Question 1

Consider the following project.
 $$\begin{array} { | c | c | c | } 
\hline \text { Activity } & \begin{array} { c } 
\text { Imunediate } \
\text { Predecessor }
\end{array} & \begin{array} { c } 
\text { Activity Time } \
\text { (drys) }
\end{array} \
\hline \text { A } & - - & 3 \
\hline \mathrm { B } & - - & 4 \
\hline \mathrm { C } & \mathrm { A } & 4 \
\hline \mathrm { D } & \mathrm { A } & 6 \
\hline \mathrm { E } & \mathrm { B } & 5 \
\hline \mathrm { F } & \mathrm { C } , \mathrm { D } & 4 \
\hline \mathrm { G } & \mathrm { E } _ { \mathrm { F } } \mathrm { F } & 7 \
\hline
\end{array}$$
-Compute the slack time for activity C.

Accepted Answer

A)  0 
B)  4 
C)  2 
D)  3 
A)  0 
B)  4 
C)  2 
D)  3

Question 2

Consider the following network.
  
-The latest start for activity 3 is ________.

Accepted Answer

The answer of Consider the following network.
  
-The latest...

Question 3

The normal cost for an activity is $7,000 and the crash cost is $12,000. The normal time to complete this activity is 8 days and crash time is 4 days. If this activity is crashed by 2 days it will cost an additional:

Accepted Answer

A)  $1000 
B)  $1250 
C)  $2000 
D)  $2500 
A)  $1000 
B)  $1250 
C)  $2000 
D)  $2500

Question 4

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 is the estimated standard deviation (in weeks) for the critical path completion time?

Accepted Answer

The answer of Refer to the table below to answer...

Question 5

A PERT/CPM activity has an optimistic time estimate of 3 days, a most likely time estimate of 8 days, and a pessimistic time estimate of 10 days. The standard deviation of this activity is:

Accepted Answer

A)  7/9 
B)  7/6 
C)  1/3 
D)  2/3 
A)  7/9 
B)  7/6 
C)  1/3 
D)  2/3

Question 6

The earliest finish time for the final activity on a project network is also the total completion of the project.

Accepted Answer

A) True 
 B)False

Question 7

Project control involves

Accepted Answer

A)  crashing. 
B)  three time estimates. 
C)  a backward or forward pass. 
D)  earned value analysis. 
A)  crashing. 
B)  three time estimates. 
C)  a backward or forward pass. 
D)  earned value analysis.

Question 8

The early start of an activity that has only one predecessor is equal to the early finish of that predecessor

Accepted Answer

A) True 
 B)False

Question 9

The early start for an activity on the critical path is always equal to the earliest finish of the preceding activity.

Accepted Answer

A) True 
 B)False

Question 10

Consider the following project.
 $$\begin{array} { | c | c | c | } 
\hline \text { Activity } & \begin{array} { c } 
\text { Imunediate } \
\text { Predecessor }
\end{array} & \begin{array} { c } 
\text { Activity Time } \
\text { (drys) }
\end{array} \
\hline \text { A } & - - & 3 \
\hline \mathrm { B } & - - & 4 \
\hline \mathrm { C } & \mathrm { A } & 4 \
\hline \mathrm { D } & \mathrm { A } & 6 \
\hline \mathrm { E } & \mathrm { B } & 5 \
\hline \mathrm { F } & \mathrm { C } , \mathrm { D } & 4 \
\hline \mathrm { G } & \mathrm { E } _ { \mathrm { F } } \mathrm { F } & 7 \
\hline
\end{array}$$
-What is the latest time that activity B can start without delaying the project?

Accepted Answer

A)  0 
B)  8 
C)  4 
D)  7 
A)  0 
B)  8 
C)  4 
D)  7

Question 11

Consider the following project.
 $$\begin{array} { | c | c | c | } 
\hline \text { Activity } & \begin{array} { c } 
\text { Imunediate } \
\text { Predecessor }
\end{array} & \begin{array} { c } 
\text { Activity Time } \
\text { (drys) }
\end{array} \
\hline \text { A } & - - & 3 \
\hline \mathrm { B } & - - & 4 \
\hline \mathrm { C } & \mathrm { A } & 4 \
\hline \mathrm { D } & \mathrm { A } & 6 \
\hline \mathrm { E } & \mathrm { B } & 5 \
\hline \mathrm { F } & \mathrm { C } , \mathrm { D } & 4 \
\hline \mathrm { G } & \mathrm { E } _ { \mathrm { F } } \mathrm { F } & 7 \
\hline
\end{array}$$
-What is the minimum possible time for completing this project?

