Question 1

The costs associated with risk events tend to be lower near the beginning of a project and higher near the end of the project.

Accepted Answer

A) True 
 B)False

Question 2

Consider the portion of a project depicted by this graph:  What is the latest start time of activity 6-7 if the latest finish of activity 7-8 is 26, and the latest finish of activity 7-9 is 23?

Accepted Answer

A)  18
B)  17
C)  13
D)  12
E)  10F) A) and B)
G) A) and C)

Question 3

To _____ an activity means to shorten the time it will take.

Accepted Answer

A)  smash
B)  fund
C)  crash
D)  aggregate
E)  matrixF) All of the above
G) A) and E)

Question 4

Which of the following is not a form of risk reduction in project management?

Accepted Answer

A)  backup system
B)  outsourcing
C)  risk sharing
D)  scenario analysis
E)  frequent monitoring of critical project dimensions in order to catch and eliminate problems earlyF) None of the above
G) B) and D)

Question 5

Shortening activity durations is called

Accepted Answer

A)  expediting.
B)  crashing.
C)  vendor management.
D)  null nodes.
E)  trade-off analysis.F) A) and C)
G) All of the above

Question 6

The sum of times of the longest path in a network indicates expected project duration, and the activities represent the critical activities.

Accepted Answer

A) True 
 B)False

Question 7

Project management differs from management of more traditional activities mainly because of:
(I) its limited time frame.(II) its unique, defined set of activities.(III) the requirement for use of the appropriate resources.(IV) the need for planning and execution.

Accepted Answer

A)  I
B)  II
C)  I and II
D)  I and III
E)  I, II, and IVF) B) and E)
G) A) and B)

Question 8

Consider the following work breakdown structure:

What is the probability that the critical path for this project will be completed within 52 weeks?

Accepted Answer

A)  .1554
B)  .3108
C)  .3466
D)  .6554
E)  .8277F) C) and D)
G) None of the above

Question 9

Consider the following work breakdown structure:

What is the estimated slack time for activity W?

Accepted Answer

A)  0 day
B)  25 days
C)  35 days
D)  45 days
E)  85 daysF) A) and B)
G) None of the above

Question 10

The project computing algorithm requires both a forward and a backward pass.

Accepted Answer

A) True 
 B)False

Question 11

Which phase of the project life cycle happens in conjunction with project execution?

Accepted Answer

A)  initiating
B)  planning
C)  executing
D)  monitoring and controlling
E)  closingF) B) and C)
G) A) and B)

Question 12

The project management strategy of injecting additional resources in order to reduce the length of the project is called

Accepted Answer

A)  expediting.
B)  rushing.
C)  panicking.
D)  crashing.
E)  loading.F) C) and D)
G) None of the above

Question 13

Which of the following is not typically treated as part of a project life cycle?

Accepted Answer

A)  feasibility assessment
B)  planning
C)  maturity
D)  release resources
E)  project staffingF) A) and D)
G) None of the above

Question 14

Consider the following work breakdown structure:

What is the estimated expected (mean) time for project completion?

Accepted Answer

A)  160 days
B)  170 days
C)  200 days
D)  210 days
E)  300 daysF) B) and E)
G) D) and E)

Question 15

An advantage of Gantt charts in project management is that they identify which activities can be delayed without delaying the overall project.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

A disadvantage of activity-on-node diagrams is the occasional need for dummy activities.

Accepted Answer

A) True 
 B)False

Question 18

The advantage a precedence diagram has over a Gantt chart is

Accepted Answer

A)  its ability to reveal relationships among activities.
B)  its difficulty in depicting networks.
C)  its complexity.
D)  its simplicity.
E)  its lack of riskiness.F) None of the above
G) A) and B)

Question 19

There are four activities on the critical path, and they have standard deviations of 1, 2, 4, and 2 days. The standard deviation of the critical path is

Accepted Answer

A)  3.
B)  5.
C)  9.
D)  16.
E)  25.F) A) and D)
G) None of the above

Question 20

Which decision in project management has typical factors that include establishing appropriate metrics for evaluating the project and managing equipment?

Accepted Answer

A)  deciding which projects to implement
B)  selecting the project manager
C)  selecting the project team
D)  planning and designing the project
E)  managing and controlling project resourcesF) A) and E)
G) C) and E)

Exam 17: Project Management

Shortening activity durations is called

Correct AnswerverifiedShow Answer

Which phase of the project life cycle happens in conjunction with project execution?

Correct AnswerverifiedShow Answer

The project management strategy of injecting additional resources in order to reduce the length of the project is called

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The project computing algorithm requires both a forward and a backward pass.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is not a form of risk reduction in project management?

Correct AnswerverifiedShow Answer

There are four activities on the critical path, and they have standard deviations of 1, 2, 4, and 2 days. The standard deviation of the critical path is

Correct AnswerverifiedShow Answer

Consider the portion of a project depicted by this graph: What is the latest start time of activity 6-7 if the latest finish of activity 7-8 is 26, and the latest finish of activity 7-9 is 23?

Correct AnswerverifiedShow Answer

An advantage of Gantt charts in project management is that they identify which activities can be delayed without delaying the overall project.

Correct AnswerverifiedShow Answer

Which of the following is not typically treated as part of a project life cycle?

Correct AnswerverifiedShow Answer

The advantage a precedence diagram has over a Gantt chart is

Correct AnswerverifiedShow Answer

A disadvantage of activity-on-node diagrams is the occasional need for dummy activities.

Correct AnswerverifiedShow Answer

Consider the following work breakdown structure: What is the probability that the critical path for this project will be completed within 52 weeks?

Correct AnswerverifiedShow Answer

The sum of times of the longest path in a network indicates expected project duration, and the activities represent the critical activities.

Correct AnswerverifiedShow Answer

To _____ an activity means to shorten the time it will take.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Project management differs from management of more traditional activities mainly because of: (I) its limited time frame.(II) its unique, defined set of activities.(III) the requirement for use of the appropriate resources.(IV) the need for planning and execution.

Correct AnswerverifiedShow Answer

Which decision in project management has typical factors that include establishing appropriate metrics for evaluating the project and managing equipment?

Correct AnswerverifiedShow Answer

The costs associated with risk events tend to be lower near the beginning of a project and higher near the end of the project.

Correct AnswerverifiedShow Answer

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