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 variance of the project's total completion time is

Diversity among project team members brings different

For an activity-on-node (AON)network,

Which of the following is not a basic element in a project plan?

Project scheduling is recognized as the most critical element in the project management process.

Which of the following is not one of the basic steps involved in developing a schedule?

The _______________ is a document that provides a common understanding,justification,and expected result for a project.

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project. Table ZZ -Using Table ZZ,how much slack is associated with activity C?

In general,crashing costs decrease as a project's duration is systematically reduced to a target value.

The project management process encompasses

A project consists of the following four activities with activity times in days: Table YY -Using Table YY,the amount of slack associated with activity C is

Managing quality is not an important part of project management.

The estimated mean time for an activity with a most likely time (m)equal to 12 weeks,an optimistic time (a)equal to 9 weeks,and a pessimistic time (b)equal to 18 weeks is

Earned value analysis reports a project's performance by tracking its forecasted completion date and anticipated budget variations.

The critical path is the longest path through the project's network.

Management and control of a companywide portfolio of projects is known as enterprise project management.

Unlike PERT,CPM incorporates probabilistic time estimates into the project management process.

Two key elements of project control are time management and cost management.