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Exam 17: Project Management

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Question 31

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In "crashing" a project, a manager will generally focus on activities which

A) are not on the critical path.
B) are the least costly to crash.
C) are costly to crash and are on the critical path.
D) are on the critical path and are the least costly to crash.
E) are the easiest to crash.

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Question 32

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A hierarchical listing of what must be done during a project is called matrix.

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Question 33

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Consider the following work breakdown structure: What is the probability that the critical path for this project will be completed within 210 days?

The earliest finish time for an activity is equal to the latest finish time minus the activity time.

A node has one entering activity, a, and two leaving activities, b and c. Given the following information, determine the latest starting time for activity a: EFb = 15, EFc = 17, LFb = 24, LFc = 27; activity times are a = 4, b = 6, c = 8.

A project is represented by the following diagram: The expected duration of this project is:

The probability that the project will go beyond the desired time is equal to one minus the joint probability that all paths will be completed within the desired time.

Project risk events tend to be unlikely __________ a project, but that's also when they tend to be the __________.

A Gantt chart is apopular visual tool for displaying the established precedence relationships.

Good project management is very important with virtual teams.

Consider the following work breakdown structure: What is the estimated expected (mean) time for project completion?

All of the following are advantages to using a project management software package, except that

The task of identifying risks should involve everyone associated with the project.

Consider the following work breakdown structure: What is the estimated expected (mean) time for project completion?

Suppose a project is subject to the following risk events (each with a given probability of occurring and a cost associated with that occurrence) : Given these, Event _____ should probably get the most attention and Event _____ should probably get the least.

If an activity is determined to be on the critical path, that means that unlike activities that are not on the critical path, it will affect project

Consider the following work breakdown structure: What is the estimated slack time for activity A?

Which of the following would probably not involve the use of PERT?

Which decision in project management has typical factors that include budget, availability of appropriate knowledge, and cost-benefit considerations?

Consider the following work breakdown structure: What is the estimated standard deviation in the time for activity E?