Exam 16: Managing Projects

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This Gantt chart can be used to show: This Gantt chart can be used to show:

(Multiple Choice)
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What are the early and late start and finish times for all of these activities?

(Short Answer)
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There are more resources required during the performance phase of a project than the project definition phase.

(True/False)
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For critical path activities,slack is ________.

(Short Answer)
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The earliest finish time of an activity is always later than its latest start time.

(True/False)
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The earliest start time of an activity is dependent on the earliest finish time of its immediate predecessors.

(True/False)
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Your authors argue that the increasing numbers of middle management are attributable to their ability to manage projects.

(True/False)
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A project is a one-time undertaking designed to achieve a particular organization goal.

(True/False)
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Complete this table containing early and late start times and activity lengths. Complete this table containing early and late start times and activity lengths.

(Short Answer)
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A hatmaker,fresh off a very successful showing at Lidzapalooza is excited about the prospects of providing the finest chapeaus to meet the needs of his energized customer base in the coming year.He and his space designer have identified seven activities that are necessary to expand his small shop.For the sake of simplicity,and to avoid giving away any trade secrets,the activities have been identified by letters A-G.The activities,their time estimates,and the precedence requirements structure are listed in the table immediately below. A hatmaker,fresh off a very successful showing at Lidzapalooza is excited about the prospects of providing the finest chapeaus to meet the needs of his energized customer base in the coming year.He and his space designer have identified seven activities that are necessary to expand his small shop.For the sake of simplicity,and to avoid giving away any trade secrets,the activities have been identified by letters A-G.The activities,their time estimates,and the precedence requirements structure are listed in the table immediately below.    -Develop a Gantt chart for this project and indicate the finish times for each activity. -Develop a Gantt chart for this project and indicate the finish times for each activity.

(Essay)
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During the ________,project planners identify how to accomplish the work,how to organize for the project,and the key personnel and resources needed.

(Short Answer)
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The project represented by this network diagram has activity lengths in days and crash costs as shown in the table. The project represented by this network diagram has activity lengths in days and crash costs as shown in the table.      -You have been given a budget of $2500 and instructed to complete the project as quickly as you can using that amount.Which activities do you expedite and what is the final cost and project duration? The project represented by this network diagram has activity lengths in days and crash costs as shown in the table.      -You have been given a budget of $2500 and instructed to complete the project as quickly as you can using that amount.Which activities do you expedite and what is the final cost and project duration? -You have been given a budget of $2500 and instructed to complete the project as quickly as you can using that amount.Which activities do you expedite and what is the final cost and project duration?

(Essay)
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In the project definition phase,project planners identify,among other tasks,how to accomplish the work and how to organize for the project.

(True/False)
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The actual work gets done during the ________ phase of a project.

(Short Answer)
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The BEST use of a Gantt chart is to show precedence requirements for a project's constituent activities.

(True/False)
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Program evaluation and review technique,PERT,is a network-based technique in which there are multiple time estimates for each activity.

(True/False)
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The longest path in a network from the start of a project to the end of a project is ________.

(Short Answer)
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A hatmaker,fresh off a very successful showing at Lidzapalooza is excited about the prospects of providing the finest chapeaus to meet the needs of his energized customer base in the coming year.He and his space designer have identified seven activities that are necessary to expand his small shop.For the sake of simplicity,and to avoid giving away any trade secrets,the activities have been identified by letters A-G.The activities,their time estimates,and the precedence requirements structure are listed in the table immediately below. A hatmaker,fresh off a very successful showing at Lidzapalooza is excited about the prospects of providing the finest chapeaus to meet the needs of his energized customer base in the coming year.He and his space designer have identified seven activities that are necessary to expand his small shop.For the sake of simplicity,and to avoid giving away any trade secrets,the activities have been identified by letters A-G.The activities,their time estimates,and the precedence requirements structure are listed in the table immediately below.    -Which of the activities in this project has the greatest amount of slack?  -Which of the activities in this project has the greatest amount of slack? A hatmaker,fresh off a very successful showing at Lidzapalooza is excited about the prospects of providing the finest chapeaus to meet the needs of his energized customer base in the coming year.He and his space designer have identified seven activities that are necessary to expand his small shop.For the sake of simplicity,and to avoid giving away any trade secrets,the activities have been identified by letters A-G.The activities,their time estimates,and the precedence requirements structure are listed in the table immediately below.    -Which of the activities in this project has the greatest amount of slack?

(Multiple Choice)
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Key points in a project,such as when a major activity or phase is completed,are referred to as lodestones.

(True/False)
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A(n)________ is a graphical tool that should be used to show a project's progress as time elapses.

(Short Answer)
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