Question 1

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 2

Which of the following is determined as a direct result of computing the earliest starting and finishing times for the activities of a project network?

Accepted Answer

A)  expected project duration 
B)  activity slack time 
C)  which activities are on the critical path 
D)  variance in project duration 
E)  maximum project duration 
A)  expected project duration 
B)  activity slack time 
C)  which activities are on the critical path 
D)  variance in project duration 
E)  maximum project duration

Question 3

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 4

Although PERT and CPM were originally developed independently, they are now nearly identical in terms of analysis and procedures.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A)  32 days 
B)  41 days 
C)  44 days 
D)  42 days 
E)  40 days 
A)  32 days 
B)  41 days 
C)  44 days 
D)  42 days 
E)  40 days

Question 6

Good project management is very important with virtual teams.

Accepted Answer

A) True 
 B)False

Question 7

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 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

Which of the following is not an element of the project management triangle?

Accepted Answer

A)  cost 
B)  schedule 
C)  resources 
D)  quality 
E)  performance objectives 
A)  cost 
B)  schedule 
C)  resources 
D)  quality 
E)  performance objectives

Question 10

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 11

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 12

The total cost of crashing any one activity should never exceed 20 percent of the total cost of the original project.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following stages is that one in which the project's expected costs, benefits, and risks are assessed?

Accepted Answer

A)  executing 
B)  monitoring/controlling 
C)  assessment 
D)  planning 
E)  initiating 
A)  executing 
B)  monitoring/controlling 
C)  assessment 
D)  planning 
E)  initiating

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

Which of the following is determined as a direct result of computing the earliest starting and finishing times for the activities of a project network?

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

Although PERT and CPM were originally developed independently, they are now nearly identical in terms of analysis and procedures.

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

Good project management is very important with virtual teams.

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

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

Which of the following is not an element of the project management triangle?

Shortening activity durations is called:

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

The total cost of crashing any one activity should never exceed 20 percent of the total cost of the original project.

Which of the following stages is that one in which the project's expected costs, benefits, and risks are assessed?

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

Filters

Exam 23: Project Management

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

Which of the following is determined as a direct result of computing the earliest starting and finishing times for the activities of a project network?

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

Although PERT and CPM were originally developed independently, they are now nearly identical in terms of analysis and procedures.

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

Good project management is very important with virtual teams.

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

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

Which of the following is not an element of the project management triangle?

Shortening activity durations is called:

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

The total cost of crashing any one activity should never exceed 20 percent of the total cost of the original project.

Which of the following stages is that one in which the project's expected costs, benefits, and risks are assessed?

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

Filters