Question 1

PERT

Accepted Answer

A) assumes that we do not know ahead of time what activities must be completed. 
B) assumes that activity time estimates follow the normal probability distribution. 
C) is a network technique that uses three time estimates for each activity in a project. 
D) is a deterministic network technique that allows for project crashing. 
A) assumes that we do not know ahead of time what activities must be completed. 
B) assumes that activity time estimates follow the normal probability distribution. 
C) is a network technique that uses three time estimates for each activity in a project. 
D) is a deterministic network technique that allows for project crashing.

Question 2

Table 11-1
The following represents a project with known activity times.All times are in weeks.
  
-Using the data in Table 11-1, compute the latest finish time for activity E.

Accepted Answer

A) 4 
B) 10 
C) 14 
D) 25 
A) 4 
B) 10 
C) 14 
D) 25

Question 3

Table 11-7
A project manager calculated early and late start and finish times for all activities in her eight-activity project but spilled her energy drink on the paper and the acid in the beverage wiped out some of the table entries.The remaining legible entries are correct.
  
-Consider the project summarized in Table 11-7.What is the slack for Activity C?

Accepted Answer

A) 0 
B) 1 
C) 5 
D) 7 
A) 0 
B) 1 
C) 5 
D) 7

Question 4

Table 11-7
A project manager calculated early and late start and finish times for all activities in her eight-activity project but spilled her energy drink on the paper and the acid in the beverage wiped out some of the table entries.The remaining legible entries are correct.
  
-Consider the project summarized in Table 11-7.What is the early finish time for Activity E?

Accepted Answer

A) 25 
B) 26 
C) 27 
D) 28 
A) 25 
B) 26 
C) 27 
D) 28

Question 5

With PERT, we are able to calculate the probability of finishing the project within a specified time.

Accepted Answer

A) True 
 B)False

Question 6

Table 11-9
A mad scientist has identified the twelve steps required to complete his "take over the world" rehabilitation.The estimated time in weeks and cost in US dollars appear in the table along with the shortest possible duration for each activity and cost of those expedited activities.
  
-Consider the project summarized in Table 11-9.What is the duration of the normal completion time and project cost at that time? What activities should be crashed to reduce completion time by ten weeks as inexpensively as possible? What is the new project duration and cost?

Accepted Answer

The normal completion time is 80 weeks a

Question 7

Table 11-7
A project manager calculated early and late start and finish times for all activities in her eight-activity project but spilled her energy drink on the paper and the acid in the beverage wiped out some of the table entries.The remaining legible entries are correct.
  
-Consider the project summarized in Table 11-7.What is the slack for Activity D?

Accepted Answer

A) 7 
B) 5 
C) 1 
D) 0 
A) 7 
B) 5 
C) 1 
D) 0

Question 8

Given an activity's optimistic, most likely, and pessimistic time estimates of 4, 6, and 14 days respectively, compute the PERT expected activity time for this activity.

Accepted Answer

A) 8 
B) 6 
C) 7 
D) 9 
A) 8 
B) 6 
C) 7 
D) 9

Question 9

The critical path of a network is the

Accepted Answer

A) path with the least variance. 
B) path with zero slack. 
C) path with the most activities. 
D) path with the largest variance. 
A) path with the least variance. 
B) path with zero slack. 
C) path with the most activities. 
D) path with the largest variance.

Question 10

Table 11-1
The following represents a project with known activity times.All times are in weeks.
  
-Using the data in Table 11-1, what is the latest possible time that C may be started without delaying completion of the project?

Accepted Answer

A) 0 
B) 4 
C) 8 
D) 10 
A) 0 
B) 4 
C) 8 
D) 10

Question 11

The first step in planning and scheduling a project is to develop the work breakdown structure.

Accepted Answer

A) True 
 B)False

Question 12

CPM was developed for use in managing projects about which we have good information about activity or task completion times.

Accepted Answer

A) True 
 B)False

Question 13

Consider the following project schedule:
   (a)Which activities are critical?
(b)Which activity has the most slack?

Accepted Answer

The answer of Consider the following project schedule:
  ...

Question 14

Table 11-3
  
-According to Table 11-3, there are five activities in a PERT project.Which activities are on the critical path?

Accepted Answer

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

Question 15

The project described by:   is best represented by which of the following networks?

Accepted Answer

A) 
  
B) 
  
C) 
  
D) 
  
A) 
  
B) 
  
C) 
  
D)

Question 16

Table 11-4
The following represents a project with known activity times.All times are in weeks.
  
-Using the data in Table 11-4, compute the slack time for activity D.

Accepted Answer

A) 0 
B) 5 
C) 3 
D) 6 
A) 0 
B) 5 
C) 3 
D) 6

Question 17

Table 11-1
The following represents a project with known activity times.All times are in weeks.
  
-Using the data in Table 11-1, what is the minimum possible time required for completing the project?

Accepted Answer

A) 8 
B) 14 
C) 25 
D) 10 
A) 8 
B) 14 
C) 25 
D) 10

Question 18

Given an activity's optimistic, most likely, and pessimistic time estimates of 4, 14, and 18 days respectively, compute the PERT expected activity time for this activity.

