Question 1

The critical path in a CPM analysis is always the shortest path through the network.

Accepted Answer

A) True 
 B)False  False

Question 2

A project can be subdivided into which of the following?

Accepted Answer

A) Job orders 
B) Sub-jobs 
C) Work packages 
D) Sub-paths 
E) Events and decisions 
A) Job orders 
B) Sub-jobs 
C) Work packages 
D) Sub-paths 
E) Events and decisions C

Question 3

You have just used the network planning model for a county road resurfacing project and found the critical path length is 40 days and the standard deviation of the critical path is 10 days.Suppose you want to pick a time (in days) within which you will complete the project with 90% confidence level, what should be that time (in days and round to the nearest whole number.)

Accepted Answer

A) 40 
B) B.13. 
C) 37 
D) 29 
E) 53 
A) 40 
B) B.13. 
C) 37 
D) 29 
E) 53 A

Question 4

In CPM, the late start time estimate is the latest time you can start an activity and still keep the entire project on schedule.

Accepted Answer

A) True 
 B)False

Question 5

Derivative projects are those that address incremental changes to products or processes.

Accepted Answer

A) True 
 B)False

Question 6

PERT is an abbreviation for which of the following methodologies?

Accepted Answer

A) Product evaluation, result, and treatment 
B) Programming and evaluation realization technology 
C) Program evaluation and review technique 
D) Process evaluation and review technology 
E) It is a name, not an abbreviation for anything. 
A) Product evaluation, result, and treatment 
B) Programming and evaluation realization technology 
C) Program evaluation and review technique 
D) Process evaluation and review technology 
E) It is a name, not an abbreviation for anything.

Question 7

You have just performed a CPM analysis and have found that more than one path through the project network has zero slack values.What can you conclude?

Accepted Answer

A) You have incorrectly performed the analysis. 
B) You have multiple critical paths. 
C) Only one path is optimal. 
D) More than one path is optimal. 
E) The project will not be completed by the desired time. 
A) You have incorrectly performed the analysis. 
B) You have multiple critical paths. 
C) Only one path is optimal. 
D) More than one path is optimal. 
E) The project will not be completed by the desired time.

Question 8

Which of the following is a graphic project report used in project management?

Accepted Answer

A) Project proposal 
B) Approved project plan 
C) Humphrey chart 
D) Equipment and supplies chart 
E) Cost and performance tracking schedule 
A) Project proposal 
B) Approved project plan 
C) Humphrey chart 
D) Equipment and supplies chart 
E) Cost and performance tracking schedule

Question 9

A company must perform a maintenance project consisting of seven activities.The activities, their predecessors, and their respective time estimates are presented here:
Using CPM, which activities have slack in this project?

Accepted Answer

A) A, B, C 
B) B, D 
C) Only C 
D) C, E 
E) F, G 
A) A, B, C 
B) B, D 
C) Only C 
D) C, E 
E) F, G

Question 10

A company must perform a maintenance project consisting of seven activities.The activities, their predecessors, and their respective time estimates are presented here:
Using CPM, what is the latest finish time for the last activity in this project (i.e., the total time to complete the project)?

Accepted Answer

A) 9 days 
B) 10 days 
C) 11 days 
D) 12 days 
E) 13 days 
A) 9 days 
B) 10 days 
C) 11 days 
D) 12 days 
E) 13 days

Question 11

You have the following time and cost information for use in a time-cost CPM scheduling model.
What are the three costs per unit of time to expedite each activity?

Accepted Answer

A) A = $300, B = $200, C = $300 
B) A = $100, B = $200, C = $400 
C) A = $200, B = $200, C = $200 
D) A = $100, B = $400, C = $300 
E) A = $200, B = $300, C = $400 
A) A = $300, B = $200, C = $300 
B) A = $100, B = $200, C = $400 
C) A = $200, B = $200, C = $200 
D) A = $100, B = $400, C = $300 
E) A = $200, B = $300, C = $400

Question 12

A listing of immediate predecessor activities is important information in a CPM analysis for which of the following reasons?

Accepted Answer

A) It specifies the relationships in the CPM network of activities. 
B) It provides useful timing information. 
C) It includes cost information. 
D) It is the probability information required in the final step of CPM. 
E) None of these 
A) It specifies the relationships in the CPM network of activities. 
B) It provides useful timing information. 
C) It includes cost information. 
D) It is the probability information required in the final step of CPM. 
E) None of these

Question 13

In the time-cost CPM model, cost is assumed to be a linear function of time.

Accepted Answer

A) True 
 B)False

Question 14

The activity direct costs associated with a project might include giving workers overtime to complete a project in less than the expected time.

Accepted Answer

A) True 
 B)False

Question 15

Breakthrough projects are those that provide fundamental improvements to existing products.

Accepted Answer

A) True 
 B)False

Question 16

In a Gantt chart, the horizontal axis is usually which of the following?

Accepted Answer

A) Activities 
B) Cost 
C) Profit 
D) Time 
E) Milestones 
A) Activities 
B) Cost 
C) Profit 
D) Time 
E) Milestones

Question 17

In a CPM analysis, if you subtract the late finish from the early finish, the result is the activity's slack time.

Accepted Answer

A) True 
 B)False

Question 18

In CPM analysis, it is generally expected that the relationship between activity direct costs and project indirect costs will be which of the following?

Accepted Answer

A) Positively related 
B) Optimally related 
C) Negatively related 
D) Not related 
E) Fractionally related 
A) Positively related 
B) Optimally related 
C) Negatively related 
D) Not related 
E) Fractionally related

Question 19

Slack activity time is the difference between the early start and the late finish of a project activity time.

Accepted Answer

A) True 
 B)False

Question 20

The second step in managing a project is writing the statement of work.

Accepted Answer

A) True 
 B)False

Exam 4: Project Management

The critical path in a CPM analysis is always the shortest path through the network.

A project can be subdivided into which of the following?

In CPM, the late start time estimate is the latest time you can start an activity and still keep the entire project on schedule.

Derivative projects are those that address incremental changes to products or processes.

PERT is an abbreviation for which of the following methodologies?

You have just performed a CPM analysis and have found that more than one path through the project network has zero slack values.What can you conclude?

Which of the following is a graphic project report used in project management?

A company must perform a maintenance project consisting of seven activities.The activities, their predecessors, and their respective time estimates are presented here: Using CPM, which activities have slack in this project?

A company must perform a maintenance project consisting of seven activities.The activities, their predecessors, and their respective time estimates are presented here: Using CPM, what is the latest finish time for the last activity in this project (i.e., the total time to complete the project)?

You have the following time and cost information for use in a time-cost CPM scheduling model. What are the three costs per unit of time to expedite each activity?

A listing of immediate predecessor activities is important information in a CPM analysis for which of the following reasons?

In the time-cost CPM model, cost is assumed to be a linear function of time.

The activity direct costs associated with a project might include giving workers overtime to complete a project in less than the expected time.

Breakthrough projects are those that provide fundamental improvements to existing products.

In a Gantt chart, the horizontal axis is usually which of the following?

In a CPM analysis, if you subtract the late finish from the early finish, the result is the activity's slack time.

In CPM analysis, it is generally expected that the relationship between activity direct costs and project indirect costs will be which of the following?

Slack activity time is the difference between the early start and the late finish of a project activity time.

The second step in managing a project is writing the statement of work.

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