Exam 7: Project Management
Exam 1: Introduction to Managerial Decision Making41 Questions
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Exam 4: Linear Programming Sensitivity Analysis44 Questions
Exam 5: Transportation, Assignment, and Network Models37 Questions
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Exam 7: Project Management52 Questions
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Use this information to answer the following questions.
A university needs to prepare a banquet for its graduating seniors.The following information describes the relationships between the activities that need to be completed for this banquet.
Immediate Activity Predecessors A - B - C A, B D C E C F D, E G E H F, G
-Refer to the information above.Assume that the catering manager was able to estimate the number of hours needed to complete each activity as follows.
Activity Optimistictime Most Likely Time Pessimistic Time A 2 3 5 B 4 6 7 C 3 4 5 D 2 3 5 E 1 2 3 F 5 7 11 G 6 8 9 H 4 6 7
Determine the probability that the project will be completed in
a.Less than 25 hours.
b.Greater than 25 hours.
c.Less than 27 hours.
d.Greater than 27 hours.
(Essay)
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Crashing activities can lead to the formation of more than one critical path in a project network.
(True/False)
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Use this information to answer the following questions.
Consider the following Activity-On-Node (AON)project (activity completion times are in days).
-Refer to the figure.What is the earliest start time (EST)and earliest finish time (EFT)of activity E?
(Multiple Choice)
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Use this information to answer the following questions.
Consider the following Activity-On-Node (AON)PERT project.The three values that represent each activity's completion time (in days)correspond to an optimistic time,most likely time,and pessimistic time,respectively.
-Refer to the figure.What is the standard deviation associated with the completion time of activity B?
(Multiple Choice)
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In minimizing total crashing costs,it is best to first crash the activity in a project network with the cheapest cost to crash per period.
(True/False)
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Use this information to answer the following questions.
Jamie is planning a trip overseas.A variety of activities must be completed before her departure.The following table describes the relationships between these activities.
Immediate Activity Predecessors A - B A C A D B, C E B, C F D, E G F
-Using this data above,develop a network for this project.
(Essay)
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Crash time is the longest time it would take to finish an activity if additional resources were allocated.
(True/False)
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Activity A has a standard cost of $500 and the standard time to complete Activity A is 5 weeks.The crash time for Activity A is 3 weeks and the crash cost is $600.What is the crash cost per week for Activity A?
(Multiple Choice)
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Use this information to answer the following questions.
Consider the following Activity-On-Node (AON)project (activity completion times are in days).
-Refer to the figure.What is the slack time,in days,associated with activity D?
(Multiple Choice)
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Use this information to answer the following questions.
Consider the following set of activities.
Immediate Activity Predecessors A - B - C A, B D A, B E C, D F D G E, F H F I F J G, H K H, I L J, K
-Using the data above,develop a network for this project.
(Essay)
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Use this information to answer the following questions.
Consider the following Activity-On-Node (AON)PERT project.The three values that represent each activity's completion time (in days)correspond to an optimistic time,most likely time,and pessimistic time,respectively.
-Refer to the figure.What is the expected completion time of activity A?
(Multiple Choice)
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