Deck 18: Project Management

Question 1

Jude is in charge of the advertising program for the Boston Red Sox baseball team during their spring training in Fort Myers, Florida. He has defined the advertising program as a project with the following characteristics. The goal is to fill all stadium seats during the spring training season or he may not have this job next year-the pressure is on!
$\begin{array}{|c|c|c|}\hline \text { Activity } & \begin{array}{c}\text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array}{c}\text { Activity Time } \\\text { in weeks }\end{array} \\\hline \text { A } & \text { None } & 1 \\\hline \text { B } & \text { None } & 1 \\\hline \text { C } & \text { A } & 4 \\\hline \text { D } & \text { B } & 5 \\\hline \text { E } & \text { C, D } & 5 \\\hline \text { F } & \text { E } & 3 \\\hline \text { G } & \text { F } & 2 \\\hline\end{array}$

-The largest amount of slack that any activity has in this project is:

A) 1 week.
B) 2 weeks.
C) 3 weeks.
D) 4 weeks.

Answer 1

1 week.

Question 2

Consider the following project network. Time estimates are in weeks. Complete the following table and questions : $$\begin{array} { | c | l | l | l | l | l | l | l | } \hline \text { Activity } & \text { Time } & \text { Earliest Start } & \text { Earliest Finish } & \text { Latest Start } & \text { Latest Finish } & \text { Slack } & \text { On Critical Path? } \\\hline \text { A } & & & & & & & \\\hline \text { B } & & & & & & & \\\hline \text { C } & & & & & & & \\\hline \text { D } & & & & & & & \\\hline \text { E } & & & & & & & \\\hline \text { F } & & & & & & \\\hline\end{array}$$ $\begin{array}{|c|c|c|c|c|c|c|c|}\hline \text { Activity } & \text { Duration } & \text { ES } & \text { EF } & \text { LS } & \text { LF } & \text { Slack } & \begin{array}{c}\text { On } \\\text { CP? }\end{array} \\\hline \text { A } & 2 & 0 & 2 & 0 & 2 & 0 & \text { yes } \\\hline \text { B } & 4 & 2 & 6 & 2 & 6 & 0 & \text { yes } \\\hline \text { C } & 5 & 6 & 11 & 6 & 11 & 0 & \text { yes } \\\hline \text { D } & 4 & 11 & 15 & 11 & 15 & 0 & \text { yes } \\\hline \text { E } & 6 & 2 & 8 & 9 & 15 & 7 & \text { no } \\\hline \text { F } & 7 & 15 & 22 & 15 & 22 & 0 & \text { yes } \\\hline\end{array}$

-In the previous project network, the latest finish for activity B is:

A) 5.
B) 6.
C) 7.
D) 8.

Answer 2

6.

Question 3

Jude is in charge of the advertising program for the Boston Red Sox baseball team during their spring training in Fort Myers, Florida. He has defined the advertising program as a project with the following characteristics. The goal is to fill all stadium seats during the spring training season or he may not have this job next year-the pressure is on!
$\begin{array}{|c|c|c|}\hline \text { Activity } & \begin{array}{c}\text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array}{c}\text { Activity Time } \\\text { in weeks }\end{array} \\\hline \text { A } & \text { None } & 1 \\\hline \text { B } & \text { None } & 1 \\\hline \text { C } & \text { A } & 4 \\\hline \text { D } & \text { B } & 5 \\\hline \text { E } & \text { C, D } & 5 \\\hline \text { F } & \text { E } & 3 \\\hline \text { G } & \text { F } & 2 \\\hline\end{array}$

-The most likely activities to share resources with critical path activities are:

A) Activities A and B.
B) Activities E and A.
C) Activities A and C.
D) Activities B and D.

Answer 3

Activities A and C.

Question 4

Consider the following project network. Time estimates are in weeks. Complete the following table and questions : $$\begin{array} { | c | l | l | l | l | l | l | l | } \hline \text { Activity } & \text { Time } & \text { Earliest Start } & \text { Earliest Finish } & \text { Latest Start } & \text { Latest Finish } & \text { Slack } & \text { On Critical Path? } \\\hline \text { A } & & & & & & & \\\hline \text { B } & & & & & & & \\\hline \text { C } & & & & & & & \\\hline \text { D } & & & & & & & \\\hline \text { E } & & & & & & & \\\hline \text { F } & & & & & & \\\hline\end{array}$$ $\begin{array}{|c|c|c|c|c|c|c|c|}\hline \text { Activity } & \text { Duration } & \text { ES } & \text { EF } & \text { LS } & \text { LF } & \text { Slack } & \begin{array}{c}\text { On } \\\text { CP? }\end{array} \\\hline \text { A } & 2 & 0 & 2 & 0 & 2 & 0 & \text { yes } \\\hline \text { B } & 4 & 2 & 6 & 2 & 6 & 0 & \text { yes } \\\hline \text { C } & 5 & 6 & 11 & 6 & 11 & 0 & \text { yes } \\\hline \text { D } & 4 & 11 & 15 & 11 & 15 & 0 & \text { yes } \\\hline \text { E } & 6 & 2 & 8 & 9 & 15 & 7 & \text { no } \\\hline \text { F } & 7 & 15 & 22 & 15 & 22 & 0 & \text { yes } \\\hline\end{array}$

-Slack for activity E is:

A) less than 4.
B) between 4 and 6.
C) between 6 and 8.
D) greater than 8.

Question 5

Which one of the following is NOT a major project management decision area?

A) Revenue
B) Cost
C) Time
D) Resources

Question 6

Which one of the following skills contributes to project success?

A) Lack of data accuracy and integrity
B) Clear communication channels
C) Ill-defined project objectives
D) Inability to resolve conflicts

Question 7

Which of the following is NOT a stage in the project life cycle?

A) Define
B) Organize
C) Improve
D) Close

Question 8

The Baker county government has decided to redo the street and plans to block the street off which causes considerable inconvenience to people. The critical path method (CPM) project has three sequential (in series, that is "i" is first, then "ii" and finally "iii.") paths defined as follows: (i) path A-B-C-H to install street lights and electrical wiring that takes 10 days, (ii) path G-J-K-L to install sidewalks with handicap capabilities that takes 20 days, and (iii) path U-V-Z-W to repave the street including storm drains that takes 8 days. Which one of the following statements is true?

A) The expected duration of the project is 10 + 20 + 8 = 38 days.
B) The expected duration of the project is 20 days.
C) The normal time is inversely related to the crash time.
D) The three sub-system precedent relationships are in parallel.

Question 9

_____ is the sequence of activities that takes the longest time and defines the total project completion time.

A) Project Evaluation and Review Technique
B) The critical path
C) The crash time
D) Project nodes network

Question 10

Consider the following project network. Time estimates are in weeks. Complete the following table and questions : $$\begin{array} { | c | l | l | l | l | l | l | l | } \hline \text { Activity } & \text { Time } & \text { Earliest Start } & \text { Earliest Finish } & \text { Latest Start } & \text { Latest Finish } & \text { Slack } & \text { On Critical Path? } \\\hline \text { A } & & & & & & & \\\hline \text { B } & & & & & & & \\\hline \text { C } & & & & & & & \\\hline \text { D } & & & & & & & \\\hline \text { E } & & & & & & & \\\hline \text { F } & & & & & & \\\hline\end{array}$$ $\begin{array}{|c|c|c|c|c|c|c|c|}\hline \text { Activity } & \text { Duration } & \text { ES } & \text { EF } & \text { LS } & \text { LF } & \text { Slack } & \begin{array}{c}\text { On } \\\text { CP? }\end{array} \\\hline \text { A } & 2 & 0 & 2 & 0 & 2 & 0 & \text { yes } \\\hline \text { B } & 4 & 2 & 6 & 2 & 6 & 0 & \text { yes } \\\hline \text { C } & 5 & 6 & 11 & 6 & 11 & 0 & \text { yes } \\\hline \text { D } & 4 & 11 & 15 & 11 & 15 & 0 & \text { yes } \\\hline \text { E } & 6 & 2 & 8 & 9 & 15 & 7 & \text { no } \\\hline \text { F } & 7 & 15 & 22 & 15 & 22 & 0 & \text { yes } \\\hline\end{array}$

-In the previous project network, the critical path activities are:

A) A,B, and C.
B) A,B,C,D, and F.
C) A,B,D, and F.
D) B,C,D, and F.

