Question 1

What is the estimated slack time for activity W?

Accepted Answer

A)  0 days
B)  25 days
C)  35 days
D)  45 days
E)  85 daysF) C) and D)
G) A) and B)

Question 2

What is the estimated standard deviation in the time for activity E?

Accepted Answer

A)  2 days
B)  3 days
C)  4 days
D)  16 days
E)  24 daysF) A) and E)
G) A) and D)

Question 3

The expected duration of this project is:

Accepted Answer

A)  13
B)  15
C)  20
D)  52
E)  81F) B) and E)
G) C) and D)

Question 4

Most likely time generally is more than optimistic time.

Accepted Answer

A) True 
 B)False

Question 5

Given this information about activity 3-4: ES = 10, EF = 15, LS = 16, and LF = 21, we can determine that the amount of slack associated with the activity is:

Accepted Answer

A)  0
B)  1
C)  5
D)  6
E)  11F) B) and E)
G) B) and C)

Question 6

The total cost of crashing any one activity should never exceed 20% of the total cost of the original project.

Accepted Answer

A) True 
 B)False

Question 7

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)  25F) B) and E)
G) All of the above

Question 8

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

Accepted Answer

A)  Speed
B)  Fund
C)  Crash
D)  Aggregate
E)  MatrixF) A) and B)
G) A) and C)

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

What is the estimated standard deviation in the time for activity D?

Accepted Answer

A)  0 days
B)  2 days
C)  3 days
D)  4 days
E)  12 daysF) B) and C)
G) B) and D)

Question 11

Activity C has an early start time of 8, an early finish time of 12, a latest start time of 13, and a latest finish time of 17.Its slack is:

Accepted Answer

A)  0
B)  1
C)  4
D)  5
E)  9F) None of the above
G) A) and C)

Question 12

What is the estimated standard deviation (in weeks) for the critical path completion time?

Accepted Answer

The answer of What is the estimated standard deviation (in...

Question 13

In PERT, the path with the fewest activities is referred to as the critical path.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

If two consecutive activities on the same path each have two days of activity slack, this means that each of them can be delayed by two days without delaying the project.

Accepted Answer

A) True 
 B)False

Question 16

The critical path for the network shown is:

Accepted Answer

A)  1-3-6-7
B)  1-2-4-7
C)  1-4-7
D)  1-3-4-7
E)  1-2-5-7F) A) and B)
G) D) and E)

Question 17

If an activity is determined to be on the critical, that means that it, and perhaps other, will affect project ____________.

Accepted Answer

A)  direct costs
B)  performance
C)  quality
D)  conflict
E)  durationF) B) and C)
G) A) and E)

Question 18

In a project network the critical path is the sequence of activities which has the:

Accepted Answer

A)  most activities
B)  most nodes
C)  most events
D)  longest time
E)  greatest varianceF) B) and E)
G) A) and C)

Question 19

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 20

In crashing this project to 18 weeks, which activities (in order of selection) will be reduced?
A.

Accepted Answer

The answer of In crashing this project to 18 weeks,...

Exam 17: Project Management

What is the estimated standard deviation (in weeks) for the critical path completion time?

Correct AnswerverifiedShow Answer

In PERT, the path with the fewest activities is referred to as the critical path.

Correct AnswerverifiedShow Answer

The critical path for the network shown is:

Correct AnswerverifiedShow Answer

Most likely time generally is more than optimistic time.

Correct AnswerverifiedShow Answer

If two consecutive activities on the same path each have two days of activity slack, this means that each of them can be delayed by two days without delaying the project.

Correct AnswerverifiedShow Answer

In a project network the critical path is the sequence of activities which has the:

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

What is the estimated standard deviation in the time for activity D?

Correct AnswerverifiedShow Answer

Given this information about activity 3-4: ES = 10, EF = 15, LS = 16, and LF = 21, we can determine that the amount of slack associated with the activity is:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

In crashing this project to 18 weeks, which activities (in order of selection) will be reduced? A.

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

Correct AnswerverifiedShow Answer

What is the estimated standard deviation in the time for activity E?

Correct AnswerverifiedShow Answer

What is the estimated slack time for activity W?

Correct AnswerverifiedShow Answer

The total cost of crashing any one activity should never exceed 20% of the total cost of the original project.

Correct AnswerverifiedShow Answer

The expected duration of this project is:

Correct AnswerverifiedShow Answer

If an activity is determined to be on the critical, that means that it, and perhaps other, will affect project ____________.

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

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

Correct AnswerverifiedShow Answer

Activity C has an early start time of 8, an early finish time of 12, a latest start time of 13, and a latest finish time of 17.Its slack is:

Correct AnswerverifiedShow Answer

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