
C)12.5 weeks.
D)9.0 weeks.

Question 51

The longest path through a project network is referred to as the

A)activity-on-node path.
B)path of greatest slack.
C)critical path.
D)noncritical path.

Question 52

The estimated variance for an activity with a most likely time (m)equal to 11 days,the optimistic time (a)equal to 6 days ,and the pessimistic time (b)equal to 18 days is

A)2 days.
B)4 days.
C)6 days.
D)11 days.

Question 53

The estimated variance for an activity with a most likely time (m)equal to 12 weeks,an optimistic time (a)equal to 9 weeks,and a pessimistic time (b)equal to 18 weeks is

A)3.75 weeks.
B)1.50 weeks.
C)5.25 weeks.
D)2.25 weeks.

Question 54

A standard procedure for numerically measuring a project's progress is referred to as a(n)

A)program evaluation and review technique (PERT).
B)critical path method (CPM).
C)Gantt chart.
D)earned value analysis.

Question 55

A project consists of the following activities:

Table 9.1
Using Table 9.1,the critical path for this project consists of activities

A)A-B-C-D-E-F.
B)A-C-E-F.
C)A-B-C-F.
D)A-B-D-F.

Question 56

The slack time for an activity can be computed as

A)latest start time (LS)- latest finish time (LF).
B)earliest start time (ES)+ earliest finish time (EF).
C)latest start time (LS)- earliest start time (ES).
D)latest finish time (LF)+ earliest finish time (EF).

Question 57

In general,the earliest finish time for an activity is equal to

A)earliest start time + activity time estimate.
B)earliest start time - activity time estimate.
C)earliest start time - slack time.
D)earliest start time + slack time.

Question 58

A project consists of the following activities:

Table 9.1
Using Table 9.1,the earliest finish (EF)time for activity D is

A)7 weeks.
B)13 weeks.
C)20 weeks.
D)30 weeks.

Question 59

In general,the latest finish time for an activity is equal to

A)latest finish time minus the activity time estimate.
B)the minimum of the latest start times for the activities that immediately follow.
C)the maximum of the latest start times for the activities that immediately follow.
D)the average of the latest start times for the activities that immediately follow.

Question 60

For an activity-on-node (AON)network

A)arrows represent activities and nodes represent events.
B)nodes represent activities and arrows indicate precedence relationships.
C)arrows represent events and nodes indicate precedence relationships.
D)nodes indicate precedence relationships and arrows indicates the length of the activity time.

Question 61

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project.

Table 9.2
Using Table 9.2,the expected time to complete the project is

A)34.17 weeks.
B)33.23 weeks.
C)31.00 weeks.
D)21.67 weeks.

Question 62

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project.

Table 9.2
Using Table 9.2,the probability that the project could be completed in 34 weeks or less is approximately

A)0.86.
B)0.89.
C)0.91.
D)0.96.

Question 63

A project consists of the following four activities with activity times in days:

Table 9.3
Using Table 9.3,the earliest start (ES)time for activity B is

A)5 days.
B)6 days.
C)11 days.
D)14 days.

Question 64

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project.

Table 9.2
Using Table 9.2,how much slack is associated with activity C?

A)0 weeks.
B)4.50 weeks.
C)12.67 weeks.
D)31.00 weeks.

Question 65

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project.

Table 9.2
Using Table 9.2,the critical path for the project consists of activities

A)A-B-C-D-E.
B)A-B-C-E.
C)A-B-D-E.
D)A-B-C-D.

Question 66

A project consists of the following four activities with activity times in days:

Table 9.3
Using Table 9.3,the time to complete the entire project would be

A)23 days.
B)19 days.
C)17 days.
D)11 days.

Question 67

A project consists of the following four activities with activity times in days:

Table 9.3
Using Table 9.3,the critical path for this project is

A)A-B-C.
B)A-C-D.
C)A-B-D.
D)A-B-C-D.

Question 68

A project consists of the following four activities with activity times in days:

Table 9.3
Using Table 9.3,the latest start (LS)time for activity D is

A)8 days.
B)11 days.
C)19 days.
D)12 days.

Question 69

Which of the following is the universal business language most often utilized managing global projects?

A)French
B)Spanish
C)English
D)Chinese

Question 70

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project.

Table 9.2
Using Table 9.2,the earliest start (ES)time for activity D is

A)8.17 weeks.
B)12.67 weeks.
C)18.33 weeks.
D)21.67 weeks.

Question 71

A project consists of the following four activities with activity times in days:

Table 9.3
Using Table 9.3,the earliest finish (EF)time for activity C is

A)4 days.
B)6 days.
C)10 days.
D)11 days.

Question 72

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project.

Table 9.2
Using Table 9.2,the expected time to complete activity A is

A)5.00 weeks.
B)7.33 weeks.
C)7.67 weeks.
D)8.00 weeks.

Question 73

A project consists of the following activities:

Table 9.1
Using Table 9.1,the amount of slack associated with activity C is

A)0 weeks.
B)3 weeks.
C)6 weeks.
D)cannot be calculated

Question 74

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project.

Table 9.2
Using Table 9.2,the variance for activity E is

A)1.291.
B)1.667.
C)2.582.
D)2.778.

Question 75

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project.

Table 9.2
Using Table 9.2,the probability that the project will take longer than 33 weeks to complete is approximately

A)0.19.
B)0.32.
C)0.68.
D)0.81.

Question 76

Which of the following statements is generally true regarding the relationship between project crashing costs and indirect costs?

A)both crashing costs and indirect costs are highest when the project is shortened
B)only indirect costs increase when the project is shortened
C)both are unaffected by the length of the project
D)crashing costs increase when the project is shortened while indirect costs decrease when the project is shortened

Question 77

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project.

Table 9.2
Using Table 9.2,the variance of the project's total completion time is

A)5.472 .
B)5.222 .
C)4.872 .
D)3.752 .

Question 78

CPM/PERT The key elements of project control includes all the following except

A)time management.
B)cost management.
C)material management.
D)communication.

Question 79

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project.

Table 9.2
Using Table 9.2,the earliest finish time for activity C is

A)5.00 weeks.
B)8.17 weeks.
C)9.50 weeks.
D)12.67 weeks.

Question 80

A project consists of the following four activities with activity times in days:

Table 9.3
Using Table 9.3,the amount of slack associated with activity C is

A)4 days.
B)3 days.
C)2 days.
D)1 day.