Question 11

A Gantt chart is:

A) a useful tool for depicting a schedule graphically.
B) a chart that enables the project manager to know what activities should be performed at a given time.
C) a chart that can be used to monitor daily progress of a project so that corrective action can be taken when necessary.
D) All of the above

Question 12

The county government has decided to redo the street and plans to block the street off which causes considerable inconvenience to people. The project has three parallel paths defined as follows: (i) path A-B-C-H to install street lights and electrical wiring that takes 16 days, (ii) path A-D-E-H to install sidewalks with handicap capabilities that takes 22 days, and (iii) path A-F-G-H to repave the street including storm drains that takes 30 days. Which one of the following statements is TRUE?

A) The expected duration of the project is 30 + 22 + 16 = 68 days.
B) Path A-B-C-H is the critical path.
C) Path A-D-E-H has the largest slack time.
D) Path A-F-G-H is the critical path.

Question 13

In which stage of the project life cycle would a project schedule be developed?

A) Define
B) Plan
C) Organize
D) Control

Question 14

Slack in an activity is computed as:

A) ES - LS.
B) EF - LF.
C) LS - ES.
D) LS - EF.

Question 15

Jude is in charge of the advertising program for the Boston Red Sox baseball team during their spring training in Fort Myers, Florida. He has defined the advertising program as a project with the following characteristics. The goal is to fill all stadium seats during the spring training season or he may not have this job next year-the pressure is on!
$\begin{array}{|c|c|c|}\hline \text { Activity } & \begin{array}{c}\text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array}{c}\text { Activity Time } \\\text { in weeks }\end{array} \\\hline \text { A } & \text { None } & 1 \\\hline \text { B } & \text { None } & 1 \\\hline \text { C } & \text { A } & 4 \\\hline \text { D } & \text { B } & 5 \\\hline \text { E } & \text { C, D } & 5 \\\hline \text { F } & \text { E } & 3 \\\hline \text { G } & \text { F } & 2 \\\hline\end{array}$

-The earliest completion time for this project is:

A) 12 weeks.
B) 13 weeks.
C) 14 weeks.
D) 16 weeks.

Question 16

A project has three parallel 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?

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 17

Which of the following is NOT considered a project?

A) Writing and implementing a computer program
B) Introducing a new product
C) Production of soft drinks
D) Building a bridge

Question 18

The critical path method (CPM) work breakdown structure consists of all of the following EXCEPT:

A) the number and definition of each project activity.
B) the normal time to complete each activity.
C) the immediate predecessors (i.e., the precedent relationships).
D) the probabilities of completing each activity.

Question 19

Jude is in charge of the advertising program for the Boston Red Sox baseball team during their spring training in Fort Myers, Florida. He has defined the advertising program as a project with the following characteristics. The goal is to fill all stadium seats during the spring training season or he may not have this job next year-the pressure is on!
$\begin{array}{|c|c|c|}\hline \text { Activity } & \begin{array}{c}\text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array}{c}\text { Activity Time } \\\text { in weeks }\end{array} \\\hline \text { A } & \text { None } & 1 \\\hline \text { B } & \text { None } & 1 \\\hline \text { C } & \text { A } & 4 \\\hline \text { D } & \text { B } & 5 \\\hline \text { E } & \text { C, D } & 5 \\\hline \text { F } & \text { E } & 3 \\\hline \text { G } & \text { F } & 2 \\\hline\end{array}$

-If activity C is delayed by 2 weeks, then the revised earliest project completion time is:

A) 13 weeks.
B) 14 weeks.
C) 15 weeks.
D) 17 weeks.

Question 20

Shea is in charge of the "advertising program" for the Boston Red Sox baseball team during their spring training in Fort Myers, Florida. She has defined the advertising program as a project with the following characteristics. The goal is to fill all stadium seats during the spring training season or she may not have the same job next year-the pressure is on!
$\begin{array}{|c|c|c|}\hline \text { Activity } & \begin{array}{c}\text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array}{c}\text { Activity Time } \\\text { in weeks }\end{array} \\\hline \text { A } & \text { None } & 1 \\\hline \text { B } & \text { A } & 2 \\\hline \text { C } & \text { A } & 3 \\\hline \text { D } & \text { A, B } & 4 \\\hline \text { E } & \text { C, D } & 3 \\\hline \text { F } & \text { D, E } & 2 \\\hline\end{array}$

-The earliest completion time for this project is:

A) 9 weeks.
B) 10 weeks.
C) 11 weeks.
D) 12 weeks.

Question 21

You are responsible for managing an advertising project with the following activities (times are given in weeks).
$\begin{array}{cccccc}&\text { Immediate } & \text { Normal Time } & \text { Crash Time } & \text { Normal } & \text { Crash } \\\text { Activity }&\text { Predecessor } & \text { (Weeks) } & \text { (Weeks) } & \text { Cost }(\$) & \text { Cost }(\$)\\\hline\text { A } & \text { none } & 3 & 2 & \$ 14,000 & \$ 16,500 \\\text { B } & \text { none } & 6 & 6 & \$ 5,500 & \$ 5,500 \\\text { C } & \text { none } & 2 & 1 & \$ 6,000 & \$ 8,000 \\\text { D } & \text { A, B } & 5 & 3 & \$ 7,500 & \$ 14,500 \\\text { E } & \text { C } & 2 & 1 & \$ 9,000 & \$ 10,500 \\\text { F } & \text { A } & 7 & 6 & \$ 15,000 & \$ 18,000 \\\text { G } & \text { D. E F } & 4 & 3 & \$ 8,400 & \$ 10,000\end{array}$ Draw the project network here. BLANK SPACES

-The project completion time is _____.

A) 12 weeks
B) 13 weeks
C) 14 weeks
D) 15 weeks

Question 22

Shea is in charge of the "advertising program" for the Boston Red Sox baseball team during their spring training in Fort Myers, Florida. She has defined the advertising program as a project with the following characteristics. The goal is to fill all stadium seats during the spring training season or she may not have the same job next year-the pressure is on!
$\begin{array}{|c|c|c|}\hline \text { Activity } & \begin{array}{c}\text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array}{c}\text { Activity Time } \\\text { in weeks }\end{array} \\\hline \text { A } & \text { None } & 1 \\\hline \text { B } & \text { A } & 2 \\\hline \text { C } & \text { A } & 3 \\\hline \text { D } & \text { A, B } & 4 \\\hline \text { E } & \text { C, D } & 3 \\\hline \text { F } & \text { D, E } & 2 \\\hline\end{array}$

-For the original critical path method problem, the minimum number of activities that would have to be crashed in order to reduce the project's earliest completion time by two weeks assuming all activity crash costs per week are the same and all activities can be crashed is:

A) one activity.
B) two activities.
C) three activities.
D) four activities.

Question 23

Which is NOT true of the critical path?

A) The activities on the critical path take the shortest time to complete.
B) The activities on the critical path define the total project completion time.
C) It is the project path with zero slack.
D) The delays in critical path activities will delay the project.

