Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

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 CPM,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 4

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 5

A project can be subdivided into which of the following?

Accepted Answer

A)  Job orders 
B)  Sub-jobs 
C)  Work Packages 
D)  Sub-paths 
E)  Events and decisions 
A)  Job orders 
B)  Sub-jobs 
C)  Work Packages 
D)  Sub-paths 
E)  Events and decisions

Question 6

For an activity in a 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 task is zero 
E)  The duration of this task 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 task is zero 
E)  The duration of this task is 20

Question 7

What is the criterion for determining whether a project activity is on the "critical path" or not?

Accepted Answer

This question is answered by the definit

Question 8

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 9

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

Accepted Answer

A) True 
 B)False

Question 10

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 11

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

Accepted Answer

A)  The Late Finish is 12 
B)  The Early Finish is 10 
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 Finish is 12 
B)  The Early Finish is 10 
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 12

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

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A)  A 
B)  B 
C)  C 
D)  D 
E)  C and E 
A)  A 
B)  B 
C)  C 
D)  D 
E)  C and E

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A)  Project proposal 
B)  Approved project plan 
C)  Humphrey chart 
D)  Equipment and supplies chart 
E)  Cost and performance tracking schedule 
A)  Project proposal 
B)  Approved project plan 
C)  Humphrey chart 
D)  Equipment and supplies chart 
E)  Cost and performance tracking schedule

Question 17

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?

Accepted Answer

A)  Total time is 13 days,total cost is $1500 
B)  Total time is 12 days,total cost is $2000 
C)  Total time is 12 days,total cost is $2300 
D)  Total time is 11 days,total cost is $1850 
E)  Total time is 11 days, total cost is $2350 
A)  Total time is 13 days,total cost is $1500 
B)  Total time is 12 days,total cost is $2000 
C)  Total time is 12 days,total cost is $2300 
D)  Total time is 11 days,total cost is $1850 
E)  Total time is 11 days, total cost is $2350

Question 18

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

Accepted Answer

This question can elicit a variety of re

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

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

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

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

A project can be subdivided into which of the following?

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

What is the criterion for determining whether a project activity is on the "critical path" or not?

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

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

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

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

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 CPM,which activities have slack in this project?

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

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

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

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

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

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.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Manufacturing and Service Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics, and Distribution

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Exam 5: Projects

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

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

A project can be subdivided into which of the following?

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

What is the criterion for determining whether a project activity is on the "critical path" or not?

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

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

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

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

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 CPM,which activities have slack in this project?

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

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

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

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

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

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.

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Manufacturing and Service Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics, and Distribution

Filters