Deck 15: Project Management Online

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Question
What are the immediate successors of activity D in this network? <strong>What are the immediate successors of activity D in this network?  </strong> A)A,B,C B)B,C C)E,F D)E <div style=padding-top: 35px>

A)A,B,C
B)B,C
C)E,F
D)E
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Question
What are the immediate predecessors of activity D in this network? <strong>What are the immediate predecessors of activity D in this network?  </strong> A)A,B,C B)B,C C)E,F D)E,G,H <div style=padding-top: 35px>

A)A,B,C
B)B,C
C)E,F
D)E,G,H
Question
What is the earliest start time for activity D in the following diagram? <strong>What is the earliest start time for activity D in the following diagram?  </strong> A)3 B)4 C)6 D)7 <div style=padding-top: 35px>

A)3
B)4
C)6
D)7
Question
What is the latest finish time for activity D in the following diagram? <strong>What is the latest finish time for activity D in the following diagram?  </strong> A)6 B)13 C)14 D)15 <div style=padding-top: 35px>

A)6
B)13
C)14
D)15
Question
Activity-on-Arc AOA)networks do not allow multiple arcs with common start and finish nodes.If this must be represented,how is an AOA network modified?

A)The network is redrawn into an Activity-on-Node network.
B)Connect the arcs to the node using an IFERROR)function.
C)Phantom dummy)activity arcs are added.
D)Zero duration activity arcs are added.
Question
What is the formula for the earliest finish time for activity i?

A)EFTi = ESTi + ti
B)EFTi = EFTj + tj
C)EFTi = EFTi−1 + ti
D)EFTi = ESTi − ti
Question
Slack for activity I is computed as

A)LFTi − ESTi
B)LSTi − ESTi
C)ESTi − LSTi
D)EFTi − LFTi
Question
There are various similarities between the CPM and PERT methods.Which of the following is not one of those similarities?

A)Any project can be broken down into component activities that require different amounts of time.
B)Any project can be broken down into component activities that must be accomplished in a specific order.
C)Both techniques use the same method to calculate the time element of the activities in the project.
D)Both require a detailed network of the project that clearly indicates each of the main activities and the precedence relationship among the activities.
Question
Which of the following correctly describes the focus of the Program Evaluation and Review Technique PERT)?

A)To order activities in a project in terms of their completion time to facilitate scheduling of the activities.
B)To determine when a project should be completed and to schedule when each activity in the project must begin in order to keep the project on schedule.
C)To estimate the probability of completing a project by a given deadline when the time required to perform the activity is essentially a random variable.
D)To structure the activities of a project in order to eliminate or reduce critical dependencies among the activities.
Question
Non-critical activities are distinguished by the presence of

A)positive slack.
B)idle resources.
C)wasted time.
D)zero slack.
Question
The critical path is the path throughout the network.

A)longest
B)most expensive
C)shortest
D)least expensive
Question
How many paths are there in the following project precedence network? <strong>How many paths are there in the following project precedence network?  </strong> A)6 B)7 C)8 D)9 <div style=padding-top: 35px>

A)6
B)7
C)8
D)9
Question
Which of the following is true regarding projects?

A)Projects can have a unique start activity and a unique finish activity.
B)Projects can have multiple start activities and a unique finish activity.
C)Projects can have multiple start and finish activities.
D)All of these are true regarding projects.
Question
The term "time zero" identifies

A)the start time for each activity.
B)the start time for the project.
C)midnight on each work day.
D)days with not wasted effort.
Question
If we are employing Activity-On-Node AON)network design,the arcs in the network diagram represent

A)significance relationships.
B)precedence relationships.
C)tasks to complete.
D)task times.
Question
Which of the following correctly describes the focus of the Critical Path Method CPM)?

A)To order activities in a project in terms of their completion time to facilitate scheduling of the activities.
B)To determine when a project should be completed and to schedule when each activity in the project must begin in order to keep the project on schedule.
C)To estimate the probability of completing a project by a given deadline when the time required to perform the activity is essentially a random variable.
D)To structure the activities of a project in order to eliminate or reduce critical dependencies among the activities.
Question
Critical activities are distinguished by the presence of

A)slack.
B)idle resources.
C)wasted time.
D)zero slack.
Question
If we are employing Activity-On-Arc AOA)network design,the arcs in the network diagram represent

A)significance relationships.
B)precedence relationships.
C)tasks to complete.
D)task times.
Question
The longest path through a network is comprised of the activities.

A)longest
B)essential
C)mandatory
D)critical
Question
Which of the following definitions correctly defines the acronym,PERT?

A)Program Evaluation and Review Technique.
B)Process Evaluation and Review Technique.
C)Program Evaluation and Reduction Technique.
D)Program Explanation and Reduction Technique.
Question
What formula should go in cell I5 of the following spreadsheet to compute Actual Time Between Starts?
 <strong>What formula should go in cell I5 of the following spreadsheet to compute Actual Time Between Starts?   </strong> A) =\text { VLOOKUPH5,\$B } \$ 5 \text { \$D } \$ 11,3) \text {-VLOOKUPG5, } \$ \mathrm{~B} \$ 5: \$ \mathrm{D} \$ 11,3 ) B) =\text { VLOOKUPH5,\$B } \$ 5: \$ D \$ 11,2)-V L O O K U P G 5, \$ B \$ 5: \$ D \$ 11,2)  C) =\text { VLOOKUPG5,\$B } \$ 5: \$ D \$ 11,3)-V L O O K U P H 5, \$ B \$ 5: \$ D \$ 11,3)  D) =\text { VLOOKUPH5, } \$ \mathrm{~B} \$ 5: \$ \mathrm{D} \$ 11,3)-\mathrm{VLOOKUPG} 5, \$ \mathrm{~B} \$ 5: \$ \mathrm{D} \$ 11,3 ) <div style=padding-top: 35px>

A) = VLOOKUPH5,$B $5 $D $11,3)-VLOOKUPG5, $ B$5:$D$11,3=\text { VLOOKUPH5,\$B } \$ 5 \text { \$D } \$ 11,3) \text {-VLOOKUPG5, } \$ \mathrm{~B} \$ 5: \$ \mathrm{D} \$ 11,3 )
B) = VLOOKUPH5,$B $5:$D$11,2)VLOOKUPG5,$B$5:$D$11,2)=\text { VLOOKUPH5,\$B } \$ 5: \$ D \$ 11,2)-V L O O K U P G 5, \$ B \$ 5: \$ D \$ 11,2)
C) = VLOOKUPG5,$B $5:$D$11,3)VLOOKUPH5,$B$5:$D$11,3)=\text { VLOOKUPG5,\$B } \$ 5: \$ D \$ 11,3)-V L O O K U P H 5, \$ B \$ 5: \$ D \$ 11,3)
D) = VLOOKUPH5, $ B$5:$D$11,3)VLOOKUPG5,$ B$5:$D$11,3=\text { VLOOKUPH5, } \$ \mathrm{~B} \$ 5: \$ \mathrm{D} \$ 11,3)-\mathrm{VLOOKUPG} 5, \$ \mathrm{~B} \$ 5: \$ \mathrm{D} \$ 11,3 )
Question
Exhibit 15.2
The following questions employ the AON network and completed spreadsheet below.
 <strong>Exhibit 15.2 The following questions employ the AON network and completed spreadsheet below.    \begin{array}{|c|c|c|c|c|c|c|c|c|c|} \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\ \hline 1 & \text { Activity } & \text { Description } & \text { Predecessor } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\\hline 2 & \text { A } & \text { Activity A } & & 4 & 0 & 4 & 0 & 4 & 0 \\ \hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & 0 \\ \hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & 1 \\\hline 5 & \text { D } & \text { Activity D } & \text { B,C } & 7 & 7 & 14 & 7 & 14 & 0 \\ \hline 6 & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & 1 \\ \hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & 0 \\ \hline 8 & \text { G } & \text { Activity G } & \text { E,F } & 3 & 16 & 19 & 16 & 19 & 0 \\ \hline \end{array}   -Refer to Exhibit 15.2.What formula is placed in cell G5 to calculate the Latest Start Time?</strong> A)H5 ? G5 B)F5 ? G5 C)H5 ? D5 D)F5 ? D5 <div style=padding-top: 35px>   A  B  C  D  E  F  G  H  I 1 Activity  Description  Predecessor  Time  EST  EFT  LST  LFT  Slack 2 A  Activity A 4040403 B  Activity B  A 3474704 C  Activity C  A 2465715 D  Activity D  B,C 771471406 E  Activity E  D 11415151617 F  Activity F  D 21416141608 G  Activity G  E,F 3161916190\begin{array}{|c|c|c|c|c|c|c|c|c|c|}\hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\\hline 1 & \text { Activity } & \text { Description } & \text { Predecessor } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\\hline 2 & \text { A } & \text { Activity A } & & 4 & 0 & 4 & 0 & 4 & 0 \\\hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & 0 \\\hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & 1 \\\hline 5 & \text { D } & \text { Activity D } & \text { B,C } & 7 & 7 & 14 & 7 & 14 & 0 \\\hline 6 & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & 1 \\\hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & 0 \\\hline 8 & \text { G } & \text { Activity G } & \text { E,F } & 3 & 16 & 19 & 16 & 19 & 0 \\\hline\end{array}

-Refer to Exhibit 15.2.What formula is placed in cell G5 to calculate the Latest Start Time?