Question 24

You are responsible for managing a project with the following activities (times are given in weeks):
$\begin{array}{cccccc}&\text { Immediate } & \text { Normal Time } & \text { Crash Time } & \text { Normal } & \text { Crash } \\\text { Activity }&\text { Predecessor } & \text { (Weeks) } & \text { (Weeks) } & \text { Cost }(\$) & \text { Cost }(\$)\\\hline\text { A } & \text { none } & 3 & 2 & \$ 14,000 & \$ 16,500 \\\text { B } & \text { none } & 6 & 6 & \$ 5,500 & \$ 5,500 \\\text { C } & \text { none } & 2 & 1 & \$ 6,000 & \$ 8,000 \\\text { D } & \text { A } & 5 & 3 & \$ 7,500 & \$ 14,500 \\\text { E } & \text { C } & 2 & 1 & \$ 9,000 & \$ 10,500 \\\text { F } & \text { A } & 7 & 6 & \$ 15,000 & \$ 18,000 \\\text { G } & \text { B. D. E. F } & 4 & 3 & \$ 8,400 & \$ 10,000\end{array}$

-What activity should one crash to reduce the project completion time by two weeks at minimum crash costs?

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

Question 25

You are responsible for managing a project with the following activities (times are given in weeks):
$\begin{array}{cccccc}&\text { Immediate } & \text { Normal Time } & \text { Crash Time } & \text { Normal } & \text { Crash } \\\text { Activity }&\text { Predecessor } & \text { (Weeks) } & \text { (Weeks) } & \text { Cost }(\$) & \text { Cost }(\$)\\\hline\text { A } & \text { none } & 3 & 2 & \$ 14,000 & \$ 16,500 \\\text { B } & \text { none } & 6 & 6 & \$ 5,500 & \$ 5,500 \\\text { C } & \text { none } & 2 & 1 & \$ 6,000 & \$ 8,000 \\\text { D } & \text { A } & 5 & 3 & \$ 7,500 & \$ 14,500 \\\text { E } & \text { C } & 2 & 1 & \$ 9,000 & \$ 10,500 \\\text { F } & \text { A } & 7 & 6 & \$ 15,000 & \$ 18,000 \\\text { G } & \text { B. D. E. F } & 4 & 3 & \$ 8,400 & \$ 10,000\end{array}$

-If activity D is delayed by 2 weeks, which one of the following statements is TRUE?

A) There are now two critical paths in the network.
B) The slack time for activity D changes to 1 week.
C) The project completion time is still 12 weeks.
D) The project completion time becomes 16 weeks.

Question 26

Which of the following is true of project scheduling using the critical path method?

A) Activity crash time is greater than normal time.
B) Crash cost per time period is assumed to be non-linear.
C) Gantt charts are built using activity ES, EF, LS, and LF times.
D) Gantt charts assume a beta probability distribution.

Question 27

Brian is assigned his first project. If things go well, he should get promoted. The CEO is aware of this project, so he has a chance for high visibility. His first task is to define the work break down structure by interviewing project activity managers, and the firm's friendly, yet boring accountants, to get "good estimates" of project activity times and costs. For Activity Z, the crash cost per week is _____, given the following data: normal time = 5 weeks, crash time = 2, normal cost = $7,560, and crash cost = $17,365.

A) less than or equal to $1,000 per week
B) more than $1,000 but less than or equal to $2,500
C) more than $2,500 but less than or equal to $3,000
D) more than $3,000 but less than or equal to $3,500

Question 28

You are responsible for managing an advertising project with the following activities (times are given in weeks).
$\begin{array}{cccccc}&\text { Immediate } & \text { Normal Time } & \text { Crash Time } & \text { Normal } & \text { Crash } \\\text { Activity }&\text { Predecessor } & \text { (Weeks) } & \text { (Weeks) } & \text { Cost }(\$) & \text { Cost }(\$)\\\hline\text { A } & \text { none } & 3 & 2 & \$ 14,000 & \$ 16,500 \\\text { B } & \text { none } & 6 & 6 & \$ 5,500 & \$ 5,500 \\\text { C } & \text { none } & 2 & 1 & \$ 6,000 & \$ 8,000 \\\text { D } & \text { A, B } & 5 & 3 & \$ 7,500 & \$ 14,500 \\\text { E } & \text { C } & 2 & 1 & \$ 9,000 & \$ 10,500 \\\text { F } & \text { A } & 7 & 6 & \$ 15,000 & \$ 18,000 \\\text { G } & \text { D. E F } & 4 & 3 & \$ 8,400 & \$ 10,000\end{array}$ Draw the project network here. BLANK SPACES

-What activity should one crash to reduce the project completion time by two weeks at minimum crash costs?

A) A and F, each by one week
B) A and D, each by one week
C) C and D, each by one week
D) D and G, each by one week

Question 29

Which of the following is NOT an assumption of the critical path method?

A) Activities are independent of one another.
B) Activity time estimates are stable.
C) Activity times are characterized by a beta probability distribution.
D) Once an activity is started, it continues uninterrupted until completion.

Question 30

You are responsible for managing a project with the following activities (times are given in weeks):
$\begin{array}{cccccc}&\text { Immediate } & \text { Normal Time } & \text { Crash Time } & \text { Normal } & \text { Crash } \\\text { Activity }&\text { Predecessor } & \text { (Weeks) } & \text { (Weeks) } & \text { Cost }(\$) & \text { Cost }(\$)\\\hline\text { A } & \text { none } & 3 & 2 & \$ 14,000 & \$ 16,500 \\\text { B } & \text { none } & 6 & 6 & \$ 5,500 & \$ 5,500 \\\text { C } & \text { none } & 2 & 1 & \$ 6,000 & \$ 8,000 \\\text { D } & \text { A } & 5 & 3 & \$ 7,500 & \$ 14,500 \\\text { E } & \text { C } & 2 & 1 & \$ 9,000 & \$ 10,500 \\\text { F } & \text { A } & 7 & 6 & \$ 15,000 & \$ 18,000 \\\text { G } & \text { B. D. E. F } & 4 & 3 & \$ 8,400 & \$ 10,000\end{array}$

-What is the total project (normal plus crash) cost?

A) Less than or equal to $60,000
B) Greater than $60,000 but less than or equal to $65,000
C) Greater than $65,000 but less than or equal to $70,000
D) Greater than $70,000

Question 31

You are responsible for managing an advertising project with the following activities (times are given in weeks).
$\begin{array}{cccccc}&\text { Immediate } & \text { Normal Time } & \text { Crash Time } & \text { Normal } & \text { Crash } \\\text { Activity }&\text { Predecessor } & \text { (Weeks) } & \text { (Weeks) } & \text { Cost }(\$) & \text { Cost }(\$)\\\hline\text { A } & \text { none } & 3 & 2 & \$ 14,000 & \$ 16,500 \\\text { B } & \text { none } & 6 & 6 & \$ 5,500 & \$ 5,500 \\\text { C } & \text { none } & 2 & 1 & \$ 6,000 & \$ 8,000 \\\text { D } & \text { A, B } & 5 & 3 & \$ 7,500 & \$ 14,500 \\\text { E } & \text { C } & 2 & 1 & \$ 9,000 & \$ 10,500 \\\text { F } & \text { A } & 7 & 6 & \$ 15,000 & \$ 18,000 \\\text { G } & \text { D. E F } & 4 & 3 & \$ 8,400 & \$ 10,000\end{array}$ Draw the project network here. BLANK SPACES

-What is the critical path for this project?