Accepted Answer

A)  15 days 
B)  16 days 
C)  18 days 
D)  20 days 
A)  15 days 
B)  16 days 
C)  18 days 
D)  20 days

Question 12

Refer to the table below to answer the question(s) that follow:
 $~~~~~~~~~~~~~~~~~~~~~~~~~Activity~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Times~ (weeks)\
\begin{array}{c}
\text { Activity } & \text { Predecessor } & \text { Optimistic } & \text { Most Likely } & \text { Pessimi } \
\hline \text { A } & --- & 9 & 15 & 21 \
\text { B } & --- & 13 & 21 & 23 \
\text { C } & \text { A } & 6 & 9 & 18 \
\text { D } & \text { A } & 23 & 35 & 47 \
\text { E } & \text { B } & 19 & 26 & 27 \
\text { F } & \text { C } & 23 & 29 & 41 \
\text { G } & \text { D,E } & 14 & 20 & 26 \
\text { H } & \text { F,G } & 2 & 5 & 8
\end{array}$
-Within what amount of time (in weeks) is there a 90% probability that the critical path for this project will be completed?

Accepted Answer

The answer of Refer to the table below to answer...

Question 13

The critical path activities have no slack.

Accepted Answer

A) True 
 B)False

Question 14

Consider the following project.
 $$\begin{array} { | c | c | c | } 
\hline \text { Activity } & \begin{array} { c } 
\text { Immediate } \
\text { Processor }
\end{array} & \begin{array} { c } 
\text { Activity Time } \
\text { (days) }
\end{array} \
\hline \text { A } & - & 6 \
\hline \text { B } & - & 8 \
\hline \text { C } & \text { A, B } & 5 \
\hline \text { D } & \text { B } & 4 \
\hline \text { E } & \text { C } & 7 \
\hline \text { F } & \text { C, D } & 3 \
\hline \text { G } & \text { D } & 6 \
\hline \text { H } & \text { E, F, G } & 5 \
\hline
\end{array}$$
-Determine the critical path.

Accepted Answer

A)  ACEH 
B)  BCEH 
C)  BDFH 
D)  BDGH 
A)  ACEH 
B)  BCEH 
C)  BDFH 
D)  BDGH

Question 15

A ________ shows who in the organization is responsible for doing the work in a project.

Accepted Answer

responsibi

Question 16

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 is the critical path for this project network?

Accepted Answer

The answer of Refer to the table below to answer...

Question 17

Consider the following network.
  
-Identify all paths in the network.

Accepted Answer

ABDF, ABEF

Question 18

Joe used a project management software package and has determined the following results for a given project:
Expected completion time of the project = 22 days
Variance of project completion time = 2.77
What is the probability of completing the project within 20 days?

Accepted Answer

A)  0.3849 
B)  0.8849 
C)  0.1151 
D)  0.7642 
A)  0.3849 
B)  0.8849 
C)  0.1151 
D)  0.7642

Question 19

Project crashing is a method for shortening the project completion time by reducing the completion time of one or more critical activities at a cost.

Accepted Answer

A) True 
 B)False

Question 20

If the early start for activity A is equal to 23 months and the duration of activity A is equal to 5 months, what is the earliest finish for activity A?

Accepted Answer

The answer of If the early start for activity A...

Consider the following project. Activity Imunediate Predecessor Activity Time (drys) A -- 3 -- 4 4 6 5 , 4 7 -Compute the slack time for activity C.

Consider the following network. -The latest start for activity 3 is ________.

The normal cost for an activity is $7,000 and the crash cost is $12,000. The normal time to complete this activity is 8 days and crash time is 4 days. If this activity is crashed by 2 days it will cost an additional:

A PERT/CPM activity has an optimistic time estimate of 3 days, a most likely time estimate of 8 days, and a pessimistic time estimate of 10 days. The standard deviation of this activity is:

The earliest finish time for the final activity on a project network is also the total completion of the project.

