Question 1

With a pure project, team members report to multiple managers.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is not a disadvantage of a matrix project?

Accepted Answer

A)  There are two bosses. 
B)  It is doomed to failure unless the PM has strong negotiating skills. 
C)  Suboptimization is a danger. 
D)  Motivation of team members is often weak. 
A)  There are two bosses. 
B)  It is doomed to failure unless the PM has strong negotiating skills. 
C)  Suboptimization is a danger. 
D)  Motivation of team members is often weak.

Question 3

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 4

When reducing the planned duration of a project using the time-cost CPM model, we select the activity to crash by determining the cost of each alternative and selecting the one whose cost is the greatest.

Accepted Answer

A) True 
 B)False

Question 5

A project has four activities: A, B, C, and D. The amount spent on each activity to date is $22K, $14K, $12K, and $28K respectively. The planned percentages complete for the current date are 90%, 80%, 70%, and 20% respectively. The actual percentages complete for the current date are 100%, 90%, 75%, and 10% respectively. The actual cost of the work performed to date is $40K. What is the BCWP for the project?

Accepted Answer

A)  $0 − $15K 
B)  $15.01K − $30K 
C)  $40.01K − $45K 
D)  $45.01K − $60K 
E)  Over $60K 
A)  $0 − $15K 
B)  $15.01K − $30K 
C)  $40.01K − $45K 
D)  $45.01K − $60K 
E)  Over $60K

Question 6

An event unit package is a subdivision of a project.

Accepted Answer

A) True 
 B)False

Question 7

A project has four activities: A, B, C, and D. The amount spent on each activity to date is $22K, $14K, $12K, and $28K respectively. The planned percentages complete for the current date are 90%, 80%, 70%, and 20% respectively. The actual percentages complete for the current date are 100%, 90%, 75%, and 10% respectively. The actual cost of the work performed to date is $40K. What is the BCWS for Activity B?

Accepted Answer

A)  $0 − $5K 
B)  $5.01K − $10K 
C)  $10.01K − $15K 
D)  $15.01K − $20K 
E)  Over $20K 
A)  $0 − $5K 
B)  $5.01K − $10K 
C)  $10.01K − $15K 
D)  $15.01K − $20K 
E)  Over $20K

Question 8

A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented here:    Using CPM, which activities make up the critical path?

Accepted Answer

A)  A, B, D, F, G 
B)  A, C, E, F, G 
C)  A, C, B, F, E 
D)  A, D, E 
E)  None of these choices are correct 
A)  A, B, D, F, G 
B)  A, C, E, F, G 
C)  A, C, B, F, E 
D)  A, D, E 
E)  None of these choices are correct

Question 9

The Gantt chart is an example of a project control chart.

Accepted Answer

A) True 
 B)False

Question 10

You have just used the network planning model and found the critical path length is 60 days and there are two critical paths. The standard deviation of the first critical path is 10 days and the s.d. of the second critical path is 15 days. The probability that the project will be completed in 70 days or less is equal to (2 decimal accuracy).

Accepted Answer

A)  0.84 
B)  0.25 
C)  0.16 
D)  0.75 
E)  0.66 
A)  0.84 
B)  0.25 
C)  0.16 
D)  0.75 
E)  0.66

Question 11

A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented here:     Using CPM, what is the latest finish time for the last activity in this project (i.e., the total time to complete the project)?

Accepted Answer

A)  9 days 
B)  10 days 
C)  11 days 
D)  12 days 
E)  13 days 
A)  9 days 
B)  10 days 
C)  11 days 
D)  12 days 
E)  13 days

Question 12

You have the following time and cost information for use in a time-cost CPM scheduling model.   What are the three costs per unit of time to expedite each activity?

Accepted Answer

A)  A = $300, B = $200, C = $300 
B)  A = $100, B = $200, C = $400 
C)  A = $200, B = $200, C = $200 
D)  A = $100, B = $400, C = $300 
E)  A = $200, B = $300, C = $400 
A)  A = $300, B = $200, C = $300 
B)  A = $100, B = $200, C = $400 
C)  A = $200, B = $200, C = $200 
D)  A = $100, B = $400, C = $300 
E)  A = $200, B = $300, C = $400

Question 13

CPM is an abbreviation for critical path method.

Accepted Answer

A) True 
 B)False

Question 14

You have collected the data for a time-cost CPM scheduling model analysis. The time is in days and the project "direct costs" are given here.     The indirect costs for the project are determined on a daily duration basis. If the project lasts 16 days, the total indirect costs are $400; 15 days, they will be $250; 14 days, they will be $200; and 13 days, they will be $100.
At what day do we achieve the lowest total project cost (i.e., direct plus indirect costs)?

Accepted Answer

A)  16 days 
B)  15 days 
C)  14 days 
D)  13 days 
E)  12 days 
A)  16 days 
B)  15 days 
C)  14 days 
D)  13 days 
E)  12 days

Question 15

You know when you have arrived at the optimal solution in using the time-cost CPM scheduling model analysis when what happens?

