Question 1

Project close out consists of a)completing the remaining deliverables and b)paying the final bills.

Accepted Answer

A) True 
 B)False

Question 2

The earliest start time for an activity is equal to the:

Accepted Answer

A) smallest earliest finish time of all of its immediate predecessors. 
B) largest earliest finish time of all of its immediate predecessors. 
C) smallest late start time of any of its immediate predecessors. 
D) largest late finish time of all of its immediate predecessors. 
A) smallest earliest finish time of all of its immediate predecessors. 
B) largest earliest finish time of all of its immediate predecessors. 
C) smallest late start time of any of its immediate predecessors. 
D) largest late finish time of all of its immediate predecessors.

Question 3

The network diagram is a planning method that is designed to depict the relationships between activities.

Accepted Answer

A) True 
 B)False

Question 4

Projects,and the application of project management,facilitate the implementation of operations strategy.

Accepted Answer

A) True 
 B)False

Question 5

Information accuracy relative to the completeness of the work breakdown structure and communication of timely information affect the:

Accepted Answer

A) strategic fit risk of a project. 
B) operations risk of a project. 
C) service/product attribute risk of a project. 
D) cost/benefit risk of a project. 
A) strategic fit risk of a project. 
B) operations risk of a project. 
C) service/product attribute risk of a project. 
D) cost/benefit risk of a project.

Question 6

Fig.2.1  
-For the network shown in Fig.2.1,which of the following is the critical path?

Accepted Answer

A) ABCDEF 
B) ABEF 
C) ACDF 
D) ACEF 
A) ABCDEF 
B) ABEF 
C) ACDF 
D) ACEF

Question 7

The probability that a project will be completed by its earliest expected completion date is:

Accepted Answer

A) 50 percent. 
B) 95 percent. 
C) 100 percent. 
D) impossible to determine. 
A) 50 percent. 
B) 95 percent. 
C) 100 percent. 
D) impossible to determine.

Question 8

Following are four sets of most optimistic,most likely,and most pessimistic times (in weeks)for an activity.Which one of the four sets will have a mean estimated time equal to the most likely time?

Accepted Answer

A) 1,9,9 
B) 1,5,9 
C) 1,1,9 
D) 1,5,5 
A) 1,9,9 
B) 1,5,9 
C) 1,1,9 
D) 1,5,5

Question 9

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

Accepted Answer

A) one activity 
B) two activities 
C) three activities 
D) four or more activities 
A) one activity 
B) two activities 
C) three activities 
D) four or more activities

Question 10

________ is an attempt to reduce the peaks and valleys in resource needs by shifting the schedules of conflicting activities within their earliest and latest start dates.

Accepted Answer

The answer of ________ is an attempt to reduce the...

Question 11

The ________ is determined by starting with the normal time schedule and crashing activities along the critical path in such a way that the costs of crashing do not exceed the savings in indirect and penalty costs.

Accepted Answer

minimum-co

Question 12

A plan that identifies key threats to a project and prescribes ways to circumvent them is called a:

Accepted Answer

A) project plan. 
B) contingency plan. 
C) backup plan. 
D) risk management plan. 
A) project plan. 
B) contingency plan. 
C) backup plan. 
D) risk management plan.

Question 13

What are the primary responsibilities of a Project Manager? Briefly describe these responsibilities for a project manager whose team is purchasing a new machine and installing it in a manufacturing process.

Accepted Answer

Best answers will include the following

Question 14

In a network diagram,an activity:

Accepted Answer

A) is the largest unit of work effort consuming both time and resources that a project manager can schedule and control. 
B) is the smallest unit of work effort consuming both time and resources that a project manager can schedule and control. 
C) should always be something the company has had experience with. 
D) must always have a single,precise estimate for the time duration. 
A) is the largest unit of work effort consuming both time and resources that a project manager can schedule and control. 
B) is the smallest unit of work effort consuming both time and resources that a project manager can schedule and control. 
C) should always be something the company has had experience with. 
D) must always have a single,precise estimate for the time duration.

Question 15

Table 2.6
  
-Using Table 2.6,every day the construction crew is on-site costs $1000.What activities would you consider crashing to reduce the project completion cost?

