Question 1

A project starts out as which of the following?

Accepted Answer

A)  A Statement of Work 
B)  Critical Path Method (CPM) 
C)  A series of milestones 
D)  A Gantt chart 
E)  A latest-start-time estimate 
A)  A Statement of Work 
B)  Critical Path Method (CPM) 
C)  A series of milestones 
D)  A Gantt chart 
E)  A latest-start-time estimate

Question 2

Calculating the early start and early finish times for each activity in a CPM analysis does not provide any useful information.

Accepted Answer

A) True 
 B)False

Question 3

In CPM the late start time estimate is the latest time you can start an activity and still keep the entire project on schedule.

Accepted Answer

A) True 
 B)False

Question 4

You have been placed in charge of a large project. Shortened communication lines are required to ensure quick resolution of problems as they arise. You recognize that the project is going to take a lot of time and require a lot of team pride, motivation, and commitment by all members. Which project management structure should you use in this situation?

Accepted Answer

A)  Pure Project 
B)  Task force 
C)  Matrix Project 
D)  Functional Project 
E)  PERT 
A)  Pure Project 
B)  Task force 
C)  Matrix Project 
D)  Functional Project 
E)  PERT

Question 5

The critical path in a project is that sequence of activities that consume the longest amount of time in a project network of activities.

Accepted Answer

A) True 
 B)False

Question 6

Derivative projects are those which address incremental changes to products or processes.

Accepted Answer

A) True 
 B)False

Question 7

Upper level management must decide between pure, functional, and matrix structures as ways to organize projects.

Accepted Answer

A) True 
 B)False

Question 8

Below are the data for a Time-Cost CPM Scheduling model analysis. The time is in days and the costs include both direct and indirect costs. What are the total time of this project and total normal cost?

Accepted Answer

A)  Total time is 13 days, total cost is $1200 
B)  Total time is 12 days, total cost is $1700 
C)  Total time is 11 days, total cost is $1600 
D)  Total time is 10 days, total cost is $1750 
E)  Total time is 9 days, total cost is $1700 
A)  Total time is 13 days, total cost is $1200 
B)  Total time is 12 days, total cost is $1700 
C)  Total time is 11 days, total cost is $1600 
D)  Total time is 10 days, total cost is $1750 
E)  Total time is 9 days, total cost is $1700

Question 9

A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented below:   Using CPM, which activities have slack in this project?

Accepted Answer

A)  A, B, C 
B)  B, D 
C)  Only C 
D)  C, E 
E)  F, G 
A)  A, B, C 
B)  B, D 
C)  Only C 
D)  C, E 
E)  F, G

Question 10

Earned Value Management (EVM) has the capability to combine measurements of scope, schedule, and cost in a project.

Accepted Answer

A) True 
 B)False

Question 11

For an activity in a CPM analysis, the early start time is 8 and the late start time is 10. Which of the following statements is true?

Accepted Answer

A)  The Late Finish is 12 
B)  The Early Finish is 10 
C)  The slack for this activity is 2 
D)  The duration of this activity is 2 
E)  The activity is on the critical path 
A)  The Late Finish is 12 
B)  The Early Finish is 10 
C)  The slack for this activity is 2 
D)  The duration of this activity is 2 
E)  The activity is on the critical path

Question 12

Project management can be defined as planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project.

Accepted Answer

A) True 
 B)False

Question 13

Project management software available today combines CPM and other scheduling aids, like Gantt charting, to aid in tracking progress of project completion.

Accepted Answer

A) True 
 B)False

Question 14

A series of projects that are organized in such a way that each project utilizes people from different functional areas is using which of the following organizational structures?

Accepted Answer

A)  Matrix project 
B)  Integrated Task Force 
C)  Functional project 
D)  Pure project 
E)  Cross-functional flexible team 
A)  Matrix project 
B)  Integrated Task Force 
C)  Functional project 
D)  Pure project 
E)  Cross-functional flexible team

Question 15

The project indirect costs associated with a project include overhead, facilities, and resource opportunity costs.

Accepted Answer

A) True 
 B)False

A project starts out as which of the following?

Calculating the early start and early finish times for each activity in a CPM analysis does not provide any useful information.

In CPM the late start time estimate is the latest time you can start an activity and still keep the entire project on schedule.

The critical path in a project is that sequence of activities that consume the longest amount of time in a project network of activities.

Derivative projects are those which address incremental changes to products or processes.

Upper level management must decide between pure, functional, and matrix structures as ways to organize projects.

Below are the data for a Time-Cost CPM Scheduling model analysis. The time is in days and the costs include both direct and indirect costs. What are the total time of this project and total normal cost?

A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented below: Using CPM, which activities have slack in this project?

Earned Value Management (EVM) has the capability to combine measurements of scope, schedule, and cost in a project.

For an activity in a CPM analysis, the early start time is 8 and the late start time is 10. Which of the following statements is true?

Project management can be defined as planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project.

Project management software available today combines CPM and other scheduling aids, like Gantt charting, to aid in tracking progress of project completion.

A series of projects that are organized in such a way that each project utilizes people from different functional areas is using which of the following organizational structures?

The project indirect costs associated with a project include overhead, facilities, and resource opportunity costs.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Manufacturing Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics, and Distribution

Filters

Exam 5: Projects

A project starts out as which of the following?

Calculating the early start and early finish times for each activity in a CPM analysis does not provide any useful information.

In CPM the late start time estimate is the latest time you can start an activity and still keep the entire project on schedule.

The critical path in a project is that sequence of activities that consume the longest amount of time in a project network of activities.

Derivative projects are those which address incremental changes to products or processes.

Upper level management must decide between pure, functional, and matrix structures as ways to organize projects.

Below are the data for a Time-Cost CPM Scheduling model analysis. The time is in days and the costs include both direct and indirect costs. What are the total time of this project and total normal cost?

A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented below: Using CPM, which activities have slack in this project?

Earned Value Management (EVM) has the capability to combine measurements of scope, schedule, and cost in a project.

For an activity in a CPM analysis, the early start time is 8 and the late start time is 10. Which of the following statements is true?

Project management can be defined as planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project.

Project management software available today combines CPM and other scheduling aids, like Gantt charting, to aid in tracking progress of project completion.

A series of projects that are organized in such a way that each project utilizes people from different functional areas is using which of the following organizational structures?

The project indirect costs associated with a project include overhead, facilities, and resource opportunity costs.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Manufacturing Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics, and Distribution

Filters