Exam 14: Managing Projects

A forward pass through a network is used to determine the earliest start times and earliest finish times for each project activity.

A seven activity project has the activity durations (in weeks)and costs shown in the table.The project manager has an overall budget of $20,000,what is the fastest completion time possible?

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.Suppose the duration of only one activity could be halved.Which activity should be halved to have the greatest impact on project completion time?

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 $2,500 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 of crashing and project duration?

The project represented by this network diagram has activity lengths in days and crash costs as shown in the table.What is the cheapest crash cost for the project if the contractor must complete all work in 45 days?

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.Which of these activities has the least slack?

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 duration of activity H?

Most project management software represents a project in AON format.

A project represented by the activities shown in this table must meet a deadline of 51 days.Sketch the network and determine the critical path.Using the crash costs and minimum activity lengths shown in the table,determine which activities to shorten and provide the total cost of finishing this project in 51 days.

Given the earliest and latest finish times for each of these activities,what are the activity lengths?

The Guide to the Project Management Body of Knowledge (PMBOK®)is divided into two main parts,the various business processes that organizations follow in carrying out projects and the nine knowledge areas applicable to nearly all projects.

Key points in a project,such as when a major activity or phase should be completed,are referred to as lodestones.

________ is a technique to shorten the overall length of the project that usually involves a trade-off between time and cost.

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. Use this table to answer the following questions. -Refer to the scenario above.What are the earliest and latest start and finish times for all of these activities?

Complete this table containing earliest and latest start times and activity lengths.

Crashing a project refers to the technique that minimizes completion time of the project.

The project shown below has crash costs as shown in the table.What is the minimum completion cost for this project that has a fixed cost of $1,000 per day?

The professional organization that serves the needs of project management professionals is ________.

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 earliest start time for activity H?

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.One activity has identical earliest finish and latest start times.What is the common number for this unusual activity?