Question 1

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

Accepted Answer

A) less than or equal to $24,000 
B) greater than $24,000 but less than or equal to $27,000 
C) greater than $27,000 but less than or equal to $30,000 
D) greater than $30,000 
A) less than or equal to $24,000 
B) greater than $24,000 but less than or equal to $27,000 
C) greater than $27,000 but less than or equal to $30,000 
D) greater than $30,000

Question 2

You are given the following information about activity F:   What is the normal cost for activity F?

Accepted Answer

A) greater than or equal to $55,000 
B) less than $55,000 but greater than or equal to $47,000 
C) less than $47,000 but greater than or equal to $40,000 
D) less than $40,000 
A) greater than or equal to $55,000 
B) less than $55,000 but greater than or equal to $47,000 
C) less than $47,000 but greater than or equal to $40,000 
D) less than $40,000

Question 3

If a decision is made to crash activity D in Table 7.7 by one week,what is the cost for this one week of crashing?

Accepted Answer

A) $3,000 
B) $2,000 
C) $2,500 
D) This activity cannot be crashed. 
A) $3,000 
B) $2,000 
C) $2,500 
D) This activity cannot be crashed.

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

The earliest start time is never the same as the latest start time.

Accepted Answer

A) True 
 B)False

Question 6

The project's objective statement should contain:

Accepted Answer

A) slack time and activities. 
B) scope,time frame,and allocated resources. 
C) strengths and weaknesses of subcontractors. 
D) activities,completion times,and incentives. 
A) slack time and activities. 
B) scope,time frame,and allocated resources. 
C) strengths and weaknesses of subcontractors. 
D) activities,completion times,and incentives.

Question 7

Which of these is NOT one of the four categories of project risk?

Accepted Answer

A) cost/benefit 
B) operations 
C) strategic fit 
D) project team capability 
A) cost/benefit 
B) operations 
C) strategic fit 
D) project team capability

Question 8

Table 7.3  
-Using Table 7.3,which activity is on the critical path?

Accepted Answer

A) Activity D 
B) Activity F 
C) Activity G 
D) Activity K 
A) Activity D 
B) Activity F 
C) Activity G 
D) Activity K

Question 9

How many weeks of crashing are available for activity C in Table 7.7?

Accepted Answer

A) 0 
B) 1 
C) 2 
D) 6 
A) 0 
B) 1 
C) 2 
D) 6

Question 10

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 11

Fig.7.2   Which one of the following statements regarding Figure 7.2 is TRUE?

Accepted Answer

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. 
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.

Question 12

Table 7.4
  
-Using Table 7.4,what is the earliest completion time for this project?

Accepted Answer

A) 18 weeks 
B) 19 weeks 
C) 20 weeks 
D) 21 weeks 
A) 18 weeks 
B) 19 weeks 
C) 20 weeks 
D) 21 weeks

Question 13

Table 7.5
  
-Using Table 7.5,what is the latest start time for activity E?

Accepted Answer

A) day 8 
B) day 10 
C) day 12 
D) day 14 
A) day 8 
B) day 10 
C) day 12 
D) day 14

Question 14

Consider a project that consists of three consecutive activities of equal length as shown in the network diagram.The project manager would like to complete the project as quickly as possible and realizes that the diagram's logic is misleading.Instead of waiting until activity A is completed before activity B can begin,he can actually begin activity B once activity A has begun.The same reasoning holds for the relationship between activity B and activity C.The project manager decides to divide each activity in half,a technique known as "laddering".The second diagram shows the new network logic.In this diagram,activity A is divided into activity A1 and A2 where A1 must be finished before A2 can begin and before B1 can begin.The manager still isn't satisfied with the completion time of the project.Derive an expression or draw a diagram that demonstrates the fastest possible completion time of the project.

Accepted Answer

The original length of the project is A+

Question 15

Figure to accompany Table 7.1   Table 7.1
  
-Using the information shown in Table 7.1,what is the latest start time for activity E?

Accepted Answer

A) 2 
B) 3 
C) 5 
D) 8 
A) 2 
B) 3 
C) 5 
D) 8

Question 16

Figure to accompany Table 7.1   Table 7.1
  
-Using the information shown in Table 7.1,what is the earliest finish time for activity A?

Accepted Answer

A) 0 
B) 2 
C) 3 
D) 4 
A) 0 
B) 2 
C) 3 
D) 4

Question 17

Table 7.4
  
-Using Table 7.4,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 18

Table 7.8
  
-Using Table 7.8,what is the minimum completion time for this project after crashing?

Accepted Answer

A) 23 days 
B) 21 days 
C) 19 days 
D) 17 days 
A) 23 days 
B) 21 days 
C) 19 days 
D) 17 days

Question 19

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?

Accepted Answer

A) A-D-C is the critical path. 
B) A-B-C has the most slack. 
C) The expected duration of this project is 25 days. 
D) The expected duration of this project is 25 + 15 + 20 = 60 days. 
A) A-D-C is the critical path. 
B) A-B-C has the most slack. 
C) The expected duration of this project is 25 days. 
D) The expected duration of this project is 25 + 15 + 20 = 60 days.

Question 20

Table 7.3  
-Using Table 7.3,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?

Accepted Answer

A) less than or equal to 75% 
B) greater than 75% but less than or equal to 85% 
C) greater than 85% but less than or equal to 95% 
D) greater than 95% 
A) less than or equal to 75% 
B) greater than 75% but less than or equal to 85% 
C) greater than 85% but less than or equal to 95% 
D) greater than 95%

Exam 7: Project Management

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

You are given the following information about activity F: What is the normal cost for activity F?

If a decision is made to crash activity D in Table 7.7 by one week,what is the cost for this one week of crashing?

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

The earliest start time is never the same as the latest start time.

The project's objective statement should contain:

Which of these is NOT one of the four categories of project risk?

Table 7.3 -Using Table 7.3,which activity is on the critical path?

How many weeks of crashing are available for activity C in Table 7.7?

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

Fig.7.2 Which one of the following statements regarding Figure 7.2 is TRUE?

Table 7.4 -Using Table 7.4,what is the earliest completion time for this project?

Table 7.5 -Using Table 7.5,what is the latest start time for activity E?

Figure to accompany Table 7.1 Table 7.1 -Using the information shown in Table 7.1,what is the latest start time for activity E?

Figure to accompany Table 7.1 Table 7.1 -Using the information shown in Table 7.1,what is the earliest finish time for activity A?

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

Table 7.8 -Using Table 7.8,what is the minimum completion time for this project after crashing?

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?

Table 7.3 -Using Table 7.3,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?

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