Exam 2: Project Management

Table 2.3 -Using Table 2.3,what is the earliest expected time of completion of the whole project?

Table 2.4 -Using Table 2.4,what is the minimum number of activities that would have to be crashed to cause a decrease in the project's earliest completion date?

If the sum of the variances on the critical path (and all other network paths)is equal to zero,what is the probability that the project will be completed by its earliest expected completion date?

Table 2.3 -Using Table 2.3,if the project manager wants at least a 98% probability that the project will be completed on or before the due date,what is the shortest project due date that will satisfy the manager?

Draw the network corresponding to the following information.Also,complete the table,identify the critical path,and specify project completion time.

Assume that activity G has the following times: Early start time = 7 days Early finish time = 13 days Late start time = 15 days Late finish time = 21 days Which of the following statements is TRUE about activity G?

Projects often cut across organizational lines.

Table 2.16 Four possible options exist to crash activities: crash A by one week at a cost of $6,000;crash C by two weeks at a cost of $15,000;crash E by one week at a cost of $2,000;and crash I one week at a cost of $7,000.What is the maximum amount of additional profit that can be made by crashing an option (or options)? A)less than or equal to $4,000 B)greater than $4000 but less than or equal to $8,000 C)greater than $8000 but less than or equal to $12,000 D)greater than $12,000 Answer: B Reference: Planning Projects Difficulty: Moderate Keywords: activity crashing,project completion AACSB: Analytic skills -A good risk management plan will contain which of these elements?

Table 2.5 -Using Table 2.5,what is the variance for activity F?

The following table contains a list of activities,with early- and late-start and finish times and crash costs for the network shown in the figure.All start and finish times and crash costs are on a per-week basis.Each activity can be reduced by one week at the most. a.Determine the uncrashed activity lengths for activities A though K. b.Determine the minimum completion cost for this project if each week carries a fixed cost of $1,000.

Table 2.5 -Using Table 2.5,what is the latest finish time for activity D?

In an activity-on-node [AON] network,the nodes represent ________,whereas the arcs represent ________.

The work breakdown structure is a statement of all work that has to be completed.

Heidi was part of a project team that retained their roles within the organization and was on loan to the project due to her technical expertise.In effect,she reported to two bosses,one in her functional area and also to the project manager.Heidi is operating within a(n)________ organizational structure.

The phase of project management that takes the most resources is the ________,during which managers focus on activities that pertain to deliverables.

Table 2.14 You are responsible for managing a project with the following activities (times are given in weeks). -Using Table 2.14,what is the probability that the project will take 16 or more weeks to complete?

Figure to accompany Table 2.9 Table 2.9 -What is the crashing cost per week for activity E in Table 2.9?

Figure to accompany Table 2.9 Table 2.9 -If a decision is made to crash activity D in Table 2.9 by one week,what is the cost for this one week of crashing?

Table 2.12 -Using Table 2.12,what is the minimum time schedule for this project?

Table 2.14 You are responsible for managing a project with the following activities (times are given in weeks). -Using Table 2.14,what is the critical path and expected completion time for this project?