Exam 8: Project Management

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Given the following information for a project, identify the critical path and determine the total completion time of the 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

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

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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.  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.       \begin{array} { | c | c | c | c | }  \hline \text { Activity } & \text { Normal Time } & \text { Crash Time } & \begin{array} { c }  \text { Cost per day } \\ \text { to crash } \end{array} \\ \hline \text { A } & 6 & 6 & - - - \\ \hline \text { B } & 10 & 8 & \$ 100 \\ \hline \text { C } & 5 & 4 & \$ 300 \\ \hline \text { D } & 4 & 1 & \$ 700 \\ \hline \text { E } & 9 & 7 & \$ 500 \\ \hline \text { F } & 2 & 1 & \$ 650 \\ \hline \end{array}  -Which activity should be crashed to reduce the project completion time by one day? 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 -Which activity should be crashed to reduce the project completion time by one day?

(Multiple Choice)
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Consider the following network. Consider the following network.    -Identify the critical path. -Identify the critical path.

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The expected project completion time is assumed to be normally distributed.

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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} -Within what amount of time (in weeks) is there a 99% probability that the critical path for this project will be completed?

(Short Answer)
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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 -A dummy activity in a PERT network allows us to

(Multiple Choice)
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The activities that must be completed prior to the start of an activity in question are called the immediate ________ of the activity in question.

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When the earliest start time (ES) of an activity is subtracted from the latest start time (LS) of an activity, the value obtained is called ________.

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On an AOA diagram, a ________ represents the beginning and end of activities, referred to as events.

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Two concurrent activities in a project can be represented in an AOA network by starting and ending on the same node.

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The early start for a non-critical activity is always equal to the earliest finish of the preceding activity.

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Determining project completion time is an element of project planning.

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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 estimated completion time of the project.

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Elements of project planning include

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If the earliest finish for activity C is equal to 10 months and its duration 3 months, what is its earliest start?

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The expected project completion time is assumed to be ________ distributed based on the central limit theorem.

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A GANTT chart represents mainly

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Project teams are made up of individuals from various areas and departments within a company.

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

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