Question 1

A project may be defined as a series of related jobs directed toward some major output and requiring a significant period of time to perform.

Accepted Answer

A) True 
 B)False

Question 2

An activity has an optimistic time of 16, a most likely time of 25, and a pessimistic time of 40. What is the expected time for the activity?

Accepted Answer

A)  15 − 20 
B)  20.01 − 25 
C)  25.01 − 30 
D)  30.01 − 35 
E)  Over 35

Question 3

A listing of immediate predecessor activities is important information in a CPM analysis for which of the following reasons?

Accepted Answer

A)  It specifies the relationships in the CPM network of activities. 
B)  It provides useful timing information. 
C)  It includes cost information. 
D)  It is the probability information required in the final step of CPM. 
E)  None of these choices are correct

Question 4

In CPM, the late start time estimate is the latest time you can start an activity and still keep the entire project on schedule.

Accepted Answer

A) True 
 B)False

Question 5

Breakthrough projects are those that provide fundamental improvements to existing products.

Accepted Answer

A) True 
 B)False

Question 6

Derivative projects have high levels of change.

Accepted Answer

A) True 
 B)False

Question 7

You are managing a project and need to cut the cost of the project. You decide to transfer workers to another job to cut the project's costs. Costs associated with transferring the workers are an example of project indirect costs.

Accepted Answer

A) True 
 B)False

Question 8

The project indirect costs associated with a project include overhead, facilities, and resource opportunity costs.

Accepted Answer

A) True 
 B)False

Exam 4: Projects

A project may be defined as a series of related jobs directed toward some major output and requiring a significant period of time to perform.

An activity has an optimistic time of 16, a most likely time of 25, and a pessimistic time of 40. What is the expected time for the activity?

A listing of immediate predecessor activities is important information in a CPM analysis for which of the following reasons?

In CPM, the late start time estimate is the latest time you can start an activity and still keep the entire project on schedule.

Breakthrough projects are those that provide fundamental improvements to existing products.

Derivative projects have high levels of change.

You are managing a project and need to cut the cost of the project. You decide to transfer workers to another job to cut the project's costs. Costs associated with transferring the workers are an example of project indirect costs.

The project indirect costs associated with a project include overhead, facilities, and resource opportunity costs.