Exam 7: Project Management

Table 7.9 -Using Table 7.9,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?

Which activity should be crashed first for the project shown in Table 7.7?

Table 7.14 You are responsible for managing a project with the following activities (times are given in weeks). -Using Table 7.14,what is the probability of completing the project in 29 or fewer weeks?

Table 7.6 -Using Table 7.6,suppose activity I is delayed,taking eight days to complete instead of two days.Assume all other activity times remain the same.How much longer will the total project earliest completion time become?

If a project has exactly one critical path,which of the following statements is TRUE?

Explain the importance of the critical path in project management.

Table 7.9 -Using Table 7.9,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?

What options do project managers have to alleviate resource problems? Briefly describe each method.

A pure project organizational structure houses the project in a specific functional area.

When using the beta distribution for estimating activity times:

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

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

The ________ is the sequence of activities between a project's start and finish that takes the longest time to complete.

Table 7.14 You are responsible for managing a project with the following activities (times are given in weeks). -Using Table 7.14,what is the probability that the project will take 16 or more weeks to complete?

Activity slack is defined as:

Table 7.2 -Using Table 7.2,what is the earliest expected time of completion of the whole project?

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

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

________ is the maximum length of time that an activity can be delayed without delaying the entire project.

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