Question 1

Information accuracy relative to the completeness of the work breakdown structure and communication of timely information affect the:

Accepted Answer

A)  strategic fit risk of a project. 
B)  operations risk of a project. 
C)  service/product attribute risk of a project. 
D)  cost/benefit risk of a project. 
A)  strategic fit risk of a project. 
B)  operations risk of a project. 
C)  service/product attribute risk of a project. 
D)  cost/benefit risk of a project.

Question 2

Table 7.4
  
-Using Table 7.4, what is the earliest completion time for this project?

Accepted Answer

A)  18 weeks 
B)  19 weeks 
C)  20 weeks 
D)  21 weeks 
A)  18 weeks 
B)  19 weeks 
C)  20 weeks 
D)  21 weeks

Question 3

Table 7.6
  
-Using Table 7.6, suppose activity I is delayed, taking eight days to complete instead of two days. Assume all other activity times remain the same. How much longer will the total project earliest completion time become?

Accepted Answer

A)  zero days 
B)  one or two days 
C)  three or four days 
D)  five or six days 
A)  zero days 
B)  one or two days 
C)  three or four days 
D)  five or six days

Question 4

Table 7.13
All activity times for the project are in weeks.
  
-Using Table 7.13, what is the critical path of this project?

Accepted Answer

A)  A-D-H 
B)  C-E-H 
C)  B-F-G-H 
D)  C-E-H and B-F-G-H are both critical. 
A)  A-D-H 
B)  C-E-H 
C)  B-F-G-H 
D)  C-E-H and B-F-G-H are both critical.

Question 5

The phase of project management that takes the most resources is the ________, during which managers focus on activities that pertain to deliverables.

Accepted Answer

The answer of The phase of project management that takes...

Question 6

________ is the maximum length of time that an activity can be delayed without delaying the entire project.

Accepted Answer

The answer of ________ is the maximum length of time...

Question 7

A project manager should stop crashing a project if the time budget has been met or if the crash costs have exceeded the savings in indirect and penalty costs.

Accepted Answer

A) True 
 B)False

Question 8

A project is an interrelated set of activities that has a definite starting and ending point.

Accepted Answer

A) True 
 B)False

Question 9

Figure 7.2
  
-Which one of the following conditions violates the assumptions of PERT/CPM networks?

Accepted Answer

A)  Some activities can have zero variance. 
B)  Costs increase linearly as activity time is reduced below its normal time. 
C)  Two activities tied together by an arc are overlapping and can be worked on simultaneously. 
D)  There can be more than one critical path in a network. 
A)  Some activities can have zero variance. 
B)  Costs increase linearly as activity time is reduced below its normal time. 
C)  Two activities tied together by an arc are overlapping and can be worked on simultaneously. 
D)  There can be more than one critical path in a network.

Question 10

A project organization structure where team members are assigned to the project and work exclusively for the project manager is called:

Accepted Answer

A)  a matrix structure. 
B)  a fixed structure. 
C)  a pure project structure. 
D)  a functional structure. 
A)  a matrix structure. 
B)  a fixed structure. 
C)  a pure project structure. 
D)  a functional structure.

Question 11

A project tracking system should collect information on three topics for the project manager. What are these topics, why are they important, and what actions can the manager take to address any concerns that surface?

Accepted Answer

The three topics are open issues, risks,

Question 12

If the sum of the variances on the critical path (and all other network paths) is equal to zero, what is the probability that the project will be completed by its earliest expected completion date?

Accepted Answer

A)  50 percent 
B)  95 percent 
C)  100 percent 
D)  It cannot be determined. 
A)  50 percent 
B)  95 percent 
C)  100 percent 
D)  It cannot be determined.

Question 13

Table 7.9
  
-Using Table 7.9, what is the minimum time schedule for this project?

Accepted Answer

A)  fewer than 8 weeks 
B)  8 weeks 
C)  9 weeks 
D)  more than 9 weeks 
A)  fewer than 8 weeks 
B)  8 weeks 
C)  9 weeks 
D)  more than 9 weeks

Question 14

To obtain the latest start and latest finish time in a network diagram, we must work forward through the network.

Accepted Answer

A) True 
 B)False

Question 15

Draw the network corresponding to the following information. Also, complete the table, identify the critical path, and specify project completion time.