Accepted Answer

A)  You have found the critical path. 
B)  You have run out of crash time. 
C)  You no longer have a linear relationship with costs. 
D)  You have reached the minimum total cost. 
E)  You have run out of crash costs. 
A)  You have found the critical path. 
B)  You have run out of crash time. 
C)  You no longer have a linear relationship with costs. 
D)  You have reached the minimum total cost. 
E)  You have run out of crash costs.

Question 16

A matrix project attempts to blend properties of functional and pure project structures.

Accepted Answer

A) True 
 B)False

Question 17

Some of the advantages of a functional project where the project is housed in a functional division include which of the following?

Accepted Answer

A)  The project manager has full authority over the project. 
B)  Team pride, motivation, and commitment are high. 
C)  A team member can work on several projects. 
D)  Needs of the client are secondary. 
E)  None of these choices are correct 
A)  The project manager has full authority over the project. 
B)  Team pride, motivation, and commitment are high. 
C)  A team member can work on several projects. 
D)  Needs of the client are secondary. 
E)  None of these choices are correct

Question 18

An activity has an optimistic time of 16, a most likely time of 25, and a pessimistic time of 40. What is the variance for the activity?

Accepted Answer

A)  15 − 20 
B)  20.01 − 25 
C)  25.01 − 30 
D)  30.01 − 35 
E)  Over 35 
A)  15 − 20 
B)  20.01 − 25 
C)  25.01 − 30 
D)  30.01 − 35 
E)  Over 35

Question 19

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 20

PERT is an abbreviation for which of the following methodologies?

Accepted Answer

A)  Product evaluation, result, and treatment 
B)  Programming and evaluation realization technology 
C)  Program evaluation and review technique 
D)  Process evaluation and review technology 
E)  It is a name, not an abbreviation for anything. 
A)  Product evaluation, result, and treatment 
B)  Programming and evaluation realization technology 
C)  Program evaluation and review technique 
D)  Process evaluation and review technology 
E)  It is a name, not an abbreviation for anything.

With a pure project, team members report to multiple managers.

Which of the following is not a disadvantage of a matrix project?

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?

When reducing the planned duration of a project using the time-cost CPM model, we select the activity to crash by determining the cost of each alternative and selecting the one whose cost is the greatest.

An event unit package is a subdivision of a project.

A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented here: Using CPM, which activities make up the critical path?

The Gantt chart is an example of a project control chart.

A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented here: Using CPM, what is the latest finish time for the last activity in this project (i.e., the total time to complete the project)?

You have the following time and cost information for use in a time-cost CPM scheduling model. What are the three costs per unit of time to expedite each activity?

CPM is an abbreviation for critical path method.

You know when you have arrived at the optimal solution in using the time-cost CPM scheduling model analysis when what happens?

A matrix project attempts to blend properties of functional and pure project structures.

Some of the advantages of a functional project where the project is housed in a functional division include which of the following?

An activity has an optimistic time of 16, a most likely time of 25, and a pessimistic time of 40. What is the variance for the activity?

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

PERT is an abbreviation for which of the following methodologies?

Introduction

Strategy

Design of Products and Services

Strategic Capacity Management

Learning Curves

Manufacturing Processes

Facility Layout

Service Processes

Waiting Line Analysis and Simulation

Process Design and Analysis

Six Sigma Quality

Statistical Quality Control

Lean Supply Chains

Logistics, Distribution, and Transportation

Global Sourcing and Procurement

The Internet of Things and Erp

Forecasting

Sales and Operations Planning

Inventory Management

Material Requirements Planning

Workcenter Scheduling

Filters

Exam 4: Projects

With a pure project, team members report to multiple managers.

Which of the following is not a disadvantage of a matrix project?

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?

When reducing the planned duration of a project using the time-cost CPM model, we select the activity to crash by determining the cost of each alternative and selecting the one whose cost is the greatest.

An event unit package is a subdivision of a project.

A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented here: Using CPM, which activities make up the critical path?

The Gantt chart is an example of a project control chart.

A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented here: Using CPM, what is the latest finish time for the last activity in this project (i.e., the total time to complete the project)?

You have the following time and cost information for use in a time-cost CPM scheduling model. What are the three costs per unit of time to expedite each activity?

CPM is an abbreviation for critical path method.

You know when you have arrived at the optimal solution in using the time-cost CPM scheduling model analysis when what happens?

A matrix project attempts to blend properties of functional and pure project structures.

Some of the advantages of a functional project where the project is housed in a functional division include which of the following?

An activity has an optimistic time of 16, a most likely time of 25, and a pessimistic time of 40. What is the variance for the activity?

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

PERT is an abbreviation for which of the following methodologies?

Introduction

Strategy

Design of Products and Services

Strategic Capacity Management

Learning Curves

Manufacturing Processes

Facility Layout

Service Processes

Waiting Line Analysis and Simulation

Process Design and Analysis

Six Sigma Quality

Statistical Quality Control

Lean Supply Chains

Logistics, Distribution, and Transportation

Global Sourcing and Procurement

The Internet of Things and Erp

Forecasting

Sales and Operations Planning

Inventory Management

Material Requirements Planning

Workcenter Scheduling

Filters