Question 1

The standard deviation of the critical path is equal to the sum of the standard deviations of all of the activities on the critical path.

Accepted Answer

A) True 
 B)False

Question 2

A hierarchical listing of what must be done in a project is called a

Accepted Answer

A) work breakdown structure (WBS). 
B) PERT. 
C) planning matrix. 
D) crashing plan. 
E) critical path. 
A) work breakdown structure (WBS). 
B) PERT. 
C) planning matrix. 
D) crashing plan. 
E) critical path.

Question 3

Many activities have slack time; if we add these slack times together, this represents the potential improvement in early completion for the project.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) 0 weeks 
B) 3 weeks 
C) 9 weeks 
D) 11 weeks 
E) 12 weeks 
A) 0 weeks 
B) 3 weeks 
C) 9 weeks 
D) 11 weeks 
E) 12 weeks

Question 5

Activity 4-5 in a network diagram has an optimistic time estimate of five days, a most likely time estimate of seven days, and a pessimistic time estimate of 10 days. Its expected time (in days)is approximately

Accepted Answer

A) 5. 
B) 6. 
C) 7. 
D) 8. 
E) 9. 
A) 5. 
B) 6. 
C) 7. 
D) 8. 
E) 9.

Question 6

Consider the following work breakdown structure:
 
What is the estimated standard deviation in the time for activity D?

Accepted Answer

A) 0 days 
B) 2 days 
C) 3 days 
D) 4 days 
E) 12 days 
A) 0 days 
B) 2 days 
C) 3 days 
D) 4 days 
E) 12 days

Question 7

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

Accepted Answer

A) 91 days 
B) 99 days 
C) 100 days 
D) 101 days 
E) 115 days 
A) 91 days 
B) 99 days 
C) 100 days 
D) 101 days 
E) 115 days

Question 8

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

Accepted Answer

A) 0 days 
B) 19 days 
C) 20 days 
D) 79 days 
E) 80 days 
A) 0 days 
B) 19 days 
C) 20 days 
D) 79 days 
E) 80 days

Question 9

Once a project is approved and underway, project managers are only responsible for effectively managing time and costs which, if done well, will assure project completion on time and on budget.

Accepted Answer

A) True 
 B)False

Question 10

Consider the following work breakdown structure:
 
What is the estimated standard deviation in the time for activity E?

Accepted Answer

A) 1 day 
B) 2 days 
C) 3 days 
D) 4 days 
E) 5 days 
A) 1 day 
B) 2 days 
C) 3 days 
D) 4 days 
E) 5 days

Question 11

Consider the following work breakdown structure:
 
What is the estimated standard deviation in the time for activity E?

Accepted Answer

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

Question 12

A sequence of activities that leads from the starting node to the finishing node is called a

Accepted Answer

A) path. 
B) sequel. 
C) trail. 
D) critical sequence. 
E) time line. 
A) path. 
B) sequel. 
C) trail. 
D) critical sequence. 
E) time line.

Question 13

In project network analysis, "slack" refers to the difference between

Accepted Answer

A) observed and predicted times. 
B) optimistic and pessimistic times. 
C) mean and modal times. 
D) finish and start times. 
E) latest and earliest times. 
A) observed and predicted times. 
B) optimistic and pessimistic times. 
C) mean and modal times. 
D) finish and start times. 
E) latest and earliest times.

Question 14

Matrix organizations transfer control of workers to project managers for the duration of the project.

Accepted Answer

A) True 
 B)False

Question 15

One upside to terminating a project that is not going as well as planned is that

Accepted Answer

A) poorly performing project team members will be kept from causing trouble elsewhere. 
B) no additional costs will be incurred. 
C) poor project managers will be weeded out. 
D) resources can perhaps be put to better use elsewhere. 
E) project completion will be hastened. 
A) poorly performing project team members will be kept from causing trouble elsewhere. 
B) no additional costs will be incurred. 
C) poor project managers will be weeded out. 
D) resources can perhaps be put to better use elsewhere. 
E) project completion will be hastened.

Question 16

Once a project is underway, the project manager usually is not responsible for effectively managing

Accepted Answer

A) the people. 
B) costs. 
C) resources. 
D) time. 
E) project priority. 
A) the people. 
B) costs. 
C) resources. 
D) time. 
E) project priority.

Question 17

Path probabilities are calculated by dividing path mean by path standard deviations.

Accepted Answer

A) True 
 B)False

Question 18

Consider the following work breakdown structure:
 
What is the probability that the critical path for this project will be completed within 200 days?

Accepted Answer

A) .8413 
B) .9544 
C) .9772 
D) .9974 
E) .9987 
A) .8413 
B) .9544 
C) .9772 
D) .9974 
E) .9987

The standard deviation of the critical path is equal to the sum of the standard deviations of all of the activities on the critical path.

A hierarchical listing of what must be done in a project is called a

Many activities have slack time; if we add these slack times together, this represents the potential improvement in early completion for the project.

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

Activity 4-5 in a network diagram has an optimistic time estimate of five days, a most likely time estimate of seven days, and a pessimistic time estimate of 10 days. Its expected time (in days)is approximately

Consider the following work breakdown structure: What is the estimated standard deviation in the time for activity D?

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

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

Once a project is approved and underway, project managers are only responsible for effectively managing time and costs which, if done well, will assure project completion on time and on budget.

Consider the following work breakdown structure: What is the estimated standard deviation in the time for activity E?

Consider the following work breakdown structure: What is the estimated standard deviation in the time for activity E?

A sequence of activities that leads from the starting node to the finishing node is called a

In project network analysis, "slack" refers to the difference between

Matrix organizations transfer control of workers to project managers for the duration of the project.

One upside to terminating a project that is not going as well as planned is that

Once a project is underway, the project manager usually is not responsible for effectively managing

Path probabilities are calculated by dividing path mean by path standard deviations.

Consider the following work breakdown structure: What is the probability that the critical path for this project will be completed within 200 days?

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

The standard deviation of the critical path is equal to the sum of the standard deviations of all of the activities on the critical path.

A hierarchical listing of what must be done in a project is called a

Many activities have slack time; if we add these slack times together, this represents the potential improvement in early completion for the project.

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

Activity 4-5 in a network diagram has an optimistic time estimate of five days, a most likely time estimate of seven days, and a pessimistic time estimate of 10 days. Its expected time (in days)is approximately

Consider the following work breakdown structure: What is the estimated standard deviation in the time for activity D?

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

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

Once a project is approved and underway, project managers are only responsible for effectively managing time and costs which, if done well, will assure project completion on time and on budget.

Consider the following work breakdown structure: What is the estimated standard deviation in the time for activity E?

Consider the following work breakdown structure: What is the estimated standard deviation in the time for activity E?

A sequence of activities that leads from the starting node to the finishing node is called a

In project network analysis, "slack" refers to the difference between

Matrix organizations transfer control of workers to project managers for the duration of the project.

One upside to terminating a project that is not going as well as planned is that

Once a project is underway, the project manager usually is not responsible for effectively managing

Path probabilities are calculated by dividing path mean by path standard deviations.

Consider the following work breakdown structure: What is the probability that the critical path for this project will be completed within 200 days?

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