Question 1

Project management can be defined as planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project.

Accepted Answer

A) True 
 B)False  True

Question 2

Here are the data for a time-cost CPM scheduling model analysis.The time is in days and the costs include both direct and indirect costs.   If you crash this project to reduce the total time by one day, what is the total time of the project and total cost?

Accepted Answer

A) Total time is 13 days, total cost is $1,500. 
B) Total time is 12 days, total cost is $2,000. 
C) Total time is 12 days, total cost is $2,300. 
D) Total time is 11 days, total cost is $1,850. 
E) Total time is 11 days, total cost is $2,350. 
A) Total time is 13 days, total cost is $1,500. 
B) Total time is 12 days, total cost is $2,000. 
C) Total time is 12 days, total cost is $2,300. 
D) Total time is 11 days, total cost is $1,850. 
E) Total time is 11 days, total cost is $2,350. D

Question 3

The activity direct costs associated with a project might include giving workers overtime to complete a project in less than the expected time.

Accepted Answer

A) True 
 B)False  True

Question 4

When reducing the planned duration of a project using the time-cost CPM model, we select the activity to crash by determining the cost of each alternative and selecting the one whose cost is the greatest.

Accepted Answer

A) True 
 B)False

Question 5

A project may be defined as a series of related jobs directed toward some major output and requiring a significant period of time to perform.

Accepted Answer

A) True 
 B)False

Question 6

The second step in managing a project is writing the statement of work.

Accepted Answer

A) True 
 B)False

Question 7

A project starts out as which of the following?

Accepted Answer

A) A statement of work 
B) Critical path method (CPM) 
C) A series of milestones 
D) A Gantt chart 
E) A latest-start-time estimate 
A) A statement of work 
B) Critical path method (CPM) 
C) A series of milestones 
D) A Gantt chart 
E) A latest-start-time estimate

Question 8

Complex projects are often subdivided into a series of tasks that are typically configured to be not longer than several months in duration.

Accepted Answer

A) True 
 B)False

Question 9

What do the initials EVM stand for? _______________________________________

Accepted Answer

earned value managem

Question 10

What is a work breakdown structure?

Accepted Answer

A) A list of the activities making up the higher levels of the project 
B) A definition of the hierarchy of project tasks, subtasks, and work packages 
C) A depiction of the activities making up a project 
D) A Gantt chart 
E) A structure that is incompatible with the critical path method 
A) A list of the activities making up the higher levels of the project 
B) A definition of the hierarchy of project tasks, subtasks, and work packages 
C) A depiction of the activities making up a project 
D) A Gantt chart 
E) A structure that is incompatible with the critical path method

Question 11

What is that sequence of activities that consume the longest amount of time in a project network of activities called? _______________________________

Accepted Answer

the critical path
Explanation:

Question 12

A disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.

Accepted Answer

A) True 
 B)False

Question 13

You are managing a project and need to cut the cost of the project.You decide to transfer workers to another job to cut the project's costs.Costs associated with transferring the workers are an example of project indirect costs.

Accepted Answer

A) True 
 B)False

Question 14

You have collected the data for a time-cost CPM scheduling model analysis.The time is in days and the project "direct costs" are given here.   The indirect costs for the project are determined on a daily duration basis.If the project lasts 16 days, the total indirect costs are $400; 15 days, they will be $250; 14 days, they will be $200; and 13 days, they will be $100.If you crash this project by one day what is the total (i.e., direct and indirect) project cost? ____________________ 
E.A costs $100/day to crash, D costs $150/day to crash, and E costs $400/day to crash.Reducing the duration of A by one day at an additional cost of $100 is the most economical.Direct costs are now $400 + $100 + $200 + $400 + $500 + $200 + $100 = $1,900.Overall duration of the project is 15 days, and indirect costs are $250.The total cost of crashing this project for one day is $2,150.

Accepted Answer

$2,150
Explanation: The critical path is

Question 15

In CPM analysis, it is generally expected that the relationship between activity direct costs and project indirect costs will be which of the following?