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

Question 32

You are responsible for managing a project with the following activities (times are given in weeks):
$\begin{array}{cccccc}&\text { Immediate } & \text { Normal Time } & \text { Crash Time } & \text { Normal } & \text { Crash } \\\text { Activity }&\text { Predecessor } & \text { (Weeks) } & \text { (Weeks) } & \text { Cost }(\$) & \text { Cost }(\$)\\\hline\text { A } & \text { none } & 3 & 2 & \$ 14,000 & \$ 16,500 \\\text { B } & \text { none } & 6 & 6 & \$ 5,500 & \$ 5,500 \\\text { C } & \text { none } & 2 & 1 & \$ 6,000 & \$ 8,000 \\\text { D } & \text { A } & 5 & 3 & \$ 7,500 & \$ 14,500 \\\text { E } & \text { C } & 2 & 1 & \$ 9,000 & \$ 10,500 \\\text { F } & \text { A } & 7 & 6 & \$ 15,000 & \$ 18,000 \\\text { G } & \text { B. D. E. F } & 4 & 3 & \$ 8,400 & \$ 10,000\end{array}$

-Which of the following activities has the largest amount of slack?

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

Question 33

You are responsible for managing an advertising project with the following activities (times are given in weeks).
$\begin{array}{cccccc}&\text { Immediate } & \text { Normal Time } & \text { Crash Time } & \text { Normal } & \text { Crash } \\\text { Activity }&\text { Predecessor } & \text { (Weeks) } & \text { (Weeks) } & \text { Cost }(\$) & \text { Cost }(\$)\\\hline\text { A } & \text { none } & 3 & 2 & \$ 14,000 & \$ 16,500 \\\text { B } & \text { none } & 6 & 6 & \$ 5,500 & \$ 5,500 \\\text { C } & \text { none } & 2 & 1 & \$ 6,000 & \$ 8,000 \\\text { D } & \text { A, B } & 5 & 3 & \$ 7,500 & \$ 14,500 \\\text { E } & \text { C } & 2 & 1 & \$ 9,000 & \$ 10,500 \\\text { F } & \text { A } & 7 & 6 & \$ 15,000 & \$ 18,000 \\\text { G } & \text { D. E F } & 4 & 3 & \$ 8,400 & \$ 10,000\end{array}$ Draw the project network here. BLANK SPACES

-If activity D is delayed by 2 weeks, which one of the following statements is TRUE?

A) There are now two critical paths in the network.
B) The slack time for activity D changes to 1 week.
C) The project completion time is still 14 weeks.
D) The project completion time becomes 18 weeks.

Question 34

You are responsible for managing a project with the following activities (times are given in weeks):
$\begin{array}{cccccc}&\text { Immediate } & \text { Normal Time } & \text { Crash Time } & \text { Normal } & \text { Crash } \\\text { Activity }&\text { Predecessor } & \text { (Weeks) } & \text { (Weeks) } & \text { Cost }(\$) & \text { Cost }(\$)\\\hline\text { A } & \text { none } & 3 & 2 & \$ 14,000 & \$ 16,500 \\\text { B } & \text { none } & 6 & 6 & \$ 5,500 & \$ 5,500 \\\text { C } & \text { none } & 2 & 1 & \$ 6,000 & \$ 8,000 \\\text { D } & \text { A } & 5 & 3 & \$ 7,500 & \$ 14,500 \\\text { E } & \text { C } & 2 & 1 & \$ 9,000 & \$ 10,500 \\\text { F } & \text { A } & 7 & 6 & \$ 15,000 & \$ 18,000 \\\text { G } & \text { B. D. E. F } & 4 & 3 & \$ 8,400 & \$ 10,000\end{array}$

-What is the critical path and expected completion time for this project?

A) B-D-G; 12 weeks
B) A-D-G; 12 weeks
C) B-G; 10 weeks
D) A-F-G; 14 weeks

Question 35

Shea is in charge of the "advertising program" for the Boston Red Sox baseball team during their spring training in Fort Myers, Florida. She has defined the advertising program as a project with the following characteristics. The goal is to fill all stadium seats during the spring training season or she may not have the same job next year-the pressure is on!
$\begin{array}{|c|c|c|}\hline \text { Activity } & \begin{array}{c}\text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array}{c}\text { Activity Time } \\\text { in weeks }\end{array} \\\hline \text { A } & \text { None } & 1 \\\hline \text { B } & \text { A } & 2 \\\hline \text { C } & \text { A } & 3 \\\hline \text { D } & \text { A, B } & 4 \\\hline \text { E } & \text { C, D } & 3 \\\hline \text { F } & \text { D, E } & 2 \\\hline\end{array}$

-If activity C is delayed by three weeks, the revised earliest project completion time is:

A) 9 weeks.
B) 10 weeks.
C) 11 weeks.
D) 12 weeks.

Question 36

You are responsible for managing an advertising project with the following activities (times are given in weeks).
$\begin{array}{cccccc}&\text { Immediate } & \text { Normal Time } & \text { Crash Time } & \text { Normal } & \text { Crash } \\\text { Activity }&\text { Predecessor } & \text { (Weeks) } & \text { (Weeks) } & \text { Cost }(\$) & \text { Cost }(\$)\\\hline\text { A } & \text { none } & 3 & 2 & \$ 14,000 & \$ 16,500 \\\text { B } & \text { none } & 6 & 6 & \$ 5,500 & \$ 5,500 \\\text { C } & \text { none } & 2 & 1 & \$ 6,000 & \$ 8,000 \\\text { D } & \text { A, B } & 5 & 3 & \$ 7,500 & \$ 14,500 \\\text { E } & \text { C } & 2 & 1 & \$ 9,000 & \$ 10,500 \\\text { F } & \text { A } & 7 & 6 & \$ 15,000 & \$ 18,000 \\\text { G } & \text { D. E F } & 4 & 3 & \$ 8,400 & \$ 10,000\end{array}$ Draw the project network here. BLANK SPACES

-Which of the following activities has the largest amount of slack?

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

Question 37

Which one of the following statements about the critical path method (CPM) is TRUE?

A) The activity time estimates are accurate and stable.
B) Activities are dependent on each other.
C) Activities can be interrupted before completion.
D) The project schedule defines a correct sequence of work in terms of technology and workflow.

Question 38

Which one of the following statements about critical path method (CPM) is TRUE?

A) Crashing an activity refers to increasing its normal time.
B) Crashing an activity refers to decreasing its normal time possibly up to its limit.
C) Crashing a project requires revised immediate predecessor relationships.
D) Crashing a project is a tradeoff between revenue and costs.

Question 39

Shea is in charge of the "advertising program" for the Boston Red Sox baseball team during their spring training in Fort Myers, Florida. She has defined the advertising program as a project with the following characteristics. The goal is to fill all stadium seats during the spring training season or she may not have the same job next year-the pressure is on!
$\begin{array}{|c|c|c|}\hline \text { Activity } & \begin{array}{c}\text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array}{c}\text { Activity Time } \\\text { in weeks }\end{array} \\\hline \text { A } & \text { None } & 1 \\\hline \text { B } & \text { A } & 2 \\\hline \text { C } & \text { A } & 3 \\\hline \text { D } & \text { A, B } & 4 \\\hline \text { E } & \text { C, D } & 3 \\\hline \text { F } & \text { D, E } & 2 \\\hline\end{array}$

-The largest amount of slack that any activity has in this project is:

A) 1 week.
B) 2 weeks.
C) 3 weeks.
D) 4 weeks.

Question 40

Which of the following statements is TRUE of the activities not on the critical path?

A) These activities usually cannot be delayed.
B) These activities have less slack than activities on the critical path.
C) These activities can become part of the critical path if delayed long enough.
D) These activities have uncertain times.

Question 41

Which of the following is LEAST relevant to Program Evaluation and Review Technique (PERT)?

A) Beta distribution
B) Variance of activity time
C) Most probable time
D) Constant activity time

Question 42

Which of the following forms part of Program Evaluation and Review Technique (PERT)?

