Question 1

Project management involves managing all of the following except
A) project risks
B) stakeholder quality
C) project changes
D) scenario planning

Accepted Answer

Project management involves managing project risks, project changes, and scenario planning among other aspects. However, stakeholder quality is not a commonly managed aspect in project management. Instead, stakeholder management focuses on identifying, analyzing, and managing stakeholders' expectations, communication, and involvement in the project.

Question 2

Project performance can be assessed by measuring all of the following dimensions except
A) quality
B) cost
C) time
D) scope

Accepted Answer

The answer of Project performance can be assessed by measuring...

Question 3

Which of the following is not a phase of a project?
A) scoping
B) implementation
C) closure
D) planning

Accepted Answer

Scoping is not typically classified as a distinct phase of a project within the traditional project management phases. The recognized phases usually include initiation, planning, execution (or implementation), monitoring and controlling, and closure. Scoping is generally considered a part of the planning process, where the project's goals, deliverables, tasks, costs, and deadlines are defined.

Question 4

An organizational structure where team members are assigned to a project and report directly to the project manager is called
A) a hierarchical structure
B) a matrix structure
C) a mixed project structure
D) a departmental structure

Accepted Answer

A matrix structure is characterized by team members reporting directly to a project manager while also maintaining their functional departmental roles. This structure is best suited for projects that require a multi-disciplinary approach and can benefit from input from several departments. In a matrix structure, the project manager has greater control and authority over the project while being able to draw on the expertise of multiple departments.

Question 5

The "dual-boss" problem occurs in a
A) matrix organizational structure
B) pure project type structure
C) functional organizational structure
D) multilayered organizational structure

Accepted Answer

The answer of The "dual-boss" problem occurs in a
A) matrix...

Question 6

Short- to medium-term project selection with predictable cash flows can be done by which of the following methods?
A) simple payback period
B) net present value
C) internal rate of return
D) all of the above

Accepted Answer

All of the methods listed (simple payback period, net present value, and internal rate of return) are commonly used for evaluating the financial viability of short- to medium-term projects with predictable cash flows. Each offers a different perspective on the project's potential profitability or payback period.

Question 7

If we cannot estimate probabilities because the project cash flows are uncertain, then we can use all of the following methods except
A) minimax regret
B) maximin
C) maximax
D) EMV

Accepted Answer

EMV (Expected Monetary Value) is a method that can be used to estimate probabilities by assigning probabilities to uncertain events and calculating the expected value of a project based on those probabilities. Therefore, it is not necessary to use EMV if we cannot estimate probabilities. On the other hand, the other options (minimax regret, maximin, maximax) do not rely on probabilities and can be used in situations where probabilities are uncertain.

Question 8

Which of the following is not a method used to evaluate projects with unpredictable cash flows where probabilities cannot be estimated?
A) maximin
B) maximax
C) minimax
D) minimax regret

Accepted Answer

Minimax is not typically used for evaluating projects with unpredictable cash flows; it is more associated with decision-making under uncertainty in game theory.

Question 9

Popular techniques to plan for and monitor a project include
A) WBS, Pareto chart, PERT/CPM
B) WBS, Gantt chart, and PERT/CPM
C) LFT, EFT, and EST
D) LFT, EST, and LST

Accepted Answer

WBS (Work Breakdown Structure) helps to break down a project into manageable components, Gantt chart visually represents project activities and their duration, and PERT/CPM (Program Evaluation and Review Technique/Critical Path Method) helps to identify the critical path and estimate project time. These techniques are widely used in project planning and monitoring. Option A is incorrect because Pareto chart is not commonly used in project management. Option C and D refers to different types of scheduling techniques which are not as commonly used as the ones mentioned in option B.

Question 10

Activity times for a project can be estimated by all but which of the following methods?
A) standard normal distribution curve models to improve replications
B) statistical methods based on actual past experiences
C) subcontractors with extensive experience in our project area
D) previous managerial experiences

Accepted Answer

Standard normal distribution curve models are not an appropriate method for estimating activity times for a project. While statistical methods based on actual past experiences, subcontractors with extensive experience in our project area, and previous managerial experiences can all be useful in estimating activity times, standard normal distribution curve models are not typically used for this purpose.

Question 11

Which one of the following statements best describes the critical path of a project network?
A) It is the sequence of activities between a project's start and finish that has the maximum amount of slack.
B) It is the sequence of activities that has the smallest normal activity cost.
C) It is the set of activities that has the smallest total number of predecessors.
D) It is the sequence of activities between a project's start and finish that takes the longest time to complete.

Accepted Answer

The critical path of a project network is the longest sequence of dependent activities between the project's start and finish that takes the longest time to complete. It is important to identify the critical path as it determines the duration of the entire project and any delays or changes along the critical path will impact the completion date of the project.

Question 12

A project has three possible paths from start to finish. Path A-B-C is 15 hours; path A-C-D is 10 hours, and path A-C-E is 20 hours. Which one of the following statements is true?
A) The expected duration of this project is 10 hours.
B) The expected duration of this project is 15 + 10 + 20 = 45 hours.
C) Path A-C-E is the critical path.
D) Path A-B-C has the most slack.

