Exam 14: Managing Projects
Exam 1: Introduction to Operations and Supply Chain Management67 Questions
Exam 2: Operations and Supply Chain Strategies71 Questions
Exam 3: Process Choice and Layout Decisions in Manufacturing and Services82 Questions
Exam 4: Business Processes71 Questions
Exam 5: Managing Quality58 Questions
Exam 6: Managing Capacity61 Questions
Exam 6: A: Advanced Waiting Line Theory and Simulation Modeling63 Questions
Exam 7: Supply Management82 Questions
Exam 8: Logistics78 Questions
Exam 9: Forecasting69 Questions
Exam 10: Sales and Operations Planning Aggregate Planning68 Questions
Exam 11: Managing Inventory Throughout the Supply Chain69 Questions
Exam 12: Managing Production Across the Supply Chain82 Questions
Exam 12: A: Supply Chain Information Systems54 Questions
Exam 13: Jitlean Production64 Questions
Exam 14: Managing Projects72 Questions
Exam 15: Developing Products and Services75 Questions
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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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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 are listed in the table immediately below. Use this scenario to answer the following questions.
-Refer to the scenario above.Which of these statements is BEST?
(Multiple Choice)
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What is the latest that activity D can start if A lasts 5 days,B lasts 7 days,C lasts 4 days,D lasts 5 days,E lasts 7 days,and F is 6 days long? 
(Multiple Choice)
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The tablet unearthed by the archaeologist revealed an ancient culture's project plan. However, the sands of time had erased much of the information that the table once contained. Use this fragmentary record to unlock the ancient project's secrets and answer the following questions.
-Refer to the scenario above.What is the latest start time for activity K?
(Multiple Choice)
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The budget estimates made during the concept phase are usually accurate to within:
(Multiple Choice)
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The actual work gets done during the ________ phase of a project.
(Short Answer)
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What is the latest that activity B can start if A lasts 35 days,B lasts 5,days C lasts 6 days,and D lasts 7 days? 
(Multiple Choice)
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Construction of the cattery could be distilled to eight distinct steps, from the official groundbreaking ceremony to the cutting of the litterbox ribbon. The activities, their durations and predecessors are shown in the table below. Use this scenario to answer the following questions.
-Refer to the scenario above.What is the slack for activity G?
(Multiple Choice)
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A project is a temporary undertaking designed to achieve a particular organizational goal.
(True/False)
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A(n)________ is a graphical tool used to show a project's progress as time elapses.
(Short Answer)
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Construction of the cattery could be distilled to eight distinct steps, from the official groundbreaking ceremony to the cutting of the litterbox ribbon. The activities, their durations and predecessors are shown in the table below. Use this scenario to answer the following questions.
-Refer to the scenario above.The fastest the project can be completed is:
(Multiple Choice)
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Work on a project's constituent activities begins in the project's:
(Multiple Choice)
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The longest path in a network from the start of a project to the end of a project is the ________.
(Short Answer)
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Which of these needs does the Guide to the Project Management Body of Knowledge NOT serve?
(Multiple Choice)
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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 fixed cost for being on site is $450.What is the lowest total completion cost for the project?

(Multiple Choice)
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A performance or time target for each major group of activities in a project is a(n)________.
(Short Answer)
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A seven activity project has the activity durations (in weeks)and costs shown in the table.It is possible to speed up every one of the activities by paying a little more.What is the least expensive 30-week project? 
(Multiple Choice)
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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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Performance or time targets for each major group of activities in a project are set during the planning phase of a project.
(True/False)
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