Exam 2: Project Management

Table 2.4 -Using Table 2.4,what is the early start time for activity D?

Table 2.12 -Using Table 2.12,if the project's normal earliest completion time is to be reduced by two weeks,what is the minimum additional cost that will be incurred in achieving this two-week reduction?

Table 2.2 -Using Table 2.2,if the expected times for activities A,G,and H increased by 2,3,and 4 weeks,respectively,by how many weeks would the project's earliest expected time of completion increase?

You are given the following information about activity A: What will it cost to complete activity A in 8 weeks?

A risk-management plan contains all identified risks to a project plus the ways that they can be circumvented.

A(n)________ is an interrelated set of activities that has a definite starting and ending point and that results in a unique outcome for a specific allocation of resources.

The project's objective statement should contain:

Table 2.3 -Using Table 2.3,if the project is due to be completed in 28 days,what is the probability that the project will be completed on or before the due date?

A project manager should stop crashing a project if the time budget has been met or if the crash costs have exceeded the savings in indirect and penalty costs.

Figure to accompany Table 2.1 Table 2.1 -Using the information shown in Table 2.1,what is the earliest finish time for activity A?

A project is an interrelated set of activities that has a definite starting and ending point.

A project has three paths.A-B-C has a length of 25 days.A-D-C has a length of 15 days.Finally,A-E-C has a length of 20 days.Which one of the following statements is TRUE?

What characteristics should be considered when selecting project team members? Briefly describe these characteristics for members of a project team assigned to improve a teller's job in a bank.

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

Table 2.11 -Using Table 2.11 and assuming all activities except D,F,H,and K are available to be crashed,what is the minimum cost to be incurred in reducing the total project earliest completion time by one week?

Scope creep is one of the primary causes of project failure.

________ determines the sequence for undertaking activities.

The phase of project management that takes the most resources is the execution phase.

The optimistic time is the probable time required to perform the activity.

Which one of the following statements regarding Figure 2.2 is TRUE? A)Activity S cannot finish until activity T finishes. B)Activity T cannot begin until activity U is completed. C)Activity U cannot begin until activities S and T have been completed. D)Activity V cannot begin until activity S has been completed. Answer: C Reference: Planning Projects Difficulty: Moderate Keywords: activity precedence -If a project has exactly one critical path,which one of the following statements is TRUE?