Deck 8: Project Management

Question 1

The activity on node (AON)approach to designing a network diagram illustrates activities by the use of an arrow.

Answer 1

False

Question 2

Projects generally have a specific beginning and ending time.

Answer 2

True

Question 3

Three major project constraints are time,scope,and cost.

Answer 3

True

Question 4

Because projects are limited in time,budgeting,and resources,they generally have very little risk involved.

Question 5

The project plan reports estimated costs and cash flow requirements at different project stages.

Question 6

Time,scope,and cost are positively correlated in project management.

Question 7

In an AON network diagram,arrows can point to any direction from a node.

Question 8

Slack time can only be calculated by finding the difference in the late start and early start.

Question 9

Since the introduction of computer software,Gantt charts are obsolete in project management.

Question 10

Industry uses both AON and AOA for designing network diagrams.

Question 11

The binding constraint path dictates the project's duration.

Question 12

Visual techniques,such as precedence diagrams and Gantt charts,add little value to project management.

Question 13

The project execution phase of project management involves the actual completion of all activities that are part of the project.

Question 14

A project is normally limited in time,budget,and resources.

Question 15

It is normally sufficient for a Project manager to have expertise in human resources and leave other areas to subordinates.

Question 16

In project management,"critical activities" are activities that quality managers must be involved with.

Question 17

The difference in the early start and the early finish is the slack time.

Question 18

Using CPM,any activity with no predecessors can start as soon as the project is initiated.

Question 19

The path in a network diagram with the most activities is the critical path.

Question 20

A precedence relationship analysis identifies the sequence of activities defined by a work breakdown structure.

Question 21

Any activity that has not been completed is a candidate for a cost and time trade-off analysis.

Question 22

Projects generally have all the following characteristics except

A)A well-defined goal
B)A specified beginning
C)A specified ending time
D)A specified budget
E)A repeated process

Question 23

Which of the following is not a project management tool?

A)Work breakdown structure (WBS)
B)Precedence analysis
C)Gantt chart
D)Activity ordering analysis (AOA)
E)Network diagram

Question 24

Additional resources can rarely be used to speed up a project once it is behind schedule.

Question 25

Which of the following statements accurately describes the following Gantt chart?

A)Activity I cannot begin until Activities C and E are complete
B)Activity E cannot begin until Activities B and D are complete
C)The longest task will take 5 weeks
D)The project can be done in less than 10 weeks
E)Activity E is not needed in the Gantt chart

Question 26

A contingency plan should be developed for potential problems.

Question 27

In a PERT analysis,the "most likely time" is the minimum possible time required to complete an activity.

Question 28

Which is true about the critical path?

A)It is the longest network path
B)It has the most activities
C)It has the most risk
D)It has the highest quality implications
E)It can be crashed the most

Question 29

Which of the following is not true about network diagrams?

A)Activities can be shown on the arrow
B)Activities can be shown on the nodes
C)An activity can have more than one predecessors
D)Movement from one activity to another can go forward or backward
E)Starting activities have no predecessors

Question 30

A project risk assessment plan involves developing a comprehensive list of all potential problems that might hinder project completion.

Question 31

Clear and measurable goals help projects to succeed.

Question 32

The only significant risk involved in project management is financial risk.

Question 33

Being an expert in information integration,project scope,time management,quality management,human resources,communications,risk,and procurement are beneficial skills for what member of a project management team?

A)Project planner
B)Project sponsor
C)Project manager
D)Project accountant
E)Project auditor

Question 34

Activities with zero slack are critical activities.

Question 35

Managers can do very little to prevent a project from failing.

Question 36

The goal of crashing a project is to reduce the time at the least expensive rate.

Question 37

Which of the following terms does not describe a project management technique?

A)CPM
B)Uncertainty analysis
C)Cost and time trade-off analysis
D)Resource allocation techniques
E)Process selection team

Question 38

A network diagram is used to show what?

A)Crashing costs
B)Precedence relationships
C)Human resource assignments
D)Equipment allocation
E)All of these options

Question 39

Which of the following relationships between cost,time,and scope is not realistic?

A)Increased scope,decreased cost,and decreased time
B)Increased scope,increased cost,and increased time
C)Decreased time,increased cost,and decreased scope
D)Decreased cost,decreased time,and decreased scope
E)All of these options are realistic

Question 40

Which of the following examples is not considered a project?

A)Building the great wall of China
B)Building the Panama Canal
C)Managing the 2008 Olympics
D)Producing 2009 Dodge Rams
E)Filming a made-for-TV movie

Question 41

The percentage of the project's scope that will be affected by a problem defines which project risk classification?

A)Severity
B)Probability
C)Timing
D)Dynamic risk
E)Personnel

Question 42

For an activity,the ES is 0,the EF is 2,the LS is 3,and the LF is 5.What is the slack?

A)0
B)2
C)3
D)5
E)8

Question 43

Which of the following is not a reason projects succeed?

A)Strong project leadership
B)Clear,measurable goals
C)Declining material prices
D)Well-defined implementation plan
E)A sense of urgency

Question 44

List and briefly describe three of the six project planning documents described in the text.