Accepted Answer

The critical path is the longest path, which is A-C-E with a duration of 20 hours. Therefore, option C is the correct answer. Option A and B are incorrect because the expected duration is not necessarily equal to the sum of the durations of all paths or the duration of the shortest path. Option D is incorrect because slack refers to the amount of time a non-critical activity can be delayed without delaying the project, and it is not relevant to identifying the critical path.

Question 13

Given that activity B has the following times, which of the following statements is true about activity B?
Earliest start time = 9 days; latest start time = 17 days; earliest finish time = 15 days; latest finish time = 23 days
A) Activity B has a slack time of 8 days.
B) Activity B is a critical activity.
C) Activity B takes 6 days to complete.
D) Activity B takes 23 days to complete.

Accepted Answer

The slack time is calculated as the difference between the latest start time and the earliest start time (or latest finish time and earliest finish time), which is 17 - 9 = 8 days.

Question 14

Which of the following is the critical path for the project network shown in the following diagram? 
A) ACEF
B) ACDF
C) ABDF
D) ABCDEF

Accepted Answer

The answer of Which of the following is the critical...

Question 15

What is the project duration for the project network shown in the following diagram? 
A) 20
B) 13
C) 15
D) 14

Accepted Answer

The answer of What is the project duration for the...

Question 16

Using the information shown in the following table, what is the slack time for activity E? $$\begin{array} { | c | c | c | c | c | c | c | } 
\hline \text { Activity } & \begin{array} { c } 
\text { Duration } \
\text { (weeks) }
\end{array} & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { SLACK } \
\hline \text { A } & 2 & 0 & & 0 & 2 & 0 \
\hline \text { B } & 1 & 2 & 3 & 3 & 4 & 1 \
\hline \text { C } & 3 & 2 & 5 & 2 & 5 & 0 \
\hline \text { D } & & 3 & 10 & 4 & 11 & 1 \
\hline \text { E } & 3 & 5 & 8 & & 11 & \
\hline \text { F } & 6 & 5 & & 5 & 11 & 0 \
\hline \text { G } & 4 & 11 & 15 & 11 & 15 & 0 \
\hline
\end{array}$$
A) 1
B) 7
C) 6
D) 3

Accepted Answer

The answer of Using the information shown in the following...

Question 17

Using the information shown in the previous table, what is the earliest finish time for activity F?
A) 6
B) 0
C) 4
D) 11

Accepted Answer

The earliest finish time for an activity in project management is determined by adding its earliest start time to its duration. Without seeing the specific table, we can't calculate exact values, but typically, the earliest finish time for an activity like F would depend on the completion of its predecessors and its own duration. Since option D is the highest value, it suggests that it accounts for the longest path leading to F, making it the most likely correct answer based on typical project scheduling principles.

Question 18

Using the information shown in the previous table, what is the duration time for activity D?
A) 3
B) 4
C) 7
D) 1

Accepted Answer

Without access to the specific table mentioned, it's not possible to provide an accurate explanation. However, in project management, the duration of an activity like "D" is typically determined by analyzing the start and end times or the work required for that activity. The correct answer would depend on the specific details provided in the table.

Question 19

Using the first diagram above, which one of the following paths is the critical path?
A) ACEG
B) ACFG
C) ABEG
D) ABDG

Accepted Answer

The critical path is the longest path which goes through all the critical activities (or activities with zero float). In this case, activities A, C, F, and G have zero floats. Option B (ACFG) is the only path that goes through all 4 critical activities and is thus the critical path.

Question 20

Using the second diagram above or using the information shown in the previous table, what is the project duration?
A) 15
B) 12
C) 14
D) 10

Accepted Answer

The project duration is 15 weeks, as indicated by the last activity on the second diagram.

Quiz 13: Working With Projects

Project management involves managing all of the following except

Project performance can be assessed by measuring all of the following dimensions except

Which of the following is not a phase of a project?

An organizational structure where team members are assigned to a project and report directly to the project manager is called

The "dual-boss" problem occurs in a

Short- to medium-term project selection with predictable cash flows can be done by which of the following methods?

If we cannot estimate probabilities because the project cash flows are uncertain, then we can use all of the following methods except

Which of the following is not a method used to evaluate projects with unpredictable cash flows where probabilities cannot be estimated?

Popular techniques to plan for and monitor a project include

Activity times for a project can be estimated by all but which of the following methods?

Which one of the following statements best describes the critical path of a project network?

A project has three possible paths from start to finish. Path A-B-C is 15 hours; path A-C-D is 10 hours, and path A-C-E is 20 hours. Which one of the following statements is true?

Given that activity B has the following times, which of the following statements is true about activity B? Earliest start time = 9 days; latest start time = 17 days; earliest finish time = 15 days; latest finish time = 23 days

Which of the following is the critical path for the project network shown in the following diagram?

What is the project duration for the project network shown in the following diagram?

Using the information shown in the previous table, what is the earliest finish time for activity F?

Using the information shown in the previous table, what is the duration time for activity D?

Using the first diagram above, which one of the following paths is the critical path?

Using the second diagram above or using the information shown in the previous table, what is the project duration?