Exam 4: Project Management

Here are the data for a time-cost CPM scheduling 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 four days, what is the total time of the project and total cost?

A listing of immediate predecessor activities is important information in a CPM analysis for which of the following reasons?

What are "project milestones?" _________________________________________

You are looking at a chart that has the terms BCWS, BCWP, and AC indicating lines on the chart.What kind of chart are you looking at?

The critical path in a CPM analysis is always the shortest path through the network.

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?

A project can be subdivided into which of the following?

CPM is an abbreviation for critical path method.

Breakthrough projects are those that provide fundamental improvements to existing products.

You have just been assigned to oversee a series of projects.Functional areas will loan you personnel for each project, and separate project managers will be responsible for separate projects.These project managers will report to you.Which project management structure is being used?

A project milestone is a specific event to be reached by a particular point in time.

What is the criterion for determining whether a project activity is on the "critical path" or not?

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 have slack in this project?

Here are the data for a time-cost CPM scheduling 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 four days, what is the total time of the project and total cost? __________________

Earned value management (EVM) has the capability to combine measurements of scope, schedule, and cost in a project.

In CPM, the late start time estimate is the latest time you can start an activity and still keep the entire project on schedule.

The critical path in a CPM analysis is found by locating the activities times with zero slack.

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, what is the latest finish time for the last activity in this project (i.e., the total time to complete the project)?