Question 45

Describe the time,cost,and scope constraints related to project management and discuss how they are related.

Question 46

Which project management tool introduces uncertainty into the project planning process?

A)CPM
B)Work breakdown structure
C)Precedence relationships
D)Network diagram
E)PERT

Question 47

Which is not a general risk category for project management?

A)Financial resource risk
B)Supply risk
C)Human resources risk
D)Quality risk
E)Management risk

Question 48

An approach to reduce the amount of fluctuations in day-to-day resource requirements within an organization is

A)Contingency planning
B)Project risk management
C)Resource management
D)Resource breakdown structure
E)Resource leveling

Question 49

When computing the expected time for a project,which time estimate is weighted the most?

A)Critical time
B)Optimistic time
C)Pessimistic time
D)Most likely time
E)Expected time

Question 50

Which is not true about an activity in a network diagram?

A)Each activity has four parameters
B)Every activity has slack
C)Activity duration times are assumed to be know exactly
D)Delaying activities on the critical path delay the project
E)Noncritical activities have slack

Question 51

List five PRIMARY characteristics of a project.

Question 52

The amount of leeway each activity has in its starting time and duration without delaying the project.

A)Standard time
B)Normal time
C)Crash time
D)Slack time
E)Critical time

Question 53

Project risk can be grouped into four categories.Which of the following is not one of the categories?

A)Severity
B)Probability
C)Timing
D)Dynamic risk
E)Personnel

Question 54

Activity 7 is directly preceded by two activities,activity 5 and activity 6.Activity 5 has an expected time of 5 and ES time of 6.Activity 6 has an expected time of 7 and an ES time of 7.Activity 7 has an expected time of 10.The ES for activity 7 is

A)10
B)11
C)14
D)21
E)24

Question 55

Which of the following is not a time estimate used in PERT?

A)Critical time
B)Optimistic time
C)Pessimistic time
D)Most likely time
E)Expected time

Question 56

The critical factors in project failure include all of the following except

A)Change in initial project expectations
B)Change in complexity
C)Change in technical difficulties
D)Change in regulatory problems
E)Change in personnel

Question 57

Using PERT,the project completion time closely resembles what distribution?

A)Uniform distribution
B)Poisson distribution
C)Normal distribution
D)Negative binomial distribution
E)Variance distribution

Question 58

Describe CPM and the critical path.

Question 59

This is zero for all of the first activities on a CPM network diagram.

A)Slack
B)Late start
C)Late finish
D)Early start
E)Early finish

Question 60

List three project management techniques used by corporations or government.

Question 61

If a project has an expected completion time of 40 days,with a standard deviation of 2 days,what is the amount of time this project will be completed in,95% of the time?

Question 62

Identify and describe the three different estimates for activity times in the PERT method.

Question 63

Identify five of the critical factors in project failure.

Question 64

If an activity has an optimistic time of 5 days,a pessimistic time of 10 days,and a most likely time of 8 days,what is the expected time for the activity?

Question 65

List the paths for the following network diagram and determine the duration of the project.

Question 66

Determine the amount of slack in each activity.

Question 67

Identify and describe the four parameters used to calculate the critical path for CPM.

Question 68

All the following activities are on the critical path.If the project needs to be reduced by 3 days,and no other paths become shorter than the current critical path,which activities should be crashed and in what order? What is the total cost of crashing?

Question 69

Activity C is directly preceded by two activities,activity A and activity B.Activity A has an expected time of five and early start time of six.Activity B has an expected time of seven and an early start time of seven.Activity C has an expected time of ten.What is the early start for activity C?
Activity A,early finish is 6 + 5 = 11.
Activity B,early finish is 7 + 7 = 14.
The early start for Activity 7 is the larger of the two early finish times; so the time is 14.

Question 70

Compute the slack for the following project.
Activity A has a duration of 4 days and no predecessor.
Activity B has a duration of 2 days and has A as a predecessor.
Activity C has a duration of 2 days and has A as a predecessor.
Activity D has a duration of 3 days and has B as a predecessor.
Activity E has a duration of 4 days and has C as a predecessor.
Activity F has a duration of 1 day and has D and E as predecessors.

Question 71

If an activity has an optimistic time of 5 days,a pessimistic time of 10 days,and a most likely time of 8 days,what is the variance for the activity?

Question 72

Identify and describe how leadership can impact project success.

Question 73

Identify four broad categories of risk associated with projects.

Question 74

Draw a network diagram using the AON convention for the following project.
Activity A has a duration of 4 days and no predecessor.
Activity B has a duration of 2 days and has A as a predecessor.
Activity C has a duration of 2 days and has A as a predecessor.
Activity D has a duration of 3 days and has B as a predecessor.
Activity E has a duration of 4 days and has C as a predecessor.
Activity F has a duration of 1 day and has D and E as predecessors.

Question 75

An activity with a duration of 8 days has an early start time of 25.Another activity has a duration of 5 days and an early start time of 25 days.Both activities precede activity M.Activity M has a duration of 4 days.What is the early start time for activity M?