Question 1

Every event node in the PERT network is identified with a four-part scorecard. Which of the following is the correct four-part scorecard?

Accepted Answer

A) EF ES LS LF 
B) ES EF LS LF 
C) ES EF LF LS 
D) ES LF LS EF

Question 2

Normal time is associated with the minimum necessary spending on project activities because there is no stress on completing the project as soon as possible.

Accepted Answer

A) True 
 B)False

Question 3

The following table refers to a project to build a new gym and exercise facility.  
How long will it take to complete the project?

Accepted Answer

The answer of The following table refers to a project...

Question 4

The Gantt project-planning chart for a manufacturing system starts with assembling,moves to planning,and ends with certification.

Accepted Answer

A) True 
 B)False

Question 5

The largest value of EF and LF at the last node in the network is the

Accepted Answer

A) backward pass point of the project. 
B) project completion time. 
C) time-length of the critical path. 
D) all of the above

Question 6

Explicit information requires synchronous transmission meaning that the teacher and the student must be in direct communication.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is the first step required to utilize PERT-type network models?

Accepted Answer

A) Draw a precedence diagram. 
B) Estimate the time to perform each activity. 
C) Detail all of the activities. 
D) Meet with suppliers.

Question 8

Explicit knowledge is the description of what must be done to make things work.

Accepted Answer

A) True 
 B)False

Question 9

The ultimate test of explicit information is whether it can be studied successfully using distance learning methods.

Accepted Answer

A) True 
 B)False

Question 10

Gantt project-planning methods,based on graphical analysis,can lead to optimal resource utilization or provide sufficient project-tracking capability for the complex projects that now are undertaken by large organizations.

Accepted Answer

A) True 
 B)False

Question 11

A good estimator increases the organization's revenues by not overestimating costs which

Accepted Answer

A) produces bids that are too high. 
B) result in lower probabilities of winning the bid. 
C) both a and b 
D) neither a nor b

Question 12

Simulations can be run using the means and variance information to determine the percent of time that each path becomes _____. Much attention should be paid to the paths that become _____ most often.

Accepted Answer

A) critical;critical 
B) neutral;critical 
C) critical;variable 
D) completed;critical

Question 13

New products accomplish which of the following?

Accepted Answer

A) help increase the cash flow that sustains a company 
B) replace old products that are becoming unprofitable 
C) provide opportunities to extend the life of successful product lines 
D) support marketing efforts 
E) all of the above and more

Question 14

Change management projects called (a) require planning,designing,building,testing,redesigning,and implementing the system.

Accepted Answer

A) True 
 B)False

Question 15

Which of the choices below is a challenge created by multiple projects?

Accepted Answer

A) Avoid compartmentalizing the assignments so that time lines are not sacrificed on one project at the expense of another project. 
B) Avoid using resource leveling such that skills are borrowed and loaned between different projects as needed. 
C) Provide adequate management for all projects. 
D) both a and c

Question 16

The kinds of problems encountered in projects are different from those encountered in the job shop and flow shop.

Accepted Answer

A) True 
 B)False

Question 17

Crashing is generally used to decrease the length of the critical path.

Accepted Answer

A) True 
 B)False

Question 18

Products have life cycle stages which means that the project environment is dynamic and challenging.

Accepted Answer

A) True 
 B)False

Question 19

Projects can include some repetitive activities.

Accepted Answer

A) True 
 B)False

Question 20

The following activities and immediate predecessors define a new classroom building construction project on a growing college campus:
  
Identify the critical path.How long will it take to complete the project?

Accepted Answer

The answer of The following activities and immediate predecessors define...

Exam 18: Project Management for New Products and Processes

Every event node in the PERT network is identified with a four-part scorecard. Which of the following is the correct four-part scorecard?

Normal time is associated with the minimum necessary spending on project activities because there is no stress on completing the project as soon as possible.

The following table refers to a project to build a new gym and exercise facility. How long will it take to complete the project?

The Gantt project-planning chart for a manufacturing system starts with assembling,moves to planning,and ends with certification.

The largest value of EF and LF at the last node in the network is the

Explicit information requires synchronous transmission meaning that the teacher and the student must be in direct communication.

Which of the following is the first step required to utilize PERT-type network models?

Explicit knowledge is the description of what must be done to make things work.

The ultimate test of explicit information is whether it can be studied successfully using distance learning methods.

Gantt project-planning methods,based on graphical analysis,can lead to optimal resource utilization or provide sufficient project-tracking capability for the complex projects that now are undertaken by large organizations.

A good estimator increases the organization's revenues by not overestimating costs which

Simulations can be run using the means and variance information to determine the percent of time that each path becomes _. Much attention should be paid to the paths that become _ most often.

New products accomplish which of the following?

Change management projects called (a) require planning,designing,building,testing,redesigning,and implementing the system.

Which of the choices below is a challenge created by multiple projects?

The kinds of problems encountered in projects are different from those encountered in the job shop and flow shop.

Crashing is generally used to decrease the length of the critical path.

Products have life cycle stages which means that the project environment is dynamic and challenging.

Projects can include some repetitive activities.

The following activities and immediate predecessors define a new classroom building construction project on a growing college campus: Identify the critical path.How long will it take to complete the project?