Accepted Answer

@#IMG-DLM& 
 @#IMG-DLM& Critical path is

Question 16

Table 7.14
You are responsible for managing a project with the following activities (times are given in weeks).
  
-Using Table 7.14, what is the probability that the project will take 16 or more weeks to complete?

Accepted Answer

A)  less than or equal to 20% 
B)  greater than 20% but less than or equal to 25% 
C)  greater than 25% but less than or equal to 30% 
D)  greater than 30% 
A)  less than or equal to 20% 
B)  greater than 20% but less than or equal to 25% 
C)  greater than 25% but less than or equal to 30% 
D)  greater than 30%

Question 17

Projects, and the application of project management, facilitate the implementation of operations strategy.

Accepted Answer

A) True 
 B)False

Question 18

Assuming a beta distribution is being used, if the most pessimistic time for an activity increases by six weeks, what will happen to the expected time for that activity?

Accepted Answer

A)  It will increase by one week. 
B)  It will decrease by one week. 
C)  It will increase by six weeks. 
D)  It will remain the same. 
A)  It will increase by one week. 
B)  It will decrease by one week. 
C)  It will increase by six weeks. 
D)  It will remain the same.

Question 19

Table 7.2
  
-Using Table 7.2, which activity will have the largest amount of slack?

Accepted Answer

A)  Activity F 
B)  Activity C 
C)  Activity H 
D)  Activity A 
A)  Activity F 
B)  Activity C 
C)  Activity H 
D)  Activity A

Question 20

Why do managers want to know the slack of activities?

Accepted Answer

Managers monitor activity slack reports

Exam 7: Project Management

Information accuracy relative to the completeness of the work breakdown structure and communication of timely information affect the:

Table 7.4 -Using Table 7.4, what is the earliest completion time for this project?

Table 7.6 -Using Table 7.6, suppose activity I is delayed, taking eight days to complete instead of two days. Assume all other activity times remain the same. How much longer will the total project earliest completion time become?

Table 7.13 All activity times for the project are in weeks. -Using Table 7.13, what is the critical path of this project?

The phase of project management that takes the most resources is the ________, during which managers focus on activities that pertain to deliverables.

________ is the maximum length of time that an activity can be delayed without delaying the entire project.

A project manager should stop crashing a project if the time budget has been met or if the crash costs have exceeded the savings in indirect and penalty costs.

A project is an interrelated set of activities that has a definite starting and ending point.

Figure 7.2 -Which one of the following conditions violates the assumptions of PERT/CPM networks?

A project organization structure where team members are assigned to the project and work exclusively for the project manager is called:

A project tracking system should collect information on three topics for the project manager. What are these topics, why are they important, and what actions can the manager take to address any concerns that surface?

If the sum of the variances on the critical path (and all other network paths) is equal to zero, what is the probability that the project will be completed by its earliest expected completion date?

Table 7.9 -Using Table 7.9, what is the minimum time schedule for this project?

To obtain the latest start and latest finish time in a network diagram, we must work forward through the network.

Draw the network corresponding to the following information. Also, complete the table, identify the critical path, and specify project completion time.

Table 7.14 You are responsible for managing a project with the following activities (times are given in weeks). -Using Table 7.14, what is the probability that the project will take 16 or more weeks to complete?

Projects, and the application of project management, facilitate the implementation of operations strategy.

Assuming a beta distribution is being used, if the most pessimistic time for an activity increases by six weeks, what will happen to the expected time for that activity?

Table 7.2 -Using Table 7.2, which activity will have the largest amount of slack?

Why do managers want to know the slack of activities?

Using Operations to Create Value

Process Strategy and Analysis

Quality and Performance

Capacity Planning

Constraint Management

Lean Systems

Forecasting

Inventory Management

Operations Planning and Scheduling

Resource Planning

Supply Chain Design

Supply Chain Logistic Networks

Supply Chain Integration

Supply Chain Sustainability

Supplement A Decision Making

Supplement J Operations Scheduling

Supplement K Layout

Supplement B Waiting Lines

Supplement C Special Inventory Models

Supplement D Linear Programming

Supplement E Simulation

Supplement F Financial Analysis

Supplement G Acceptance Sampling Plans

Supplement H Measuring Output Rates

Supplement I Learning Curve Analysis

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