Below 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. $\begin{array}{|l|l|l|l|l|l|} \hline & \text { Immediate } & \text { Normal } & \text { Crash } & \text { Normal } & \text { Crash } \\ \hline \text { Activity } & \text { Predecessor } & \text { Time } & \text { Time } & \text { Cost } & \text { Cost } \\ \hline \text { A } & \text { None } & 3 & 2 & \$ 200 & \$ 400 \\ \hline \text { B } & \text { A } & 4 & 3 & \$ 300 & \$ 600 \\ \hline \text { C } & \text { A } & 1 & 1 & \$ 200 & \$ 200 \\ \hline \text { D } & \text { B and C } & 3 & 2 & \$ 500 & \$ 550 \\ \hline \text { E } & \text { D } & 2 & 1 & \$ 500 & \$ 900 \\ \hline \end{array}$ What are the total time of this project and total normal cost?

A) Total time is 13 days,total cost is $1,200 B) Total time is 12 days,total cost is $1,700 C) Total time is 11 days,total cost is $1,600 D) Total time is 10 days,total cost is $1,750 E) Total time is 9 days,total cost is $1,700 A) Total time is 13 days,total cost is $1,200 B) Total time is 12 days,total cost is $1,700 C) Total time is 11 days,total cost is $1,600 D) Total time is 10 days,total cost is $1,750 E) Total time is 9 days,total cost is $1,700

Below 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. $\begin{array}{|l|l|l|l|l|l|} \hline & \text { Immediate } & \text { Normal } & \text { Crash } & \text { Normal } & \text { Crash } \\ \hline \text { Activity } & \text { Predecessor } & \text { Time } & \text { Time } & \text { Cost } & \text { Cost } \\ \hline \text { A } & \text { None } & 3 & 2 & \$ 200 & \$ 400 \\ \hline \text { B } & \text { A } & 4 & 3 & \$ 300 & \$ 600 \\ \hline \text { C } & \text { A } & 1 & 1 & \$ 300 & \$ 300 \\ \hline \text { D } & \text { B and C } & 3 & 2 & \$ 500 & \$ 550 \\ \hline \text { E } & \text { D } & 2 & 1 & \$ 500 & \$ 900 \\ \hline \end{array}$ If you crash this project to reduce the total time by one day what is the total time of the project and total cost?

A) Total time is 13 days,total cost is $1,500 B) Total time is 12 days,total cost is $2,000 C) Total time is 12 days,total cost is $2,300 D) Total time is 11 days,total cost is $1,850 E) Total time is 11 days,total cost is $2,350 A) Total time is 13 days,total cost is $1,500 B) Total time is 12 days,total cost is $2,000 C) Total time is 12 days,total cost is $2,300 D) Total time is 11 days,total cost is $1,850 E) Total time is 11 days,total cost is $2,350

A company must perform a maintenance project consisting of seven activities.The activities,their predecessors and their respective time estimates are presented below: $\begin{array}{|l|l|l|l|} \hline & & \text { Immediate } & \\ \hline \text { Activity } & \text { Designation } & \text { Predecessor } & \text { Time in Days } \\ \hline \text { Break down both machines } & \text { A } & \text { None } & 3 \\ \hline \text { Clean machine 1 } & \text { B } & \text { A } & 3 \\ \hline \text { Clean machine 2 } & \text { C } & \text { A } & 3 \\ \hline \text { Re-set machine 1 } & \text { D } & \text { B } & 4 \\ \hline \text { Re-set machine 2 } & \text { E } & \text { C } & 2 \\ \hline \text { Re-calibrate both machines } & \text { F } & \text { D and E } & 1 \\ \hline \text { Final test } & \text { G } & \text { F } & 2 \\ \hline \end{array}$ Using the Single Time Estimate CPM procedure,which activities make up the critical path?

A) A,B,D,F,G B) A,C,E,F,G C) A,C,B,F,E D) A,D,E E) None of the above A) A,B,D,F,G B) A,C,E,F,G C) A,C,B,F,E D) A,D,E E) None of the above

Exam 3: Project Management

An assumption of three-activity-time CPM analysis is that the activity time estimates conform to the beta distribution.Which of the following is a valid criticism of this assumption?

