Question 1

Consider the following work breakdown structure:
 
What is the probability that the critical path for this project will be completed within 52 weeks?

Accepted Answer

A) .1554 
B) .3108 
C) .3466 
D) .6554 
E) .8277 
A) .1554 
B) .3108 
C) .3466 
D) .6554 
E) .8277

Question 2

Consider the following work breakdown structure:
 
What is the estimated slack time for activity W?

Accepted Answer

A) 0 day 
B) 25 days 
C) 35 days 
D) 45 days 
E) 85 days 
A) 0 day 
B) 25 days 
C) 35 days 
D) 45 days 
E) 85 days

Question 3

Shortening activity durations is called

Accepted Answer

A) expediting. 
B) crashing. 
C) vendor management. 
D) null nodes. 
E) trade-off analysis. 
A) expediting. 
B) crashing. 
C) vendor management. 
D) null nodes. 
E) trade-off analysis.

Question 4

Which decision in project management has typical factors that include establishing appropriate metrics for evaluating the project and managing equipment?

Accepted Answer

A) deciding which projects to implement 
B) selecting the project manager 
C) selecting the project team 
D) planning and designing the project 
E) managing and controlling project resources 
A) deciding which projects to implement 
B) selecting the project manager 
C) selecting the project team 
D) planning and designing the project 
E) managing and controlling project resources

Question 5

There are four activities on the critical path, and they have standard deviations of 1, 2, 4, and 2 days. The standard deviation of the critical path is

Accepted Answer

A) 3. 
B) 5. 
C) 9. 
D) 16. 
E) 25. 
A) 3. 
B) 5. 
C) 9. 
D) 16. 
E) 25.

Question 6

Which phase of the project life cycle happens in conjunction with project execution?

Accepted Answer

A) initiating 
B) planning 
C) executing 
D) monitoring and controlling 
E) closing 
A) initiating 
B) planning 
C) executing 
D) monitoring and controlling 
E) closing

Question 7

A disadvantage of activity-on-node diagrams is the occasional need for dummy activities.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is not a form of risk reduction in project management?

Accepted Answer

A) backup system 
B) outsourcing 
C) risk sharing 
D) scenario analysis 
E) frequent monitoring of critical project dimensions in order to catch and eliminate problems early 
A) backup system 
B) outsourcing 
C) risk sharing 
D) scenario analysis 
E) frequent monitoring of critical project dimensions in order to catch and eliminate problems early

Question 9

The project computing algorithm requires both a forward and a backward pass.

Accepted Answer

A) True 
 B)False

Question 10

Consider the portion of a project depicted by this graph:   What is the latest start time of activity 6-7 if the latest finish of activity 7-8 is 26, and the latest finish of activity 7-9 is 23?

Accepted Answer

A) 18 
B) 17 
C) 13 
D) 12 
E) 10 
A) 18 
B) 17 
C) 13 
D) 12 
E) 10

Question 11

The earliest finish time for an activity is equal to the latest finish time minus the activity slack.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is not typically treated as part of a project life cycle?

Accepted Answer

A) feasibility assessment 
B) planning 
C) maturity 
D) release resources 
E) project staffing 
A) feasibility assessment 
B) planning 
C) maturity 
D) release resources 
E) project staffing

Question 13

To _____ an activity means to shorten the time it will take.

Accepted Answer

A) smash 
B) fund 
C) crash 
D) aggregate 
E) matrix 
A) smash 
B) fund 
C) crash 
D) aggregate 
E) matrix

Question 14

The project management strategy of injecting additional resources in order to reduce the length of the project is called

Accepted Answer

A) expediting. 
B) rushing. 
C) panicking. 
D) crashing. 
E) loading. 
A) expediting. 
B) rushing. 
C) panicking. 
D) crashing. 
E) loading.

Question 15

The sum of times of the longest path in a network indicates expected project duration, and the activities represent the critical activities.

Accepted Answer

A) True 
 B)False

Question 16

Project management differs from management of more traditional activities mainly because of:
(I)its limited time frame.(II)its unique, defined set of activities.(III)the requirement for use of the appropriate resources.(IV)the need for planning and execution.

Accepted Answer

A) I 
B) II 
C) I and II 
D) I and III 
E) I, II, and IV 
A) I 
B) II 
C) I and II 
D) I and III 
E) I, II, and IV

Question 17

An advantage of Gantt charts in project management is that they identify which activities can be delayed without delaying the overall project.

Accepted Answer

A) True 
 B)False

Question 18

The advantage a precedence diagram has over a Gantt chart is

Accepted Answer

A) its ability to reveal relationships among activities. 
B) its difficulty in depicting networks. 
C) its complexity. 
D) its simplicity. 
E) its lack of riskiness. 
A) its ability to reveal relationships among activities. 
B) its difficulty in depicting networks. 
C) its complexity. 
D) its simplicity. 
E) its lack of riskiness.

