Exam 8: Project Management

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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}  -Determine which activities should be crashed to shorten the project by 1 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 -Determine which activities should be crashed to shorten the project by 1 day.

(Short Answer)
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The critical path is the longest path through the project network.

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A work breakdown structure breaks down a project into subcomponents, components, activities, and tasks.

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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 time that activity B can finish without delaying any other activities?

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The critical path activities have no ________.

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Slack is the amount of time an activity can be delayed without delaying the project.

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Given the following information for a project, what are the estimated slack times (in weeks) for activities A-H? 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 CP = Critical Path

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Once a project is underway, the project manager is responsible for the

(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 is the probability that the critical path for this project will be completed within 75 weeks?

(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 -Determine the slack for activity D.

(Multiple Choice)
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An element of project planning is to compare the project schedule objectives.

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A statement of work is a written description of the goals, work, and time frame of a project.

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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}  -Determine which activities should be crashed to shorten the project by 2 days. 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 2 days.

(Short Answer)
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When applying linear programming models to project planning, the objective is to minimize ________.

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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 expected time (in days) of this activity is:

(Multiple Choice)
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The standard deviation of project duration is the average of the standard deviation of all activities on the critical path.

(True/False)
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