Exam 4: Projects

Here 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. If you crash this project to reduce the total time by one day, what is the total time of the project and total cost?

Complex projects are often subdivided into a series of tasks that are typically configured to be not longer than several months in duration.

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

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 schedule variance for the project?

Earned value management (EVM) is a technique for measuring project progress in an objective manner.

The activity direct costs associated with a project might include giving workers overtime to complete a project in less than the expected time.

Pieces of work within a project that consume time are:

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 C?

In a CPM analysis, if you subtract the early start from the late start, the result is the activity's slack time.

The critical path of activities in a project is the sequence of activities that form the shortest chain in a project network of activities.

You have just been assigned to oversee a series of projects. Functional areas will loan you personnel for each project, and separate project managers will be responsible for separate projects. These project managers will report to you. Which project management structure is being used?

Here 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?

Popular project management software used in mid-sized projects is

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 variance for the project?

In a CPM analysis, if you subtract the late finish from the early finish, the result is the activity's slack time.

A project starts out as which of the following?

Currently, there are only two major companies producing project management software, Microsoft, with Microsoft Project, and Primavera, with Primavera Project Planner.

The valuations in an earned value management analysis must be either profits or revenue.

An advantage of a pure project where self-contained teams work full time on a project is which of the following?

One of the assumptions made using CPM is that project activities can be identified with clear beginning and ending points.