Exam 4: Project Management

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One of the advantages of a functional project organizational structure is that a team member can work on several projects.

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A series of projects that are organized in such a way that each project utilizes people from different functional areas is using which of the following organizational structures?

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When reducing the planned duration of a project using the time-cost CPM model, we select the activity to crash by determining the cost of each alternative and selecting the one whose cost is the greatest.

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Earned value management (EVM) is a technique for measuring project progress in an objective manner.

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Using the time-cost CPM model, the crash time is the shortest possible time allowed for each activity in the project.

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What is a work breakdown structure?

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You have been placed in charge of a large project.Shortened communication lines are required to ensure quick resolution of problems as they arise.You recognize that the project is going to take a lot of time and require a lot of team pride, motivation, and commitment by all members.Which project management structure should you use in this situation?

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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.At what day do we achieve the lowest? Total project cost (i.e., direct plus indirect costs)?

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Popular project management software used in mid-sized projects is

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A disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.

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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 make up the critical path?

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A project starts out as which of the following?

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