A)H5 ? G5
B)F5 ? G5
C)H5 ? D5
D)F5 ? D5
Question
The critical path in PERT analysis is the path with the

A)smallest variance.
B)longest expected completion time.
C)smallest number of tasks.
D)smallest variance and longest expected completion time.
Question
Slack represents the amount of time by which an activity can be delayed without delaying the entire project,assuming that

A)all successor activities start at their earliest start times.
B)all predecessor activities start at their earliest start times.
C)immediate predecessor activities start at their earliest start times.
D)all predecessor activities start at their latest start times.
Question
Which activities have slack in the following diagram? <strong>Which activities have slack in the following diagram?  </strong> A)A,C,D,F B)B,E C)A,C,D,E D)B,D,E <div style=padding-top: 35px>

A)A,C,D,F
B)B,E
C)A,C,D,E
D)B,D,E
Question
One of PERT's bold assumptions is that

A)individual activity times are independent of each other.
B)individual activity times are dependent of each other.
C)individual activity times are constant.
D)individual activity times can be added together.
Question
In a PERT network the time required to complete a path is an)

A)constant
B)random variable
C)Poisson distributed variable
D)exponentially distributed variable
Question
Which activities are critical in the following diagram? <strong>Which activities are critical in the following diagram?  </strong> A)A,C,D,F B)B,D,E C)A,C,D,E D)A,B,D,E,F <div style=padding-top: 35px>

A)A,C,D,F
B)B,D,E
C)A,C,D,E
D)A,B,D,E,F
Question
Shortening the activity completion time is called

A)expediting
B)speeding
C)accelerating
D)crashing
Question
The purpose of the forward pass in the Critical Path Method CPM)technique is to

A)review each of the precedence relationships in the activity network.
B)calculate the slack time within each node on the activity network.
C)determine the earliest time each activity can start and finish.
D)determine the latest time each activity can start and finish.
Question
Exhibit 15.1
The following questions employ the AON network and partial spreadsheet below.
 <strong>Exhibit 15.1 The following questions employ the AON network and partial spreadsheet below.    \begin{array} { | c | c | c | c | c | c | c | c | c | c | } \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\ \hline 1 & \text { Activity } & \text { Description } & \text { Predecessar } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\ \hline 2 & \text { A } & \text { Activity A } & & 4 & \text { I } & 4 & \text { I } & 4 & \\ \hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & \\ \hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & \\ \hline 5 & \text { D } & \text { Activity D } & ? & 7 & ? & ? & ? & ? & \\ \hline \text { 6 } & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & \\ \hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & \\ \hline8 & \text { G } & \text { Activity G } & \text { E ,F } & 3 & 16 & 19 & 16 & 19 & \\ \hline \end{array}   -Refer to Exhibit 15.1.What array formula is placed in cell E5 to calculate the Earliest Start Time?</strong> A)E2 + D2 B)MAXIFISERRFIND$A$5:$A$17,C5)),0,$F$5:$F$17)) C)H2 ? D2 D)MINIFISNUMBERFINDA5,$C$2:$C$8)),$G$2:$G$8)) <div style=padding-top: 35px>   A  B  C  D  E  F  G  H  I 1 Activity  Description  Predecessar  Time  EST  EFT  LST  LFT  Slack 2 A  Activity A 4 I 4 I 43 B  Activity B  A 347474 C  Activity C  A 246575 D  Activity D ?7???? 6  E  Activity E  D 1141515167 F  Activity F  D 2141614168 G  Activity G  E ,F 316191619\begin{array} { | c | c | c | c | c | c | c | c | c | c | } \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\\hline 1 & \text { Activity } & \text { Description } & \text { Predecessar } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\\hline 2 & \text { A } & \text { Activity A } & & 4 & \text { I } & 4 & \text { I } & 4 & \\\hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & \\\hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & \\\hline 5 & \text { D } & \text { Activity D } & ? & 7 & ? & ? & ? & ? & \\\hline \text { 6 } & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & \\\hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & \\\hline8 & \text { G } & \text { Activity G } & \text { E ,F } & 3 & 16 & 19 & 16 & 19 & \\\hline\end{array}

-Refer to Exhibit 15.1.What array formula is placed in cell E5 to calculate the Earliest Start Time?

A)E2 + D2
B)MAXIFISERRFIND$A$5:$A$17,C5)),0,$F$5:$F$17))
C)H2 ? D2
D)MINIFISNUMBERFINDA5,$C$2:$C$8)),$G$2:$G$8))
Question
A strength of Gantt charts is that they

A)clearly portray precedence relationships.
B)model uncertainty in activity duration times.
C)provide a timeline-based,graphical view of when activities can begin and end.
D)clearly identifies the critical path.
Question
The purpose of the backward pass in the Critical Path Method CPM)technique is to

A)review each of the precedence relationships in the activity network.
B)calculate the slack time within each node on the activity network.
C)determine the earliest time each activity can start and finish.
D)determine the latest time each activity can start and finish.
Question
A company wants to use PERT to manage a project.They have developed the following spreadsheet for the problem.If The Risk Solver Platform RSP)is used,what formula should go in cell F3 of the spreadsheet to compute the Activity Time when simulating a PERT analysis?
 A  B  C  D  E  F  G  H  I  J  K  L 1 Time  Random  Activity Estimates 2 Act amb Number  Time  EST  EFT  LST  LFT  SLACK 3 A 810140.7311.46011.4620.0011.460.004 B 2340.192.6211.46214.08112.9015.521.445 C 3450.564.0611.46215.52111.4615.520.006D58120.9410.7215.52126.2415.5226.240.007E1240.352.0326.2428.27228.0830.111.848 F3570.093.8726.2430.10926.2430.110.009G1230.592.0930.10932.20230.1132.200.00MODEL\begin{array}{|c|c|c|c|c|c|c|c|c|c|c|c|c|}\hline& \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } & \text { J } & \text { K } & \text { L } \\\hline 1 & \text { Time } & & & & \text { Random } & \text { Activity } & & & & & &\\&\text {Estimates }\\\hline 2 & \text { Act } & \mathrm{a} & \mathrm{m} & \mathrm{b} & \text { Number } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { SLACK } & \\\hline 3 & \text { A } & 8 & 10 & 14 & 0.73 & 11.46 & 0 & 11.462 & 0.00 & 11.46 & 0.00 & * * \\\hline 4 & \text { B } & 2 & 3 & 4 & 0.19 & 2.62 & 11.462 & 14.081 & 12.90 & 15.52 & 1.44 & \\\hline 5 & \text { C } & 3 & 4 & 5 & 0.56 & 4.06 & 11.462 & 15.521 & 11.46 & 15.52 & 0.00 & * * \\\hline 6 & \mathrm{D} & 5 & 8 & 12 & 0.94 & 10.72 & 15.521 & 26.24 & 15.52 & 26.24 & 0.00 & * * \\\hline 7 & \mathrm{E} & 1 & 2 & 4 & 0.35 & 2.03 & 26.24 & 28.272 & 28.08 & 30.11 & 1.84 & \\\hline 8 & \mathrm{~F} & 3 & 5 & 7 & 0.09 & 3.87 & 26.24 & 30.109 & 26.24 & 30.11 & 0.00 & * * \\\hline 9 & \mathrm{G} & 1 & 2 & 3 & 0.59 & 2.09 & 30.109 & 32.202 & 30.11 & 32.20 & 0.00 & * * \\\hline&&\mathrm{M} \\&&\mathrm{O} \\&&\mathrm{D} \\&&\mathrm{E} \\&&\mathrm{L}\\\hline\end{array}

A)=IFE3?C3-E3)/D3-B3),D3-SQRTD3-B3)*D3-C3)*1-E3)),B3+SQRTD3-E3)*C3-B3)*E3))
B)=IFE3?D3-B3)/C3-E3),B3+SQRTD3-E3)*C3-B3)*E3),D3-SQRTD3-B3)*D3-C3)*1-E3)))
C)=IFE3?C3-E3)/D3-B3),B3-SQRTD3-E3)*C3-B3)*E3),D3+SQRTD3-B3)*D3-C3)*1-E3)))
D)=PsiTriangularB3,C3,D3)
Question
If the following project must be completed by day 18 at minimum cost how do we change the LP model?
<strong>If the following project must be completed by day 18 at minimum cost how do we change the LP model?  </strong> A)Enter 18 in cell E14. B)Add a constraint that E14 ≤ 18. C)Make cell E14 the target cell. D)Add a constraint that E14 = 18. <div style=padding-top: 35px>