A) Beta distribution
B) Variance
C) Most probable time
D) All of above are related to PERT

Question 43

A high definition television manufacturer in Asia wants to develop a new smart television as fast as possible using Program Evaluation and Review Technique (PERT) and must complete the design and testing work first. The objective is to be the first to market the most innovative smart television on the planet and capture the first adopter market share. The manufacturer has determined the following activities, precedence relationships, and time estimates in days for the project:
$\begin{array}{rcccr}& \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } \\\text { Activity } & \text { Predecessors } & t_{o} & t_{m} & t_{p}\\\hlinea & \text { none } & 4 & 6 & 7 \\\mathrm{~b} & \mathrm{a} & 1 & 2 & 3 \\\mathrm{c} & \mathrm{a} & 5 & 5 & 5 \\\mathrm{~d} & \mathrm{~b} & 7 & 9 & 12 \\\mathrm{e} & \mathrm{b} & 2 & 4 & 8 \\\mathrm{f} & \mathrm{c} d & 6 & 9 & 10\end{array}$ Solutions are at the end of questions

-The expected variance of Activity A is _____.

A) less than or equal to 0.5 days
B) greater than 0.5 but less than or equal to 1.0 day
C) greater than 1.0 but less than or equal to 1.5 days
D) greater than 1.5 days

Question 44

Ayben is responsible for managing an advertising and promotion project using Program Evaluation and Review Technique (PERT) with the following activities (times are given in weeks).
$\begin{array}{|c|c|c|c|c|c|c|}\hline\text { Project } & \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } & \text { Expected } & \text { Activity } \\\hline \text { Activity } & \text { Predecessor(s) } & \text { Time } & \text { Time } & \text { Time } & \text { Time } & \text { Variance } \\\hline\\\hline \text { A } & \text { none } & 2 & 5 & 14 \\\hline \text { B } & \text { none } & 8 & 11 & 14 \\\hline \text { C } & \text { A } & 5 & 7 & 9 \\\hline \text { D } & \text { A } & 6 & 9 & 12 \\\hline \text { E } & \text { B, C, D } & 1 & 3 & 5 \\\hline\end{array}$ Draw the project network here. BLANK SPACES
$\text { PERT Exam Question \#52 to \#55 }$
$\begin{array}{cccccc}\text { Activity } & \text { OT } & \text { MLT } & \text { PT } & \text { ET } & \text { AV } \\\text { A } & 2 & 5 & 14 & 6.00 & 4.00 \\\text { B } & 8 & 11 & 14 & 11.00 & 1.00 \\\text { C } & 5 & 7 & 9 & 7.00 & 0.44 \\\text { D } & 6 & 9 & 12 & 9.00 & 1.00 \\\text { F } & 1 & 3 & 5 & 3.00 & 0.44\end{array}$

-Using the table for the advertising and promotion project, which activity has the largest slack, and how large is that slack?

A) Activity C; 5 weeks
B) Activity A; 6 weeks
C) Activity B; 4 weeks
D) Activity E; 3 weeks

Question 45

Rose is in charge of the advertising program for Proctor & Gamble's new laundry detergent. She has defined the advertising program as a project with the following characteristics. The goal is to complete the project on time and within budget, or she may not have this job next year-the pressure is on!
$\begin{array}{|c|c|c|c|c|c|}\hline\text { Activity } & \begin{array}{c}\text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array}{c}\text { Normal } \\\text { Time } \\\text { in weeks }\end{array} & \begin{array}{c}\text { Crash Time } \\\text { in weeks }\end{array} & \text { Normal Cost } & \text { Crash Cost } \\\hline \text { A } & \text { None } & 2 & 2 & \$ 15,000 & \$ 15,000 \\\hline \text { B } & \text { None } & 1 & 1 & \$ 12,000 & \$ 12,000 \\\hline \text { C } & \text { A, B } & 5 & 3 & \$ 18,000 & \$ 24,000 \\\hline \text { D } & \text { A, B } & 4 & 2 & \$ 12,000 & \$ 16,000 \\\hline \text { E } & \text { C, D } & 2 & 1 & \$ 22,000 & \$ 23,500 \\\hline \text { F } & \text { D } & 4 & 3 & \$ 32,000 & \$ 36,000 \\\hline \text { G } & \text { E, F } & 3 & 2 & \$ 19,000 & \$ 20,000 \\\hline\end{array}$ Draw the project network in the space below if you want. BLANK SPACES

-The total minimum crash cost only for the project to achieve a two-week earlier completion time from the original project completion time is:

A) less than $1,000.
B) more than $1,000 but less than or equal to $2,000.
C) more than $2,000 but less than or equal to $3,000.
D) more than $3,000 but less than or equal to $4,000.

Question 46

A high definition television manufacturer in Asia wants to develop a new smart television as fast as possible using Program Evaluation and Review Technique (PERT) and must complete the design and testing work first. The objective is to be the first to market the most innovative smart television on the planet and capture the first adopter market share. The manufacturer has determined the following activities, precedence relationships, and time estimates in days for the project:
$\begin{array}{rcccr}& \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } \\\text { Activity } & \text { Predecessors } & t_{o} & t_{m} & t_{p}\\\hlinea & \text { none } & 4 & 6 & 7 \\\mathrm{~b} & \mathrm{a} & 1 & 2 & 3 \\\mathrm{c} & \mathrm{a} & 5 & 5 & 5 \\\mathrm{~d} & \mathrm{~b} & 7 & 9 & 12 \\\mathrm{e} & \mathrm{b} & 2 & 4 & 8 \\\mathrm{f} & \mathrm{c} d & 6 & 9 & 10\end{array}$ Solutions are at the end of questions

-The expected duration of Activity A is _____.

A) Less than or equal to 2 days
B) Greater than 2 but less than or equal to 4 days
C) Greater than 4 but less than or equal to 6 days
D) Greater than 6 days

Question 47

Rose is in charge of the advertising program for Proctor & Gamble's new laundry detergent. She has defined the advertising program as a project with the following characteristics. The goal is to complete the project on time and within budget, or she may not have this job next year-the pressure is on!
$\begin{array}{|c|c|c|c|c|c|}\hline\text { Activity } & \begin{array}{c}\text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array}{c}\text { Normal } \\\text { Time } \\\text { in weeks }\end{array} & \begin{array}{c}\text { Crash Time } \\\text { in weeks }\end{array} & \text { Normal Cost } & \text { Crash Cost } \\\hline \text { A } & \text { None } & 2 & 2 & \$ 15,000 & \$ 15,000 \\\hline \text { B } & \text { None } & 1 & 1 & \$ 12,000 & \$ 12,000 \\\hline \text { C } & \text { A, B } & 5 & 3 & \$ 18,000 & \$ 24,000 \\\hline \text { D } & \text { A, B } & 4 & 2 & \$ 12,000 & \$ 16,000 \\\hline \text { E } & \text { C, D } & 2 & 1 & \$ 22,000 & \$ 23,500 \\\hline \text { F } & \text { D } & 4 & 3 & \$ 32,000 & \$ 36,000 \\\hline \text { G } & \text { E, F } & 3 & 2 & \$ 19,000 & \$ 20,000 \\\hline\end{array}$ Draw the project network in the space below if you want. BLANK SPACES

-If activity D is delayed by 2 weeks, the revised earliest project completion time is:

A) 11 weeks.
B) 12 weeks.
C) 13 weeks.
D) 15 weeks.

