Question 1

For an activity in a Single Time Estimate CPM analysis,the Early Finish time is 8 and the Late Finish time is 10.Which of the following statements is true?

Accepted Answer

A) The Late Start Time is 4 
B) The Early Start Time is 4 
C) The slack for this activity is 2 
D) The duration of this activity is 2 
E) The activity is on the critical path 
A) The Late Start Time is 4 
B) The Early Start Time is 4 
C) The slack for this activity is 2 
D) The duration of this activity is 2 
E) The activity is on the critical path

Question 2

The project indirect costs associated with a project include overhead,facilities and resource opportunity costs.

Accepted Answer

A) True 
 B)False

Question 3

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 4

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

Accepted Answer

A) True 
 B)False

Question 5

In calculating the probabilities in a CPM analysis the desired time is determined by calculating the expected time for the project as a whole.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

A company must perform a maintenance project consisting of seven activities.The activities,their predecessors and their respective time estimates are presented below: $\begin{array}{|l|l|l|l|}
\hline & & \text { Immediate } & \
\hline \text { Activity } & \text { Designation } & \text { Predecessor } & \text { Time in Days } \
\hline \text { Break down both machines } & \text { A } & \text { None } & 3 \
\hline \text { Clean machine 1 } & \text { B } & \text { A } & 3 \
\hline \text { Clean machine 2 } & \text { C } & \text { A } & 3 \
\hline \text { Re-set machine 1 } & \text { D } & \text { B } & 1 \
\hline \text { Re-set machine 2 } & \text { E } & \text { C } & 2 \
\hline \text { Re-calibrate both machines } & \text { F } & \text { D and E } & 1 \
\hline \text { Final test } & \text { G } & \text { F } & 2 \
\hline
\end{array}$
Using the Single Time Estimate CPM procedure,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 8

For an activity in a Single Time Estimate CPM analysis the Early Finish time is 20 and the Late Finish time is 20.Which of the following statements is true?

Accepted Answer

A) The activity's late start must happen before its early start 
B) The activity is on the critical path 
C) The slack for this activity is 20 
D) The duration of this activity is zero 
E) The duration of this activity is 20 
A) The activity's late start must happen before its early start 
B) The activity is on the critical path 
C) The slack for this activity is 20 
D) The duration of this activity is zero 
E) The duration of this activity is 20

Question 9

The fact that organizations are flattening is one reason that projects are more crucial and project management is important as a way to get things done.

Accepted Answer

A) True 
 B)False

Question 10

You have been placed in charge of a large project.Shortened communication lines are required to insure 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?

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 11

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. $\begin{array}{|l|l|l|l|l|l|}
\hline & \text { Immediate } & \text { Normal } & \text { Crash } & \text { Normal } & \text { Crash } \
\hline \text { Activity } & \text { Immediate } & \text { Time } & \text { Time } & \text { Cost (Direct) } & \text { Cost (Direct) } \
\hline \text { A } & \text { None } & 3 & 2 & \$ 300 & \$ 400 \
\hline \text { B } & \text { A } & 3 & 3 & \$ 100 & \$ 100 \
\hline \text { C } & \text { A } & 1 & 1 & \$ 200 & \$ 200 \
\hline \text { D } & \text { B and C } & 3 & 2 & \$ 400 & \$ 550 \
\hline \text { E } & \text { D } & 2 & 1 & \$ 500 & \$ 900 \
\hline \text { F } & \text { E } & 3 & 3 & \$ 200 & \$ 200 \
\hline \text { G } & \text { F } & 2 & 2 & \$ 100 & \$ 100 \
\hline
\end{array}$
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)?

Accepted Answer

A) 16 days 
B) 15 days 
C) 14 days 
D) 13 days 
E) 12 days 
A) 16 days 
B) 15 days 
C) 14 days 
D) 13 days 
E) 12 days

Question 12

If you have an optimistic time of 4 weeks,a most likely time of 6 weeks and a pessimistic time of 14 weeks on an activity in a CPM managed project,what is the expected time for this activity?

Accepted Answer

A) 4 weeks 
B) 5 weeks 
C) 6 weeks 
D) 7 weeks 
E) 8 weeks 
A) 4 weeks 
B) 5 weeks 
C) 6 weeks 
D) 7 weeks 
E) 8 weeks

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

A listing of immediate predecessor activities is important information in a single time estimate 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 the above 
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 the above

Question 15

If the pessimistic duration of an activity is 10 and the optimistic duration is 4,what is the variance for the activity time when using CPM analysis?

Accepted Answer

A) 1 
B) 2.333 
C) 4.777 
D) 10.4 
E) 12 
A) 1 
B) 2.333 
C) 4.777 
D) 10.4 
E) 12

Question 16

A simple project listing of five activities and their respective time estimates are presented below: $\begin{array}{|l|l|l|}
\hline \text { Activity } & \text { Immediate Predecessor } & \text { Time in Days } \
\hline \text { A } & \text { None } & 1 \
\hline \text { B } & \text { A } & 2 \
\hline \text { C } & \text { A } & 1 \
\hline \text { D } & \text { B and C } & 3 \
\hline \text { E } & \text { D } & 2 \
\hline
\end{array}$
Using the Single Time Estimate CPM procedure,which activities make up the critical path?

Accepted Answer

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

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

You have just computed a Z=2.55 in a CPM analysis of a critical path for a project.Based on this Z value what is the probability of completing this project on time?

Accepted Answer

A) 0.76543 
B) 0.67543 
C) 0.99061 
D) 0.99461 
E) You cannot tell based on the information given 
A) 0.76543 
B) 0.67543 
C) 0.99061 
D) 0.99461 
E) You cannot tell based on the information given

Question 19

If each activity time is known with certainty in a CPM analysis,which of the following methodologies can be used to analyze the project?

Accepted Answer

A) Single Time Estimate 
B) Three Activity Time Estimates 
C) Expected Activity Time 
D) Probability Analysis 
E) None of the above 
A) Single Time Estimate 
B) Three Activity Time Estimates 
C) Expected Activity Time 
D) Probability Analysis 
E) None of the above

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 3: Project Management

For an activity in a Single Time Estimate CPM analysis,the Early Finish time is 8 and the Late Finish time is 10.Which of the following statements is true?

The project indirect costs associated with a project include overhead,facilities and resource opportunity costs.

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

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

In calculating the probabilities in a CPM analysis the desired time is determined by calculating the expected time for the project as a whole.

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

For an activity in a Single Time Estimate CPM analysis the Early Finish time is 20 and the Late Finish time is 20.Which of the following statements is true?

The fact that organizations are flattening is one reason that projects are more crucial and project management is important as a way to get things done.

If you have an optimistic time of 4 weeks,a most likely time of 6 weeks and a pessimistic time of 14 weeks on an activity in a CPM managed project,what is the expected time for this activity?

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

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

If the pessimistic duration of an activity is 10 and the optimistic duration is 4,what is the variance for the activity time when using CPM analysis?

A simple project listing of five activities and their respective time estimates are presented below: Activity Immediate Predecessor Time in Days A None 1 B A 2 C A 1 D B and C 3 E D 2 Using the Single Time Estimate CPM procedure,which activities make up the critical path?

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

You have just computed a Z=2.55 in a CPM analysis of a critical path for a project.Based on this Z value what is the probability of completing this project on time?

If each activity time is known with certainty in a CPM analysis,which of the following methodologies can be used to analyze the project?

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

Introduction to the Field

Operations and Supply Strategy

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Strategic Capacity Management

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