Question 1

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 2

The valuations in an Earned Value Management analysis must be either profits or revenue.

Accepted Answer

A) True 
 B)False

Question 3

One of the assumptions made using CPM is that project activity sequence relationships can be specified and networked.

Accepted Answer

A) True 
 B)False

Question 4

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 5

A listing of immediate predecessor activities is important information in a 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 6

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

Accepted Answer

A) True 
 B)False

Question 7

The fact that organizations are flattening is one of the reasons that project management is important.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A)  A,B,C 
B)  B,D 
C)  Only C 
D)  C,E 
E)  F, G 
A)  A,B,C 
B)  B,D 
C)  Only C 
D)  C,E 
E)  F, G

Question 9

What are "project milestones?" _________________________________________

Accepted Answer

Specific events to be accompli

Question 10

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 CPM,which activities make up the critical path?

Accepted Answer

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

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

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 13

You know when you have arrived at the optimal solution in using the Time-Cost CPM Scheduling model analysis when what happens?

Accepted Answer

A)  You have found the critical path 
B)  You have run out of crash time 
C)  You no longer have a linear relationship with costs 
D)  You have reached the minimum total cost 
E)  You have run out of crash costs 
A)  You have found the critical path 
B)  You have run out of crash time 
C)  You no longer have a linear relationship with costs 
D)  You have reached the minimum total cost 
E)  You have run out of crash costs

Question 14

Breakthrough projects are those that provide fundamental improvements to existing products.

Accepted Answer

A) True 
 B)False

Question 15

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 16

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

Accepted Answer

Total time is 8 days,total cost is $2,75

Question 17

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. $$\begin{array} { | l | l | l | l | l | l | } 
\hline & \text { Immediate } & \text { Normal } & \text { Crash } & \text { Normal } & \text { Crash } \
\hline \text { Activity } & \text { Predecessor } & \text { Time } & \text { Time } & \text { Cost (Direct) } & \text { Cost (Direct) } \
\hline \text { A } & \text { None } & 3 & 2 & \$ 300 & \$ 400 \
\hline \text { B } & \text { A } & 3 & 3 & \$ 100 & \$ 100 \
\hline \text { C } & \text { A } & 1 & 1 & \$ 200 & \$ 200 \
\hline \text { D } & \text { B and C } & 3 & 2 & \$ 400 & \$ 550 \
\hline \text { E } & \text { D } & 2 & 1 & \$ 500 & \$ 900 \
\hline \text { F } & \text { E } & 3 & 3 & \$ 200 & \$ 200 \
\hline \text { G } & \text { F } & 2 & 2 & \$ 100 & \$ 100 \
\hline
\end{array}$$ 
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.If you crash this project by one day what is the total (i.e. ,direct and indirect)project cost? ____________________

Accepted Answer

$2,150
The critical path is ABDEFG. The

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

The valuations in an Earned Value Management analysis must be either profits or revenue.

One of the assumptions made using CPM is that project activity sequence relationships can be specified and networked.

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?

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

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

The fact that organizations are flattening is one of the reasons that project management is important.

What are "project milestones?" _________________________________________

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

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

You know when you have arrived at the optimal solution in using the Time-Cost CPM Scheduling model analysis when what happens?

Breakthrough projects are those that provide fundamental improvements to existing products.

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

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Forecasting

Strategic Capacity Management

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Exam 5: Projects

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

The valuations in an Earned Value Management analysis must be either profits or revenue.

One of the assumptions made using CPM is that project activity sequence relationships can be specified and networked.

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?

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

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

The fact that organizations are flattening is one of the reasons that project management is important.

What are "project milestones?" _________________________________________

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

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

You know when you have arrived at the optimal solution in using the Time-Cost CPM Scheduling model analysis when what happens?

Breakthrough projects are those that provide fundamental improvements to existing products.

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

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