Accepted Answer

A) 14 
B) 12 
C) 11 
D) 13 
A) 14 
B) 12 
C) 11 
D) 13

Question 19

Given an activity's optimistic, most likely, and pessimistic time estimates of 3, 5, and 15 days, respectively, compute the PERT standard deviation for this activity.

Accepted Answer

A) 2 
B) 4 
C) 5 
D) 15 
A) 2 
B) 4 
C) 5 
D) 15

Question 20

The value of work completed for an activity is determined by which of the following?

Accepted Answer

A) budgeted cost - actual cost 
B) actual cost divided by budgeted cost 
C) percentage of work completed multiplied by actual activity cost 
D) percentage of work completed multiplied by budgeted activity cost 
A) budgeted cost - actual cost 
B) actual cost divided by budgeted cost 
C) percentage of work completed multiplied by actual activity cost 
D) percentage of work completed multiplied by budgeted activity cost

PERT

Table 11-1 The following represents a project with known activity times.All times are in weeks. -Using the data in Table 11-1, compute the latest finish time for activity E.

With PERT, we are able to calculate the probability of finishing the project within a specified time.

Given an activity's optimistic, most likely, and pessimistic time estimates of 4, 6, and 14 days respectively, compute the PERT expected activity time for this activity.

The critical path of a network is the

Table 11-1 The following represents a project with known activity times.All times are in weeks. -Using the data in Table 11-1, what is the latest possible time that C may be started without delaying completion of the project?

The first step in planning and scheduling a project is to develop the work breakdown structure.

CPM was developed for use in managing projects about which we have good information about activity or task completion times.

Consider the following project schedule: (a)Which activities are critical? (b)Which activity has the most slack?

Table 11-3 -According to Table 11-3, there are five activities in a PERT project.Which activities are on the critical path?

The project described by: is best represented by which of the following networks?

Table 11-4 The following represents a project with known activity times.All times are in weeks. -Using the data in Table 11-4, compute the slack time for activity D.

Table 11-1 The following represents a project with known activity times.All times are in weeks. -Using the data in Table 11-1, what is the minimum possible time required for completing the project?

Given an activity's optimistic, most likely, and pessimistic time estimates of 4, 14, and 18 days respectively, compute the PERT expected activity time for this activity.

Given an activity's optimistic, most likely, and pessimistic time estimates of 3, 5, and 15 days, respectively, compute the PERT standard deviation for this activity.

The value of work completed for an activity is determined by which of the following?

Introduction to Quantitative Analysis

Probability Concepts and Applications

Decision Analysis

Regression Models

Forecasting

Inventory Control Models

Linear Programming Models: Graphical and Computer Methods

Linear Programming Applications

Transportation, Assignment, and Network Models

Integer Programming, Goal Programming, and Nonlinear Programming

Waiting Lines and Queuing Theory Models

Simulation Modeling

Markov Analysis

Statistical Quality Control

Analytic Hierarchy Process

Dynamic Programming

Decision Theory and the Normal Distribution

Game Theory

Mathematical Tools: Determinants and Matrices

Calculus-Based Optimization

Linear Programming: The Simplex Method

Transportation, Assignment, and Network Algorithms

Filters

Exam 11: Project Management

PERT

Table 11-1 The following represents a project with known activity times.All times are in weeks. -Using the data in Table 11-1, compute the latest finish time for activity E.

With PERT, we are able to calculate the probability of finishing the project within a specified time.

Given an activity's optimistic, most likely, and pessimistic time estimates of 4, 6, and 14 days respectively, compute the PERT expected activity time for this activity.

The critical path of a network is the

Table 11-1 The following represents a project with known activity times.All times are in weeks. -Using the data in Table 11-1, what is the latest possible time that C may be started without delaying completion of the project?

The first step in planning and scheduling a project is to develop the work breakdown structure.

CPM was developed for use in managing projects about which we have good information about activity or task completion times.

Consider the following project schedule: (a)Which activities are critical? (b)Which activity has the most slack?

Table 11-3 -According to Table 11-3, there are five activities in a PERT project.Which activities are on the critical path?

The project described by: is best represented by which of the following networks?

Table 11-4 The following represents a project with known activity times.All times are in weeks. -Using the data in Table 11-4, compute the slack time for activity D.

Table 11-1 The following represents a project with known activity times.All times are in weeks. -Using the data in Table 11-1, what is the minimum possible time required for completing the project?

Given an activity's optimistic, most likely, and pessimistic time estimates of 4, 14, and 18 days respectively, compute the PERT expected activity time for this activity.

Given an activity's optimistic, most likely, and pessimistic time estimates of 3, 5, and 15 days, respectively, compute the PERT standard deviation for this activity.

The value of work completed for an activity is determined by which of the following?

Introduction to Quantitative Analysis

Probability Concepts and Applications

Decision Analysis

Regression Models

Forecasting

Inventory Control Models

Linear Programming Models: Graphical and Computer Methods

Linear Programming Applications

Transportation, Assignment, and Network Models

Integer Programming, Goal Programming, and Nonlinear Programming

Waiting Lines and Queuing Theory Models

Simulation Modeling

Markov Analysis

Statistical Quality Control

Analytic Hierarchy Process

Dynamic Programming

Decision Theory and the Normal Distribution

Game Theory

Mathematical Tools: Determinants and Matrices

Calculus-Based Optimization

Linear Programming: The Simplex Method

Transportation, Assignment, and Network Algorithms

Filters