Question 48

Rose is in charge of the advertising program for Proctor & Gamble's new laundry detergent. She has defined the advertising program as a project with the following characteristics. The goal is to complete the project on time and within budget, or she may not have this job next year-the pressure is on!
$\begin{array}{|c|c|c|c|c|c|}\hline\text { Activity } & \begin{array}{c}\text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array}{c}\text { Normal } \\\text { Time } \\\text { in weeks }\end{array} & \begin{array}{c}\text { Crash Time } \\\text { in weeks }\end{array} & \text { Normal Cost } & \text { Crash Cost } \\\hline \text { A } & \text { None } & 2 & 2 & \$ 15,000 & \$ 15,000 \\\hline \text { B } & \text { None } & 1 & 1 & \$ 12,000 & \$ 12,000 \\\hline \text { C } & \text { A, B } & 5 & 3 & \$ 18,000 & \$ 24,000 \\\hline \text { D } & \text { A, B } & 4 & 2 & \$ 12,000 & \$ 16,000 \\\hline \text { E } & \text { C, D } & 2 & 1 & \$ 22,000 & \$ 23,500 \\\hline \text { F } & \text { D } & 4 & 3 & \$ 32,000 & \$ 36,000 \\\hline \text { G } & \text { E, F } & 3 & 2 & \$ 19,000 & \$ 20,000 \\\hline\end{array}$ Draw the project network in the space below if you want. BLANK SPACES

-The earliest completion time for this project is:

A) 11 weeks.
B) 12 weeks.
C) 13 weeks.
D) 14 weeks.

Question 49

Rose is in charge of the advertising program for Proctor & Gamble's new laundry detergent. She has defined the advertising program as a project with the following characteristics. The goal is to complete the project on time and within budget, or she may not have this job next year-the pressure is on!
$\begin{array}{|c|c|c|c|c|c|}\hline\text { Activity } & \begin{array}{c}\text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array}{c}\text { Normal } \\\text { Time } \\\text { in weeks }\end{array} & \begin{array}{c}\text { Crash Time } \\\text { in weeks }\end{array} & \text { Normal Cost } & \text { Crash Cost } \\\hline \text { A } & \text { None } & 2 & 2 & \$ 15,000 & \$ 15,000 \\\hline \text { B } & \text { None } & 1 & 1 & \$ 12,000 & \$ 12,000 \\\hline \text { C } & \text { A, B } & 5 & 3 & \$ 18,000 & \$ 24,000 \\\hline \text { D } & \text { A, B } & 4 & 2 & \$ 12,000 & \$ 16,000 \\\hline \text { E } & \text { C, D } & 2 & 1 & \$ 22,000 & \$ 23,500 \\\hline \text { F } & \text { D } & 4 & 3 & \$ 32,000 & \$ 36,000 \\\hline \text { G } & \text { E, F } & 3 & 2 & \$ 19,000 & \$ 20,000 \\\hline\end{array}$ Draw the project network in the space below if you want. BLANK SPACES

-Britt is managing this project, and his bossRose gives him $5,000 to speed up the original completion time (i.e., project improvement dollars). The best action is to:

A) spend it on activity G first.
B) spend it on activity F first.
C) spent it on activity C first.
D) spend one-half of it on activity C and one-half on activity E.

Question 50

Ayben is responsible for managing an advertising and promotion project using Program Evaluation and Review Technique (PERT) with the following activities (times are given in weeks).
$\begin{array}{|c|c|c|c|c|c|c|}\hline\text { Project } & \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } & \text { Expected } & \text { Activity } \\\hline \text { Activity } & \text { Predecessor(s) } & \text { Time } & \text { Time } & \text { Time } & \text { Time } & \text { Variance } \\\hline\\\hline \text { A } & \text { none } & 2 & 5 & 14 \\\hline \text { B } & \text { none } & 8 & 11 & 14 \\\hline \text { C } & \text { A } & 5 & 7 & 9 \\\hline \text { D } & \text { A } & 6 & 9 & 12 \\\hline \text { E } & \text { B, C, D } & 1 & 3 & 5 \\\hline\end{array}$ Draw the project network here. BLANK SPACES
$\text { PERT Exam Question \#52 to \#55 }$
$\begin{array}{cccccc}\text { Activity } & \text { OT } & \text { MLT } & \text { PT } & \text { ET } & \text { AV } \\\text { A } & 2 & 5 & 14 & 6.00 & 4.00 \\\text { B } & 8 & 11 & 14 & 11.00 & 1.00 \\\text { C } & 5 & 7 & 9 & 7.00 & 0.44 \\\text { D } & 6 & 9 & 12 & 9.00 & 1.00 \\\text { F } & 1 & 3 & 5 & 3.00 & 0.44\end{array}$

-Using the table for the advertising and promotion project, if the expected time (not the most likely time) for activity B is changed to 18 weeks, by how many weeks will the project's expected completion time increase?

A) It will not change.
B) It will increase by 1 week.
C) It will increase by 2 weeks.
D) It will increase by 3 weeks.

Question 51

A high definition television manufacturer in Asia wants to develop a new smart television as fast as possible using Program Evaluation and Review Technique (PERT) and must complete the design and testing work first. The objective is to be the first to market the most innovative smart television on the planet and capture the first adopter market share. The manufacturer has determined the following activities, precedence relationships, and time estimates in days for the project:
$\begin{array}{rcccr}& \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } \\\text { Activity } & \text { Predecessors } & t_{o} & t_{m} & t_{p}\\\hlinea & \text { none } & 4 & 6 & 7 \\\mathrm{~b} & \mathrm{a} & 1 & 2 & 3 \\\mathrm{c} & \mathrm{a} & 5 & 5 & 5 \\\mathrm{~d} & \mathrm{~b} & 7 & 9 & 12 \\\mathrm{e} & \mathrm{b} & 2 & 4 & 8 \\\mathrm{f} & \mathrm{c} d & 6 & 9 & 10\end{array}$ Solutions are at the end of questions

-There are _____ possible paths in this project network.

A) one
B) two
C) three
D) four

Question 52

Which of the following is NOT true of time/cost trade-offs?

A) The relationship between time and cost is proportional and assumed to be linear.
B) Some activities cannot be crashed.
C) Crash time is less than normal time.
D) Crashing priority is based on the amount of uncertainty in activity times.

Question 53

Ayben is responsible for managing an advertising and promotion project using Program Evaluation and Review Technique (PERT) with the following activities (times are given in weeks).
$\begin{array}{|c|c|c|c|c|c|c|}\hline\text { Project } & \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } & \text { Expected } & \text { Activity } \\\hline \text { Activity } & \text { Predecessor(s) } & \text { Time } & \text { Time } & \text { Time } & \text { Time } & \text { Variance } \\\hline\\\hline \text { A } & \text { none } & 2 & 5 & 14 \\\hline \text { B } & \text { none } & 8 & 11 & 14 \\\hline \text { C } & \text { A } & 5 & 7 & 9 \\\hline \text { D } & \text { A } & 6 & 9 & 12 \\\hline \text { E } & \text { B, C, D } & 1 & 3 & 5 \\\hline\end{array}$ Draw the project network here. BLANK SPACES
$\text { PERT Exam Question \#52 to \#55 }$
$\begin{array}{cccccc}\text { Activity } & \text { OT } & \text { MLT } & \text { PT } & \text { ET } & \text { AV } \\\text { A } & 2 & 5 & 14 & 6.00 & 4.00 \\\text { B } & 8 & 11 & 14 & 11.00 & 1.00 \\\text { C } & 5 & 7 & 9 & 7.00 & 0.44 \\\text { D } & 6 & 9 & 12 & 9.00 & 1.00 \\\text { F } & 1 & 3 & 5 & 3.00 & 0.44\end{array}$

-Using the table for the advertising and promotion project, what is the critical path and expected completion time for this project?

