Question 1

Project management differs from management of more traditional activities mainly because of:

Accepted Answer

A) its limited time frame 
B) its unique, defined set of activities 
C) (a) and (b) 
D) the requirement for use of the appropriate resources 
E) the need for planning and execution 
A) its limited time frame 
B) its unique, defined set of activities 
C) (a) and (b) 
D) the requirement for use of the appropriate resources 
E) the need for planning and execution

Question 2

Prepare a crashing plan for the following project that will reduce the project duration by three weeks.

Accepted Answer

@#IMG-DLM& First crashed activity is 5-6 for a cos

Question 3

What is the estimated slack time for activity D?

Accepted Answer

A) 0 days 
B) 19 days 
C) 20 days 
D) 79 days 
E) 80 days 
A) 0 days 
B) 19 days 
C) 20 days 
D) 79 days 
E) 80 days

Question 4

The standard deviation of the critical path is equal to the sum of the standard deviations of all of the activities on the critical path.

Accepted Answer

A) True 
 B)False

Question 5

What is the probability that the critical path for this project will be completed within 200 days?

Accepted Answer

A) 0.8413 
B) 0.9544. 
C) 0.9772 
D) 0.9974 
E) 0.9987 
A) 0.8413 
B) 0.9544. 
C) 0.9772 
D) 0.9974 
E) 0.9987

Question 6

The optimum project length in crashing occurs where the cumulative cost of crashing equals savings in the indirect costs.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) 135 days 
B) 145 days 
C) 170 days 
D) 180 days 
E) 255 days 
A) 135 days 
B) 145 days 
C) 170 days 
D) 180 days 
E) 255 days

Question 8

Consider the project depicted by the following A-O-A diagram:

Accepted Answer

@#IMG-DLM& What is the probabi

Question 9

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

Accepted Answer

A) 100 days 
B) 140 days 
C) 199 days 
D) 200 days 
E) 440 days 
A) 100 days 
B) 140 days 
C) 199 days 
D) 200 days 
E) 440 days

Question 10

If the expected length of a path is more than 2.5 standard deviations less than a desired project completion time, the path would not be a factor in assessing the probability of finishing the project on time.

Accepted Answer

A) True 
 B)False

Question 11

Given the network diagram below, determine the probability that the project will finish within 26 weeks of its start.Times on the diagram are in weeks.

Accepted Answer

The answer of Given the network diagram below, determine the...

Question 12

Many activities have slack time; if we add these slack times together, this represents the potential improvement in early completion for the project.

Accepted Answer

A) True 
 B)False

Question 13

A hierarchical (vertical) listing of what must be done during a project is called matrix.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is not typically treated as part of a project life cycle?

Accepted Answer

A) feasibility analysis 
B) planning 
C) maturity 
D) incubation 
E) alternative generation 
A) feasibility analysis 
B) planning 
C) maturity 
D) incubation 
E) alternative generation

Question 15

Which of the following is not an element of the project management triangle?

Accepted Answer

A) cost 
B) schedule 
C) resources 
D) quality 
E) performance objectives 
A) cost 
B) schedule 
C) resources 
D) quality 
E) performance objectives

Question 16

If two consecutive activities have shared slack, this means that each of them can use only half of the slack without delaying completion of the project.

Accepted Answer

A) True 
 B)False

Question 17

In order to determine the probability of timely project completion, it is sometimes necessary to take into account paths other than the critical path.

Accepted Answer

A) True 
 B)False

Question 18

The sum of times of the longest path in a network indicates expected project completion time, and the activities represent the critical activities.

Accepted Answer

A) True 
 B)False

Question 19

Project managers are sometimes able to reduce indirect project costs by increasing direct costs.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) 41 days 
B) 70 days 
C) 100 days 
D) 120 days 
E) 221 days 
A) 41 days 
B) 70 days 
C) 100 days 
D) 120 days 
E) 221 days

Exam 17: Project Management

Project management differs from management of more traditional activities mainly because of:

Prepare a crashing plan for the following project that will reduce the project duration by three weeks.

What is the estimated slack time for activity D?

The standard deviation of the critical path is equal to the sum of the standard deviations of all of the activities on the critical path.

What is the probability that the critical path for this project will be completed within 200 days?

The optimum project length in crashing occurs where the cumulative cost of crashing equals savings in the indirect costs.

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

Consider the project depicted by the following A-O-A diagram:

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

If the expected length of a path is more than 2.5 standard deviations less than a desired project completion time, the path would not be a factor in assessing the probability of finishing the project on time.

Given the network diagram below, determine the probability that the project will finish within 26 weeks of its start.Times on the diagram are in weeks.

Many activities have slack time; if we add these slack times together, this represents the potential improvement in early completion for the project.

A hierarchical (vertical) listing of what must be done during a project is called matrix.

Which of the following is not typically treated as part of a project life cycle?

Which of the following is not an element of the project management triangle?

If two consecutive activities have shared slack, this means that each of them can use only half of the slack without delaying completion of the project.

In order to determine the probability of timely project completion, it is sometimes necessary to take into account paths other than the critical path.

The sum of times of the longest path in a network indicates expected project completion time, and the activities represent the critical activities.

Project managers are sometimes able to reduce indirect project costs by increasing direct costs.

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

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