Project control involves

The early start of an activity that has only one predecessor is equal to the early finish of that predecessor

The early start for an activity on the critical path is always equal to the earliest finish of the preceding activity.

Consider the following project. Activity Imunediate Predecessor Activity Time (drys) A -- 3 -- 4 4 6 5 , 4 7 -What is the latest time that activity B can start without delaying the project?

Consider the following project. Activity Imunediate Predecessor Activity Time (drys) A -- 3 -- 4 4 6 5 , 4 7 -What is the minimum possible time for completing this project?

The critical path activities have no slack.

Consider the following project. 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 -Determine the critical path.

A ________ shows who in the organization is responsible for doing the work in a project.

Consider the following network. -Identify all paths in the network.

Joe used a project management software package and has determined the following results for a given project: Expected completion time of the project = 22 days Variance of project completion time = 2.77 What is the probability of completing the project within 20 days?

Project crashing is a method for shortening the project completion time by reducing the completion time of one or more critical activities at a cost.

If the early start for activity A is equal to 23 months and the duration of activity A is equal to 5 months, what is the earliest finish for activity A?

Management Science

Linear Programming: Model Formulation and Graphical Solution

Linear Programming: Computer Solution and Sensitivity Analysis

Linear Programming: Modeling Examples

Integer Programming

Transportation, Transshipment, and Assignment Problems

Network Flow Models

Multicriteria Decision Making

Nonlinear Programming

Probability and Statistics

Decision Analysis

Queuing Analysis

Simulation

Forecasting

Inventory Management

the Simplex Solution Method

Transportation and Assignment Solution Methods

Integer Programming: the Branch and Bound Method

Nonlinear Programming: Solution Techniques

Game Theory

Markov Analysis

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Exam 8: Project Management

Consider the following project. Activity Imunediate Predecessor Activity Time (drys) A -- 3 -- 4 4 6 5 , 4 7 -Compute the slack time for activity C.

Consider the following network. -The latest start for activity 3 is ________.

The normal cost for an activity is $7,000 and the crash cost is $12,000. The normal time to complete this activity is 8 days and crash time is 4 days. If this activity is crashed by 2 days it will cost an additional:

A PERT/CPM activity has an optimistic time estimate of 3 days, a most likely time estimate of 8 days, and a pessimistic time estimate of 10 days. The standard deviation of this activity is:

The earliest finish time for the final activity on a project network is also the total completion of the project.

Project control involves

The early start of an activity that has only one predecessor is equal to the early finish of that predecessor

The early start for an activity on the critical path is always equal to the earliest finish of the preceding activity.

Consider the following project. Activity Imunediate Predecessor Activity Time (drys) A -- 3 -- 4 4 6 5 , 4 7 -What is the latest time that activity B can start without delaying the project?

Consider the following project. Activity Imunediate Predecessor Activity Time (drys) A -- 3 -- 4 4 6 5 , 4 7 -What is the minimum possible time for completing this project?

The critical path activities have no slack.

Consider the following project. 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 -Determine the critical path.

A ________ shows who in the organization is responsible for doing the work in a project.

Consider the following network. -Identify all paths in the network.

Joe used a project management software package and has determined the following results for a given project: Expected completion time of the project = 22 days Variance of project completion time = 2.77 What is the probability of completing the project within 20 days?

Project crashing is a method for shortening the project completion time by reducing the completion time of one or more critical activities at a cost.

If the early start for activity A is equal to 23 months and the duration of activity A is equal to 5 months, what is the earliest finish for activity A?

Management Science

Linear Programming: Model Formulation and Graphical Solution

Linear Programming: Computer Solution and Sensitivity Analysis

Linear Programming: Modeling Examples

Integer Programming

Transportation, Transshipment, and Assignment Problems

Network Flow Models

Multicriteria Decision Making

Nonlinear Programming

Probability and Statistics

Decision Analysis

Queuing Analysis

Simulation

Forecasting

Inventory Management

the Simplex Solution Method

Transportation and Assignment Solution Methods

Integer Programming: the Branch and Bound Method

Nonlinear Programming: Solution Techniques

Game Theory

Markov Analysis

Filters