Question 1

The critical path of activities in a project is the sequence of activities that form the shortest chain in a project network of activities.

Accepted Answer

A) True 
 B)False

Question 2

You know when you have arrived at the optimal solution in using the time-cost CPM scheduling model analysis when what happens?

Accepted Answer

A) You have found the critical path. 
B) You have run out of crash time. 
C) You no longer have a linear relationship with costs. 
D) You have reached the minimum total cost. 
E) You have run out of crash costs. 
A) You have found the critical path. 
B) You have run out of crash time. 
C) You no longer have a linear relationship with costs. 
D) You have reached the minimum total cost. 
E) You have run out of crash costs.

Question 3

In the time-cost CPM model, cost is assumed to be a linear function of time.

Accepted Answer

A) True 
 B)False

Question 4

An event unit package is a subdivision of a project.

Accepted Answer

A) True 
 B)False

Question 5

In a CPM analysis, if you subtract the early start from the late start, the result is the activity's slack time.

Accepted Answer

A) True 
 B)False

Question 6

A work breakdown structure is used in project management but it is not used when the critical path method is involved.

Accepted Answer

A) True 
 B)False

Question 7

One of the disadvantages of a pure project organizational structure is that the project manager has full authority over the project.

Accepted Answer

A) True 
 B)False

Question 8

What is the most basic requirement of an EVM system? _____________________________________________________________

Accepted Answer

that it quantify progress usin

Question 9

Slack activity time is the difference between the early start and the late finish of a project activity time.

Accepted Answer

A) True 
 B)False

Question 10

A simple project listing of five activities, their predecessors, and their respective time estimates are presented here:   Using the CPM, which activities have slack in this project?

Accepted Answer

A) A 
B) B 
C) C 
D) D 
E) C and E 
A) A 
B) B 
C) C 
D) D 
E) C and E

Question 11

For an activity in a CPM analysis, the early start time is 8 and the late start time is 10.Which of the following statements is true?

Accepted Answer

A) The late finish is 12. 
B) The early finish is 10. 
C) The slack for this activity is 2. 
D) The duration of this activity is 2. 
E) The activity is on the critical path. 
A) The late finish is 12. 
B) The early finish is 10. 
C) The slack for this activity is 2. 
D) The duration of this activity is 2. 
E) The activity is on the critical path.

Question 12

In a CPM analysis, if you subtract the late finish from the early finish, the result is the activity's slack time.

Accepted Answer

A) True 
 B)False

Question 13

Derivative projects are those that address incremental changes to products or processes.

Accepted Answer

A) True 
 B)False

Question 14

Earned value management (EVM) is a technique for measuring project progress in an objective manner.

Accepted Answer

A) True 
 B)False

Question 15

Calculating the early start and early finish times for each activity in a CPM analysis does not provide any useful information.

Accepted Answer

A) True 
 B)False

Question 16

One of the assumptions made using CPM is that project activity sequence relationships can be specified and networked.

Accepted Answer

A) True 
 B)False

Question 17

One of the advantages of a functional project organizational structure is that a team member can work on several projects.

Accepted Answer

A) True 
 B)False

Question 18

The Gantt chart is an example of a project control chart.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is a graphic project report used in project management?

Accepted Answer

A) Project proposal 
B) Approved project plan 
C) Humphrey chart 
D) Equipment and supplies chart 
E) Cost and performance tracking schedule 
A) Project proposal 
B) Approved project plan 
C) Humphrey chart 
D) Equipment and supplies chart 
E) Cost and performance tracking schedule

Question 20

The fact that organizations are flattening is one of the reasons that project management is important.

Accepted Answer

A) True 
 B)False

Exam 4: Project Management

The critical path of activities in a project is the sequence of activities that form the shortest chain in a project network of activities.

You know when you have arrived at the optimal solution in using the time-cost CPM scheduling model analysis when what happens?

In the time-cost CPM model, cost is assumed to be a linear function of time.

An event unit package is a subdivision of a project.

In a CPM analysis, if you subtract the early start from the late start, the result is the activity's slack time.

A work breakdown structure is used in project management but it is not used when the critical path method is involved.

One of the disadvantages of a pure project organizational structure is that the project manager has full authority over the project.

What is the most basic requirement of an EVM system? _____________________________________________________________

Slack activity time is the difference between the early start and the late finish of a project activity time.

A simple project listing of five activities, their predecessors, and their respective time estimates are presented here: Using the CPM, which activities have slack in this project?

For an activity in a CPM analysis, the early start time is 8 and the late start time is 10.Which of the following statements is true?

In a CPM analysis, if you subtract the late finish from the early finish, the result is the activity's slack time.

Derivative projects are those that address incremental changes to products or processes.

Earned value management (EVM) is a technique for measuring project progress in an objective manner.

Calculating the early start and early finish times for each activity in a CPM analysis does not provide any useful information.

One of the assumptions made using CPM is that project activity sequence relationships can be specified and networked.

One of the advantages of a functional project organizational structure is that a team member can work on several projects.

The Gantt chart is an example of a project control chart.

Which of the following is a graphic project report used in project management?

The fact that organizations are flattening is one of the reasons that project management is important.

Introduction

Strategy

Design of Products and Services

Strategic Capacity Management

Learning Curves

Manufacturing Processes

Facility Layout

Service Processes

Waiting Line Analysis and Simulation

Process Design and Analysis

Six Sigma Quality

Statistical Quality Control

Lean Supply Chains

Logistics Distribution, and Transportation

Global Sourcing and Procurement

Enterprise Resource Planning Systems

Forecasting

Sales and Operations Planning

Inventory Management

Material Requirements Planning

Workcenter Scheduling

Theory of Constraints

Health Care

Operations Consulting

Filters