Question 1

What is the estimated slack time for activity W?

Accepted Answer

A) 0 days 
B) 25 days 
C) 35 days 
D) 45 days 
E) 85 days 
A) 0 days 
B) 25 days 
C) 35 days 
D) 45 days 
E) 85 days

Question 2

There are four activities on the critical path, and they have standard deviations of 1, 2, 4, and 2 days.The standard deviation of the critical path is:

Accepted Answer

A) 3 
B) 5 
C) 9 
D) 16 
E) 25 
A) 3 
B) 5 
C) 9 
D) 16 
E) 25

Question 3

The task of identifying risks should involve everyone associated with the project.

Accepted Answer

A) True 
 B)False

Question 4

To _____ an activity means to shorten the time it will take.

Accepted Answer

A) Speed 
B) Fund 
C) Crash 
D) Aggregate 
E) Matrix 
A) Speed 
B) Fund 
C) Crash 
D) Aggregate 
E) Matrix

Question 5

Given this information about activity 3-4: ES = 10, EF = 15, LS = 16, and LF = 21, we can determine that the amount of slack associated with the activity is:

Accepted Answer

A) 0 
B) 1 
C) 5 
D) 6 
E) 11 
A) 0 
B) 1 
C) 5 
D) 6 
E) 11

Question 6

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

Accepted Answer

A) 0 days 
B) 2 days 
C) 3 days 
D) 4 days 
E) 12 days 
A) 0 days 
B) 2 days 
C) 3 days 
D) 4 days 
E) 12 days

Question 7

In a project network the critical path is the sequence of activities which has the:

Accepted Answer

A) most activities 
B) most nodes 
C) most events 
D) longest time 
E) greatest variance 
A) most activities 
B) most nodes 
C) most events 
D) longest time 
E) greatest variance

Question 8

The total cost of crashing any one activity should never exceed 20% of the total cost of the original project.

Accepted Answer

A) True 
 B)False

Question 9

Activity C has an early start time of 8, an early finish time of 12, a latest start time of 13, and a latest finish time of 17.Its slack is:

Accepted Answer

A) 0 
B) 1 
C) 4 
D) 5 
E) 9 
A) 0 
B) 1 
C) 4 
D) 5 
E) 9

Question 10

What is the estimated standard deviation (in weeks) for the critical path completion time?

Accepted Answer

The answer of What is the estimated standard deviation (in...

Question 11

The probability that the project will go beyond the desired time is equal to one minus the joint probability that all paths will be completed within the desired time.

Accepted Answer

A) True 
 B)False

Question 12

The expected duration of this project is:

Accepted Answer

A) 13 
B) 15 
C) 20 
D) 52 
E) 81 
A) 13 
B) 15 
C) 20 
D) 52 
E) 81

Question 13

In crashing this project to 18 weeks, which activities (in order of selection) will be reduced?
A.

Accepted Answer

The answer of In crashing this project to 18 weeks,...

Question 14

If two consecutive activities on the same path each have two days of activity slack, this means that each of them can be delayed by two days without delaying the project.

Accepted Answer

A) True 
 B)False

Question 15

The critical path for the network shown is:

Accepted Answer

A) 1-3-6-7 
B) 1-2-4-7 
C) 1-4-7 
D) 1-3-4-7 
E) 1-2-5-7 
A) 1-3-6-7 
B) 1-2-4-7 
C) 1-4-7 
D) 1-3-4-7 
E) 1-2-5-7

Question 16

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

Accepted Answer

A) 2 days 
B) 3 days 
C) 4 days 
D) 16 days 
E) 24 days 
A) 2 days 
B) 3 days 
C) 4 days 
D) 16 days 
E) 24 days

Question 17

If an activity is determined to be on the critical, that means that it, and perhaps other, will affect project ____________.

Accepted Answer

A) direct costs 
B) performance 
C) quality 
D) conflict 
E) duration 
A) direct costs 
B) performance 
C) quality 
D) conflict 
E) duration

Question 18

In PERT, the path with the fewest activities is referred to as the critical path.

Accepted Answer

A) True 
 B)False

Question 19

Most likely time generally is more than optimistic time.

Accepted Answer

A) True 
 B)False

Question 20

Slack time is equal to LS-ES or LF-EF.

Accepted Answer

A) True 
 B)False

Exam 17: Project Management

What is the estimated slack time for activity W?

There are four activities on the critical path, and they have standard deviations of 1, 2, 4, and 2 days.The standard deviation of the critical path is:

The task of identifying risks should involve everyone associated with the project.

To _____ an activity means to shorten the time it will take.

Given this information about activity 3-4: ES = 10, EF = 15, LS = 16, and LF = 21, we can determine that the amount of slack associated with the activity is:

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

In a project network the critical path is the sequence of activities which has the:

The total cost of crashing any one activity should never exceed 20% of the total cost of the original project.

Activity C has an early start time of 8, an early finish time of 12, a latest start time of 13, and a latest finish time of 17.Its slack is:

What is the estimated standard deviation (in weeks) for the critical path completion time?

The probability that the project will go beyond the desired time is equal to one minus the joint probability that all paths will be completed within the desired time.

The expected duration of this project is:

In crashing this project to 18 weeks, which activities (in order of selection) will be reduced? A.

If two consecutive activities on the same path each have two days of activity slack, this means that each of them can be delayed by two days without delaying the project.

The critical path for the network shown is:

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

If an activity is determined to be on the critical, that means that it, and perhaps other, will affect project ____________.

In PERT, the path with the fewest activities is referred to as the critical path.

Most likely time generally is more than optimistic time.

Slack time is equal to LS-ES or LF-EF.

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