Question 1

A project is composed of the twelve activities shown in the table.What are the early and late start times for each of these activities?

Accepted Answer

The answer of A project is composed of the twelve...

Question 2

A forward pass through a network is used to determine the earliest start and finish times for each project activity.

Accepted Answer

A) True 
 B)False  True

Question 3

A performance or time target for each major group of activities in a project is a(n)________.

Accepted Answer

milestone

Question 4

Performance or time targets for each major group of activities in a project are set during the planning phase of a project.

Accepted Answer

A) True 
 B)False

Question 5

What is the latest that activity D can start if A is 5 days,B is 7 days,C is 4 days,D is 5 days,E is 7 days,and F is 6 days long?

Accepted Answer

A)  14
B)  15
C)  16
D)  17

Question 6

Discuss the recent business trends that have increased the attention and interest in project management skills.

Accepted Answer

The answer of Discuss the recent business trends that have...

Question 7

The project shown below has crash costs as shown in the table.What is the minimum completion cost for this project that has a fixed cost of $1000 per day?

Accepted Answer

The answer of The project shown below has crash costs...

Question 8

A project is comprised of 6 activities that have durations and precedence requirements shown in the table.Which of these activities is not on the critical path?

Accepted Answer

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

Question 9

What is the latest that activity B can start if A is 35 days,B is 5 days,C is 6 days,and D is 7 days long?

Accepted Answer

A)  35
B)  36
C)  40
D)  41

Question 10

Project planners develop a broad definition of what the project is and what its scope will be during the:

Accepted Answer

A)  concept phase.
B)  project definition phase.
C)  planning phase.
D)  performance phase.

Question 11

Most project management software represents a project in AON format.

Accepted Answer

A) True 
 B)False

Question 12

An expectation that a new building's foundation would be poured and cured by the end of the year is an example of a(n):

Accepted Answer

A)  activity.
B)  scope.
C)  milestone.
D)  precedence.

Question 13

A hatmaker,fresh off a very successful showing at Lidzapalooza is excited about the prospects of providing the finest chapeaus to meet the needs of his energized customer base in the coming year.He and his space designer have identified seven activities that are necessary to expand his small shop.For the sake of simplicity,and to avoid giving away any trade secrets,the activities have been identified by letters A-G.The activities,their time estimates,and the precedence requirements structure are listed in the table immediately below.
 
-Which of these statements is BEST?

Accepted Answer

A)  Only four of these activities have zero slack.
B)  The late finish of D minus the late finish of C is less than the slack of B.
C)  B's late start plus its slack equals F's late finish.
D)  The sum of the late start values for activities A through E is less than the sum of the late start values for F and G.

Question 14

________ is a technique to shorten the overall length of the project that usually involves a trade-off between time and cost.

Accepted Answer

The answer of ________ is a technique to shorten the...

Question 15

PERT is an acronym meaning:

Accepted Answer

A)  Project Evaluation and Review Technique.
B)  Project Execution and Review Technique.
C)  Program Evaluation and Review Technique.
D)  Plan Estimation and Review Technique.

Question 16

The Guide to the Project Management Body of Knowledge (PMBOK®)is divided into two main parts,the various business processes that organizations follow in carrying out projects and the nine knowledge areas applicable to nearly all projects.

Accepted Answer

A) True 
 B)False

Question 17

A hatmaker,fresh off a very successful showing at Lidzapalooza is excited about the prospects of providing the finest chapeaus to meet the needs of his energized customer base in the coming year.He and his space designer have identified seven activities that are necessary to expand his small shop.For the sake of simplicity,and to avoid giving away any trade secrets,the activities have been identified by letters A-G.The activities,their time estimates,and the precedence requirements structure are listed in the table immediately below.
 
-Which of these activities has slack?

Accepted Answer

A)  G
B)  E
C)  F
D)  D

Question 18

The budget estimates made during the concept phase are usually accurate to within:

Accepted Answer

A)  20 percent.
B)  30 percent.
C)  40 percent.
D)  50 percent.

Question 19

What is the fastest completion time of the project with activity lengths (in days)and precedence requirements as shown in the table?

Accepted Answer

A)  22
B)  25
C)  27
D)  30

Question 20

What is the total cost to complete this project as quickly as possible if each day on site costs $1000?

Accepted Answer

A)  $43,100
B)  $40,300
C)  $39,300
D)  $41,900

Exam 16: Managing Projects

A project is composed of the twelve activities shown in the table.What are the early and late start times for each of these activities?

A forward pass through a network is used to determine the earliest start and finish times for each project activity.

A performance or time target for each major group of activities in a project is a(n)________.

Performance or time targets for each major group of activities in a project are set during the planning phase of a project.

What is the latest that activity D can start if A is 5 days,B is 7 days,C is 4 days,D is 5 days,E is 7 days,and F is 6 days long?

Discuss the recent business trends that have increased the attention and interest in project management skills.

The project shown below has crash costs as shown in the table.What is the minimum completion cost for this project that has a fixed cost of $1000 per day?

A project is comprised of 6 activities that have durations and precedence requirements shown in the table.Which of these activities is not on the critical path?

What is the latest that activity B can start if A is 35 days,B is 5 days,C is 6 days,and D is 7 days long?

Project planners develop a broad definition of what the project is and what its scope will be during the:

Most project management software represents a project in AON format.

An expectation that a new building's foundation would be poured and cured by the end of the year is an example of a(n) :

________ is a technique to shorten the overall length of the project that usually involves a trade-off between time and cost.

PERT is an acronym meaning:

The Guide to the Project Management Body of Knowledge (PMBOK®)is divided into two main parts,the various business processes that organizations follow in carrying out projects and the nine knowledge areas applicable to nearly all projects.

The budget estimates made during the concept phase are usually accurate to within:

What is the fastest completion time of the project with activity lengths (in days) and precedence requirements as shown in the table?

What is the total cost to complete this project as quickly as possible if each day on site costs $1000?