Question 1

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 2

The probability that the project will go beyond the desired time is equal to one minus the joint probability that all paths will be completed within the desired time.

Accepted Answer

A) True 
 B)False

Question 3

Most likely time generally is at least as long as optimistic time.

Accepted Answer

A) True 
 B)False

Question 4

Activity J has a duration of 7 and an earliest finish time of 21. If J's latest start time is 16, this must mean that J's slack is:

Accepted Answer

A)  7. 
B)  4. 
C)  3. 
D)  2. 
E)  1. 
A)  7. 
B)  4. 
C)  3. 
D)  2. 
E)  1.

Question 5

Which of the following is not characteristic of good risk management?

Accepted Answer

A)  estimating the likelihood of chance events occurring 
B)  planning to eliminate chance events 
C)  identifying potential chance events 
D)  formulating contingency plans for chance events 
E)  analyzing the consequences of chance events 
A)  estimating the likelihood of chance events occurring 
B)  planning to eliminate chance events 
C)  identifying potential chance events 
D)  formulating contingency plans for chance events 
E)  analyzing the consequences of chance events

Question 6

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

Question 7

A project is represented by the following diagram:  
The expected duration of this project is:

Accepted Answer

A)  12. 
B)  17. 
C)  20. 
D)  36. 
E)  77. 
A)  12. 
B)  17. 
C)  20. 
D)  36. 
E)  77.

Question 8

The task of identifying risks should involve everyone associated with the project.

Accepted Answer

A) True 
 B)False

Question 9

The basis for use of the beta distribution in PERT is:

Accepted Answer

A)  essentially theoretical. 
B)  its features that make it attractive in practicE. 
C)  its symmetry. 
D)  It is bimodal. 
E)  It can easily be converted to a normal distribution. 
A)  essentially theoretical. 
B)  its features that make it attractive in practicE. 
C)  its symmetry. 
D)  It is bimodal. 
E)  It can easily be converted to a normal distribution.

Question 10

Which of the following would probably not involve the use of PERT?

Accepted Answer

A)  planning and constructing a new city hall 
B)  developing an advertising campaign for a new product 
C)  designing and constructing a subway system 
D)  writing a poem 
E)  preparing for the visit of a foreign dignitary 
A)  planning and constructing a new city hall 
B)  developing an advertising campaign for a new product 
C)  designing and constructing a subway system 
D)  writing a poem 
E)  preparing for the visit of a foreign dignitary

Question 11

Which of the following is not true about the use of dummy activities in project networking?

Accepted Answer

A)  They preserve the separate identities of activities. 
B)  They clarify precedence relationships among activities. 
C)  They have an activity time equal to zero. 
D)  They have an activity time variance equal to zero. 
E)  They are used in activities-on-nodes (AON) network diagrams. 
A)  They preserve the separate identities of activities. 
B)  They clarify precedence relationships among activities. 
C)  They have an activity time equal to zero. 
D)  They have an activity time variance equal to zero. 
E)  They are used in activities-on-nodes (AON) network diagrams.

Question 12

Which of the following is not a limitation of PERT and similar project-scheduling techniques?

Accepted Answer

A)  They force the manager to organize and quantify information. 
B)  One or more important activities may be omitted from the network. 
C)  Precedence relationships may not all be correct as shown. 
D)  Time estimates may contain a "fudge factor." 
E)  The use of a computer is essential for large projects. 
A)  They force the manager to organize and quantify information. 
B)  One or more important activities may be omitted from the network. 
C)  Precedence relationships may not all be correct as shown. 
D)  Time estimates may contain a "fudge factor." 
E)  The use of a computer is essential for large projects.

Question 13

Slack time is equal to LS-ES or LF-EF.

Accepted Answer

A) True 
 B)False

Question 14

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 15

When developing probabilistic estimates of project duration, it is necessary to know which of the following?

Accepted Answer

A)  the mean and variance of every activity 
B)  the mean and variance of activities on the critical path 
C)  the standard deviation of activities on the critical path 
D)  each activity's probability of completion 
E)  the distribution of activity times 
A)  the mean and variance of every activity 
B)  the mean and variance of activities on the critical path 
C)  the standard deviation of activities on the critical path 
D)  each activity's probability of completion 
E)  the distribution of activity times

Question 16

The higher the node number, the longer the activity will take.

Accepted Answer

A) True 
 B)False

Question 17

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 18

Consider the following work breakdown structure:  
What is the probability that this project will be completed within 130 days?

Accepted Answer

A)  .8413 
B)  .90 
C)  .9544 
D)  .9772 
E)  .9987 
A)  .8413 
B)  .90 
C)  .9544 
D)  .9772 
E)  .9987

Question 19

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 20

Consider the portion of a project depicted by this graph:  
What is the earliest finish time for activity 10-11 (far right-hand side) if the earliest start time of 8-10 (upper left-hand side) is 12 and the earliest start time of 9-10 (lower left-hand side) is 13?

Accepted Answer

A)  22 
B)  23 
C)  24 
D)  25 
E)  26 
A)  22 
B)  23 
C)  24 
D)  25 
E)  26

Exam 23: Project Management

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

The probability that the project will go beyond the desired time is equal to one minus the joint probability that all paths will be completed within the desired time.

Most likely time generally is at least as long as optimistic time.

Activity J has a duration of 7 and an earliest finish time of 21. If J's latest start time is 16, this must mean that J's slack is:

Which of the following is not characteristic of good risk management?

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

A project is represented by the following diagram: The expected duration of this project is:

The task of identifying risks should involve everyone associated with the project.

The basis for use of the beta distribution in PERT is:

Which of the following would probably not involve the use of PERT?

Which of the following is not true about the use of dummy activities in project networking?

Which of the following is not a limitation of PERT and similar project-scheduling techniques?

Slack time is equal to LS-ES or LF-EF.

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

When developing probabilistic estimates of project duration, it is necessary to know which of the following?

The higher the node number, the longer the activity will take.

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

Consider the following work breakdown structure: What is the probability that this project will be completed within 130 days?

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

Consider the portion of a project depicted by this graph: What is the earliest finish time for activity 10-11 (far right-hand side) if the earliest start time of 8-10 (upper left-hand side) is 12 and the earliest start time of 9-10 (lower left-hand side) is 13?

Introduction to Operations Management

Competitiveness

Forecasting

Product and Service Design

RELIABILITY – Static

Strategic Capacity Planning for Products and Services

Decision Theory– Static

Process Selection and Facility Layout

Work Design and Measurement

learning curve– Static

Location Planning and Analysis

The Transportation Model– Static

Management of Quality

Quality Control

Acceptance Sampling– Static

Aggregate Planning and Master Scheduling

MRP and ERP

Inventory Management

JIT and Lean Operations

Maintenance– Static

Supply Chain Management

Scheduling

Management of Waiting Lines

Linear Programming

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