A)Enter 18 in cell E14.
B)Add a constraint that E14 ≤ 18.
C)Make cell E14 the target cell.
D)Add a constraint that E14 = 18.
Question
Exhibit 15.2
The following questions employ the AON network and completed spreadsheet below.
 <strong>Exhibit 15.2 The following questions employ the AON network and completed spreadsheet below.    \begin{array}{|c|c|c|c|c|c|c|c|c|c|} \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\ \hline 1 & \text { Activity } & \text { Description } & \text { Predecessor } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\\hline 2 & \text { A } & \text { Activity A } & & 4 & 0 & 4 & 0 & 4 & 0 \\ \hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & 0 \\ \hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & 1 \\\hline 5 & \text { D } & \text { Activity D } & \text { B,C } & 7 & 7 & 14 & 7 & 14 & 0 \\ \hline 6 & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & 1 \\ \hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & 0 \\ \hline 8 & \text { G } & \text { Activity G } & \text { E,F } & 3 & 16 & 19 & 16 & 19 & 0 \\ \hline \end{array}   -Refer to Exhibit 15.2.Which of the following activities is not on the critical path for the network?</strong> A)Activity A B)Activity C C)Activity D D)Activity G <div style=padding-top: 35px>   A  B  C  D  E  F  G  H  I 1 Activity  Description  Predecessor  Time  EST  EFT  LST  LFT  Slack 2 A  Activity A 4040403 B  Activity B  A 3474704 C  Activity C  A 2465715 D  Activity D  B,C 771471406 E  Activity E  D 11415151617 F  Activity F  D 21416141608 G  Activity G  E,F 3161916190\begin{array}{|c|c|c|c|c|c|c|c|c|c|}\hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\\hline 1 & \text { Activity } & \text { Description } & \text { Predecessor } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\\hline 2 & \text { A } & \text { Activity A } & & 4 & 0 & 4 & 0 & 4 & 0 \\\hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & 0 \\\hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & 1 \\\hline 5 & \text { D } & \text { Activity D } & \text { B,C } & 7 & 7 & 14 & 7 & 14 & 0 \\\hline 6 & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & 1 \\\hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & 0 \\\hline 8 & \text { G } & \text { Activity G } & \text { E,F } & 3 & 16 & 19 & 16 & 19 & 0 \\\hline\end{array}

-Refer to Exhibit 15.2.Which of the following activities is not on the critical path for the network?

A)Activity A
B)Activity C
C)Activity D
D)Activity G
Question
Exhibit 15.1
The following questions employ the AON network and partial spreadsheet below.
 <strong>Exhibit 15.1 The following questions employ the AON network and partial spreadsheet below.    \begin{array} { | c | c | c | c | c | c | c | c | c | c | } \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\ \hline 1 & \text { Activity } & \text { Description } & \text { Predecessar } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\ \hline 2 & \text { A } & \text { Activity A } & & 4 & \text { I } & 4 & \text { I } & 4 & \\ \hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & \\ \hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & \\ \hline 5 & \text { D } & \text { Activity D } & ? & 7 & ? & ? & ? & ? & \\ \hline \text { 6 } & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & \\ \hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & \\ \hline8 & \text { G } & \text { Activity G } & \text { E ,F } & 3 & 16 & 19 & 16 & 19 & \\ \hline \end{array}   -Refer to Exhibit 15.1.What values are placed in cell C5 of the spreadsheet?</strong> A)E,F B)B C)C D)B,C <div style=padding-top: 35px>   A  B  C  D  E  F  G  H  I 1 Activity  Description  Predecessar  Time  EST  EFT  LST  LFT  Slack 2 A  Activity A 4 I 4 I 43 B  Activity B  A 347474 C  Activity C  A 246575 D  Activity D ?7???? 6  E  Activity E  D 1141515167 F  Activity F  D 2141614168 G  Activity G  E ,F 316191619\begin{array} { | c | c | c | c | c | c | c | c | c | c | } \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\\hline 1 & \text { Activity } & \text { Description } & \text { Predecessar } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\\hline 2 & \text { A } & \text { Activity A } & & 4 & \text { I } & 4 & \text { I } & 4 & \\\hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & \\\hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & \\\hline 5 & \text { D } & \text { Activity D } & ? & 7 & ? & ? & ? & ? & \\\hline \text { 6 } & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & \\\hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & \\\hline8 & \text { G } & \text { Activity G } & \text { E ,F } & 3 & 16 & 19 & 16 & 19 & \\\hline\end{array}

-Refer to Exhibit 15.1.What values are placed in cell C5 of the spreadsheet?

A)E,F
B)B
C)C
D)B,C
Question
A weakness of Gantt charts is that they do not explicitly

A)indicate activity times.
B)show precedence relationships.
C)show activity start times.
D)show activity finish times.
Question
Exhibit 15.1
The following questions employ the AON network and partial spreadsheet below.
 <strong>Exhibit 15.1 The following questions employ the AON network and partial spreadsheet below.    \begin{array} { | c | c | c | c | c | c | c | c | c | c | } \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\ \hline 1 & \text { Activity } & \text { Description } & \text { Predecessar } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\ \hline 2 & \text { A } & \text { Activity A } & & 4 & \text { I } & 4 & \text { I } & 4 & \\ \hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & \\ \hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & \\ \hline 5 & \text { D } & \text { Activity D } & ? & 7 & ? & ? & ? & ? & \\ \hline \text { 6 } & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & \\ \hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & \\ \hline8 & \text { G } & \text { Activity G } & \text { E ,F } & 3 & 16 & 19 & 16 & 19 & \\ \hline \end{array}   -Refer to Exhibit 15.1.What array formula is placed in cell H5 to calculate the Latest Finish Time?</strong> A)E2 + D2 B)MAXIFISNUMBERFIND$A$2:$A$8,C5)),$F$2:$F$8)) C)H2 ? D2 D)MINIFISERRFINDA5,$C$5:$C$17)),MAX$F$5:$F$17),$G$5:$G$17)) <div style=padding-top: 35px>   A  B  C  D  E  F  G  H  I 1 Activity  Description  Predecessar  Time  EST  EFT  LST  LFT  Slack 2 A  Activity A 4 I 4 I 43 B  Activity B  A 347474 C  Activity C  A 246575 D  Activity D ?7???? 6  E  Activity E  D 1141515167 F  Activity F  D 2141614168 G  Activity G  E ,F 316191619\begin{array} { | c | c | c | c | c | c | c | c | c | c | } \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\\hline 1 & \text { Activity } & \text { Description } & \text { Predecessar } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\\hline 2 & \text { A } & \text { Activity A } & & 4 & \text { I } & 4 & \text { I } & 4 & \\\hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & \\\hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & \\\hline 5 & \text { D } & \text { Activity D } & ? & 7 & ? & ? & ? & ? & \\\hline \text { 6 } & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & \\\hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & \\\hline8 & \text { G } & \text { Activity G } & \text { E ,F } & 3 & 16 & 19 & 16 & 19 & \\\hline\end{array}

-Refer to Exhibit 15.1.What array formula is placed in cell H5 to calculate the Latest Finish Time?

A)E2 + D2
B)MAXIFISNUMBERFIND$A$2:$A$8,C5)),$F$2:$F$8))
C)H2 ? D2
D)MINIFISERRFINDA5,$C$5:$C$17)),MAX$F$5:$F$17),$G$5:$G$17))
Question
What formula should go in cell H3 of the following spreadsheet to compute Crash Cost Per Day?
A B C D EFGH1 Normal  Crash  Allowable  Crash  Cost 2 Activity  Description  Time  Cost  Time  Cost  Crash Days  Per  Day 3 A412000214000210004 B  - 360002650015005 C  - 218000119000110006 D  - 714000420000320007E235001400015008F2600017500115009 G 3900011200021500 COSTS \begin{array}{|c|c|c|c|c|c|c|c|c|}\hline & \mathrm{A} & \text { B } & \mathrm{C} & \text { D } & E & F & \mathrm{G} & \mathrm{H} \\\hline 1 & & & \text { Normal } & & \text { Crash } & & \text { Allowable } & \begin{array}{c}\text { Crash } \\\text { Cost } \\\end{array} \\\hline 2 & \text { Activity } & \text { Description } & \text { Time } & \text { Cost } & \text { Time } & \text { Cost } & \text { Crash Days } & \begin{array}{l}\text { Per } \\\text { Day }\end{array} \\\hline 3 & \mathrm{~A} & - & 4 & 12000 & 2 & 14000 & 2 & 1000 \\\hline 4 & \text { B } & \text { - } & 3 & 6000 & 2 & 6500 & 1 & 500 \\\hline 5 & \text { C } & \text { - } & 2 & 18000 & 1 & 19000 & 1 & 1000 \\\hline 6 & \text { D } & \text { - } & 7 & 14000 & 4 & 20000 & 3 & 2000 \\\hline 7 & E & - & 2 & 3500 & 1 & 4000 & 1 & 500 \\\hline 8 & F & - & 2 & 6000 & 1 & 7500 & 1 & 1500 \\\hline 9 & \text { G } & - & 3 & 9000 & 1 & 12000 & 2 & 1500 \\\hline & \text { COSTS } & & & & & & & \\\hline\end{array}

