Question 1

The project management strategy of injecting additional resources in order to reduce the length of the project is called:

Accepted Answer

A) expediting 
B) rushing 
C) panicking 
D) crashing 
E) loading 
A) expediting 
B) rushing 
C) panicking 
D) crashing 
E) loading

Question 2

What is the probability that the critical path for this project will be completed within 52 weeks?

Accepted Answer

A) 0.1554 
B) 0.3108 
C) 0.3466 
D) 0.6554 
E) 0.8277 
A) 0.1554 
B) 0.3108 
C) 0.3466 
D) 0.6554 
E) 0.8277

Question 3

Which of the following are advantages of PERT? (I) It is visual.
(II) It is automatically updated.
(III) Activities that need to be watched closely can be identified.

Accepted Answer

A) I and II 
B) II and III 
C) III only 
D) I and III 
E) I, II, and III 
A) I and II 
B) II and III 
C) III only 
D) I and III 
E) I, II, and III

Question 4

What is the probability that this project will be completed within 205 days?

Accepted Answer

A) 0.6826 
B) 0.8413 
C) 0.9544 
D) 0.9772 
E) 0.9987 
A) 0.6826 
B) 0.8413 
C) 0.9544 
D) 0.9772 
E) 0.9987

Question 5

A project has the activities and activity times (days) listed below.Determine the probability that the project will require more than 15 days from start to finish.

Accepted Answer

@#IMG-DLM& @#IMG-DLM& The probability of this proj

Question 6

The network diagram describes sequential relationships among major activities on a project.

Accepted Answer

A) True 
 B)False

Question 7

Determine the amount of slack in each of a project's activities (presented below), and identify those that are on the critical path.

Accepted Answer

@#IMG-DLM& @#IMG-DLM& The crit

Question 8

Using the information given in the following table:
(A) Identify the critical path.
(B) Determine expected project duration.

Accepted Answer

@#IMG-DLM& (A) The critical pa

Question 9

What is the probability that this project will be completed within 130 days?

Accepted Answer

A) .8413 
B) .90 
C) .9544 
D) .9772 
E) .9987 
A) .8413 
B) .90 
C) .9544 
D) .9772 
E) .9987

Question 10

What is the probability that this project will take more than 10 weeks to complete if the activity means and standard deviations are as shown below:

Accepted Answer

@#IMG-DLM& @#IMG-DLM& Prob(duration exce

Question 11

The probability of occurrence of risk events is lower near the beginning of a project and higher near the end of the project since very few activities remain.

Accepted Answer

A) True 
 B)False

Question 12

A hierarchical listing of what must be done in a project is called:

Accepted Answer

A) work breakdown structure (WBS) 
B) PERT 
C) planning matrix 
D) crashing 
E) critical path 
A) work breakdown structure (WBS) 
B) PERT 
C) planning matrix 
D) crashing 
E) critical path

Question 13

Once a project is underway, the project manager usually is not responsible for effectively managing:

Accepted Answer

A) the people 
B) costs 
C) resources 
D) time 
E) project priority 
A) the people 
B) costs 
C) resources 
D) time 
E) project priority

Question 14

Gantt charts are most closely associated with

Accepted Answer

A) JIT 
B) PERT 
C) MRP 
D) MRPII 
E) Six Sigma 
A) JIT 
B) PERT 
C) MRP 
D) MRPII 
E) Six Sigma

Question 15

What is the probability that the critical path for this project will be completed within 75 weeks? 80 weeks? 85 weeks? 90 weeks?

Accepted Answer

.5; .8413;

Question 16

In PERT, the expected project duration will never exceed the expected duration of the critical path.

Accepted Answer

A) True 
 B)False

Question 17

A Gantt chart is built using established precedence relationships.

Accepted Answer

A) True 
 B)False

Question 18

Some organizations use a matrix organization to integrate the activities of specialists within a functional framework.

Accepted Answer

A) True 
 B)False

Question 19

Activity E has an optimistic time of 9 days, a most likely time of 12 days, and a pessimistic time of 15 days.Estimate its expected time and standard deviation.

Accepted Answer

The answer of Activity E has an optimistic time of...

Question 20

Once a project is approved and underway, project managers are only responsible for effectively managing time and costs which, if done well, will assure project completion on time and on budget.

Accepted Answer

A) True 
 B)False

Exam 17: Project Management

The project management strategy of injecting additional resources in order to reduce the length of the project is called:

What is the probability that the critical path for this project will be completed within 52 weeks?

Which of the following are advantages of PERT? (I) It is visual. (II) It is automatically updated. (III) Activities that need to be watched closely can be identified.

What is the probability that this project will be completed within 205 days?

A project has the activities and activity times (days) listed below.Determine the probability that the project will require more than 15 days from start to finish.

The network diagram describes sequential relationships among major activities on a project.

Determine the amount of slack in each of a project's activities (presented below), and identify those that are on the critical path.

Using the information given in the following table: (A) Identify the critical path. (B) Determine expected project duration.

What is the probability that this project will be completed within 130 days?

What is the probability that this project will take more than 10 weeks to complete if the activity means and standard deviations are as shown below:

The probability of occurrence of risk events is lower near the beginning of a project and higher near the end of the project since very few activities remain.

A hierarchical listing of what must be done in a project is called:

Once a project is underway, the project manager usually is not responsible for effectively managing:

Gantt charts are most closely associated with

What is the probability that the critical path for this project will be completed within 75 weeks? 80 weeks? 85 weeks? 90 weeks?

In PERT, the expected project duration will never exceed the expected duration of the critical path.

A Gantt chart is built using established precedence relationships.

Some organizations use a matrix organization to integrate the activities of specialists within a functional framework.

Activity E has an optimistic time of 9 days, a most likely time of 12 days, and a pessimistic time of 15 days.Estimate its expected time and standard deviation.

Once a project is approved and underway, project managers are only responsible for effectively managing time and costs which, if done well, will assure project completion on time and on budget.

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