Exam 13: Project Management

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project. Table ZZ -Using Table ZZ,the earliest start (ES)time for activity D is

In general,the earliest finish time for an activity is equal to

Which of the following statements is generally true regarding the relationship between project crashing costs and indirect costs?

One disadvantage of Gantt charts,especially for large projects,is that it does not

Issues of cultural diversity in project management should only be addressed if and when they arise.

The estimated variance for an activity with a most likely time (m)equal to 11 days,the optimistic time (a)equal to 6 days,and the pessimistic time (b)equal to 18 days is

Control,one of the basic elements of a project plan,involves a set of procedures for monitoring and evaluating progress and performance.

The three primary elements of project management include planning,scheduling,and costing.

A project consists of the following activities: Table XX -Using Table XX,the critical path for this project consists of activities

Indirect costs always increase as a project's duration increases.

What is a scope statement?

The reduction in one or more activities normal time to shorten the project duration is called

A project consists of the following four activities with activity times in days: Table CC -Using table CC,what is the total allowable crash time for activity B?

A dummy variable is an activity inserted into the AOA network diagram to show a precedence relationship,but does not represent any passage of time.

In project management the term slack refers to the amount of time

A unique,one-time operational activity or effort is referred to as a process.

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project. Table ZZ -Using Table ZZ,the critical path for the project consists of activities

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project. Table ZZ -Using Table ZZ,the probability that the project could be completed in 34 weeks or less is approximately

Crashing activities with positive slack reduces a project's duration.

Briefly discuss project management and what it involves.