Question 1

The earliest start for each beginning node is
A)zero.
B)100.
C)15.
D)25.

Accepted Answer

In project management and scheduling, the earliest start time for any beginning node (i.e., an activity or task that does not have any predecessors) is typically considered to be zero. This is because the start time is measured relative to the beginning of the project, which is defined as time zero.

Question 2

When activities are represented as arrows,then the node circles are called:
A)events.
B)activities.
C)dummy activities.
D)none of the above

Accepted Answer

Node circles in an arrow representation of activities are called events. This is because events mark points in time when an activity starts or ends, or a milestone is achieved.

Question 3

How was PERT developed and what was its intended use?

Accepted Answer

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Question 4

Resource leveling:
A)shifts costs among activities.
B)does not add new funds.
C)does not reduce existing funds.
D)all of the above

Accepted Answer

Resource leveling only reallocates existing resources to balance the workload and reduce overutilization or underutilization of resources. It does not create new funds or reduce existing funds. However, it may shift costs among activities to meet project objectives. Therefore, all of the above options (A, B, and C) are correct.

Question 5

Define explicit knowledge and how it allows for information transfer.Give two examples of explicit knowledge.

Accepted Answer

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Question 6

Project management requires good estimates to time to:
A)manage the critical path.
B)use slack resources properly.
C)both a and b
D)neither a nor b

Accepted Answer

Good estimates of time are crucial for successful project management as they help in identifying the critical path and managing it effectively, while also allowing for proper utilization of slack resources. Therefore, both options A and B are correct.

Question 7

Project quality is a _____ responsibility.
A)design
B)engineering
C)P/OM
D)all of the above

Accepted Answer

Project quality is everyone's responsibility, including designers, engineers, and operations managers. All team members should be committed to meeting quality standards and ensuring the project delivers the required results.

Question 8

Which of the choices below is a challenge created by multiple projects?
A)Avoid compartmentalizing the assignments so that time lines are not sacrificed on one project at the expense of another project.
B)Avoid using resource leveling such that skills are borrowed and loaned between different projects as needed.
C)Provide adequate management for all projects.
D)both a and c

Accepted Answer

Both options A and C are challenges created by multiple projects. Compartmentalization can lead to neglecting some projects, while not providing adequate management can result in all projects slipping in terms of timelines and quality. The option B is not a challenge created by multiple projects but rather a resource management strategy.

Question 9

Each node marks:
A)the starting event of one or more activities.
B)the finishing event of one or more activities.
C)both a and b
D)neither a nor b

Accepted Answer

Each node in a network diagram represents a specific event, which can be either the starting event of one or more activities, the finishing event of one or more activities, or both. Therefore, option C is the correct answer.

Question 10

Compare and contrast change management projects and control management processes.

Accepted Answer

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Question 11

How are projects defined?

Accepted Answer

The answer of How are projects defined?...

Question 12

Below are four project life cycle stages.There are five.Which one is missing? (1) describing the goals;(2) planning the project;(3) carrying out the project;(4) completing the project;(5) _____.
A)ferris wheel maintenance
B)continuous project teams
C)simultaneous engineering
D)concurrent engineering

Accepted Answer

The missing stage is "continuous project teams," which refers to the ongoing evaluation and maintenance phase after project completion to ensure sustainability and address any issues.

Question 13

PERT charts are introduced with deterministic estimates to keep the discussion focused on:
A)their construction.
B)the determination of the critical path.
C)both a and b
D)neither a nor b

Accepted Answer

PERT charts are introduced with deterministic estimates to keep the discussion focused on both their construction and the determination of the critical path. By using the estimates, the project team can focus on the sequence of activities needed to complete the project and identify the ones that are critical to the project timeline.

Question 14

Which of the choices below translates to identification of activities that fall along the critical path?
A)LS - ES = 0
B)LF - EF = 0
C)Slack = 0
D)all of the above

Accepted Answer

All of the choices (LS-ES=0, LF-EF=0, Slack=0) represent conditions that are satisfied by activities that fall along the critical path. Therefore, the correct option is (D).

Question 15

A good estimator increases the organization's revenues by not overestimating costs which
A)produces bids that are too high.
B)result in lower probabilities of winning the bid.
C)both a and b
D)neither a nor b

Accepted Answer

Overestimating costs can lead to bids that are too high, which in turn can result in lower probabilities of winning the bid.

Question 16

Simulations can be run using the means and variance information to determine the percent of time that each path becomes _____. Much attention should be paid to the paths that become _____ most often.
A)critical;critical
B)neutral;critical
C)critical;variable
D)completed;critical

Accepted Answer

Simulations using means and variance information help identify the percent of time each path becomes critical. The paths that become critical most often require the most attention because they are the ones that could potentially delay the entire project if not managed properly.

Question 17

Using cost/time tradeoffs permits a firm to _____.
A)level resources
B)plan for budget allocations across multiple projects
C)set reasonable limits on how many projects can be handled at one time
D)optimize the use of resources for one project

Accepted Answer

Using cost/time tradeoffs allows a firm to optimize the use of its resources for one project. By exploring the tradeoffs between cost and time, a firm can identify the project duration that minimizes cost while still meeting project requirements. This approach can help ensure that the firm is using its resources efficiently and effectively for each project. However, it does not necessarily address resource leveling, budget allocations, or project portfolio management.

Question 18

For cost estimates,when project bidding is used,underestimating the cost of a job results in _____.
A)bids that are too low
B)probability of losing money
C)higher probabilities of the bid being accepted
D)both a and b
E)all of the above

Accepted Answer

Underestimating the cost of a job results in bids that are too low, which increases the probability of losing money on the project if the bid is accepted. It also increases the likelihood of the bid being accepted because it may be more competitive compared to higher, more accurate bids. Therefore, all of the options are correct consequences of underestimating job costs in project bidding.

Question 19

_____ management calls on all of the skills required to manage several very complex project phases and stages with numerous locations,suppliers,and workers.
A)Project
B)Multiple skill
C)Multiple project
D)Complex project

Accepted Answer

The statement mentions "several very complex project phases and stages with numerous locations, suppliers, and workers," which indicates the management of multiple projects rather than a single project. This requires skills such as project portfolio management, resource allocation, and coordination among various stakeholders involved in multiple projects. Therefore, multiple project management is the best choice for this scenario.

Question 20

Define and discuss market research and its relationship to P/OM.

Accepted Answer

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Quiz 18: Project Management for New Products and Processes

The earliest start for each beginning node is

When activities are represented as arrows,then the node circles are called:

How was PERT developed and what was its intended use?

Resource leveling:

Define explicit knowledge and how it allows for information transfer.Give two examples of explicit knowledge.

Project management requires good estimates to time to:

Project quality is a _____ responsibility.

Which of the choices below is a challenge created by multiple projects?

Each node marks:

Compare and contrast change management projects and control management processes.

How are projects defined?

Below are four project life cycle stages.There are five.Which one is missing? (1) describing the goals;(2) planning the project;(3) carrying out the project;(4) completing the project;(5) _____.

PERT charts are introduced with deterministic estimates to keep the discussion focused on:

Which of the choices below translates to identification of activities that fall along the critical path?

A good estimator increases the organization's revenues by not overestimating costs which

Simulations can be run using the means and variance information to determine the percent of time that each path becomes _. Much attention should be paid to the paths that become _ most often.

Using cost/time tradeoffs permits a firm to _____.

For cost estimates,when project bidding is used,underestimating the cost of a job results in _____.

_____ management calls on all of the skills required to manage several very complex project phases and stages with numerous locations,suppliers,and workers.

Define and discuss market research and its relationship to P/OM.