Question 1

By their very nature, projects have a limited lifetime, and that sets project management apart from the management of more traditional activities.

Accepted Answer

A) True 
 B)False

Question 2

A project manager is interested in crashing a project with variable activity times. Which of the following tools should he/she employ?

Accepted Answer

A)  PERT 
B)  CPM 
C)  Gantt Chart 
D)  either PERT or CPM 
E)  PERT, CPM, or a Gantt chart are fine 
A)  PERT 
B)  CPM 
C)  Gantt Chart 
D)  either PERT or CPM 
E)  PERT, CPM, or a Gantt chart are fine

Question 3

Draw the AOA and AON networks for the following project and calculate the minimum project duration.
 $$\begin{array} { | c | c | c | } 
\hline \text { Activity } & \begin{array} { c } 
\text { Duration } \
\text { (days) }
\end{array} & \begin{array} { c } 
\text { Immediate } \
\text { Predecessors }
\end{array} \
\hline \text { A } & 10 & - - \
\hline \text { B } & 8 & - - \
\hline \text { C } & 2 & \mathrm {~A} \
\hline \text { D } & 4 & \mathrm {~A} \
\hline \text { E } & 5 & \mathrm {~B} , \mathrm { C } , \mathrm { D } \
\hline
\end{array}$$

Accepted Answer

AON
 @#IMG-DLM& 
AOA
 @#IMG-DLM& Minimum

Question 4

The shortest of all paths through the network is the critical path.

Accepted Answer

A) True 
 B)False

Question 5

Consider the network presented in the following table. Calculate
a. All possible paths
b. The critical path
c. The slack available at any non-critical points
d. The minimum project duration
 $\begin{array}{|c|c|c|}
\hline\text { Task } & \begin{array}{c}
\text { Duration } \
\text { (Days) }
\end{array} & \begin{array}{c}
\text { Immediate } \
\text { Predecessors }
\end{array} \
\hline \text { A } & 5 & \text { None } \
\hline \text { B } & 3 & \text { A } \
\hline \text { C } & 4 & \text { A } \
\hline \text { D } & 2 & \text { C } \
\hline \text { E } & 1 & \text { B,D } \
\hline
\end{array}$

Accepted Answer

@#IMG-DLM& 
(A) Two paths are possible, ACDE and A

Question 6

__________ is decreasing activity time in a network to reduce time on the critical path so total completion time is reduced.

Accepted Answer

The answer of __________ is decreasing activity time in a...

Question 7

__________ is a network technique using only one time factor per activity that enables managers to schedule, monitor, and control large and complex projects.

Accepted Answer

Critical p

Question 8

The expected activity time in PERT analysis is calculated as

Accepted Answer

A)  the simple average of the optimistic, pessimistic, and most likely times 
B)  the weighted average of a, m, and b, with m weighted 4 times as heavily as a and b 
C)  the sum of the optimistic, pessimistic, and most likely times 
D)  the sum of the optimistic, pessimistic, and most likely times, divided by six 
E)  the sum of the activity variances, divided by six 
A)  the simple average of the optimistic, pessimistic, and most likely times 
B)  the weighted average of a, m, and b, with m weighted 4 times as heavily as a and b 
C)  the sum of the optimistic, pessimistic, and most likely times 
D)  the sum of the optimistic, pessimistic, and most likely times, divided by six 
E)  the sum of the activity variances, divided by six

Question 9

The network below represents a project being analyzed by Critical Path Methods. Activity durations are indicated on the network.
   
a. Identify the activities on the critical path.
b. What is the duration of the critical path?
c. Calculate the amount of slack time at activity H.
d. If activity I were delayed by ten time units, what would be the impact on the project duration?

Accepted Answer

(a) Critical activities are A-

Question 10

What is the objective of critical path analysis?

Accepted Answer

Critical path analysis determines the lo

Question 11

One phase of a large project is scheduling.

Accepted Answer

A) True 
 B)False

Question 12

PERT calculations typically include the duration variance of each activity. What is the purpose of this calculation-what's the role of variances in PERT analysis?

