Exam 8: Project Management
Exam 1: Management Science121 Questions
Exam 2: Linear Programming: Model Formulation and Graphical Solution122 Questions
Exam 3: Linear Programming: Computer Solution and Sensitivity Analysis95 Questions
Exam 4: Linear Programming: Modeling Examples90 Questions
Exam 5: Integer Programming107 Questions
Exam 6: Transportation, Transshipment, and Assignment Problems98 Questions
Exam 7: Network Flow Models104 Questions
Exam 8: Project Management116 Questions
Exam 9: Multicriteria Decision Making103 Questions
Exam 10: Nonlinear Programming72 Questions
Exam 11: Probability and Statistics152 Questions
Exam 12: Decision Analysis122 Questions
Exam 13: Queuing Analysis123 Questions
Exam 14: Simulation100 Questions
Exam 15: Forecasting133 Questions
Exam 16: Inventory Management157 Questions
Exam 17: the Simplex Solution Method90 Questions
Exam 18: Transportation and Assignment Solution Methods86 Questions
Exam 19: Integer Programming: the Branch and Bound Method63 Questions
Exam 20: Nonlinear Programming: Solution Techniques55 Questions
Exam 21: Game Theory64 Questions
Exam 22: Markov Analysis64 Questions
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Consider the following network.
-Assume that the variance for each activity in the network is equal to 1. Compute the probability that path A-B-E-F will be completed in 15 days.
(Short Answer)
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In PERT, the actual project completion time will never exceed the expected duration of the critical path.
(True/False)
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The diagram below shows the activities on the nodes, and the table shows the normal time and crash time (in days) and cost for each activity.
Activity Normal Time Crash Time Cost per day to crash A 6 6 --- B 10 8 \ 100 C 5 4 \ 300 D 4 1 \ 700 E 9 7 \ 500 F 2 1 \ 650
-Determine which activities should be crashed to shorten the project by 3 days. What is the cost?
(Essay)
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A(n) ________ chart is a graph or a bar chart for each activity that shows the project schedule and the passage of time.
(Short Answer)
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When applying linear programming models to project crashing, the objective is to minimize ________.
(Short Answer)
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Refer to the table below to answer the question(s) that follow:
~~~~~~~~~~~~~~~~~~~~~~~~~Activity~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Times~ (weeks)\\
\begin{array}{c}
\text { Activity } & \text { Predecessor } & \text { Optimistic } & \text { Most Likely } & \text { Pessimi } \\
\hline \text { A } & --- & 9 & 15 & 21 \\
\text { B } & --- & 13 & 21 & 23 \\
\text { C } & \text { A } & 6 & 9 & 18 \\
\text { D } & \text { A } & 23 & 35 & 47 \\
\text { E } & \text { B } & 19 & 26 & 27 \\
\text { F } & \text { C } & 23 & 29 & 41 \\
\text { G } & \text { D,E } & 14 & 20 & 26 \\
\text { H } & \text { F,G } & 2 & 5 & 8
\end{array}
-What are the estimated expected completion (mean) times (in weeks) for activities A-H?
(Short Answer)
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Consider the following project.
Activity Imunediate Predecessor Activity Time (drys) A -- 3 -- 4 4 6 5 , 4 7
-What is the latest possible time that Activity E can be started without delaying the completion of the project?
(Multiple Choice)
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Refer to the table below to answer the question(s) that follow:
~~~~~~~~~~~~~~~~~~~~~~~~~Activity~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Times~ (weeks)\\
\begin{array}{c}
\text { Activity } & \text { Predecessor } & \text { Optimistic } & \text { Most Likely } & \text { Pessimi } \\
\hline \text { A } & --- & 9 & 15 & 21 \\
\text { B } & --- & 13 & 21 & 23 \\
\text { C } & \text { A } & 6 & 9 & 18 \\
\text { D } & \text { A } & 23 & 35 & 47 \\
\text { E } & \text { B } & 19 & 26 & 27 \\
\text { F } & \text { C } & 23 & 29 & 41 \\
\text { G } & \text { D,E } & 14 & 20 & 26 \\
\text { H } & \text { F,G } & 2 & 5 & 8
\end{array}
-What are the estimated slack times (in weeks) for activities A-H?
(Short Answer)
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In an AOA network, a ________ activity is used to show a precedence relationship, but it does not represent passage of time.
(Short Answer)
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The PERT pessimistic time estimate is an estimate of the minimum time an activity will require.
(True/False)
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Consider the following network.
-The early start for activity 2 is ________.
(Short Answer)
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The early start of an activity that has more than one predecessor is the minimum of the earliest finishes of all predecessors.
(True/False)
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The critical path is the shortest path through the project network.
(True/False)
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Which of these statements regarding project crashing is true?
(Multiple Choice)
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Given the following information for a project, draw the AOA (Activity-On-Arrow) project network.
Activity Immediate Processor Activity Time (days) A - 6 B - 8 C A, B 5 D B 4 E C 7 F C, D 3 G D 6 H E, F, G 5
(Essay)
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Consider the following project.
Activity Imunediate Predecessor Activity Time (drys) A -- 3 -- 4 4 6 5 , 4 7
-What is the latest finish time for activity F?
(Multiple Choice)
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