Exam 3: Project Management

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In CPM the late start time estimate is the latest time you can start an activity and still keep the entire project on schedule.

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

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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?

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One of the assumptions of CPM is that project activity times can be estimated accurately.

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We assume in CPM analysis that the activity times are independent and therefore the sum of the variances of the activities along the critical path is the variance of the expected time to complete the path.

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Below are the data for a Time-Cost CPM Scheduling 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 four days,what is the total time of the project and total cost?

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Some of the advantages of a functional project where the project is housed in a functional division include which of the following?

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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 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 1 Using the Single Time Estimate CPM procedure,which activities have slack in this project?

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In a Gantt chart the horizontal axis is usually which of the following?

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You ask your subordinates how long it will take to complete the job they are working on.The subordinates say,"If everything goes right it will take 6 hours,most likely it will take 8 hours and if everything goes wrong it will take until the end of tomorrow or another 16 hours".Since this job is a part of a larger project you must estimate the expected time it will take to complete the job.Using the three activity time estimation procedure for CPM,what is the expected time for this job?

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Calculating the early start and early finish times for each activity in a CPM analysis does not provide any useful information.

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A matrix project structure may be referred to as a "skunk works".

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One of the disadvantages of a pure project organizational structure is that the project manager has full authority over the project.

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

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If you have an optimistic time of 4 weeks,a most likely time of 6 weeks and a pessimistic time of 8 weeks on an activity in a CPM managed project,what is the expected time for this activity?

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