Exam 4: Projects

In this structure, each project uses people from different functional areas. A dedicated project manager decides what tasks need to be performed and when, but the functional managers control which people to use.

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. If you crash this project by one day,What is the total (i.e., direct and indirect) project cost?

One of the advantages of a functional project organizational structure is that a team member can work on several projects.

You are looking at a chart that has the terms BCWS, BCWP, and AC indicating lines on the chart. What kind of chart are you looking at?

In this structure, team members are assigned from the functional units of the organization. The team members remain a part of their functional units and typically are not dedicated to 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 cost performance index for the project?

Functional projects have high levels of team member motivation.

A structure for organizing a project where a self-contained team works full time on the project is:

In CPM analysis, it is generally expected that the relationship between activity direct costs and project indirect costs will be which of the following?

For an activity in a CPM analysis, the early finish time is 20 and the late finish time is 20. Which of the following statements is true?

What is a work breakdown structure?

The critical path in a CPM analysis is found by locating the activities times with zero slack.

Earned value management (EVM) has the capability to combine measurements of scope, schedule, and cost in a 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 D?

A specific event in a project is:

A project milestone is a specific event to be reached by a particular point in time.

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

A project can be subdivided into which of the following?

Slack activity time is the difference between the early start and the late finish of a project activity time.

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 the project?