Question 1

Describe some of the challenges faced in the construction of the new 11-story building at Arnold Palmer Hospital in Orlando, Florida.

Accepted Answer

Prior to beginning actual construction,

Question 2

A simple CPM network has five activities, A, B, C, D, and E. A is an immediate predecessor of B and of C. B is an immediate predecessor of D and of E. C is an immediate predecessor of E. Which of the following statements is TRUE?

Accepted Answer

A)  There are two paths in this network. 
B)  There are four paths in this network. 
C)  There are five paths in this network. 
D)  There are three paths in this network. 
E)  There are six paths in this network. 
A)  There are two paths in this network. 
B)  There are four paths in this network. 
C)  There are five paths in this network. 
D)  There are three paths in this network. 
E)  There are six paths in this network.

Question 3

If an activity whose normal duration is 13 days can be shortened to 11 days for an added cost of $1,500, what is the crash cost per period?

Accepted Answer

A)  $500 
B)  $1,500 
C)  $750 
D)  $13,000 
E)  $15,000 
A)  $500 
B)  $1,500 
C)  $750 
D)  $13,000 
E)  $15,000

Question 4

The ________ has established a code of ethics especially for project managers.

Accepted Answer

Project Ma

Question 5

Project managers have their own code of ethics, established by the Project Management Institute.

Accepted Answer

A) True 
 B)False

Question 6

Every network has at most one critical path.

Accepted Answer

A) True 
 B)False

Question 7

The standard deviation of project duration is the average of the standard deviation of all activities on the critical path.

Accepted Answer

A) True 
 B)False

Question 8

The beta distribution is used in project management to:

Accepted Answer

A)  calculate slack on activities not on the critical path. 
B)  calculate the probability that a project will be completed within its budget. 
C)  calculate pessimistic and optimistic activity times. 
D)  determine which activity should be crashed. 
E)  none of the these. 
A)  calculate slack on activities not on the critical path. 
B)  calculate the probability that a project will be completed within its budget. 
C)  calculate pessimistic and optimistic activity times. 
D)  determine which activity should be crashed. 
E)  none of the these.

Question 9

A project organization:

Accepted Answer

A)  is effective for companies with multiple large projects. 
B)  is appropriate only in construction firms. 
C)  often fails when the project cuts across organizational lines. 
D)  is most helpful for ongoing projects with no termination date. 
E)  is most helpful when the work contains simple and unrelated tasks. 
A)  is effective for companies with multiple large projects. 
B)  is appropriate only in construction firms. 
C)  often fails when the project cuts across organizational lines. 
D)  is most helpful for ongoing projects with no termination date. 
E)  is most helpful when the work contains simple and unrelated tasks.

Question 10

A network consists of the following list. Times are given in weeks.
   (a) Draw the network diagram.
(b) Calculate the expected duration and variance of each activity.
(c) Calculate the expected duration and variance of the critical path.
(d) Calculate the probability that the project will be completed in less than 28 weeks.

Accepted Answer

(a)
 @#IMG-DLM& (b, c)
 @#IMG-DLM& (d) z

Question 11

In PERT, project variance is computed by summing the variances of ________.

Accepted Answer

The answer of In PERT, project variance is computed by...

Question 12

Which of the following statements regarding PERT times is TRUE?

Accepted Answer

A)  The optimistic time estimate is usually the same as the most likely time estimate. 
B)  The optimistic time estimate is an estimate of the maximum time an activity will require. 
C)  The expected time estimate is calculated as t = (a + 4m + b)/6. 
D)  The pessimistic time estimate is an estimate of the minimum time an activity will require. 
E)  The most likely time estimate is an estimate of the maximum time an activity will require. 
A)  The optimistic time estimate is usually the same as the most likely time estimate. 
B)  The optimistic time estimate is an estimate of the maximum time an activity will require. 
C)  The expected time estimate is calculated as t = (a + 4m + b)/6. 
D)  The pessimistic time estimate is an estimate of the minimum time an activity will require. 
E)  The most likely time estimate is an estimate of the maximum time an activity will require.

Question 13

________ is the amount of time an individual activity in a network can be delayed without delaying the entire project.

Accepted Answer

The answer of ________ is the amount of time an...

Question 14

Which of the following statements concerning CPM activities is false?

Accepted Answer

A)  The early finish of an activity is the early start of that activity plus its duration. 
B)  The late finish is the earliest of the late start times of all successor activities. 
C)  The late start of an activity is its late finish less its duration. 
D)  The late finish of an activity is the earliest late start of all preceding activities. 
E)  The early start of an activity is the latest early finish of all preceding activities. 
A)  The early finish of an activity is the early start of that activity plus its duration. 
B)  The late finish is the earliest of the late start times of all successor activities. 
C)  The late start of an activity is its late finish less its duration. 
D)  The late finish of an activity is the earliest late start of all preceding activities. 
E)  The early start of an activity is the latest early finish of all preceding activities.

Question 15

Which of the following is NOT one of the phases of project management?

Accepted Answer

A)  planning 
B)  scheduling 
C)  controlling 
D)  budgeting 
E)  All of these are project management phases. 
A)  planning 
B)  scheduling 
C)  controlling 
D)  budgeting 
E)  All of these are project management phases.

Question 16

Given the critical path below, calculate the following:
(a) The crash cost per unit time savings for each activity.
(b) The maximum total crash time savings and cost.
(c) The maximum total time-savings with a $3000 budget.

Accepted Answer

(a) A saves 1 day for $4000/day, B saves

Question 17

Shortening the project's duration by deleting unnecessary activities is called "project crashing."

Accepted Answer

A) True 
 B)False

Question 18

A project organization that becomes permanent is often referred to as a:

Accepted Answer

A)  fixed project organization. 
B)  matrix organization. 
C)  normal organization. 
D)  standard organization. 
E)  permanent project organization. 
A)  fixed project organization. 
B)  matrix organization. 
C)  normal organization. 
D)  standard organization. 
E)  permanent project organization.

Question 19

The critical path can be determined by use of either the "forward pass" or the "backward pass."

Accepted Answer

A) True 
 B)False

Question 20

How is the expected completion time of a project activity, and of a PERT project, computed?

Accepted Answer

The expected completion time of a projec

Exam 3: Project Management

Describe some of the challenges faced in the construction of the new 11-story building at Arnold Palmer Hospital in Orlando, Florida.

A simple CPM network has five activities, A, B, C, D, and E. A is an immediate predecessor of B and of C. B is an immediate predecessor of D and of E. C is an immediate predecessor of E. Which of the following statements is TRUE?

If an activity whose normal duration is 13 days can be shortened to 11 days for an added cost of $1,500, what is the crash cost per period?

The ________ has established a code of ethics especially for project managers.

Project managers have their own code of ethics, established by the Project Management Institute.

Every network has at most one critical path.

The standard deviation of project duration is the average of the standard deviation of all activities on the critical path.

The beta distribution is used in project management to:

A project organization:

In PERT, project variance is computed by summing the variances of ________.

Which of the following statements regarding PERT times is TRUE?

________ is the amount of time an individual activity in a network can be delayed without delaying the entire project.

Which of the following statements concerning CPM activities is false?

Which of the following is NOT one of the phases of project management?

Given the critical path below, calculate the following: (a) The crash cost per unit time savings for each activity. (b) The maximum total crash time savings and cost. (c) The maximum total time-savings with a $3000 budget.

Shortening the project's duration by deleting unnecessary activities is called "project crashing."

A project organization that becomes permanent is often referred to as a:

The critical path can be determined by use of either the "forward pass" or the "backward pass."

How is the expected completion time of a project activity, and of a PERT project, computed?

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