Exam 7: Project Management

Following are four sets of most optimistic, most likely, and most pessimistic times (in weeks) for an activity. Which one of the four sets will have a mean estimated time equal to the most likely time?

What characteristics should be considered when selecting project team members? Briefly describe these characteristics for members of a project team assigned to improve a teller's job in a bank.

Figure to accompany Table 7.1 Table 7.1 -Using the information shown in Table 7.1, what is the activity time for activity F?

Figure to accompany Table 7.7 Table 7.7 -Determine the information missing from Table 7.7; then answer the following questions. How many week(s) of crashing are available for activity D in Table 2.9?

The optimistic time is the probable time required to perform the activity.

Table 7.2 -Using Table 7.2, what is the earliest expected time of completion of the whole project?

The following table contains a list of activities, with precedence requirements and crash costs. All start and finish times and crash costs are on a per-week basis. a. Determine the project cost and duration without crashing. b. Determine the least expensive project cost if the duration is to be 10% shorter than normal project duration. c. Determine the least expensive project cost if the duration is to be 20% shorter than normal project duration. d. Create a graph that shows project expediting cost plotted as a function of the reduction in project duration.

Heidi was part of a project team that retained their roles within the organization and was on loan to the project due to her technical expertise. In effect, she reported to two bosses, one in her functional area and also to the project manager. Heidi is operating within a(n) ________ organizational structure.

Table 7.5 -Using Table 7.5, every day the construction crew is on-site costs $1000. What activities would you consider crashing to reduce the project completion cost?

Table 7.3 -Using Table 7.3, what is the earliest expected time of completion of the whole project?

When using the beta distribution for estimating activity times:

The probability that a project will be completed by its earliest expected completion date is:

Figure to accompany Table 7.7 Table 7.7 -What is the crashing cost per week for activity E in Table 7.7?

Table 7.2 -Using Table 7.2, if the expected times for activities A, G, and H increased by 2, 3, and 4 weeks, respectively, by how many weeks would the project's earliest expected time of completion increase?

Figure to accompany Table 7.7 Table 7.7 -How many week(s) of crashing are available for activity B in Table 7.7?

You are given the following information about activity A: What will it cost to complete activity A in 8 weeks?

Describe how time-cost tradeoffs for project activities should be identified and analyzed.

Table 7.4 -Using Table 7.4, what is the minimum number of activities that would have to be crashed to cause a decrease in the project's earliest completion date?

Which of these is not one of the four categories of project risk?

Table 7.3 -Using Table 7.3, if the project manager wants at least a 98% probability that the project will be completed on or before the due date, what is the shortest project due date that will satisfy the manager?