Deck 12: Project Management

Question 1

A Gantt chart provides a visual display of the project schedule that includes scheduled start times,finish times and available slack.

Answer 1

True

Question 2

The three major components of project management include planning,scheduling,and costing.

Answer 2

False

Question 3

Two key elements of project control are time management and cost management.

Answer 3

True

Question 4

Managing quality is not an important part of project management.

Question 5

In general,projects are subject to less uncertainty than other types of processes.

Question 6

A unique,one-time operational activity or effort is referred to as a process.

Question 7

The upper level of a work breakdown structure for a project highlights summary activities and/or major components.

Question 8

Slack represents the amount of time an activity can be delayed without delaying the project completion time.

Question 9

Management and control of a companywide portfolio of projects is known as enterprise project management.

Question 10

The principles of total quality management (TQM)cannot be applied to project management.

Question 11

Project scope involves a set of procedures for anticipating and assessing uncertainties that might increase the risk of delaying the project.

Question 12

Enterprise project management refers to the management and control of a large,complex project.

Question 13

Project control involves monitoring a project and measuring its progress toward a successful completion.

Question 14

A project team is typically cross-functional consisting of members throughout an organization.

Question 15

PERT stands for program enterprise and resource technique.

Question 16

Earned value analysis reports a project's performance by tracking its forecasted completion date and anticipated budget variations.

Question 17

A work breakdown structure provides a common understanding of and justification for a project.

Question 18

Project planning involves a set of procedures for monitoring and evaluating progress and performance.

Question 19

With an activity-on-node (AON)network diagram,the nodes indicate the precedence relationships and the arrows represent the project's activities.

Question 20

Project scheduling is recognized as the most critical element in the project management process.

Question 21

Microsoft Project is a software package that supports PERT but not CPM.

Question 22

Issues of cultural diversity in project management should only be addressed if and when they arise.

Question 23

Unlike PERT,CPM incorporates probabilistic time estimates into the project management process.

Question 24

A(n)___ is a project team structure that includes members from different functional areas.

A)matrix organization
B)project network
C)organizational breakdown structure
D)work breakdown structure

Question 25

The project management process encompasses

A)planning.
B)scheduling.
C)control.
D)all of the above.

Question 26

A project's duration can be reduced by crashing activities on the critical path.

Question 27

Crashing activates with positive slack reduces a project's duration.

Question 28

A dummy activity is an activity inserted into the network diagram to show a precedence relationship,but does not represent any passage of time.

Question 29

A ___ breaks down a project into components,subcomponents,activities,and tasks.

A)work breakdown structure (WBS)
B)scope statement
C)responsibility assignment matrix (RAM)
D)organizational breakdown structure (OBS)

Question 30

The earliest start time for an activity is at time zero.

Question 31

Activities that are not on a project's critical path have zero slack.

Question 32

Which of the following is not a general characteristic of a project?

A)A project has a unique purpose.
B)A project has more certainty.
C)A project has more uncertainty.
D)A project often draws resources from various areas in the organization.

Question 33

In general,crashing costs decrease as a project's duration is shortened.

Question 34

Because the critical path is the shortest path through a network it defines the minimum project completion time.

Question 35

Indirect costs always increase as a project's duration decreases.

Question 36

Asian cultures tend to embrace project management's methodical approach more than western cultures.

Question 37

Global projects rarely are concerned with cultural differences among team members because English is the universal business language.

Question 38

Which of the following is not a basic element in a project plan?

A)objectives
B)personnel
C)contract requirements
D)All the above are basic elements.

Question 39

The critical path is the shortest path through the project's network.

Question 40

The ___ is a document that provides a common understanding,justification,and expected result for a project.

A)statement of work
B)work breakdown structure
C)scope statement.
D)responsibility assignment matrix

Question 41

The longest path through a project network is referred to as the

A)activity-on-node path.
B)path of greatest slack.
C)critical path.
D)noncritical path.