A)=C3-E3)/F3-D3)
B)=F3-D3)/C3-E3)
C)=F3)/C3-E3)
D)=F3-D3)/E3)
Question
A company wants to use PERT to manage a project.They have developed the following spreadsheet for the problem.What formula should go in cell F3 of the spreadsheet to compute the Activity Time when simulating a PERT analysis?
Question
Activities with zero slack

A)are dummy activities
B)lie on the critical path
C)must be completed first
D)must be delayed
Question
Exhibit 15.4
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Activity
Days Required
Predecessor Activities
A 1 −
B 4 A
C 3 B
D 3 C
E 2 B
F 4 E
G 2 D,F
Refer to Exhibit 15.4.Manually determine the earliest and latest start and finish times for each activity and the amount of slack for each activity.What is the critical path for the project and how long should it take to complete it?
Question
Exhibit 15.3
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Exhibit 15.3 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities:   Refer to Exhibit 15.3.The following spreadsheet was developed to determine the earliest start times and latest start times for the project.Based on the data in the spreadsheet,which activities are on the critical path?  <div style=padding-top: 35px>
Refer to Exhibit 15.3.The following spreadsheet was developed to determine the earliest start times and latest start times for the project.Based on the data in the spreadsheet,which activities are on the critical path?
Exhibit 15.3 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities:   Refer to Exhibit 15.3.The following spreadsheet was developed to determine the earliest start times and latest start times for the project.Based on the data in the spreadsheet,which activities are on the critical path?  <div style=padding-top: 35px>
Question
Exhibit 15.6
The following questions use the information below.
Consider the CPM network for the following set off activities: Activity Predecessor Activities
Exhibit 15.6 The following questions use the information below. Consider the CPM network for the following set off activities: Activity Predecessor Activities   A --- B A C A,B D A,B E A,B,C F A,B,C G A,B,C,D H A,B,D I A,B,C,D,F,G Refer to Exhibit 15.6.Is it necessary to draw an arc from the node for activity F to the node for activity I?<div style=padding-top: 35px> A ---
B A
C A,B
D A,B
E A,B,C
F A,B,C
G A,B,C,D
H A,B,D
I A,B,C,D,F,G
Refer to Exhibit 15.6.Is it necessary to draw an arc from the node for activity F to the node for activity I?
Question
For an activity with duration t,slack can be calculated as

A)LS-ES
B)LF-t
C)LS+t
D)LS+ES
Question
Exhibit 15.3
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Exhibit 15.3 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities:   Refer to Exhibit 15.3.Identify each path through the network and its expected length.<div style=padding-top: 35px>
Refer to Exhibit 15.3.Identify each path through the network and its expected length.
Question
Exhibit 15.4
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Activity
Days Required
Predecessor Activities
A 1 −
B 4 A
C 3 B
D 3 C
E 2 B
F 4 E
G 2 D,F
Refer to Exhibit 15.4.Identify each path through the network and its expected length.
Question
Exhibit 15.5
The following questions use the information below.
A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.
Exhibit 15.5 The following questions use the information below. A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.     Refer to Exhibit 15.5.What formula should go in cell H3 of the Costs spreadsheet to compute Crash Cost Per Day?<div style=padding-top: 35px> Exhibit 15.5 The following questions use the information below. A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.     Refer to Exhibit 15.5.What formula should go in cell H3 of the Costs spreadsheet to compute Crash Cost Per Day?<div style=padding-top: 35px>
Refer to Exhibit 15.5.What formula should go in cell H3 of the Costs spreadsheet to compute Crash Cost Per Day?
Question
Exhibit 15.4
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Activity
Days Required
Predecessor Activities
A 1 −
B 4 A
C 3 B
D 3 C
E 2 B
F 4 E
G 2 D,F
Refer to Exhibit 15.4.Draw the CPM network for this problem.Use AON notation.
Question
Exhibit 15.5
The following questions use the information below.
A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.
Exhibit 15.5 The following questions use the information below. A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.     Refer to Exhibit 15.5.What formula should go in cell I5 of the Model spreadsheet to compute Actual Time Between Starts?<div style=padding-top: 35px> Exhibit 15.5 The following questions use the information below. A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.     Refer to Exhibit 15.5.What formula should go in cell I5 of the Model spreadsheet to compute Actual Time Between Starts?<div style=padding-top: 35px>
Refer to Exhibit 15.5.What formula should go in cell I5 of the Model spreadsheet to compute Actual Time Between Starts?
Question
Exhibit 15.3
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Exhibit 15.3 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities:   Refer to Exhibit 15.3.Draw the CPM network for this problem.Use AON notation.<div style=padding-top: 35px>
Refer to Exhibit 15.3.Draw the CPM network for this problem.Use AON notation.
Question
In project control charts,the horizontal bars are shaded to indicate

A)work completed
B)work to be completed
C)overcapacity
D)undercapacity
Question
Exhibit 15.6
The following questions use the information below.
Consider the CPM network for the following set off activities: Activity Predecessor Activities
Exhibit 15.6 The following questions use the information below. Consider the CPM network for the following set off activities: Activity Predecessor Activities   A --- B A C A,B D A,B E A,B,C F A,B,C G A,B,C,D H A,B,D I A,B,C,D,F,G Refer to Exhibit 15.6.Is it necessary to draw an arc from the node for activity A to the node for activity C?<div style=padding-top: 35px> A ---
B A
C A,B
D A,B
E A,B,C
F A,B,C
G A,B,C,D
H A,B,D
I A,B,C,D,F,G
Refer to Exhibit 15.6.Is it necessary to draw an arc from the node for activity A to the node for activity C?
Question
Exhibit 15.3
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Exhibit 15.3 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities:   Refer to Exhibit 15.3.Manually determine the earliest and latest start and finish times for each activity and the amount of slack for each activity.What is the critical path for the project and how long should it take to complete it?<div style=padding-top: 35px>
Refer to Exhibit 15.3.Manually determine the earliest and latest start and finish times for each activity and the amount of slack for each activity.What is the critical path for the project and how long should it take to complete it?
Question
Exhibit 15.5
The following questions use the information below.
A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.
Exhibit 15.5 The following questions use the information below. A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.     Refer to Exhibit 15.5.If the following project must be completed by day 18 at minimum cost how do we change the LP model?<div style=padding-top: 35px> Exhibit 15.5 The following questions use the information below. A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.     Refer to Exhibit 15.5.If the following project must be completed by day 18 at minimum cost how do we change the LP model?<div style=padding-top: 35px>
Refer to Exhibit 15.5.If the following project must be completed by day 18 at minimum cost how do we change the LP model?
Question
A project plan is established

A)before project activities begin and is modified as time goes on and conditions change
B)before project activities begin
C)before project organization
D)dynamically,as conditions change
Question
For an activity with duration t,slack can be calculated as

A)LF-EF
B)LF-t
C)LS+t
D)LS+ES
Question
An activity

A)is an effort required to complete part of the project
B)is a milestone
C)consumes no resources
D)describes precedence relationship
Question
Exhibit 15.4
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Activity
Days Required
Predecessor Activities
A 1 −
B 4 A
C 3 B
D 3 C
E 2 B
F 4 E
G 2 D,F
Refer to Exhibit 15.4.The following spreadsheet was developed to determine the earliest start times and latest start times for the project.Based on the data in the spreadsheet,which activities are on the critical path?
Exhibit 15.4 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities: Activity Days Required Predecessor Activities A 1 − B 4 A C 3 B D 3 C E 2 B F 4 E G 2 D,F Refer to Exhibit 15.4.The following spreadsheet was developed to determine the earliest start times and latest start times for the project.Based on the data in the spreadsheet,which activities are on the critical path?  <div style=padding-top: 35px>
Question
In CPM,the duration of the project

A)is equal to the duration of the critical path
B)is determined by managers
C)is determined by investors
D)is determined by a supervising government agency
Question
The main difference between CPM and PERT is that

A)PERT is probabilistic
B)PERT is deterministic
C)CPM is best for longer projects
D)CPM requires 3 duration estimates for each activity
Question
A way to crash an activity is to

A)spend extra money
B)subcontract
C)use overtime
D)all of the above
Question
In deciding which activities to crash,select

A)activities on the critical paths)
B)all activities with positive slack time
C)longest activities
D)lowest cost activities
Question
CPM and PERT differ because of

A)activity time estimates
B)cost calculations
C)precedence relationship
D)network diagram
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Deck 15: Project Management Online
1
What are the immediate successors of activity D in this network? <strong>What are the immediate successors of activity D in this network?  </strong> A)A,B,C B)B,C C)E,F D)E

A)A,B,C
B)B,C
C)E,F
D)E
C
2
What are the immediate predecessors of activity D in this network? <strong>What are the immediate predecessors of activity D in this network?  </strong> A)A,B,C B)B,C C)E,F D)E,G,H

A)A,B,C
B)B,C
C)E,F
D)E,G,H
B
3
What is the earliest start time for activity D in the following diagram? <strong>What is the earliest start time for activity D in the following diagram?  </strong> A)3 B)4 C)6 D)7

A)3
B)4
C)6
D)7
C
4
What is the latest finish time for activity D in the following diagram? <strong>What is the latest finish time for activity D in the following diagram?  </strong> A)6 B)13 C)14 D)15

A)6
B)13
C)14
D)15
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5
Activity-on-Arc AOA)networks do not allow multiple arcs with common start and finish nodes.If this must be represented,how is an AOA network modified?

