Question 1

Consider the following table of activities that describes a project network. How much reduction in project duration could you get from crashing activity C?

Accepted Answer

A)  0 
B)  1 
C)  2 
D)  3 
E)  4 
A)  0 
B)  1 
C)  2 
D)  3 
E)  4

Question 2

An insensitive project network has the benefit of:

Accepted Answer

A)  Not increasing risk as activities are initially crashed. 
B)  Having potential for real cost savings when crashed. 
C)  Having potential for significant time savings when crashed. 
D)  Having potential for flexible scheduling. 
E)  All of these alternatives are correct. 
A)  Not increasing risk as activities are initially crashed. 
B)  Having potential for real cost savings when crashed. 
C)  Having potential for significant time savings when crashed. 
D)  Having potential for flexible scheduling. 
E)  All of these alternatives are correct.

Question 3

Direct costs are assignable directly to a particular ________.

Accepted Answer

A)  activity 
B)  resource 
C)  work package 
D)  task 
E)  milestone 
A)  activity 
B)  resource 
C)  work package 
D)  task 
E)  milestone

Question 4

The shortest possible time an activity can be completed realistically is called ___­­­_____ time.

Accepted Answer

A)  expedited 
B)  accelerated 
C)  crash 
D)  optimistic 
E)  optimal 
A)  expedited 
B)  accelerated 
C)  crash 
D)  optimistic 
E)  optimal

Question 5

The total cost for each time unit of a project is the sum of labor, materials, and equipment.

Accepted Answer

A) True 
 B)False

Question 6

Overhead costs such as supervision, administration, consultants, and interest are examples of ________ project costs.

Accepted Answer

A)  direct 
B)  budgeted 
C)  accumulated 
D)  indirect 
E)  time-phased 
A)  direct 
B)  budgeted 
C)  accumulated 
D)  indirect 
E)  time-phased

Question 7

When it is necessary to reduce project duration and resources are constrained, which of the following is NOT a reasonable option?

Accepted Answer

A)  Establish a core project team 
B)  Fast-tracking 
C)  Reduce project scope 
D)  Compromise quality 
E)  Use critical-chain project management 
A)  Establish a core project team 
B)  Fast-tracking 
C)  Reduce project scope 
D)  Compromise quality 
E)  Use critical-chain project management

Question 8

Intense global competition and rapid technological advances create pressure to develop projects rapidly. This is an example of reducing project duration caused by

Accepted Answer

A)  imposed project deadlines. 
B)  time to market. 
C)  unforeseen project delays. 
D)  high overhead. 
E)  incentive contracts. 
A)  imposed project deadlines. 
B)  time to market. 
C)  unforeseen project delays. 
D)  high overhead. 
E)  incentive contracts.

Question 9

Which of the following is NOT a technique for accelerating project completion when resources are not constrained?

Accepted Answer

A)  Assign additional staff and equipment 
B)  Establish a core team 
C)  Do it twice-fast and correctly 
D)  Reduce project scope 
E)  Compromise quality 
A)  Assign additional staff and equipment 
B)  Establish a core team 
C)  Do it twice-fast and correctly 
D)  Reduce project scope 
E)  Compromise quality

Question 10

When you schedule ________ exclusively, you avoid the additional costs of coordination and communication when new people are added.

Accepted Answer

A)  resources 
B)  overtime 
C)  contractors 
D)  outsourcing 
E)  activities 
A)  resources 
B)  overtime 
C)  contractors 
D)  outsourcing 
E)  activities

Question 11

Which of the following is not likely to result in an imposed deadline?

Accepted Answer

A)  Design flaws. 
B)  Marketing promises the product to the customer within three months. 
C)  The president announces availability of the product in one year. 
D)  The chief technology officer says, "finish the projects in six months or start packing." 
E)  Intense global competition. 
A)  Design flaws. 
B)  Marketing promises the product to the customer within three months. 
C)  The president announces availability of the product in one year. 
D)  The chief technology officer says, "finish the projects in six months or start packing." 
E)  Intense global competition.

Question 12

Indirect costs generally represent overhead costs such as supervision, administration, consultants, and interest.

Accepted Answer

A) True 
 B)False

Question 13

The higher the cost slope of an activity the lower the cost to reduce its duration.

Accepted Answer

A) True 
 B)False

Question 14

The direct cost for completing an activity as early as possible is called its ________ cost.

Accepted Answer

A)  budgeted 
B)  time-limited 
C)  crash 
D)  minimal 
E)  early completion 
A)  budgeted 
B)  time-limited 
C)  crash 
D)  minimal 
E)  early completion

Question 15

Which of the following projects would be least benefited if additional resources were added?

Accepted Answer

A)  Splitting and stacking a cord of wood 
B)  Developing new software 
C)  Harvesting a crop by hand 
D)  Building a cabin 
E)  Moving to a new house 
A)  Splitting and stacking a cord of wood 
B)  Developing new software 
C)  Harvesting a crop by hand 
D)  Building a cabin 
E)  Moving to a new house

Question 16

When a project manager must reduce project duration but resources are constrained, creating a software program that will have less functionality than originally planned or building a house without the bonus room and the basement that the owner originally specified in the plans would both be examples of

Accepted Answer

A)  fast-tracking. 
B)  use critical-chain project management. 
C)  reduce project scope. 
D)  compromise quality. 
E)  do it twice-fast and correctly. 
A)  fast-tracking. 
B)  use critical-chain project management. 
C)  reduce project scope. 
D)  compromise quality. 
E)  do it twice-fast and correctly.