Question 42

In general,the latest finish time for an activity is equal to

A)latest finish time minus the activity time estimate.
B)the minimum of the latest start times for the activities that immediately follow.
C)the maximum of the latest start times for the activities that immediately follow.
D)the average of the latest start times for the activities that immediately follow.

Question 43

The slack time for an activity can be computed as

A)latest start time (LS)- latest finish time (LF).
B)earliest start time (ES)+ earliest finish time (EF).
C)latest start time (LS)- earliest start time (ES).
D)latest finish time (LF)+ earliest finish time (EF).

Question 44

A project consists of the following activities: Table 9.1
Using Table 9.1,the earliest finish (EF)time for activity D is

A)7 weeks.
B)13 weeks.
C)20 weeks.
D)30 weeks.

Question 45

Using Table 9.1,the latest start (LS)time for activity B is

A)5 weeks.
B)8 weeks.
C)13 weeks.
D)14 weeks.

Question 46

For activities on a project's critical path

A)earliest start time (ES)equals latest start time (LS).
B)earliest start time (ES)is greater than latest start time (LS).
C)earliest start time (ES)is less than latest start time (LS).
D)earliest start time (ES)equals latest finish time (LF).

Question 47

In project management,the term slack refers to the amount of time

A)to complete an activity without delaying the project.
B)an activity can be delayed without delaying the project.
C)needed to complete the entire project.
D)required to complete the project's critical activities.

Question 48

The ___ probability distribution is typically used to describe uncertain activity times in a project.

A)beta
B)normal
C)binomial
D)exponential

Question 49

The key elements of project control includes all the following except

A)time management.
B)cost management.
C)material management.
D)communication.

Question 50

The estimated variance for an activity with a most likely time (m)equal to 11 days,the optimistic time (a)equal to 6 days,and the pessimistic time (b)equal to 18 days is

A)2 days.
B)4 days.
C)6 days.
D)11 days.

Question 51

One disadvantage of a Gantt chart,especially for large projects,is that it does not

A)clearly show precedence relationships.
B)indicate activity start times.
C)indicate activity finish times.
D)use bars to represent activities.

Question 52

For an activity-on-node (AON)network

A)arrows represent activities and nodes represent events.
B)nodes represent activities and arrows indicate precedence relationships.
C)arrows represent events and nodes indicate precedence relationships.
D)nodes indicate precedence relationships and arrows indicates the length of the activity time.

Question 53

The estimated mean time for an activity with a most likely time (m)equal to 11 days,the optimistic time (a)equal to 6 days,and the pessimistic time (b)equal to 18 days is

A)9.67 days.
B)11 days.
C)11.33 days.
D)11.67 days.

Question 54

Using Table 9.1,the earliest start time for activity F is

A)30 weeks.
B)20 weeks.
C)14 weeks.
D)13 weeks.

Question 55

The estimated mean time for an activity with a most likely time (m)equal to 12 weeks,an optimistic time (a)equal to 9 weeks,and a pessimistic time (b)equal to 18 weeks is

A)13.0 weeks.
B)12.75 weeks.
C)12.5 weeks.
D)9.0 weeks.

Question 56

The estimated variance for an activity with a most likely time (m)equal to 12 weeks,an optimistic time (a)equal to 9 weeks,and a pessimistic time (b)equal to 18 weeks is

A)3.75 weeks.
B)1.50 weeks.
C)5.25 weeks.
D)2.25 weeks.

Question 57

Which of the following is not used to calculate probabilistic time estimates?

A)optimistic
B)most likely
C)least likely
D)pessimistic

Question 58

A standard procedure for numerically measuring a project's progress is referred to as a(n)

A)program evaluation and review technique (PERT).
B)critical path method (CPM).
C)Gantt chart.
D)earned value analysis.

Question 59

In general,the earliest finish time for an activity is equal to

A)earliest start time + activity time estimate.
B)earliest start time - activity time estimate.
C)earliest start time - slack time.
D)earliest start time + slack time.