A) A-D-E; 17 weeks
B) A-C-E; 16 weeks
C) B-E; 14 weeks
D) A-D-E; 18 weeks

Question 54

A high definition television manufacturer in Asia wants to develop a new smart television as fast as possible using Program Evaluation and Review Technique (PERT) and must complete the design and testing work first. The objective is to be the first to market the most innovative smart television on the planet and capture the first adopter market share. The manufacturer has determined the following activities, precedence relationships, and time estimates in days for the project:
$\begin{array}{rcccr}& \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } \\\text { Activity } & \text { Predecessors } & t_{o} & t_{m} & t_{p}\\\hlinea & \text { none } & 4 & 6 & 7 \\\mathrm{~b} & \mathrm{a} & 1 & 2 & 3 \\\mathrm{c} & \mathrm{a} & 5 & 5 & 5 \\\mathrm{~d} & \mathrm{~b} & 7 & 9 & 12 \\\mathrm{e} & \mathrm{b} & 2 & 4 & 8 \\\mathrm{f} & \mathrm{c} d & 6 & 9 & 10\end{array}$ Solutions are at the end of questions

-What is the critical path

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

Question 55

Rose is in charge of the advertising program for Proctor & Gamble's new laundry detergent. She has defined the advertising program as a project with the following characteristics. The goal is to complete the project on time and within budget, or she may not have this job next year-the pressure is on!
$\begin{array}{|c|c|c|c|c|c|}\hline\text { Activity } & \begin{array}{c}\text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array}{c}\text { Normal } \\\text { Time } \\\text { in weeks }\end{array} & \begin{array}{c}\text { Crash Time } \\\text { in weeks }\end{array} & \text { Normal Cost } & \text { Crash Cost } \\\hline \text { A } & \text { None } & 2 & 2 & \$ 15,000 & \$ 15,000 \\\hline \text { B } & \text { None } & 1 & 1 & \$ 12,000 & \$ 12,000 \\\hline \text { C } & \text { A, B } & 5 & 3 & \$ 18,000 & \$ 24,000 \\\hline \text { D } & \text { A, B } & 4 & 2 & \$ 12,000 & \$ 16,000 \\\hline \text { E } & \text { C, D } & 2 & 1 & \$ 22,000 & \$ 23,500 \\\hline \text { F } & \text { D } & 4 & 3 & \$ 32,000 & \$ 36,000 \\\hline \text { G } & \text { E, F } & 3 & 2 & \$ 19,000 & \$ 20,000 \\\hline\end{array}$ Draw the project network in the space below if you want. BLANK SPACES

-Which activity should one crash to complete the project two weeks earlier than the original project completion time to minimize total crash costs?

A) Activity G by 1 week
B) Activity G by 1 week and activity D by 1 week
C) Activity D by 2 weeks
D) Activity D by 1 week and activity F by 1 week

Question 56

Ayben is responsible for managing an advertising and promotion project using Program Evaluation and Review Technique (PERT) with the following activities (times are given in weeks).
$\begin{array}{|c|c|c|c|c|c|c|}\hline\text { Project } & \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } & \text { Expected } & \text { Activity } \\\hline \text { Activity } & \text { Predecessor(s) } & \text { Time } & \text { Time } & \text { Time } & \text { Time } & \text { Variance } \\\hline\\\hline \text { A } & \text { none } & 2 & 5 & 14 \\\hline \text { B } & \text { none } & 8 & 11 & 14 \\\hline \text { C } & \text { A } & 5 & 7 & 9 \\\hline \text { D } & \text { A } & 6 & 9 & 12 \\\hline \text { E } & \text { B, C, D } & 1 & 3 & 5 \\\hline\end{array}$ Draw the project network here. BLANK SPACES
$\text { PERT Exam Question \#52 to \#55 }$
$\begin{array}{cccccc}\text { Activity } & \text { OT } & \text { MLT } & \text { PT } & \text { ET } & \text { AV } \\\text { A } & 2 & 5 & 14 & 6.00 & 4.00 \\\text { B } & 8 & 11 & 14 & 11.00 & 1.00 \\\text { C } & 5 & 7 & 9 & 7.00 & 0.44 \\\text { D } & 6 & 9 & 12 & 9.00 & 1.00 \\\text { F } & 1 & 3 & 5 & 3.00 & 0.44\end{array}$

-Using the table for the advertising and promotion project, what is the probability percentage that the project will be completed within 16 weeks?

A) Less than or equal to 20%
B) Greater than 20% but less than or equal to 40%
C) Greater than 40% but less than or equal to 60%
D) Greater than 60%

Question 57

Rose is in charge of the advertising program for Proctor & Gamble's new laundry detergent. She has defined the advertising program as a project with the following characteristics. The goal is to complete the project on time and within budget, or she may not have this job next year-the pressure is on!
$\begin{array}{|c|c|c|c|c|c|}\hline\text { Activity } & \begin{array}{c}\text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array}{c}\text { Normal } \\\text { Time } \\\text { in weeks }\end{array} & \begin{array}{c}\text { Crash Time } \\\text { in weeks }\end{array} & \text { Normal Cost } & \text { Crash Cost } \\\hline \text { A } & \text { None } & 2 & 2 & \$ 15,000 & \$ 15,000 \\\hline \text { B } & \text { None } & 1 & 1 & \$ 12,000 & \$ 12,000 \\\hline \text { C } & \text { A, B } & 5 & 3 & \$ 18,000 & \$ 24,000 \\\hline \text { D } & \text { A, B } & 4 & 2 & \$ 12,000 & \$ 16,000 \\\hline \text { E } & \text { C, D } & 2 & 1 & \$ 22,000 & \$ 23,500 \\\hline \text { F } & \text { D } & 4 & 3 & \$ 32,000 & \$ 36,000 \\\hline \text { G } & \text { E, F } & 3 & 2 & \$ 19,000 & \$ 20,000 \\\hline\end{array}$ Draw the project network in the space below if you want. BLANK SPACES

-The largest amount of slack that any activity has in this project is:

A) 1 week.
B) 2 weeks.
C) 3 weeks.
D) 4 weeks.

Question 58

You are responsible for managing an advertising project with the following activities (times are given in weeks).
$\begin{array}{cccccc}&\text { Immediate } & \text { Normal Time } & \text { Crash Time } & \text { Normal } & \text { Crash } \\\text { Activity }&\text { Predecessor } & \text { (Weeks) } & \text { (Weeks) } & \text { Cost }(\$) & \text { Cost }(\$)\\\hline\text { A } & \text { none } & 3 & 2 & \$ 14,000 & \$ 16,500 \\\text { B } & \text { none } & 6 & 6 & \$ 5,500 & \$ 5,500 \\\text { C } & \text { none } & 2 & 1 & \$ 6,000 & \$ 8,000 \\\text { D } & \text { A, B } & 5 & 3 & \$ 7,500 & \$ 14,500 \\\text { E } & \text { C } & 2 & 1 & \$ 9,000 & \$ 10,500 \\\text { F } & \text { A } & 7 & 6 & \$ 15,000 & \$ 18,000 \\\text { G } & \text { D. E F } & 4 & 3 & \$ 8,400 & \$ 10,000\end{array}$ Draw the project network here. BLANK SPACES

-What is the total project (normal plus crash) cost?

A) Less than or equal to $60,000
B) Greater than $60,000 but less than or equal to $65,000
C) Greater than $65,000 but less than or equal to $70,000
D) Greater than $70,000

Question 59

Which of the following terms is least related to Program Evaluation and Review Technique (PERT)?