Question 19

The costs associated with risk events tend to be lower near the beginning of a project and higher near the end of the project.

Accepted Answer

A) True 
 B)False

Question 20

Consider the following work breakdown structure:
 
What is the estimated expected (mean)time for project completion?

Accepted Answer

A) 160 days 
B) 170 days 
C) 200 days 
D) 210 days 
E) 300 days 
A) 160 days 
B) 170 days 
C) 200 days 
D) 210 days 
E) 300 days

Consider the following work breakdown structure: What is the probability that the critical path for this project will be completed within 52 weeks?

Consider the following work breakdown structure: What is the estimated slack time for activity W?

Shortening activity durations is called

Which decision in project management has typical factors that include establishing appropriate metrics for evaluating the project and managing equipment?

There are four activities on the critical path, and they have standard deviations of 1, 2, 4, and 2 days. The standard deviation of the critical path is

Which phase of the project life cycle happens in conjunction with project execution?

A disadvantage of activity-on-node diagrams is the occasional need for dummy activities.

Which of the following is not a form of risk reduction in project management?

The project computing algorithm requires both a forward and a backward pass.

Consider the portion of a project depicted by this graph: What is the latest start time of activity 6-7 if the latest finish of activity 7-8 is 26, and the latest finish of activity 7-9 is 23?

The earliest finish time for an activity is equal to the latest finish time minus the activity slack.

Which of the following is not typically treated as part of a project life cycle?

To _____ an activity means to shorten the time it will take.

The project management strategy of injecting additional resources in order to reduce the length of the project is called

The sum of times of the longest path in a network indicates expected project duration, and the activities represent the critical activities.

Project management differs from management of more traditional activities mainly because of: (I)its limited time frame.(II)its unique, defined set of activities.(III)the requirement for use of the appropriate resources.(IV)the need for planning and execution.

An advantage of Gantt charts in project management is that they identify which activities can be delayed without delaying the overall project.

The advantage a precedence diagram has over a Gantt chart is

The costs associated with risk events tend to be lower near the beginning of a project and higher near the end of the project.

Consider the following work breakdown structure: What is the estimated expected (mean)time for project completion?

Introduction to Operations Management

Competitiveness, Strategy, and Productivity

Forecasting

Product and Service Design

Strategic Capacity Planning for Products and Services

Process Selection and Facility Layout

Work Design and Measurement

Location Planning and Analysis

Management of Quality

Quality Control

Aggregate Planning and Master Scheduling

Inventory Management

MRP and ERP

Jit and Lean Operations

Supply Chain Management

Scheduling

Management of Waiting Lines

Linear Programming

Filters

Exam 17: Project Management

Consider the following work breakdown structure: What is the probability that the critical path for this project will be completed within 52 weeks?

Consider the following work breakdown structure: What is the estimated slack time for activity W?

Shortening activity durations is called

Which decision in project management has typical factors that include establishing appropriate metrics for evaluating the project and managing equipment?

There are four activities on the critical path, and they have standard deviations of 1, 2, 4, and 2 days. The standard deviation of the critical path is

Which phase of the project life cycle happens in conjunction with project execution?

A disadvantage of activity-on-node diagrams is the occasional need for dummy activities.

Which of the following is not a form of risk reduction in project management?

The project computing algorithm requires both a forward and a backward pass.

Consider the portion of a project depicted by this graph: What is the latest start time of activity 6-7 if the latest finish of activity 7-8 is 26, and the latest finish of activity 7-9 is 23?

The earliest finish time for an activity is equal to the latest finish time minus the activity slack.

Which of the following is not typically treated as part of a project life cycle?

To _____ an activity means to shorten the time it will take.

The project management strategy of injecting additional resources in order to reduce the length of the project is called

The sum of times of the longest path in a network indicates expected project duration, and the activities represent the critical activities.

Project management differs from management of more traditional activities mainly because of: (I)its limited time frame.(II)its unique, defined set of activities.(III)the requirement for use of the appropriate resources.(IV)the need for planning and execution.

An advantage of Gantt charts in project management is that they identify which activities can be delayed without delaying the overall project.

The advantage a precedence diagram has over a Gantt chart is

The costs associated with risk events tend to be lower near the beginning of a project and higher near the end of the project.

Consider the following work breakdown structure: What is the estimated expected (mean)time for project completion?

Introduction to Operations Management

Competitiveness, Strategy, and Productivity

Forecasting

Product and Service Design

Strategic Capacity Planning for Products and Services

Process Selection and Facility Layout

Work Design and Measurement

Location Planning and Analysis

Management of Quality

Quality Control

Aggregate Planning and Master Scheduling

Inventory Management

MRP and ERP

Jit and Lean Operations

Supply Chain Management

Scheduling

Management of Waiting Lines

Linear Programming

Filters