Exam 8: Project Management

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Which of the following is not a project management tool?

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The project plan reports estimated costs and cash flow requirements at different project stages.

(True/False)
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Since the introduction of computer software,Gantt charts are obsolete in project management.

(True/False)
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Which is true about the critical path?

(Multiple Choice)
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Which of the following is not a time estimate used in PERT?

(Multiple Choice)
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Because projects are limited in time,budgeting,and resources,they generally have very little risk involved.

(True/False)
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Identify and describe the four parameters used to calculate the critical path for CPM.

(Essay)
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All the following activities are on the critical path.If the project needs to be reduced by 3 days,and no other paths become shorter than the current critical path,which activities should be crashed and in what order? What is the total cost of crashing? All the following activities are on the critical path.If the project needs to be reduced by 3 days,and no other paths become shorter than the current critical path,which activities should be crashed and in what order? What is the total cost of crashing?

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The percentage of the project's scope that will be affected by a problem defines which project risk classification?

(Multiple Choice)
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Identify five of the critical factors in project failure.

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Time,scope,and cost are positively correlated in project management.

(True/False)
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Activity C is directly preceded by two activities,activity A and activity B.Activity A has an expected time of five and early start time of six.Activity B has an expected time of seven and an early start time of seven.Activity C has an expected time of ten.What is the early start for activity C? Activity A,early finish is 6 + 5 = 11. Activity B,early finish is 7 + 7 = 14. The early start for Activity 7 is the larger of the two early finish times; so the time is 14.

(Essay)
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Any activity that has not been completed is a candidate for a cost and time trade-off analysis.

(True/False)
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The path in a network diagram with the most activities is the critical path.

(True/False)
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Draw a network diagram using the AON convention for the following project. Activity A has a duration of 4 days and no predecessor. Activity B has a duration of 2 days and has A as a predecessor. Activity C has a duration of 2 days and has A as a predecessor. Activity D has a duration of 3 days and has B as a predecessor. Activity E has a duration of 4 days and has C as a predecessor. Activity F has a duration of 1 day and has D and E as predecessors.

(Essay)
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In a PERT analysis,the "most likely time" is the minimum possible time required to complete an activity.

(True/False)
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Identify and describe how leadership can impact project success.

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Using PERT,the project completion time closely resembles what distribution?

(Multiple Choice)
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Which of the following terms does not describe a project management technique?

(Multiple Choice)
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Three major project constraints are time,scope,and cost.

(True/False)
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