A) Beta distribution
B) Variance
C) Most probable time
D) Crashing

Question 60

Rose is in charge of the advertising program for Proctor & Gamble's new laundry detergent. She has defined the advertising program as a project with the following characteristics. The goal is to complete the project on time and within budget, or she may not have this job next year-the pressure is on!
$\begin{array}{|c|c|c|c|c|c|}\hline\text { Activity } & \begin{array}{c}\text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array}{c}\text { Normal } \\\text { Time } \\\text { in weeks }\end{array} & \begin{array}{c}\text { Crash Time } \\\text { in weeks }\end{array} & \text { Normal Cost } & \text { Crash Cost } \\\hline \text { A } & \text { None } & 2 & 2 & \$ 15,000 & \$ 15,000 \\\hline \text { B } & \text { None } & 1 & 1 & \$ 12,000 & \$ 12,000 \\\hline \text { C } & \text { A, B } & 5 & 3 & \$ 18,000 & \$ 24,000 \\\hline \text { D } & \text { A, B } & 4 & 2 & \$ 12,000 & \$ 16,000 \\\hline \text { E } & \text { C, D } & 2 & 1 & \$ 22,000 & \$ 23,500 \\\hline \text { F } & \text { D } & 4 & 3 & \$ 32,000 & \$ 36,000 \\\hline \text { G } & \text { E, F } & 3 & 2 & \$ 19,000 & \$ 20,000 \\\hline\end{array}$ Draw the project network in the space below if you want. BLANK SPACES

-The total normal cost of the project is:

A) less than $50,000.
B) more than $50,000 but less than or equal to $75,000.
C) more than $75,000 but less than or equal to $100,000.
D) more than $125,000.

Question 61

In the Activity-On-Node (AON) network, the nodes define the precedence relationships, and the arcs define the work activities.

Question 62

Activity times are always estimated from historical data of similar work tasks to provide realism for a project.

Question 63

Preparation of annual reports does not require project management techniques.

Question 64

Strong leadership is an impediment to project management success because of the team-based nature of most projects.

Question 65

A high definition television manufacturer in Asia wants to develop a new smart television as fast as possible using Program Evaluation and Review Technique (PERT) and must complete the design and testing work first. The objective is to be the first to market the most innovative smart television on the planet and capture the first adopter market share. The manufacturer has determined the following activities, precedence relationships, and time estimates in days for the project:
$\begin{array}{rcccr}& \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } \\\text { Activity } & \text { Predecessors } & t_{o} & t_{m} & t_{p}\\\hlinea & \text { none } & 4 & 6 & 7 \\\mathrm{~b} & \mathrm{a} & 1 & 2 & 3 \\\mathrm{c} & \mathrm{a} & 5 & 5 & 5 \\\mathrm{~d} & \mathrm{~b} & 7 & 9 & 12 \\\mathrm{e} & \mathrm{b} & 2 & 4 & 8 \\\mathrm{f} & \mathrm{c} d & 6 & 9 & 10\end{array}$ Solutions are at the end of questions

-The probability that the project will take longer than 28 weeks to complete is _____.

A) less than or equal to 0.1
B) greater than 0.1 but less than or equal to 0.3
C) greater than 0.3 but less than or equal to 0.6
D) greater than 0.6 but less than or equal to 0.9

Question 66

In most organizations, projects cut across organizational boundaries, making it difficult to implement projects exclusively within functional departments.

Question 67

Which one of the following statements about Project Evaluation and Review Technique (PERT) is TRUE?

A) The expected time is given and not computed using formulas.
B) The probability of completing the project on time is 0 when the project target completion time equals the expected time.
C) The normal probability distribution is not used in PERT methods.
D) The variance in project duration is given by the sum of the variances of the critical path activities.

Question 68

All activities on the critical path have a zero slack time.

Question 69

Immediate predecessors are activities that must be completed immediately before an activity may start.

Question 70

The early start time for an activity is computed by finding the largest early finish time of all immediate predecessors.

Question 71

To compute the critical path, all nodes in the network are assigned an earliest starting time of zero.

Question 72

Project managers need to be specialists, not generalists.

Question 73

A high definition television manufacturer in Asia wants to develop a new smart television as fast as possible using Program Evaluation and Review Technique (PERT) and must complete the design and testing work first. The objective is to be the first to market the most innovative smart television on the planet and capture the first adopter market share. The manufacturer has determined the following activities, precedence relationships, and time estimates in days for the project:
$\begin{array}{rcccr}& \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } \\\text { Activity } & \text { Predecessors } & t_{o} & t_{m} & t_{p}\\\hlinea & \text { none } & 4 & 6 & 7 \\\mathrm{~b} & \mathrm{a} & 1 & 2 & 3 \\\mathrm{c} & \mathrm{a} & 5 & 5 & 5 \\\mathrm{~d} & \mathrm{~b} & 7 & 9 & 12 \\\mathrm{e} & \mathrm{b} & 2 & 4 & 8 \\\mathrm{f} & \mathrm{c} d & 6 & 9 & 10\end{array}$ Solutions are at the end of questions

-What is the slack time for Activity B?

A) Zero days
B) Greater than zero but less than or equal to 1.0 days
C) Greater than 1.0 but less than or equal to 2.0 days
D) Greater than 2.0 days

Question 74

A Gantt chart is a useful tool for allocating limited resources among project activities.

Question 75

Project management objectives revolve around time and budget.

Question 76

A high definition television manufacturer in Asia wants to develop a new smart television as fast as possible using Program Evaluation and Review Technique (PERT) and must complete the design and testing work first. The objective is to be the first to market the most innovative smart television on the planet and capture the first adopter market share. The manufacturer has determined the following activities, precedence relationships, and time estimates in days for the project:
$\begin{array}{rcccr}& \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } \\\text { Activity } & \text { Predecessors } & t_{o} & t_{m} & t_{p}\\\hlinea & \text { none } & 4 & 6 & 7 \\\mathrm{~b} & \mathrm{a} & 1 & 2 & 3 \\\mathrm{c} & \mathrm{a} & 5 & 5 & 5 \\\mathrm{~d} & \mathrm{~b} & 7 & 9 & 12 \\\mathrm{e} & \mathrm{b} & 2 & 4 & 8 \\\mathrm{f} & \mathrm{c} d & 6 & 9 & 10\end{array}$ Solutions are at the end of questions

-The standard deviation (not variance) of the critical path in days is _____.

A) less than or equal to 1.0 days
B) greater than 1.0 but less than or equal to 2.0 days
C) greater than 2.0 but less than or equal to 3.0 days
D) greater than 3.0 days

Question 77

A slack of 2 means the project is ahead of schedule by two time periods.

Question 78

A statement of work would be developed in the "organize" step of the project life cycle.

Question 79

A high definition television manufacturer in Asia wants to develop a new smart television as fast as possible using Program Evaluation and Review Technique (PERT) and must complete the design and testing work first. The objective is to be the first to market the most innovative smart television on the planet and capture the first adopter market share. The manufacturer has determined the following activities, precedence relationships, and time estimates in days for the project:
$\begin{array}{rcccr}& \text { Immediate } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } \\\text { Activity } & \text { Predecessors } & t_{o} & t_{m} & t_{p}\\\hlinea & \text { none } & 4 & 6 & 7 \\\mathrm{~b} & \mathrm{a} & 1 & 2 & 3 \\\mathrm{c} & \mathrm{a} & 5 & 5 & 5 \\\mathrm{~d} & \mathrm{~b} & 7 & 9 & 12 \\\mathrm{e} & \mathrm{b} & 2 & 4 & 8 \\\mathrm{f} & \mathrm{c} d & 6 & 9 & 10\end{array}$ Solutions are at the end of questions

-The expected duration of the critical path in days is _____.

A) less than or equal to 20 days
B) greater than 20 but less than or equal to 25 days
C) greater than 25 but less than or equal to 30 days
D) greater than 30 days

Question 80

The critical path is the sequence of activities that takes the longest time.