A)The network is redrawn into an Activity-on-Node network.
B)Connect the arcs to the node using an IFERROR)function.
C)Phantom dummy)activity arcs are added.
D)Zero duration activity arcs are added.
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6
What is the formula for the earliest finish time for activity i?

A)EFTi = ESTi + ti
B)EFTi = EFTj + tj
C)EFTi = EFTi−1 + ti
D)EFTi = ESTi − ti
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7
Slack for activity I is computed as

A)LFTi − ESTi
B)LSTi − ESTi
C)ESTi − LSTi
D)EFTi − LFTi
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8
There are various similarities between the CPM and PERT methods.Which of the following is not one of those similarities?

A)Any project can be broken down into component activities that require different amounts of time.
B)Any project can be broken down into component activities that must be accomplished in a specific order.
C)Both techniques use the same method to calculate the time element of the activities in the project.
D)Both require a detailed network of the project that clearly indicates each of the main activities and the precedence relationship among the activities.
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9
Which of the following correctly describes the focus of the Program Evaluation and Review Technique PERT)?

A)To order activities in a project in terms of their completion time to facilitate scheduling of the activities.
B)To determine when a project should be completed and to schedule when each activity in the project must begin in order to keep the project on schedule.
C)To estimate the probability of completing a project by a given deadline when the time required to perform the activity is essentially a random variable.
D)To structure the activities of a project in order to eliminate or reduce critical dependencies among the activities.
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10
Non-critical activities are distinguished by the presence of

A)positive slack.
B)idle resources.
C)wasted time.
D)zero slack.
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11
The critical path is the path throughout the network.

A)longest
B)most expensive
C)shortest
D)least expensive
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12
How many paths are there in the following project precedence network? <strong>How many paths are there in the following project precedence network?  </strong> A)6 B)7 C)8 D)9

A)6
B)7
C)8
D)9
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13
Which of the following is true regarding projects?

A)Projects can have a unique start activity and a unique finish activity.
B)Projects can have multiple start activities and a unique finish activity.
C)Projects can have multiple start and finish activities.
D)All of these are true regarding projects.
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14
The term "time zero" identifies

A)the start time for each activity.
B)the start time for the project.
C)midnight on each work day.
D)days with not wasted effort.
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15
If we are employing Activity-On-Node AON)network design,the arcs in the network diagram represent

A)significance relationships.
B)precedence relationships.
C)tasks to complete.
D)task times.
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16
Which of the following correctly describes the focus of the Critical Path Method CPM)?

A)To order activities in a project in terms of their completion time to facilitate scheduling of the activities.
B)To determine when a project should be completed and to schedule when each activity in the project must begin in order to keep the project on schedule.
C)To estimate the probability of completing a project by a given deadline when the time required to perform the activity is essentially a random variable.
D)To structure the activities of a project in order to eliminate or reduce critical dependencies among the activities.
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17
Critical activities are distinguished by the presence of

A)slack.
B)idle resources.
C)wasted time.
D)zero slack.
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18
If we are employing Activity-On-Arc AOA)network design,the arcs in the network diagram represent

A)significance relationships.
B)precedence relationships.
C)tasks to complete.
D)task times.
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19
The longest path through a network is comprised of the activities.

A)longest
B)essential
C)mandatory
D)critical
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20
Which of the following definitions correctly defines the acronym,PERT?

A)Program Evaluation and Review Technique.
B)Process Evaluation and Review Technique.
C)Program Evaluation and Reduction Technique.
D)Program Explanation and Reduction Technique.
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21
What formula should go in cell I5 of the following spreadsheet to compute Actual Time Between Starts?
 <strong>What formula should go in cell I5 of the following spreadsheet to compute Actual Time Between Starts?   </strong> A) =\text { VLOOKUPH5,\$B } \$ 5 \text { \$D } \$ 11,3) \text {-VLOOKUPG5, } \$ \mathrm{~B} \$ 5: \$ \mathrm{D} \$ 11,3 ) B) =\text { VLOOKUPH5,\$B } \$ 5: \$ D \$ 11,2)-V L O O K U P G 5, \$ B \$ 5: \$ D \$ 11,2)  C) =\text { VLOOKUPG5,\$B } \$ 5: \$ D \$ 11,3)-V L O O K U P H 5, \$ B \$ 5: \$ D \$ 11,3)  D) =\text { VLOOKUPH5, } \$ \mathrm{~B} \$ 5: \$ \mathrm{D} \$ 11,3)-\mathrm{VLOOKUPG} 5, \$ \mathrm{~B} \$ 5: \$ \mathrm{D} \$ 11,3 )

A) = VLOOKUPH5,$B $5 $D $11,3)-VLOOKUPG5, $ B$5:$D$11,3=\text { VLOOKUPH5,\$B } \$ 5 \text { \$D } \$ 11,3) \text {-VLOOKUPG5, } \$ \mathrm{~B} \$ 5: \$ \mathrm{D} \$ 11,3 )
B) = VLOOKUPH5,$B $5:$D$11,2)VLOOKUPG5,$B$5:$D$11,2)=\text { VLOOKUPH5,\$B } \$ 5: \$ D \$ 11,2)-V L O O K U P G 5, \$ B \$ 5: \$ D \$ 11,2)
C) = VLOOKUPG5,$B $5:$D$11,3)VLOOKUPH5,$B$5:$D$11,3)=\text { VLOOKUPG5,\$B } \$ 5: \$ D \$ 11,3)-V L O O K U P H 5, \$ B \$ 5: \$ D \$ 11,3)
D) = VLOOKUPH5, $ B$5:$D$11,3)VLOOKUPG5,$ B$5:$D$11,3=\text { VLOOKUPH5, } \$ \mathrm{~B} \$ 5: \$ \mathrm{D} \$ 11,3)-\mathrm{VLOOKUPG} 5, \$ \mathrm{~B} \$ 5: \$ \mathrm{D} \$ 11,3 )
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22
Exhibit 15.2
The following questions employ the AON network and completed spreadsheet below.
 <strong>Exhibit 15.2 The following questions employ the AON network and completed spreadsheet below.    \begin{array}{|c|c|c|c|c|c|c|c|c|c|} \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\ \hline 1 & \text { Activity } & \text { Description } & \text { Predecessor } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\\hline 2 & \text { A } & \text { Activity A } & & 4 & 0 & 4 & 0 & 4 & 0 \\ \hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & 0 \\ \hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & 1 \\\hline 5 & \text { D } & \text { Activity D } & \text { B,C } & 7 & 7 & 14 & 7 & 14 & 0 \\ \hline 6 & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & 1 \\ \hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & 0 \\ \hline 8 & \text { G } & \text { Activity G } & \text { E,F } & 3 & 16 & 19 & 16 & 19 & 0 \\ \hline \end{array}   -Refer to Exhibit 15.2.What formula is placed in cell G5 to calculate the Latest Start Time?</strong> A)H5 ? G5 B)F5 ? G5 C)H5 ? D5 D)F5 ? D5   A  B  C  D  E  F  G  H  I 1 Activity  Description  Predecessor  Time  EST  EFT  LST  LFT  Slack 2 A  Activity A 4040403 B  Activity B  A 3474704 C  Activity C  A 2465715 D  Activity D  B,C 771471406 E  Activity E  D 11415151617 F  Activity F  D 21416141608 G  Activity G  E,F 3161916190\begin{array}{|c|c|c|c|c|c|c|c|c|c|}\hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\\hline 1 & \text { Activity } & \text { Description } & \text { Predecessor } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\\hline 2 & \text { A } & \text { Activity A } & & 4 & 0 & 4 & 0 & 4 & 0 \\\hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & 0 \\\hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & 1 \\\hline 5 & \text { D } & \text { Activity D } & \text { B,C } & 7 & 7 & 14 & 7 & 14 & 0 \\\hline 6 & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & 1 \\\hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & 0 \\\hline 8 & \text { G } & \text { Activity G } & \text { E,F } & 3 & 16 & 19 & 16 & 19 & 0 \\\hline\end{array}

-Refer to Exhibit 15.2.What formula is placed in cell G5 to calculate the Latest Start Time?

