Exam 4: Projects

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 C?

The second step in managing a project is writing the statement of work.

In a Gantt chart, the horizontal axis is usually which of the following?

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

If a single estimate of the time required to complete an activity is not reliable, the best procedure is to use a mean and standard deviation (or variance) for each activity.

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

One of the disadvantages of a pure project organizational structure is that the project manager has full authority over the project.

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 Activity A?

The fact that organizations are flattening is one of the reasons that project management is important.

A group of activities combined to be assignable to a single organizational unit is:

A tracking Gantt chart superimposes the current schedule onto a baseline plan so deviations are easily noticed.

You have just used the network planning model for a county road resurfacing project and found the critical path length is 40 days and the standard deviation of the critical path is 10 days. Suppose you want to pick a time (in days) within which you will complete the project with 90% confidence level. What should be that time (in days and round to the nearest whole number)?

A simple project listing of five activities and their respective time estimates are presented here: Using CPM, which activities make up the critical path?

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

The hierarchy of project tasks, subtasks, and work packages is:

This is a further subdivision of a project. It is usually not longer than several months in duration and is performed by one group or organization.

One of the assumptions made using CPM is that project activity sequence relationships can be specified and networked.

A simple project listing of five 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)?

A work breakdown structure is used in project management but it is not used when the critical path method is involved.

Which of the following is not an advantage of a pure project?