Accepted Answer

A) Activity E 
B) Activity F 
C) Activity G 
D) All of these activities would be candidates for crashing. 
A) Activity E 
B) Activity F 
C) Activity G 
D) All of these activities would be candidates for crashing.

Question 16

Table 2.12  
-Using Table 2.12,if the project completion time has to be reduced by one week,which of the following activities should be crashed to minimize the extra cost of earlier completion?

Accepted Answer

A) Activity B 
B) Activity E 
C) Activity H 
D) Activity J 
A) Activity B 
B) Activity E 
C) Activity H 
D) Activity J

Question 17

Table 2.4
  
-Using Table 2.4,what is the slack associated with activity B?

Accepted Answer

A) 1 week 
B) 2 weeks 
C) 3 weeks 
D) None of these is the correct activity slack for B. 
A) 1 week 
B) 2 weeks 
C) 3 weeks 
D) None of these is the correct activity slack for B.

Question 18

Why is identifying which path is the critical path important in a project management?

Accepted Answer

The critical path of activities determin

Question 19

Table 2.10
  
-Using Table 2.10,what is the earliest possible completion time for activity E after crashing?

Accepted Answer

A) day 11 
B) day 13 
C) day 15 
D) day 17 
A) day 11 
B) day 13 
C) day 15 
D) day 17

Question 20

Activity times for a project are estimated by all but which of the following methods?

Accepted Answer

A) Methods-Time Measurement (MTM)data,which includes predetermined time estimates for different activities 
B) managerial opinions based on similar prior experiences 
C) statistical methods based on actual past experience 
D) estimates using learning curve models to improve replications and estimate accuracy 
A) Methods-Time Measurement (MTM)data,which includes predetermined time estimates for different activities 
B) managerial opinions based on similar prior experiences 
C) statistical methods based on actual past experience 
D) estimates using learning curve models to improve replications and estimate accuracy

Exam 2: Project Management

Project close out consists of a)completing the remaining deliverables and b)paying the final bills.

The earliest start time for an activity is equal to the:

The network diagram is a planning method that is designed to depict the relationships between activities.

Projects,and the application of project management,facilitate the implementation of operations strategy.

Information accuracy relative to the completeness of the work breakdown structure and communication of timely information affect the:

Fig.2.1 -For the network shown in Fig.2.1,which of the following is the critical path?

The probability that a project will be completed by its earliest expected completion date is:

Following are four sets of most optimistic,most likely,and most pessimistic times (in weeks)for an activity.Which one of the four sets will have a mean estimated time equal to the most likely time?

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

________ is an attempt to reduce the peaks and valleys in resource needs by shifting the schedules of conflicting activities within their earliest and latest start dates.

The ________ is determined by starting with the normal time schedule and crashing activities along the critical path in such a way that the costs of crashing do not exceed the savings in indirect and penalty costs.

A plan that identifies key threats to a project and prescribes ways to circumvent them is called a:

What are the primary responsibilities of a Project Manager? Briefly describe these responsibilities for a project manager whose team is purchasing a new machine and installing it in a manufacturing process.

In a network diagram,an activity:

Table 2.6 -Using Table 2.6,every day the construction crew is on-site costs $1000.What activities would you consider crashing to reduce the project completion cost?

Table 2.12 -Using Table 2.12,if the project completion time has to be reduced by one week,which of the following activities should be crashed to minimize the extra cost of earlier completion?

Table 2.4 -Using Table 2.4,what is the slack associated with activity B?

Why is identifying which path is the critical path important in a project management?

Table 2.10 -Using Table 2.10,what is the earliest possible completion time for activity E after crashing?

Activity times for a project are estimated by all but which of the following methods?

Using Operations to Compete

Process Strategy

Process Analysis

Quality and Performance

Capacity Planning

Constraint Management

Lean Systems

Supply Chain Inventory Management

Supply Chain Design

Supply Chain Location Decisions

Supply Chain Integration

Supply Chain Sustainability and Humanitarian Logistics

Forecasting

Operations Planning and Scheduling

Resource Planning

Decision Making

Waiting Line

Special Inventory Models

Linear Programming

Simulation

Financial Analysis

Acceptance Sampling Plans

Measuring Output Rates

Learning Curve Analysis

Operations Scheduling

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