Question 1

The amount of leeway each activity has in its starting time and duration without delaying the project.

Accepted Answer

A) Standard time 
B) Normal time 
C) Crash time 
D) Slack time 
E) Critical time 
A) Standard time 
B) Normal time 
C) Crash time 
D) Slack time 
E) Critical time

Question 2

Using CPM,any activity with no predecessors can start as soon as the project is initiated.

Accepted Answer

A) True 
 B)False

Question 3

Compute the slack 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.

Accepted Answer

@#IMG-DLM& Activity A slack = 0 - 0 = 0

Question 4

Managers can do very little to prevent a project from failing.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not a reason projects succeed?

Accepted Answer

A) Strong project leadership 
B) Clear,measurable goals 
C) Declining material prices 
D) Well-defined implementation plan 
E) A sense of urgency 
A) Strong project leadership 
B) Clear,measurable goals 
C) Declining material prices 
D) Well-defined implementation plan 
E) A sense of urgency

Question 6

A project is normally limited in time,budget,and resources.

Accepted Answer

A) True 
 B)False

Question 7

Slack time can only be calculated by finding the difference in the late start and early start.

Accepted Answer

A) True 
 B)False

Question 8

When computing the expected time for a project,which time estimate is weighted the most?

Accepted Answer

A) Critical time 
B) Optimistic time 
C) Pessimistic time 
D) Most likely time 
E) Expected time 
A) Critical time 
B) Optimistic time 
C) Pessimistic time 
D) Most likely time 
E) Expected time

Question 9

List and briefly describe three of the six project planning documents described in the text.

Accepted Answer

Project plan¾outlines the activities,the

Question 10

The only significant risk involved in project management is financial risk.

Accepted Answer

A) True 
 B)False

Question 11

Which is not a general risk category for project management?

Accepted Answer

A) Financial resource risk 
B) Supply risk 
C) Human resources risk 
D) Quality risk 
E) Management risk 
A) Financial resource risk 
B) Supply risk 
C) Human resources risk 
D) Quality risk 
E) Management risk

Question 12

Visual techniques,such as precedence diagrams and Gantt charts,add little value to project management.

Accepted Answer

A) True 
 B)False

Question 13

Identify four broad categories of risk associated with projects.

Accepted Answer

Financial resource risk,such as cash ove

Question 14

Projects generally have a specific beginning and ending time.

Accepted Answer

A) True 
 B)False

Question 15

List the paths for the following network diagram and determine the duration of the project.

Accepted Answer

@#IMG-DLM& ABEF: 23 ABDEF: 29

The amount of leeway each activity has in its starting time and duration without delaying the project.

Using CPM,any activity with no predecessors can start as soon as the project is initiated.

Managers can do very little to prevent a project from failing.

Which of the following is not a reason projects succeed?

A project is normally limited in time,budget,and resources.

Slack time can only be calculated by finding the difference in the late start and early start.

When computing the expected time for a project,which time estimate is weighted the most?

List and briefly describe three of the six project planning documents described in the text.

The only significant risk involved in project management is financial risk.

Which is not a general risk category for project management?

Visual techniques,such as precedence diagrams and Gantt charts,add little value to project management.

Identify four broad categories of risk associated with projects.

Projects generally have a specific beginning and ending time.

List the paths for the following network diagram and determine the duration of the project.

Operations and Supply Chain Strategy

Quality Management

New Product Development

Process Design and Analysis

Forecasting

Independent Demand Inventory

Dependent Demand Inventory

Optimization and Simulation Modeling

Capacity Planning

Quality Improvement Methods

Lean Enterprise

Technology and Integrated Supply Management

Global Supply Chain and Service Integration

Filters

Exam 8: Project Management

The amount of leeway each activity has in its starting time and duration without delaying the project.

Using CPM,any activity with no predecessors can start as soon as the project is initiated.

Managers can do very little to prevent a project from failing.

Which of the following is not a reason projects succeed?

A project is normally limited in time,budget,and resources.

Slack time can only be calculated by finding the difference in the late start and early start.

When computing the expected time for a project,which time estimate is weighted the most?

List and briefly describe three of the six project planning documents described in the text.

The only significant risk involved in project management is financial risk.

Which is not a general risk category for project management?

Visual techniques,such as precedence diagrams and Gantt charts,add little value to project management.

Identify four broad categories of risk associated with projects.

Projects generally have a specific beginning and ending time.

List the paths for the following network diagram and determine the duration of the project.

Operations and Supply Chain Strategy

Quality Management

New Product Development

Process Design and Analysis

Forecasting

Independent Demand Inventory

Dependent Demand Inventory

Optimization and Simulation Modeling

Capacity Planning

Quality Improvement Methods

Lean Enterprise

Technology and Integrated Supply Management

Global Supply Chain and Service Integration

Filters