A)H5 ? G5
B)F5 ? G5
C)H5 ? D5
D)F5 ? D5
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23
The critical path in PERT analysis is the path with the

A)smallest variance.
B)longest expected completion time.
C)smallest number of tasks.
D)smallest variance and longest expected completion time.
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24
Slack represents the amount of time by which an activity can be delayed without delaying the entire project,assuming that

A)all successor activities start at their earliest start times.
B)all predecessor activities start at their earliest start times.
C)immediate predecessor activities start at their earliest start times.
D)all predecessor activities start at their latest start times.
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25
Which activities have slack in the following diagram? <strong>Which activities have slack in the following diagram?  </strong> A)A,C,D,F B)B,E C)A,C,D,E D)B,D,E

A)A,C,D,F
B)B,E
C)A,C,D,E
D)B,D,E
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26
One of PERT's bold assumptions is that

A)individual activity times are independent of each other.
B)individual activity times are dependent of each other.
C)individual activity times are constant.
D)individual activity times can be added together.
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27
In a PERT network the time required to complete a path is an)

A)constant
B)random variable
C)Poisson distributed variable
D)exponentially distributed variable
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28
Which activities are critical in the following diagram? <strong>Which activities are critical in the following diagram?  </strong> A)A,C,D,F B)B,D,E C)A,C,D,E D)A,B,D,E,F

A)A,C,D,F
B)B,D,E
C)A,C,D,E
D)A,B,D,E,F
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29
Shortening the activity completion time is called

A)expediting
B)speeding
C)accelerating
D)crashing
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30
The purpose of the forward pass in the Critical Path Method CPM)technique is to

A)review each of the precedence relationships in the activity network.
B)calculate the slack time within each node on the activity network.
C)determine the earliest time each activity can start and finish.
D)determine the latest time each activity can start and finish.
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31
Exhibit 15.1
The following questions employ the AON network and partial spreadsheet below.
 <strong>Exhibit 15.1 The following questions employ the AON network and partial spreadsheet below.    \begin{array} { | c | c | c | c | c | c | c | c | c | c | } \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\ \hline 1 & \text { Activity } & \text { Description } & \text { Predecessar } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\ \hline 2 & \text { A } & \text { Activity A } & & 4 & \text { I } & 4 & \text { I } & 4 & \\ \hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & \\ \hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & \\ \hline 5 & \text { D } & \text { Activity D } & ? & 7 & ? & ? & ? & ? & \\ \hline \text { 6 } & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & \\ \hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & \\ \hline8 & \text { G } & \text { Activity G } & \text { E ,F } & 3 & 16 & 19 & 16 & 19 & \\ \hline \end{array}   -Refer to Exhibit 15.1.What array formula is placed in cell E5 to calculate the Earliest Start Time?</strong> A)E2 + D2 B)MAXIFISERRFIND$A$5:$A$17,C5)),0,$F$5:$F$17)) C)H2 ? D2 D)MINIFISNUMBERFINDA5,$C$2:$C$8)),$G$2:$G$8))   A  B  C  D  E  F  G  H  I 1 Activity  Description  Predecessar  Time  EST  EFT  LST  LFT  Slack 2 A  Activity A 4 I 4 I 43 B  Activity B  A 347474 C  Activity C  A 246575 D  Activity D ?7???? 6  E  Activity E  D 1141515167 F  Activity F  D 2141614168 G  Activity G  E ,F 316191619\begin{array} { | c | c | c | c | c | c | c | c | c | c | } \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\\hline 1 & \text { Activity } & \text { Description } & \text { Predecessar } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\\hline 2 & \text { A } & \text { Activity A } & & 4 & \text { I } & 4 & \text { I } & 4 & \\\hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & \\\hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & \\\hline 5 & \text { D } & \text { Activity D } & ? & 7 & ? & ? & ? & ? & \\\hline \text { 6 } & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & \\\hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & \\\hline8 & \text { G } & \text { Activity G } & \text { E ,F } & 3 & 16 & 19 & 16 & 19 & \\\hline\end{array}

-Refer to Exhibit 15.1.What array formula is placed in cell E5 to calculate the Earliest Start Time?

A)E2 + D2
B)MAXIFISERRFIND$A$5:$A$17,C5)),0,$F$5:$F$17))
C)H2 ? D2
D)MINIFISNUMBERFINDA5,$C$2:$C$8)),$G$2:$G$8))
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32
A strength of Gantt charts is that they

A)clearly portray precedence relationships.
B)model uncertainty in activity duration times.
C)provide a timeline-based,graphical view of when activities can begin and end.
D)clearly identifies the critical path.
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33
The purpose of the backward pass in the Critical Path Method CPM)technique is to

A)review each of the precedence relationships in the activity network.
B)calculate the slack time within each node on the activity network.
C)determine the earliest time each activity can start and finish.
D)determine the latest time each activity can start and finish.
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34
A company wants to use PERT to manage a project.They have developed the following spreadsheet for the problem.If The Risk Solver Platform RSP)is used,what formula should go in cell F3 of the spreadsheet to compute the Activity Time when simulating a PERT analysis?
 A  B  C  D  E  F  G  H  I  J  K  L 1 Time  Random  Activity Estimates 2 Act amb Number  Time  EST  EFT  LST  LFT  SLACK 3 A 810140.7311.46011.4620.0011.460.004 B 2340.192.6211.46214.08112.9015.521.445 C 3450.564.0611.46215.52111.4615.520.006D58120.9410.7215.52126.2415.5226.240.007E1240.352.0326.2428.27228.0830.111.848 F3570.093.8726.2430.10926.2430.110.009G1230.592.0930.10932.20230.1132.200.00MODEL\begin{array}{|c|c|c|c|c|c|c|c|c|c|c|c|c|}\hline& \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } & \text { J } & \text { K } & \text { L } \\\hline 1 & \text { Time } & & & & \text { Random } & \text { Activity } & & & & & &\\&\text {Estimates }\\\hline 2 & \text { Act } & \mathrm{a} & \mathrm{m} & \mathrm{b} & \text { Number } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { SLACK } & \\\hline 3 & \text { A } & 8 & 10 & 14 & 0.73 & 11.46 & 0 & 11.462 & 0.00 & 11.46 & 0.00 & * * \\\hline 4 & \text { B } & 2 & 3 & 4 & 0.19 & 2.62 & 11.462 & 14.081 & 12.90 & 15.52 & 1.44 & \\\hline 5 & \text { C } & 3 & 4 & 5 & 0.56 & 4.06 & 11.462 & 15.521 & 11.46 & 15.52 & 0.00 & * * \\\hline 6 & \mathrm{D} & 5 & 8 & 12 & 0.94 & 10.72 & 15.521 & 26.24 & 15.52 & 26.24 & 0.00 & * * \\\hline 7 & \mathrm{E} & 1 & 2 & 4 & 0.35 & 2.03 & 26.24 & 28.272 & 28.08 & 30.11 & 1.84 & \\\hline 8 & \mathrm{~F} & 3 & 5 & 7 & 0.09 & 3.87 & 26.24 & 30.109 & 26.24 & 30.11 & 0.00 & * * \\\hline 9 & \mathrm{G} & 1 & 2 & 3 & 0.59 & 2.09 & 30.109 & 32.202 & 30.11 & 32.20 & 0.00 & * * \\\hline&&\mathrm{M} \\&&\mathrm{O} \\&&\mathrm{D} \\&&\mathrm{E} \\&&\mathrm{L}\\\hline\end{array}

A)=IFE3?C3-E3)/D3-B3),D3-SQRTD3-B3)*D3-C3)*1-E3)),B3+SQRTD3-E3)*C3-B3)*E3))
B)=IFE3?D3-B3)/C3-E3),B3+SQRTD3-E3)*C3-B3)*E3),D3-SQRTD3-B3)*D3-C3)*1-E3)))
C)=IFE3?C3-E3)/D3-B3),B3-SQRTD3-E3)*C3-B3)*E3),D3+SQRTD3-B3)*D3-C3)*1-E3)))
D)=PsiTriangularB3,C3,D3)
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35
If the following project must be completed by day 18 at minimum cost how do we change the LP model?
<strong>If the following project must be completed by day 18 at minimum cost how do we change the LP model?  </strong> A)Enter 18 in cell E14. B)Add a constraint that E14 ≤ 18. C)Make cell E14 the target cell. D)Add a constraint that E14 = 18.

