Question 1

A good risk management plan will contain which of these elements?

Accepted Answer

A) the project manager's tolerance level for risk 
B) the number of acceptable outcomes 
C) a prediction of the impact of each risk on the project 
D) the number of unacceptable outcomes 
A) the project manager's tolerance level for risk 
B) the number of acceptable outcomes 
C) a prediction of the impact of each risk on the project 
D) the number of unacceptable outcomes

Question 2

Table 7.8
  
-Using Table 7.8,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 3

Risk is a measure of the probability and consequences of not reaching a defined project goal.

Accepted Answer

A) True 
 B)False

Question 4

Which of these step comes first in the project life cycle?

Accepted Answer

A) close out 
B) definition and organization 
C) execution 
D) planning 
A) close out 
B) definition and organization 
C) execution 
D) planning

Question 5

The project manager and team can step back and examine how the project work was accomplished during the ________ phase of the project.

Accepted Answer

The answer of The project manager and team can step...

Question 6

A company could add $10,000 per week in revenues if the project depicted in Table 7.10 could be shortened. Table 7.10
  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)?

Accepted Answer

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 
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

Question 7

Table 7.8
  
-Using Table 7.8,what is the activity with the greatest amount of slack?

Accepted Answer

A) A 
B) B 
C) C 
D) D 
A) A 
B) B 
C) C 
D) D

Question 8

Table 7.6
  
-Using Table 7.6,what is the latest start time for activity A?

Accepted Answer

A) day 0 
B) day 1 
C) day 2 
D) day 3 or later 
A) day 0 
B) day 1 
C) day 2 
D) day 3 or later

Question 9

Table 7.2  
-Using Table 7.2,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?

Accepted Answer

A) fewer than or equal to 2 weeks 
B) greater than 2 weeks but fewer than or equal to 4 weeks 
C) greater than 4 weeks but fewer than or equal to 6 weeks 
D) greater than 6 weeks 
A) fewer than or equal to 2 weeks 
B) greater than 2 weeks but fewer than or equal to 4 weeks 
C) greater than 4 weeks but fewer than or equal to 6 weeks 
D) greater than 6 weeks

Question 10

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.

Accepted Answer

The answer of A(n)________ is an interrelated set of activities...

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

Disaster strikes and activity F takes 20 days instead of the anticipated 5 days.Using Table 7.5,how much longer will the project last than initially estimated?

Accepted Answer

A) 15 days 
B) 0 days 
C) 7 days 
D) 3 days 
A) 15 days 
B) 0 days 
C) 7 days 
D) 3 days

Question 13

Table 7.5
  
-Using Table 7.5,what is the earliest that activity D can be finished?

Accepted Answer

A) 18 days 
B) 8 days 
C) 13 days 
D) 25 days 
A) 18 days 
B) 8 days 
C) 13 days 
D) 25 days

Question 14

Table 7.4
  
-Using Table 7.4,what is the minimum number of activities that would have to be crashed to cause a decrease in the project's earliest completion date?

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 15

Figure to accompany Table 7.1   Table 7.1
  
-Using the information shown in Table 7.1,what is the project duration?

Accepted Answer

A) 15 
B) 14 
C) 12 
D) 10 
A) 15 
B) 14 
C) 12 
D) 10

Question 16

Table 7.13
All activity times for the project are in weeks.
  
-Using Table 7.13,if the expected time for activity H is changed to 25 weeks,by how many weeks will the project's expected completion time increase?

Accepted Answer

A) It will increase by one week. 
B) It will increase by three weeks. 
C) It will increase by two weeks. 
D) It will increase by four weeks. 
A) It will increase by one week. 
B) It will increase by three weeks. 
C) It will increase by two weeks. 
D) It will increase by four weeks.

Question 17

How many week(s)of crashing are available for activity B in Table 7.7?

Accepted Answer

A) 0 
B) 1 
C) 2 
D) 3 
A) 0 
B) 1 
C) 2 
D) 3

Question 18

What is the crashing cost per week for activity E in Table 7.7?

Accepted Answer

A) $1,000 
B) $2,000 
C) $3,000 
D) This activity cannot be crashed. 
A) $1,000 
B) $2,000 
C) $3,000 
D) This activity cannot be crashed.

Question 19

Table 7.3  
-Using Table 7.3,what is the earliest expected time of completion of the whole project?

Accepted Answer

A) fewer than or equal to 21 days 
B) greater than 21 but fewer than or equal to 22 days 
C) greater than 22 but fewer than or equal to 23 days 
D) greater than 23 days 
A) fewer than or equal to 21 days 
B) greater than 21 but fewer than or equal to 22 days 
C) greater than 22 but fewer than or equal to 23 days 
D) greater than 23 days

Question 20

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

Accepted Answer

The answer of The phase of project management that takes...

Exam 7: Project Management

A good risk management plan will contain which of these elements?

Table 7.8 -Using Table 7.8,what is the earliest possible completion time for activity E after crashing?

Risk is a measure of the probability and consequences of not reaching a defined project goal.

Which of these step comes first in the project life cycle?

The project manager and team can step back and examine how the project work was accomplished during the ________ phase of the project.

Table 7.8 -Using Table 7.8,what is the activity with the greatest amount of slack?

Table 7.6 -Using Table 7.6,what is the latest start time for activity A?

Table 7.2 -Using Table 7.2,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?

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.

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

Disaster strikes and activity F takes 20 days instead of the anticipated 5 days.Using Table 7.5,how much longer will the project last than initially estimated?

Table 7.5 -Using Table 7.5,what is the earliest that activity D can be finished?

Table 7.4 -Using Table 7.4,what is the minimum number of activities that would have to be crashed to cause a decrease in the project's earliest completion date?

Figure to accompany Table 7.1 Table 7.1 -Using the information shown in Table 7.1,what is the project duration?

Table 7.13 All activity times for the project are in weeks. -Using Table 7.13,if the expected time for activity H is changed to 25 weeks,by how many weeks will the project's expected completion time increase?

How many week(s)of crashing are available for activity B in Table 7.7?

What is the crashing cost per week for activity E in Table 7.7?

Table 7.3 -Using Table 7.3,what is the earliest expected time of completion of the whole project?

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

Using Operations to Create Value

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Quality and Performance

Capacity Planning

Constraint Management

Lean Systems

Forecasting

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Resource Planning

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Supply Chain Integration

Supply Chain Sustainability

Decision Making

Waiting Lines

Special Inventory Models

Linear Programming

Simulation

Financial Analysis

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