Question 1

Project management software eliminates conflicts when there are shared resources.

Accepted Answer

A) True 
 B)False

Question 2

Path probabilities are calculated by dividing path mean by path standard deviations.

Accepted Answer

A) True 
 B)False

Question 3

The critical path for the network shown is:

Accepted Answer

A) a-c-g 
B) a-d-f-g 
C) a-d-h-i 
D) b-e-f-g 
E) b-e-h-i 
A) a-c-g 
B) a-d-f-g 
C) a-d-h-i 
D) b-e-f-g 
E) b-e-h-i

Question 4

One way that project management differs from management of more traditional activities is because of the limited lifetime of projects.

Accepted Answer

A) True 
 B)False

Question 5

What is the estimated expected (mean) time for Activity E?

Accepted Answer

A) 31 weeks 
B) 38 weeks 
C) 39 weeks 
D) 40 weeks 
E) 43 weeks 
A) 31 weeks 
B) 38 weeks 
C) 39 weeks 
D) 40 weeks 
E) 43 weeks

Question 6

What is the estimated expected (mean) time for project completion?

Accepted Answer

A) 160 days 
B) 170 days 
C) 200 days 
D) 210 days 
E) 300 days 
A) 160 days 
B) 170 days 
C) 200 days 
D) 210 days 
E) 300 days

Question 7

Consider the portion of a project depicted by this graph:   What is the latest start time of activity 6-7 if the latest finish of activity 7-8 is 26, and the latest finish of activity 7-9 is 23?

Accepted Answer

A) 18 
B) 17 
C) 13 
D) 12 
E) 10 
A) 18 
B) 17 
C) 13 
D) 12 
E) 10

Question 8

What is the estimated standard deviation in the time for activity E?

Accepted Answer

A) 0 weeks 
B) 1 week 
C) 2 weeks 
D) 3 weeks 
E) 4 weeks 
A) 0 weeks 
B) 1 week 
C) 2 weeks 
D) 3 weeks 
E) 4 weeks

Question 9

In the project network presented below, numbers on each arrow refer to the expected time and standard deviation in weeks for that particular activity.For example, "8,2" indicates an activity with an expected time of 8 and a standard deviation of two weeks.

Accepted Answer

@#IMG-DLM& For this project, determine each of the

Question 10

The costs associated with risk events tend to be lower near the beginning of a project, and higher near the end of the project.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is not characteristic of good risk management?

Accepted Answer

A) estimating the likelihood of chance events occurring. 
B) planning to eliminate chance events. 
C) identifying potential chance events. 
D) formulating contingency plans in the event of chance events. 
E) analyzing the consequences of chance events. 
A) estimating the likelihood of chance events occurring. 
B) planning to eliminate chance events. 
C) identifying potential chance events. 
D) formulating contingency plans in the event of chance events. 
E) analyzing the consequences of chance events.

Question 12

Activity 4-5 in a network diagram has an optimistic time estimate of five days, a most likely time estimate of seven days, and a pessimistic time estimate of 10 days.Its expected time is approximately:

Accepted Answer

A) 5 
B) 6 
C) 7 
D) 8 
E) 9 
A) 5 
B) 6 
C) 7 
D) 8 
E) 9

Question 13

Which of the following is not true about the use of dummy activities in project networking?

Accepted Answer

A) They preserve the separate identities of activities. 
B) They clarify precedence relationships among activities. 
C) They have an activity time equal to zero. 
D) They have an activity time variance equal to zero. 
E) They are used in activities-on-nodes (AON) network diagrams. 
A) They preserve the separate identities of activities. 
B) They clarify precedence relationships among activities. 
C) They have an activity time equal to zero. 
D) They have an activity time variance equal to zero. 
E) They are used in activities-on-nodes (AON) network diagrams.

Question 14

The higher the node number, the longer the activity will take.

Accepted Answer

A) True 
 B)False

Question 15

A method used for establishing a logical framework for identifying the required activities for the project is called:

Accepted Answer

A) Work breakdown structure 
B) PERT 
C) planning matrix 
D) crashing 
E) critical path analysis 
A) Work breakdown structure 
B) PERT 
C) planning matrix 
D) crashing 
E) critical path analysis

Question 16

Shortening activity durations is called:

Accepted Answer

A) Expediting 
B) Crashing 
C) Vendor management 
D) Null nodes 
E) Trade-off analysis 
A) Expediting 
B) Crashing 
C) Vendor management 
D) Null nodes 
E) Trade-off analysis

Question 17

What is the estimated slack time for activity D?

Accepted Answer

A) 0 days 
B) 30 days 
C) 40 days 
D) 50 days 
E) 100 days 
A) 0 days 
B) 30 days 
C) 40 days 
D) 50 days 
E) 100 days

Question 18

An advantage of Gantt charts in project management is that they identify which activities can be delayed without delaying the overall project.

Accepted Answer

A) True 
 B)False

Question 19

What is the critical path for this project network?

Accepted Answer

Events 1-2

Question 20

What is the total cost of reducing this project by two weeks?

Accepted Answer

Total cost

Exam 17: Project Management

Project management software eliminates conflicts when there are shared resources.

Path probabilities are calculated by dividing path mean by path standard deviations.

The critical path for the network shown is:

One way that project management differs from management of more traditional activities is because of the limited lifetime of projects.

What is the estimated expected (mean) time for Activity E?

What is the estimated expected (mean) time for project completion?

Consider the portion of a project depicted by this graph: What is the latest start time of activity 6-7 if the latest finish of activity 7-8 is 26, and the latest finish of activity 7-9 is 23?

What is the estimated standard deviation in the time for activity E?

In the project network presented below, numbers on each arrow refer to the expected time and standard deviation in weeks for that particular activity.For example, "8,2" indicates an activity with an expected time of 8 and a standard deviation of two weeks.

The costs associated with risk events tend to be lower near the beginning of a project, and higher near the end of the project.

Which of the following is not characteristic of good risk management?

Activity 4-5 in a network diagram has an optimistic time estimate of five days, a most likely time estimate of seven days, and a pessimistic time estimate of 10 days.Its expected time is approximately:

Which of the following is not true about the use of dummy activities in project networking?

The higher the node number, the longer the activity will take.

A method used for establishing a logical framework for identifying the required activities for the project is called:

Shortening activity durations is called:

What is the estimated slack time for activity D?

An advantage of Gantt charts in project management is that they identify which activities can be delayed without delaying the overall project.

What is the critical path for this project network?

What is the total cost of reducing this project by two weeks?

Introduction to Operations Management

Competitiveness, Strategy, and Productivity

Forecasting

Product and Service Design

Strategic Capacity Planning for Products and Services

Process Selection and Facility Layout

Work Design and Measurement

Location Planning and Analysis

Management of Quality

Quality Control

Aggregate Planning and Master Scheduling

MRP and ERP

Inventory Management

Jit and Lean Operations

Supply Chain Management

Scheduling

Management of Waiting Lines

Linear Programming

Extension 4: Reliability

Extension 5: Decision Theory

Extension 7: Learning Curves

Extension 8: The Transportation Model

Extension 10: Acceptance Sampling

Extension 14: Maintenance

Filters