(Multiple Choice)

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Question 21

What is that sequence of activities that consume the longest amount of time in a project network of activities called?

(Short Answer)

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Question 22

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

(Multiple Choice)

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Question 23

A project can be subdivided into which of the following?

(Multiple Choice)

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Question 24

The critical path of activities in a project is the sequence of activities that form the shortest chain in a project network of activities.

(True/False)

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Question 25

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

(Multiple Choice)

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Question 26

Describe how CPM handles the trade-offs between time and cost in the scheduling of a project?

(Essay)

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Question 27

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

(True/False)

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Question 28

To calculate the variances of activity times in CPM analysis we must use all three time estimates (i.e. ,optimistic,most likely and pessimistic time estimates).

(True/False)

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Question 29

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?

(Multiple Choice)

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Question 30

The "Z" value used to calculate the probabilities in CPM analysis is based on the Beta probability distribution.

(True/False)

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Question 31

Project Management can be defined as planning,directing and controlling resources to meet the technical,cost and time constraints of the project.

(True/False)

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Question 32

Below 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. Immediate Normal Crash Normal Crash Activity Predecessor Time Time Cost Cost A None 3 2 \ 200 \ 400 B A 4 3 \ 300 \ 600 C A 1 1 \ 200 \ 200 D B and C 3 2 \ 500 \ 550 E D 2 1 \ 500 \ 900 What are the total time of this project and total normal cost?

(Multiple Choice)

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Question 33

The second step in managing a project is writing the Statement of Work (SOW).

(True/False)

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Question 34

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

(True/False)

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Question 35

The work breakdown structure (WBS)defines a hierarchy of project tasks,subtasks and work packages.

(True/False)

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Question 36

Below 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. Immediate Normal Crash Normal Crash Activity Predecessor Time Time Cost Cost A None 3 2 \ 200 \ 400 B A 4 3 \ 300 \ 600 C A 1 1 \ 300 \ 300 D B and C 3 2 \ 500 \ 550 E D 2 1 \ 500 \ 900 If you crash this project to reduce the total time by one day what is the total time of the project and total cost?

(Multiple Choice)

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Question 37

A company wants to use CPM analysis to manage their project.One of the activities that make up the project has an uncertain duration.Three estimates have been given to determine this activity's duration.The estimates are optimistically 1 hour,most likely 5 hours and pessimistic 6 hours.Using the three activity time estimation procedure for CPM,what is the expected time this activity will take?

(Multiple Choice)

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Question 38

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

(True/False)

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Question 39

A company must perform a maintenance project consisting of seven activities.The activities,their predecessors and their respective time estimates are presented below: Immediate Activity Designation Predecessor Time in Days Break down both machines A None 3 Clean machine 1 B A 3 Clean machine 2 C A 3 Re-set machine 1 D B 4 Re-set machine 2 E C 2 Re-calibrate both machines F D and E 1 Final test G F 2 Using the Single Time Estimate CPM procedure,which activities make up the critical path?

(Multiple Choice)

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Question 40

Exam 3: Project Management

An assumption of three-activity-time CPM analysis is that the activity time estimates conform to the beta distribution.Which of the following is a valid criticism of this assumption?

What is that sequence of activities that consume the longest amount of time in a project network of activities called?

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

A project can be subdivided into which of the following?

The critical path of activities in a project is the sequence of activities that form the shortest chain in a project network of activities.

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

Describe how CPM handles the trade-offs between time and cost in the scheduling of a project?

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

To calculate the variances of activity times in CPM analysis we must use all three time estimates (i.e. ,optimistic,most likely and pessimistic time estimates).

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?

The "Z" value used to calculate the probabilities in CPM analysis is based on the Beta probability distribution.

Project Management can be defined as planning,directing and controlling resources to meet the technical,cost and time constraints of the project.

The second step in managing a project is writing the Statement of Work (SOW).

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

The work breakdown structure (WBS)defines a hierarchy of project tasks,subtasks and work packages.

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

Introduction to the Field

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