A)Enter 18 in cell E14.
B)Add a constraint that E14 ≤ 18.
C)Make cell E14 the target cell.
D)Add a constraint that E14 = 18.
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36
Exhibit 15.2
The following questions employ the AON network and completed spreadsheet below.
 <strong>Exhibit 15.2 The following questions employ the AON network and completed spreadsheet below.    \begin{array}{|c|c|c|c|c|c|c|c|c|c|} \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\ \hline 1 & \text { Activity } & \text { Description } & \text { Predecessor } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\\hline 2 & \text { A } & \text { Activity A } & & 4 & 0 & 4 & 0 & 4 & 0 \\ \hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & 0 \\ \hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & 1 \\\hline 5 & \text { D } & \text { Activity D } & \text { B,C } & 7 & 7 & 14 & 7 & 14 & 0 \\ \hline 6 & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & 1 \\ \hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & 0 \\ \hline 8 & \text { G } & \text { Activity G } & \text { E,F } & 3 & 16 & 19 & 16 & 19 & 0 \\ \hline \end{array}   -Refer to Exhibit 15.2.Which of the following activities is not on the critical path for the network?</strong> A)Activity A B)Activity C C)Activity D D)Activity G   A  B  C  D  E  F  G  H  I 1 Activity  Description  Predecessor  Time  EST  EFT  LST  LFT  Slack 2 A  Activity A 4040403 B  Activity B  A 3474704 C  Activity C  A 2465715 D  Activity D  B,C 771471406 E  Activity E  D 11415151617 F  Activity F  D 21416141608 G  Activity G  E,F 3161916190\begin{array}{|c|c|c|c|c|c|c|c|c|c|}\hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\\hline 1 & \text { Activity } & \text { Description } & \text { Predecessor } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\\hline 2 & \text { A } & \text { Activity A } & & 4 & 0 & 4 & 0 & 4 & 0 \\\hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & 0 \\\hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & 1 \\\hline 5 & \text { D } & \text { Activity D } & \text { B,C } & 7 & 7 & 14 & 7 & 14 & 0 \\\hline 6 & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & 1 \\\hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & 0 \\\hline 8 & \text { G } & \text { Activity G } & \text { E,F } & 3 & 16 & 19 & 16 & 19 & 0 \\\hline\end{array}

-Refer to Exhibit 15.2.Which of the following activities is not on the critical path for the network?

A)Activity A
B)Activity C
C)Activity D
D)Activity G
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37
Exhibit 15.1
The following questions employ the AON network and partial spreadsheet below.
 <strong>Exhibit 15.1 The following questions employ the AON network and partial spreadsheet below.    \begin{array} { | c | c | c | c | c | c | c | c | c | c | } \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\ \hline 1 & \text { Activity } & \text { Description } & \text { Predecessar } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\ \hline 2 & \text { A } & \text { Activity A } & & 4 & \text { I } & 4 & \text { I } & 4 & \\ \hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & \\ \hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & \\ \hline 5 & \text { D } & \text { Activity D } & ? & 7 & ? & ? & ? & ? & \\ \hline \text { 6 } & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & \\ \hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & \\ \hline8 & \text { G } & \text { Activity G } & \text { E ,F } & 3 & 16 & 19 & 16 & 19 & \\ \hline \end{array}   -Refer to Exhibit 15.1.What values are placed in cell C5 of the spreadsheet?</strong> A)E,F B)B C)C D)B,C   A  B  C  D  E  F  G  H  I 1 Activity  Description  Predecessar  Time  EST  EFT  LST  LFT  Slack 2 A  Activity A 4 I 4 I 43 B  Activity B  A 347474 C  Activity C  A 246575 D  Activity D ?7???? 6  E  Activity E  D 1141515167 F  Activity F  D 2141614168 G  Activity G  E ,F 316191619\begin{array} { | c | c | c | c | c | c | c | c | c | c | } \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\\hline 1 & \text { Activity } & \text { Description } & \text { Predecessar } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\\hline 2 & \text { A } & \text { Activity A } & & 4 & \text { I } & 4 & \text { I } & 4 & \\\hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & \\\hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & \\\hline 5 & \text { D } & \text { Activity D } & ? & 7 & ? & ? & ? & ? & \\\hline \text { 6 } & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & \\\hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & \\\hline8 & \text { G } & \text { Activity G } & \text { E ,F } & 3 & 16 & 19 & 16 & 19 & \\\hline\end{array}

-Refer to Exhibit 15.1.What values are placed in cell C5 of the spreadsheet?

A)E,F
B)B
C)C
D)B,C
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38
A weakness of Gantt charts is that they do not explicitly

A)indicate activity times.
B)show precedence relationships.
C)show activity start times.
D)show activity finish times.
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39
Exhibit 15.1
The following questions employ the AON network and partial spreadsheet below.
 <strong>Exhibit 15.1 The following questions employ the AON network and partial spreadsheet below.    \begin{array} { | c | c | c | c | c | c | c | c | c | c | } \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\ \hline 1 & \text { Activity } & \text { Description } & \text { Predecessar } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\ \hline 2 & \text { A } & \text { Activity A } & & 4 & \text { I } & 4 & \text { I } & 4 & \\ \hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & \\ \hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & \\ \hline 5 & \text { D } & \text { Activity D } & ? & 7 & ? & ? & ? & ? & \\ \hline \text { 6 } & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & \\ \hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & \\ \hline8 & \text { G } & \text { Activity G } & \text { E ,F } & 3 & 16 & 19 & 16 & 19 & \\ \hline \end{array}   -Refer to Exhibit 15.1.What array formula is placed in cell H5 to calculate the Latest Finish Time?</strong> A)E2 + D2 B)MAXIFISNUMBERFIND$A$2:$A$8,C5)),$F$2:$F$8)) C)H2 ? D2 D)MINIFISERRFINDA5,$C$5:$C$17)),MAX$F$5:$F$17),$G$5:$G$17))   A  B  C  D  E  F  G  H  I 1 Activity  Description  Predecessar  Time  EST  EFT  LST  LFT  Slack 2 A  Activity A 4 I 4 I 43 B  Activity B  A 347474 C  Activity C  A 246575 D  Activity D ?7???? 6  E  Activity E  D 1141515167 F  Activity F  D 2141614168 G  Activity G  E ,F 316191619\begin{array} { | c | c | c | c | c | c | c | c | c | c | } \hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } & \text { G } & \text { H } & \text { I } \\\hline 1 & \text { Activity } & \text { Description } & \text { Predecessar } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\\hline 2 & \text { A } & \text { Activity A } & & 4 & \text { I } & 4 & \text { I } & 4 & \\\hline 3 & \text { B } & \text { Activity B } & \text { A } & 3 & 4 & 7 & 4 & 7 & \\\hline 4 & \text { C } & \text { Activity C } & \text { A } & 2 & 4 & 6 & 5 & 7 & \\\hline 5 & \text { D } & \text { Activity D } & ? & 7 & ? & ? & ? & ? & \\\hline \text { 6 } & \text { E } & \text { Activity E } & \text { D } & 1 & 14 & 15 & 15 & 16 & \\\hline 7 & \text { F } & \text { Activity F } & \text { D } & 2 & 14 & 16 & 14 & 16 & \\\hline8 & \text { G } & \text { Activity G } & \text { E ,F } & 3 & 16 & 19 & 16 & 19 & \\\hline\end{array}

-Refer to Exhibit 15.1.What array formula is placed in cell H5 to calculate the Latest Finish Time?

A)E2 + D2
B)MAXIFISNUMBERFIND$A$2:$A$8,C5)),$F$2:$F$8))
C)H2 ? D2
D)MINIFISERRFINDA5,$C$5:$C$17)),MAX$F$5:$F$17),$G$5:$G$17))
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40
What formula should go in cell H3 of the following spreadsheet to compute Crash Cost Per Day?
A B C D EFGH1 Normal  Crash  Allowable  Crash  Cost 2 Activity  Description  Time  Cost  Time  Cost  Crash Days  Per  Day 3 A412000214000210004 B  - 360002650015005 C  - 218000119000110006 D  - 714000420000320007E235001400015008F2600017500115009 G 3900011200021500 COSTS \begin{array}{|c|c|c|c|c|c|c|c|c|}\hline & \mathrm{A} & \text { B } & \mathrm{C} & \text { D } & E & F & \mathrm{G} & \mathrm{H} \\\hline 1 & & & \text { Normal } & & \text { Crash } & & \text { Allowable } & \begin{array}{c}\text { Crash } \\\text { Cost } \\\end{array} \\\hline 2 & \text { Activity } & \text { Description } & \text { Time } & \text { Cost } & \text { Time } & \text { Cost } & \text { Crash Days } & \begin{array}{l}\text { Per } \\\text { Day }\end{array} \\\hline 3 & \mathrm{~A} & - & 4 & 12000 & 2 & 14000 & 2 & 1000 \\\hline 4 & \text { B } & \text { - } & 3 & 6000 & 2 & 6500 & 1 & 500 \\\hline 5 & \text { C } & \text { - } & 2 & 18000 & 1 & 19000 & 1 & 1000 \\\hline 6 & \text { D } & \text { - } & 7 & 14000 & 4 & 20000 & 3 & 2000 \\\hline 7 & E & - & 2 & 3500 & 1 & 4000 & 1 & 500 \\\hline 8 & F & - & 2 & 6000 & 1 & 7500 & 1 & 1500 \\\hline 9 & \text { G } & - & 3 & 9000 & 1 & 12000 & 2 & 1500 \\\hline & \text { COSTS } & & & & & & & \\\hline\end{array}