Question 17

Crashing activities on a project network that is sensitive could increase the risk of the project being late.

Accepted Answer

A) True 
 B)False

Question 18

All of the following are disadvantages of scheduling overtime EXCEPT

Accepted Answer

A)  overtime is associated with additional costs of coordination and communication. 
B)  sustained overtime work by salaried employees may incur burnout. 
C)  productivity is reduced the longer one is working. 
D)  more hours results in higher expenses if paying workers hourly. 
E)  continued overtime can lead to a higher turnover rate. 
A)  overtime is associated with additional costs of coordination and communication. 
B)  sustained overtime work by salaried employees may incur burnout. 
C)  productivity is reduced the longer one is working. 
D)  more hours results in higher expenses if paying workers hourly. 
E)  continued overtime can lead to a higher turnover rate.

Question 19

How would you calculate an activity's slope and what does it represent?

Accepted Answer

An activity's slope is the cos

Question 20

Consider the following table of activities that describes a project network. After all the crashing you can do is done (assuming you can crash only one activity at a time), how many paths are critical? Which activities remain noncritical? Would you characterize this network as sensitive or insensitive?

Accepted Answer

A)  Two critical paths, only C is noncritical, insensitive 
B)  Three critical paths, only E is noncritical, sensitive 
C)  Four critical paths, only D is noncritical, sensitive 
D)  Three critical paths, only C is noncritical, sensitive 
E)  Two critical paths, only E is noncritical, insensitive 
A)  Two critical paths, only C is noncritical, insensitive 
B)  Three critical paths, only E is noncritical, sensitive 
C)  Four critical paths, only D is noncritical, sensitive 
D)  Three critical paths, only C is noncritical, sensitive 
E)  Two critical paths, only E is noncritical, insensitive

Consider the following table of activities that describes a project network. How much reduction in project duration could you get from crashing activity C?

An insensitive project network has the benefit of:

Direct costs are assignable directly to a particular ________.

The shortest possible time an activity can be completed realistically is called ____ time.

The total cost for each time unit of a project is the sum of labor, materials, and equipment.

Overhead costs such as supervision, administration, consultants, and interest are examples of ________ project costs.

When it is necessary to reduce project duration and resources are constrained, which of the following is NOT a reasonable option?

Intense global competition and rapid technological advances create pressure to develop projects rapidly. This is an example of reducing project duration caused by

Which of the following is NOT a technique for accelerating project completion when resources are not constrained?

When you schedule ________ exclusively, you avoid the additional costs of coordination and communication when new people are added.

Which of the following is not likely to result in an imposed deadline?

Indirect costs generally represent overhead costs such as supervision, administration, consultants, and interest.

The higher the cost slope of an activity the lower the cost to reduce its duration.

The direct cost for completing an activity as early as possible is called its ________ cost.

Which of the following projects would be least benefited if additional resources were added?

Crashing activities on a project network that is sensitive could increase the risk of the project being late.

All of the following are disadvantages of scheduling overtime EXCEPT

How would you calculate an activity's slope and what does it represent?

Modern Project Management

Organization Strategy and Project Selection

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Schedule

Managing Risk

Scheduling Resources and Costs

Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

Agile Project Management

International Projects

Filters

Exam 9: Reducing Project Duration

Consider the following table of activities that describes a project network. How much reduction in project duration could you get from crashing activity C?

An insensitive project network has the benefit of:

Direct costs are assignable directly to a particular ________.

The shortest possible time an activity can be completed realistically is called ___­­­_____ time.

The total cost for each time unit of a project is the sum of labor, materials, and equipment.

Overhead costs such as supervision, administration, consultants, and interest are examples of ________ project costs.

When it is necessary to reduce project duration and resources are constrained, which of the following is NOT a reasonable option?

Intense global competition and rapid technological advances create pressure to develop projects rapidly. This is an example of reducing project duration caused by

Which of the following is NOT a technique for accelerating project completion when resources are not constrained?

When you schedule ________ exclusively, you avoid the additional costs of coordination and communication when new people are added.

Which of the following is not likely to result in an imposed deadline?

Indirect costs generally represent overhead costs such as supervision, administration, consultants, and interest.

The higher the cost slope of an activity the lower the cost to reduce its duration.

The direct cost for completing an activity as early as possible is called its ________ cost.

Which of the following projects would be least benefited if additional resources were added?

Crashing activities on a project network that is sensitive could increase the risk of the project being late.

All of the following are disadvantages of scheduling overtime EXCEPT

How would you calculate an activity's slope and what does it represent?

Modern Project Management

Organization Strategy and Project Selection

Organization: Structure and Culture

Defining the Project

Estimating Project Times and Costs

Developing a Project Schedule

Managing Risk

Scheduling Resources and Costs

Being an Effective Project Manager

Managing Project Teams

Outsourcing: Managing Interorganizational Relations

Progress and Performance Measurement and Evaluation

Project Closure

Agile Project Management

International Projects

Filters

The shortest possible time an activity can be completed realistically is called ____ time.