Question 60

A bar graph displaying when activities are scheduled to start,when they will be finished,and where extra time is available is known as a

A)PERT chart.
B)work breakdown structure (WBS).
C)Gantt chart.
D)responsibility assignment matrix (RAM).

Question 61

The following table of probabilistic time estimates (in weeks)and activity predecessors are provided for a project. Table 9.2
Using Table 9.2,the expected time to complete activity A is

A)5.00 weeks.
B)7.33 weeks.
C)7.67 weeks.
D)8.00 weeks.

Question 62

Using Table 9.2,the expected time to complete the project is

A)34.17 weeks.
B)33.23 weeks.
C)31.00 weeks.
D)21.67 weeks.

Question 63

Using Table 9.3,the amount of slack associated with activity C is

A)4 days.
B)3 days.
C)2 days.
D)1 day.

Question 64

Using Table 9.3,the critical path for this project is

A)A-B-C.
B)A-C-D.
C)A-B-D.
D)A-B-C-D.

Question 65

Using Table 9.3,the latest start (LS)time for activity D is

A)8 days.
B)11 days.
C)19 days.
D)12 days.

Question 66

Which of the following statements is generally true regarding the relationship between project crashing costs and indirect costs?

A)Both crashing costs and indirect costs are highest when the project is shortened.
B)Only indirect costs increase when the project is shortened.
C)Both are unaffected by the length of the project.
D)Crashing costs increase when the project is shortened while indirect costs decrease when the project is shortened.

Question 67

Using Table 9.2,the critical path for the project consists of activities

A)A-B-C-D-E.
B)A-B-C-E.
C)A-B-D-E.
D)A-B-C-D.

Question 68

Using Table 9.2,the probability that the project could be completed in 34 weeks or less is approximately

A)0.86.
B)0.89.
C)0.91.
D)0.96.

Question 69

Using Table 9.3,the time to complete the entire project would be

A)23 days.
B)19 days.
C)17 days.
D)11 days.

Question 70

Using Table 9.2,how much slack is associated with activity C?

A)0 weeks.
B)4.50 weeks.
C)12.67 weeks.
D)31.00 weeks.

Question 71

Using Table 9.1,the amount of slack associated with activity C is

A)0 weeks.
B)3 weeks.
C)6 weeks.
D)cannot be calculated.

Question 72

Using Table 9.2,the variance of the project's total completion time is

A)5.472.
B)5.222.
C)4.872.
D)3.752.

Question 73

Using Table 9.2,the probability that the project will take longer than 33 weeks to complete is approximately

A)0.19.
B)0.32.
C)0.68.
D)0.81.

Question 74

Using Table 9.1,the time complete the entire project is

A)20 weeks.
B)30 weeks.
C)36 weeks.
D)39 weeks.

Question 75

Using Table 9.2,the variance for activity E is

A)1.291.
B)1.667.
C)2.582.
D)2.778.

Question 76

Using Table 9.1,the critical path for this project consists of activities

A)A-B-C-D-E-F.
B)A-C-E-F.
C)A-B-C-F.
D)A-B-D-F.

Question 77

Using Table 9.2,the earliest finish time for activity C is

A)5.00 weeks.
B)8.17 weeks.
C)9.50 weeks.
D)12.67 weeks.

Question 78

A project consists of the following four activities with activity times in days: Table 9.3
Using Table 9.3,the earliest finish (EF)time for activity C is

A)4 days.
B)6 days.
C)10 days.
D)11 days.

Question 79

Using Table 9.3,the earliest start (ES)time for activity B is

A)5 days.
B)6 days.
C)11 days.
D)14 days.

Question 80

Using Table 9.2,the earliest start (ES)time for activity D is

A)8.17 weeks.
B)12.67 weeks.
C)18.33 weeks.
D)21.67 weeks.