Question 1

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

Accepted Answer

A)   12.
B)   17.
C)   20.
D)   36.
E)   77.F) A) and D)
G) C) and D)

Question 2

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 D)
G) A) and B)

Question 3

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.

Accepted Answer

A) True 
 B)False

Question 4

Slack time is equal to LS-ES or LF-EF.

Accepted Answer

A) True 
 B)False

Question 5

Most likely time generally is at least as long as optimistic time.

Accepted Answer

A) True 
 B)False

Question 6

The higher the node number, the longer the activity will take.

Accepted Answer

A) True 
 B)False

Question 7

Activity J has a duration of 7 and an earliest finish time of 21. If J's latest start time is 16, this must mean that J's slack is:

Accepted Answer

A)   7.
B)   4.
C)   3.
D)   2.
E)   1.F) B) and D)
G) B) and C)

Question 8

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

Accepted Answer

A)   smash
B)   fund
C)   crash
D)   aggregate
E)   matrixF) B) and C)
G) A) and E)

Question 9

The basis for use of the beta distribution in PERT is:

Accepted Answer

A)   essentially theoretical.
B)   its features that make it attractive in practicE.
C)   its symmetry.
D)   It is bimodal.
E)   It can easily be converted to a normal distribution.F) A) and E)
G) A) and D)

Question 10

Which of the following is not true about the use of dummy activities in project networking?

Accepted Answer

A)   They preserve the separate identities of activities.
B)   They clarify precedence relationships among activities.
C)   They have an activity time equal to zero.
D)   They have an activity time variance equal to zero.
E)   They are used in activities-on-nodes (AON)  network diagrams.F) A) and B)
G) All of the above

Question 11

Consider the portion of a project depicted by this graph: 
What is the earliest finish time for activity 10-11 (far right-hand side)  if the earliest start time of 8-10 (upper left-hand side)  is 12 and the earliest start time of 9-10 (lower left-hand side)  is 13?

Accepted Answer

A)   22
B)   23
C)   24
D)   25
E)   26F) B) and D)
G) C) and D)

Question 12

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) B) and C)
G) B) and D)

Question 13

Which of the following is not characteristic of good risk management?

Accepted Answer

A)   estimating the likelihood of chance events occurring
B)   planning to eliminate chance events
C)   identifying potential chance events
D)   formulating contingency plans for chance events
E)   analyzing the consequences of chance eventsF) C) and D)
G) A) and C)

Question 14

Once a project is underway, the project manager usually is not responsible for effectively managing:

Accepted Answer

A)   the people.
B)   costs.
C)   resources.
D)   time.
E)   project priority.F) D) and E)
G) A) and C)

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

When developing probabilistic estimates of project duration, it is necessary to know which of the following?

Accepted Answer

A)   the mean and variance of every activity
B)   the mean and variance of activities on the critical path
C)   the standard deviation of activities on the critical path
D)   each activity's probability of completion
E)   the distribution of activity timesF) B) and D)
G) C) and D)

Question 17

Which of the following is not a limitation of PERT and similar project-scheduling techniques?

Accepted Answer

A)   They force the manager to organize and quantify information.
B)   One or more important activities may be omitted from the network.
C)   Precedence relationships may not all be correct as shown.
D)   Time estimates may contain a "fudge factor."
E)   The use of a computer is essential for large projects.F) B) and D)
G) A) and B)

Question 18

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

Accepted Answer

A)   planning and constructing a new city hall
B)   developing an advertising campaign for a new product
C)   designing and constructing a subway system
D)   writing a poem
E)   preparing for the visit of a foreign dignitaryF) C) and D)
G) C) and E)

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Consider the following work breakdown structure: 
What is the probability that this project will be completed within 130 days?

Accepted Answer

A)   .8413
B)   .90
C)   .9544
D)   .9772
E)   .9987F) B) and E)
G) A) and C)

Exam 23: Project Management

Activity J has a duration of 7 and an earliest finish time of 21. If J's latest start time is 16, this must mean that J's slack is:

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

Consider the portion of a project depicted by this graph: What is the earliest finish time for activity 10-11 (far right-hand side) if the earliest start time of 8-10 (upper left-hand side) is 12 and the earliest start time of 9-10 (lower left-hand side) is 13?

Correct AnswerverifiedShow Answer

The basis for use of the beta distribution in PERT is:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is not a limitation of PERT and similar project-scheduling techniques?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is not true about the use of dummy activities in project networking?

Correct AnswerverifiedShow Answer

Once a project is underway, the project manager usually is not responsible for effectively managing:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is not characteristic of good risk management?

Correct AnswerverifiedShow Answer

Most likely time generally is at least as long as optimistic time.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

When developing probabilistic estimates of project duration, it is necessary to know which of the following?

Correct AnswerverifiedShow Answer

Consider the following work breakdown structure: What is the probability that this project will be completed within 130 days?

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

The higher the node number, the longer the activity will take.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Slack time is equal to LS-ES or LF-EF.

Correct AnswerverifiedShow Answer

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