Exam 4: Project Management

You are managing a project and need to cut the cost of the project.You decide to transfer workers to another job to cut the project's costs.Costs associated with transferring the workers are an example of project indirect costs.

You have collected the data for a time-cost CPM scheduling model analysis.The time is in days and the project "direct costs" are given here. The indirect costs for the project are determined on a daily duration basis.If the project lasts 16 days, the total indirect costs are $400; 15 days, they will be $250; 14 days, they will be $200; and 13 days, they will be $100.If you crash this project by one day, What is the total (i.e., direct and indirect) project cost?

The Gantt chart is an example of a project control chart.

An advantage of a pure project where self-contained teams work full time on a project is which of the following?

A work breakdown structure is used in project management but it is not used when the critical path method is involved.

Here are the data for a time-cost CPM scheduling model analysis.The time is in days and the costs include both direct and indirect costs. If you crash this project to reduce the total time by one day, what is the total time of the project and total cost?

The critical path in a CPM analysis is found by locating the activities times with zero slack.

For an activity in a CPM analysis, the early finish time is 20 and the late finish time is 20.Which of the following statements is true?

Here are the data for a time-cost CPM scheduling model analysis.The time is in days and the costs include both direct and indirect costs. What are the total time of this project and total normal cost?

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

For an activity in a CPM analysis, the early start time is 8 and the late start time is 10.Which of the following statements is true?

Project management software available today combines CPM and other scheduling aids, like Gantt charting, to aid in tracking progress of project completion.

The critical path in a project is that sequence of activities that consume the longest amount of time in a project network of activities.

One of the assumptions made using CPM is that project activity sequence relationships can be specified and networked.

A matrix project attempts to blend properties of functional and pure project structures.

A simple project listing of five activities, their predecessors, and their respective time estimates are presented here: Using the CPM, which activities have slack in this project?

The valuations in an earned value management analysis must be either profits or revenue.

One of the assumptions made using CPM is that project activities can be identified with clear beginning and ending points.

The fact that organizations are flattening is one of the reasons that project management is important.

You have just been assigned to oversee a series of projects.Functional areas will loan you personnel for each project, and separate project managers will be responsible for separate projects.These project managers will report to you.Which project management structure is being used?