Accepted Answer

The activity variances influence the pro

Question 13

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

Question 14

The Beta distribution is used in project management to

Accepted Answer

A)  determine which activity should be crashed 
B)  calculate the probability that a project will be completed within its budget 
C)  calculate expected activity times 
D)  calculate slack for activities on the critical path 
E)  none of the above 
A)  determine which activity should be crashed 
B)  calculate the probability that a project will be completed within its budget 
C)  calculate expected activity times 
D)  calculate slack for activities on the critical path 
E)  none of the above

Question 15

Which of the following statements regarding project management is False?

Accepted Answer

A)  Gantt charts give a timeline for each of a project's activities, but they do not adequately illustrate the interrelationships between the activities and the resources. 
B)  A project organization works best for a project that is temporary but critical to the organization. 
C)  A project organization works well when the work contains simple, independent tasks. 
D)  Gantt charts and PERT/CPM are never used together. 
E)  All of the above are False. 
A)  Gantt charts give a timeline for each of a project's activities, but they do not adequately illustrate the interrelationships between the activities and the resources. 
B)  A project organization works best for a project that is temporary but critical to the organization. 
C)  A project organization works well when the work contains simple, independent tasks. 
D)  Gantt charts and PERT/CPM are never used together. 
E)  All of the above are False.

Question 16

What is the basic difference between PERT and CPM?

Accepted Answer

The basic difference between P

Question 17

A code of ethics especially for project managers

Accepted Answer

A)  has been established by the Project Management Institute 
B)  has been formulated by the Federal government 
C)  has been formulated by the World Trade Organization 
D)  is inappropriate, since everyone should use the same guidance on ethical issues 
E)  does not exist at this time 
A)  has been established by the Project Management Institute 
B)  has been formulated by the Federal government 
C)  has been formulated by the World Trade Organization 
D)  is inappropriate, since everyone should use the same guidance on ethical issues 
E)  does not exist at this time

Question 18

Every network has at least one critical path.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following statements regarding CPM networks is true?

Accepted Answer

A)  There can be multiple critical paths on the same project, all with different durations. 
B)  The early finish of an activity is the latest early start of all preceding activities. 
C)  The late start of an activity is its late finish plus its duration. 
D)  If a specific project has multiple critical paths, all of them will have the same duration. 
E)  All of the above are False. 
A)  There can be multiple critical paths on the same project, all with different durations. 
B)  The early finish of an activity is the latest early start of all preceding activities. 
C)  The late start of an activity is its late finish plus its duration. 
D)  If a specific project has multiple critical paths, all of them will have the same duration. 
E)  All of the above are False.

Question 20

A project organization works best for an organization when the project resides in only one of its functional areas.

Accepted Answer

A) True 
 B)False

Exam 3: Project Management

By their very nature, projects have a limited lifetime, and that sets project management apart from the management of more traditional activities.

A project manager is interested in crashing a project with variable activity times. Which of the following tools should he/she employ?

Draw the AOA and AON networks for the following project and calculate the minimum project duration. Activity Duration (days) Immediate Predecessors A 10 -- B 8 -- C 2 D 4 E 5 ,,

The shortest of all paths through the network is the critical path.

Consider the network presented in the following table. Calculate a. All possible paths b. The critical path c. The slack available at any non-critical points d. The minimum project duration Task Duration (Days) Immediate Predecessors A 5 None B 3 A C 4 A D 2 C E 1 B,D

__________ is decreasing activity time in a network to reduce time on the critical path so total completion time is reduced.

__________ is a network technique using only one time factor per activity that enables managers to schedule, monitor, and control large and complex projects.

The expected activity time in PERT analysis is calculated as

What is the objective of critical path analysis?

One phase of a large project is scheduling.

PERT calculations typically include the duration variance of each activity. What is the purpose of this calculation-what's the role of variances in PERT analysis?

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

The Beta distribution is used in project management to

Which of the following statements regarding project management is False?

What is the basic difference between PERT and CPM?

A code of ethics especially for project managers

Every network has at least one critical path.

Which of the following statements regarding CPM networks is true?

A project organization works best for an organization when the project resides in only one of its functional areas.

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