Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is a reason that project management is important?

Accepted Answer

A) Organizations do not allow hastily planned projects 
B) Organizational hierarchies are becoming more robust 
C) The firm's reputation is not a concern since projects are invisible to the outside world 
D) Projects are a way to promote effective leadership 
E) It is usually more important to complete a project on time than to complete it correctly 
A) Organizations do not allow hastily planned projects 
B) Organizational hierarchies are becoming more robust 
C) The firm's reputation is not a concern since projects are invisible to the outside world 
D) Projects are a way to promote effective leadership 
E) It is usually more important to complete a project on time than to complete it correctly

Question 3

An event is a subdivision of a project.

Accepted Answer

A) True 
 B)False

Question 4

A project starts out as which of the following?

Accepted Answer

A) A Statement of Work (SOW) 
B) Critical Path Method (CPM) 
C) A Series of Milestones (SOM) 
D) A Gantt chart 
E) A latest-start-time estimate 
A) A Statement of Work (SOW) 
B) Critical Path Method (CPM) 
C) A Series of Milestones (SOM) 
D) A Gantt chart 
E) A latest-start-time estimate

Question 5

Which of the following is an assumption made in using CPM analysis?

Accepted Answer

A) Project activities flow together without distinct boundaries 
B) Project activity times can be estimated accurately and do not vary 
C) Project management should focus on crashing activities 
D) There is never a work stoppage in any activity until it is complete 
E) There are no learning curve effects in setting activity time 
A) Project activities flow together without distinct boundaries 
B) Project activity times can be estimated accurately and do not vary 
C) Project management should focus on crashing activities 
D) There is never a work stoppage in any activity until it is complete 
E) There are no learning curve effects in setting activity time

Question 6

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 7

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

Accepted Answer

A) True 
 B)False

Question 8

CPM is an abbreviation for Critical Path Method.

Accepted Answer

A) True 
 B)False

Question 9

You have the following time and cost information below for use in a Time-Cost CPM Scheduling model. $\begin{array}{|l|l|l|l|l|}
\hline \text { Activity } & \text { Normal Time } & \text { Crash Time } & \text { Normal Cost } & \text { Crash Cost } \
\hline \text { A } & 3 & 2 & \$ 400 & \$ 600 \
\hline \text { B } & 5 & 3 & \$ 600 & \$ 1200 \
\hline \text { C } & 4 & 1 & \$ 300 & \$ 1500 \
\hline
\end{array}$
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 10

If the pessimistic duration of an activity is 24,the most likely duration is 15 and the optimistic duration is 6,what is the variance for the activity time when using CPM analysis?

Accepted Answer

A) 6 
B) 8.333 
C) 9 
D) 10.4 
E) 12 
A) 6 
B) 8.333 
C) 9 
D) 10.4 
E) 12

Question 11

In the Time-Cost CPM model,cost is a linear function of time.

Accepted Answer

A) True 
 B)False

Question 12

Upper level management must decide between pure,functional and matrix structures as ways to organize projects.

Accepted Answer

A) True 
 B)False

Question 13

The "Z" distribution used to calculate the probability of completing a project on time is only useful in calculating probabilities where the desired time is greater than the expected time.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

Complex projects are often subdivided into a series of tasks that are typically configured to be not longer than several months in duration.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

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?

Accepted Answer

A) Pure Project 
B) Task force 
C) Matrix Project 
D) Functional Project 
E) PERT 
A) Pure Project 
B) Task force 
C) Matrix Project 
D) Functional Project 
E) PERT

Question 18

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 below.

Accepted Answer

The indirect costs for the project are d

Question 19

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.

Accepted Answer

A) True 
 B)False

Question 20

What are "project milestones"?

Accepted Answer

Specific events to b

Exam 3: Project Management

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

Which of the following is a reason that project management is important?

An event is a subdivision of a project.

A project starts out as which of the following?

Which of the following is an assumption made in using CPM analysis?

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

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

CPM is an abbreviation for Critical Path Method.

You have the following time and cost information below for use in a Time-Cost CPM Scheduling model. Activity Normal Time Crash Time Normal Cost Crash Cost A 3 2 \ 400 \ 600 B 5 3 \ 600 \ 1200 C 4 1 \ 300 \ 1500 What are the three costs per unit of time to expedite each activity?

If the pessimistic duration of an activity is 24,the most likely duration is 15 and the optimistic duration is 6,what is the variance for the activity time when using CPM analysis?

In the Time-Cost CPM model,cost is a linear function of time.

Upper level management must decide between pure,functional and matrix structures as ways to organize projects.

The "Z" distribution used to calculate the probability of completing a project on time is only useful in calculating probabilities where the desired time is greater than the expected time.

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

Complex projects are often subdivided into a series of tasks that are typically configured to be not longer than several months in duration.

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

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?

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 below.

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.

What are "project milestones"?

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