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Exam 24: Project Management

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Question 1

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Indirect cost for a project is $2500 per day.Given the following information,determine an optimum crashing plan.What is the total cost for the plan? 11eab92b_c478_ba81_99e6_91c7ca2cb86e

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CRITICAL PATH = A-C-...

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Question 2

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A hierarchical listing of what must be done during the project is called:

A) work breakdown structure (WBS) .
B) program evaluation and review technique (PERT) .
C) planning matrix.
D) crashing.
E) critical path method (CPM) .

F) A) and C)
G) B) and D)

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Question 3

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The Project Manager is about to begin a project comprised of the following six activities: What is the estimated expected (mean) duration for project completion?

What are the estimated slack times (in weeks)for activities A-H? 11eab92b_c478_4546_99e6_bbbc69ea584f

The Project Manager is about to begin a project comprised of the following six activities: What is the estimated expected (mean) duration for activity E?

A project superintendent is about to begin work on a freeway resurfacing project,which is comprised of the following five activities: What is the estimated expected (mean) duration for Activity E?

A project has the activities and activity durations (days)listed below.There are two paths: start-A-B-end and start-C-D-finish.Determine the probability that the project will require more than 15 days from start to finish. 11eab92b_c477_f721_99e6_39488dcb3497

A Gantt chart provides a visual representation of the sequence of activities in a project.

The path in a precedence network with the longest duration is the critical path.

The precedence network for a project depicts sequential relationships among activities in a project.

Although PERT and CPM were originally developed for somewhat different types of projects,they are now nearly identical in terms of analysis and procedures.

The manager of a National Forest is about to undertake a reforestation project in a burned out area.The project will involve the following six activities: What is the estimated standard deviation of the duration for activity Z?

A project manager should not be concerned with the political nature of the organization they are working with.

Project managers are sometimes able to reduce indirect project costs by increasing direct costs.

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

A project consists of nine major activities,as shown.There are three separate paths in the network: a-c-f,b-d-g,and e-h-i. (i)What is expected project duration time? (ii)Determine the probability that the project will take more than 35 weeks to complete.(All durations are in weeks.) 11eab92b_c477_d00e_99e6_ad14123209e7

Project planning determines how the project is to be undertaken,and includes breaking the job down into smaller components called task identification.

Using the information given,do the following: (i)Identify the critical path. (ii)Determine expected project duration. 11eab92b_c477_a8fb_99e6_2fa9612f9262

In precedence network analysis,knowing the slack time allows managers to:

What is the estimated expected (mean)duration (in weeks)for project completion? 11eab92b_c478_1e35_99e6_957d44b0ca89