A)=C3-E3)/F3-D3)
B)=F3-D3)/C3-E3)
C)=F3)/C3-E3)
D)=F3-D3)/E3)
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41
A company wants to use PERT to manage a project.They have developed the following spreadsheet for the problem.What formula should go in cell F3 of the spreadsheet to compute the Activity Time when simulating a PERT analysis?
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42
Activities with zero slack

A)are dummy activities
B)lie on the critical path
C)must be completed first
D)must be delayed
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43
Exhibit 15.4
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Activity
Days Required
Predecessor Activities
A 1 −
B 4 A
C 3 B
D 3 C
E 2 B
F 4 E
G 2 D,F
Refer to Exhibit 15.4.Manually determine the earliest and latest start and finish times for each activity and the amount of slack for each activity.What is the critical path for the project and how long should it take to complete it?
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44
Exhibit 15.3
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Exhibit 15.3 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities:   Refer to Exhibit 15.3.The following spreadsheet was developed to determine the earliest start times and latest start times for the project.Based on the data in the spreadsheet,which activities are on the critical path?
Refer to Exhibit 15.3.The following spreadsheet was developed to determine the earliest start times and latest start times for the project.Based on the data in the spreadsheet,which activities are on the critical path?
Exhibit 15.3 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities:   Refer to Exhibit 15.3.The following spreadsheet was developed to determine the earliest start times and latest start times for the project.Based on the data in the spreadsheet,which activities are on the critical path?
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45
Exhibit 15.6
The following questions use the information below.
Consider the CPM network for the following set off activities: Activity Predecessor Activities
Exhibit 15.6 The following questions use the information below. Consider the CPM network for the following set off activities: Activity Predecessor Activities   A --- B A C A,B D A,B E A,B,C F A,B,C G A,B,C,D H A,B,D I A,B,C,D,F,G Refer to Exhibit 15.6.Is it necessary to draw an arc from the node for activity F to the node for activity I? A ---
B A
C A,B
D A,B
E A,B,C
F A,B,C
G A,B,C,D
H A,B,D
I A,B,C,D,F,G
Refer to Exhibit 15.6.Is it necessary to draw an arc from the node for activity F to the node for activity I?
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46
For an activity with duration t,slack can be calculated as

A)LS-ES
B)LF-t
C)LS+t
D)LS+ES
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47
Exhibit 15.3
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Exhibit 15.3 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities:   Refer to Exhibit 15.3.Identify each path through the network and its expected length.
Refer to Exhibit 15.3.Identify each path through the network and its expected length.
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48
Exhibit 15.4
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Activity
Days Required
Predecessor Activities
A 1 −
B 4 A
C 3 B
D 3 C
E 2 B
F 4 E
G 2 D,F
Refer to Exhibit 15.4.Identify each path through the network and its expected length.
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49
Exhibit 15.5
The following questions use the information below.
A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.
Exhibit 15.5 The following questions use the information below. A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.     Refer to Exhibit 15.5.What formula should go in cell H3 of the Costs spreadsheet to compute Crash Cost Per Day? Exhibit 15.5 The following questions use the information below. A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.     Refer to Exhibit 15.5.What formula should go in cell H3 of the Costs spreadsheet to compute Crash Cost Per Day?
Refer to Exhibit 15.5.What formula should go in cell H3 of the Costs spreadsheet to compute Crash Cost Per Day?
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50
Exhibit 15.4
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Activity
Days Required
Predecessor Activities
A 1 −
B 4 A
C 3 B
D 3 C
E 2 B
F 4 E
G 2 D,F
Refer to Exhibit 15.4.Draw the CPM network for this problem.Use AON notation.
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51
Exhibit 15.5
The following questions use the information below.
A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.
Exhibit 15.5 The following questions use the information below. A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.     Refer to Exhibit 15.5.What formula should go in cell I5 of the Model spreadsheet to compute Actual Time Between Starts? Exhibit 15.5 The following questions use the information below. A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.     Refer to Exhibit 15.5.What formula should go in cell I5 of the Model spreadsheet to compute Actual Time Between Starts?
Refer to Exhibit 15.5.What formula should go in cell I5 of the Model spreadsheet to compute Actual Time Between Starts?
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52
Exhibit 15.3
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Exhibit 15.3 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities:   Refer to Exhibit 15.3.Draw the CPM network for this problem.Use AON notation.
Refer to Exhibit 15.3.Draw the CPM network for this problem.Use AON notation.
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53
In project control charts,the horizontal bars are shaded to indicate

A)work completed
B)work to be completed
C)overcapacity
D)undercapacity
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54
Exhibit 15.6
The following questions use the information below.
Consider the CPM network for the following set off activities: Activity Predecessor Activities
Exhibit 15.6 The following questions use the information below. Consider the CPM network for the following set off activities: Activity Predecessor Activities   A --- B A C A,B D A,B E A,B,C F A,B,C G A,B,C,D H A,B,D I A,B,C,D,F,G Refer to Exhibit 15.6.Is it necessary to draw an arc from the node for activity A to the node for activity C? A ---
B A
C A,B
D A,B
E A,B,C
F A,B,C
G A,B,C,D
H A,B,D
I A,B,C,D,F,G
Refer to Exhibit 15.6.Is it necessary to draw an arc from the node for activity A to the node for activity C?
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55
Exhibit 15.3
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Exhibit 15.3 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities:   Refer to Exhibit 15.3.Manually determine the earliest and latest start and finish times for each activity and the amount of slack for each activity.What is the critical path for the project and how long should it take to complete it?
Refer to Exhibit 15.3.Manually determine the earliest and latest start and finish times for each activity and the amount of slack for each activity.What is the critical path for the project and how long should it take to complete it?
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56
Exhibit 15.5
The following questions use the information below.
A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.
Exhibit 15.5 The following questions use the information below. A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.     Refer to Exhibit 15.5.If the following project must be completed by day 18 at minimum cost how do we change the LP model? Exhibit 15.5 The following questions use the information below. A company wants to crash a project and reduce the time required to complete it.They have developed the following table of activity costs and times and a spreadsheet to compute starting time for each activity.     Refer to Exhibit 15.5.If the following project must be completed by day 18 at minimum cost how do we change the LP model?
Refer to Exhibit 15.5.If the following project must be completed by day 18 at minimum cost how do we change the LP model?
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57
A project plan is established

A)before project activities begin and is modified as time goes on and conditions change
B)before project activities begin
C)before project organization
D)dynamically,as conditions change
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58
For an activity with duration t,slack can be calculated as

A)LF-EF
B)LF-t
C)LS+t
D)LS+ES
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59
An activity

A)is an effort required to complete part of the project
B)is a milestone
C)consumes no resources
D)describes precedence relationship
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60
Exhibit 15.4
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
Activity
Days Required
Predecessor Activities
A 1 −
B 4 A
C 3 B
D 3 C
E 2 B
F 4 E
G 2 D,F
Refer to Exhibit 15.4.The following spreadsheet was developed to determine the earliest start times and latest start times for the project.Based on the data in the spreadsheet,which activities are on the critical path?
Exhibit 15.4 The following questions are based on the information below. A company needs to manage a project which consists of the following set of activities: Activity Days Required Predecessor Activities A 1 − B 4 A C 3 B D 3 C E 2 B F 4 E G 2 D,F Refer to Exhibit 15.4.The following spreadsheet was developed to determine the earliest start times and latest start times for the project.Based on the data in the spreadsheet,which activities are on the critical path?
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61
In CPM,the duration of the project

A)is equal to the duration of the critical path
B)is determined by managers
C)is determined by investors
D)is determined by a supervising government agency
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62
The main difference between CPM and PERT is that

A)PERT is probabilistic
B)PERT is deterministic
C)CPM is best for longer projects
D)CPM requires 3 duration estimates for each activity
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63
A way to crash an activity is to

A)spend extra money
B)subcontract
C)use overtime
D)all of the above
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64
In deciding which activities to crash,select

A)activities on the critical paths)
B)all activities with positive slack time
C)longest activities
D)lowest cost activities
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65
CPM and PERT differ because of

A)activity time estimates
B)cost calculations
C)precedence relationship
D)network diagram
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