Question 1

Some of the advantages of a functional project where the project is housed in a functional division include which of the following?

Accepted Answer

A) The project manager has full authority over the project. 
B) Team pride, motivation, and commitment are high. 
C) A team member can work on several projects. 
D) Needs of the client are secondary. 
E) None of these 
A) The project manager has full authority over the project. 
B) Team pride, motivation, and commitment are high. 
C) A team member can work on several projects. 
D) Needs of the client are secondary. 
E) None of these

Question 2

Upper-level management must decide between pure, functional, and matrix structures as ways to organize projects.

Accepted Answer

A) True 
 B)False

Question 3

The valuations in an earned value management analysis must be either profits or revenue.

Accepted Answer

A) True 
 B)False

Question 4

Using the time-cost CPM model, the crash time is the shortest possible time allowed for each activity in the project.

Accepted Answer

A) True 
 B)False

Question 5

The critical path in a project is that sequence of activities that consume the longest amount of time in a project network of activities.

Accepted Answer

A) True 
 B)False

Question 6

A simple project listing of five activities and their respective time estimates are presented here:   Using CPM, which activities make up the critical path?

Accepted Answer

A) A, C, D, E 
B) A, B, D, E 
C) A, C, B, D, E 
D) A, D, E 
E) None of these 
A) A, C, D, E 
B) A, B, D, E 
C) A, C, B, D, E 
D) A, D, E 
E) None of these

Question 7

The project indirect costs associated with a project include overhead, facilities, and resource opportunity costs.

Accepted Answer

A) True 
 B)False

Question 8

A matrix project structure is often referred to as a "skunkworks."

Accepted Answer

A) True 
 B)False

Question 9

Project management software available today combines CPM and other scheduling aids, like Gantt charting, to aid in tracking progress of project completion.

Accepted Answer

A) True 
 B)False

Question 10

One of the assumptions made using CPM is that project activities can be identified with clear beginning and ending points.

Accepted Answer

A) True 
 B)False

Question 11

In a Gantt chart, the horizontal axis is usually which of the following?

Accepted Answer

A) Activities 
B) Cost 
C) Profit 
D) Time 
E) Milestones 
A) Activities 
B) Cost 
C) Profit 
D) Time 
E) Milestones

Question 12

A simple project listing of five activities, their predecessors, and their respective time estimates are presented here:   Using CPM, what is the latest finish time for the last activity in this project (i.e., the total time to complete the project)?

Accepted Answer

A) 10 days 
B) 7 days 
C) 8 days 
D) 12 days 
E) 9 days 
A) 10 days 
B) 7 days 
C) 8 days 
D) 12 days 
E) 9 days

Question 13

Describe how CPM handles the trade-offs between time and cost in the scheduling of a project.

Accepted Answer

In this question, it is assumed that the

Question 14

A matrix project attempts to blend properties of functional and pure project structures.

Accepted Answer

A) True 
 B)False

Question 15

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.At what day do we achieve the lowest total project cost (i.e., direct plus indirect costs)?

Accepted Answer

A)  16 days 
B)  15 days 
C)  14 days 
D)  13 days 
E)  12 days 
A)  16 days 
B)  15 days 
C)  14 days 
D)  13 days 
E)  12 days

Question 16

You have just performed a CPM analysis and have found that more than one path through the project network has zero slack values.What can you conclude?

Accepted Answer

A) You have incorrectly performed the analysis. 
B) You have multiple critical paths. 
C) Only one path is optimal. 
D) More than one path is optimal. 
E) The project will not be completed by the desired time. 
A) You have incorrectly performed the analysis. 
B) You have multiple critical paths. 
C) Only one path is optimal. 
D) More than one path is optimal. 
E) The project will not be completed by the desired time.

Question 17

PERT is an abbreviation for which of the following methodologies?

Accepted Answer

A) Product evaluation, result, and treatment 
B) Programming and evaluation realization technology 
C) Program evaluation and review technique 
D) Process evaluation and review technology 
E) It is a name, not an abbreviation for anything. 
A) Product evaluation, result, and treatment 
B) Programming and evaluation realization technology 
C) Program evaluation and review technique 
D) Process evaluation and review technology 
E) It is a name, not an abbreviation for anything.

Question 18

A company must perform a maintenance project consisting of seven activities.The activities, their predecessors, and their respective time estimates are presented here:   Using CPM, which activities make up the critical path?

Accepted Answer

A) A, B, D, F, G 
B) A, C, E, F, G 
C) A, C, B, F, E 
D) A, D, E 
E) None of these 
A) A, B, D, F, G 
B) A, C, E, F, G 
C) A, C, B, F, E 
D) A, D, E 
E) None of these

Question 19

You have the following time and cost information for use in a time-cost CPM scheduling model.   What are the three costs per unit of time to expedite each activity?

Accepted Answer

A) A = $300, B = $200, C = $300 
B) A = $100, B = $200, C = $400 
C) A = $200, B = $200, C = $200 
D) A = $100, B = $400, C = $300 
E) A = $200, B = $300, C = $400 
A) A = $300, B = $200, C = $300 
B) A = $100, B = $200, C = $400 
C) A = $200, B = $200, C = $200 
D) A = $100, B = $400, C = $300 
E) A = $200, B = $300, C = $400

Question 20

An advantage of a pure project where self-contained teams work full time on a project is which of the following?

Accepted Answer

A) Team members can work on several projects. 
B) Functional area is a "home" after the project is completed. 
C) There are duplicated resources. 
D) Lines of communication are shortened. 
E) Overall organizational policies and goals can be ignored. 
A) Team members can work on several projects. 
B) Functional area is a "home" after the project is completed. 
C) There are duplicated resources. 
D) Lines of communication are shortened. 
E) Overall organizational policies and goals can be ignored.

Exam 4: Project Management

Some of the advantages of a functional project where the project is housed in a functional division include which of the following?

Upper-level management must decide between pure, functional, and matrix structures as ways to organize projects.

The valuations in an earned value management analysis must be either profits or revenue.

Using the time-cost CPM model, the crash time is the shortest possible time allowed for each activity in the project.

The critical path in a project is that sequence of activities that consume the longest amount of time in a project network of activities.

A simple project listing of five activities and their respective time estimates are presented here: Using CPM, which activities make up the critical path?

The project indirect costs associated with a project include overhead, facilities, and resource opportunity costs.

A matrix project structure is often referred to as a "skunkworks."

Project management software available today combines CPM and other scheduling aids, like Gantt charting, to aid in tracking progress of project completion.

One of the assumptions made using CPM is that project activities can be identified with clear beginning and ending points.

In a Gantt chart, the horizontal axis is usually which of the following?

A simple project listing of five activities, their predecessors, and their respective time estimates are presented here: Using CPM, what is the latest finish time for the last activity in this project (i.e., the total time to complete the project)?

Describe how CPM handles the trade-offs between time and cost in the scheduling of a project.

A matrix project attempts to blend properties of functional and pure project structures.

You have just performed a CPM analysis and have found that more than one path through the project network has zero slack values.What can you conclude?

PERT is an abbreviation for which of the following methodologies?

A company must perform a maintenance project consisting of seven activities.The activities, their predecessors, and their respective time estimates are presented here: Using CPM, which activities make up the critical path?

You have the following time and cost information for use in a time-cost CPM scheduling model. What are the three costs per unit of time to expedite each activity?

An advantage of a pure project where self-contained teams work full time on a project is which of the following?

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