Accepted Answer

A) Positively related 
B) Optimally related 
C) Negatively related 
D) Not related 
E) Fractionally related 
A) Positively related 
B) Optimally related 
C) Negatively related 
D) Not related 
E) Fractionally related

Question 16

For an activity in a CPM analysis, the early finish time is 20 and the late finish time is 20.Which of the following statements is true?

Accepted Answer

A) The activity's late start must happen before its early start. 
B) The activity is on the critical path. 
C) The slack for this activity is 20. 
D) The duration of this task is zero. 
E) The duration of this task is 20. 
A) The activity's late start must happen before its early start. 
B) The activity is on the critical path. 
C) The slack for this activity is 20. 
D) The duration of this task is zero. 
E) The duration of this task is 20.

Question 17

A series of projects that are organized in such a way that each project utilizes people from different functional areas is using which of the following organizational structures?

Accepted Answer

A) Matrix project 
B) Integrated task force 
C) Functional project 
D) Pure project 
E) Cross-functional flexible team 
A) Matrix project 
B) Integrated task force 
C) Functional project 
D) Pure project 
E) Cross-functional flexible team

Question 18

Popular project management software used in mid-sized projects is

Accepted Answer

A) Microsoft Word. 
B) Microsoft Primavera. 
C) Microsoft Project. 
D) Microsoft Excel. 
E) None of these 
A) Microsoft Word. 
B) Microsoft Primavera. 
C) Microsoft Project. 
D) Microsoft Excel. 
E) None of these

Question 19

Here are the data for a time-cost CPM scheduling model analysis.The time is in days and the costs include both direct and indirect costs.   What are the total time of this project and total normal cost?

Accepted Answer

A) Total time is 13 days, total cost is $1,200. 
B) Total time is 12 days, total cost is $1,700. 
C) Total time is 11 days, total cost is $1,600. 
D) Total time is 10 days, total cost is $1,750. 
E) Total time is 9 days, total cost is $1,700. 
A) Total time is 13 days, total cost is $1,200. 
B) Total time is 12 days, total cost is $1,700. 
C) Total time is 11 days, total cost is $1,600. 
D) Total time is 10 days, total cost is $1,750. 
E) Total time is 9 days, total cost is $1,700.

Question 20

You have been placed in charge of a large project.Shortened communication lines are required to ensure quick resolution of problems as they arise.You recognize that the project is going to take a lot of time and require a lot of team pride, motivation, and commitment by all members.Which project management structure should you use in this situation?

Accepted Answer

A) Pure project 
B) Task force 
C) Matrix project 
D) Functional project 
E) PERT 
A) Pure project 
B) Task force 
C) Matrix project 
D) Functional project 
E) PERT

Exam 4: Project Management

Project management can be defined as planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project.

Here are the data for a time-cost CPM scheduling model analysis.The time is in days and the costs include both direct and indirect costs. If you crash this project to reduce the total time by one day, what is the total time of the project and total cost?

The activity direct costs associated with a project might include giving workers overtime to complete a project in less than the expected time.

When reducing the planned duration of a project using the time-cost CPM model, we select the activity to crash by determining the cost of each alternative and selecting the one whose cost is the greatest.

A project may be defined as a series of related jobs directed toward some major output and requiring a significant period of time to perform.

The second step in managing a project is writing the statement of work.

A project starts out as which of the following?

Complex projects are often subdivided into a series of tasks that are typically configured to be not longer than several months in duration.

What do the initials EVM stand for? _______________________________________

What is a work breakdown structure?

What is that sequence of activities that consume the longest amount of time in a project network of activities called? _______________________________

A disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.

You are managing a project and need to cut the cost of the project.You decide to transfer workers to another job to cut the project's costs.Costs associated with transferring the workers are an example of project indirect costs.

In CPM analysis, it is generally expected that the relationship between activity direct costs and project indirect costs will be which of the following?

For an activity in a CPM analysis, the early finish time is 20 and the late finish time is 20.Which of the following statements is true?

A series of projects that are organized in such a way that each project utilizes people from different functional areas is using which of the following organizational structures?

Popular project management software used in mid-sized projects is

Here are the data for a time-cost CPM scheduling model analysis.The time is in days and the costs include both direct and indirect costs. What are the total time of this project and total normal cost?

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