Question 1

In project network analysis, "slack" refers to the difference between:

Accepted Answer

A)   observed and predicted times.
B)   optimistic and pessimistic times.
C)   mean and modal times.
D)   finish and start times.
E)   latest and earliest times.F) A) and E)
G) C) and D)

Question 2

Although PERT and CPM were originally developed independently, they are now nearly identical in terms of analysis and procedures.

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

A sequence of activities that leads from the starting node to the finishing node is called a:

Accepted Answer

A)   path.
B)   sequel.
C)   trail.
D)   critical sequence.
E)   time line.F) A) and B)
G) C) and D)

Question 5

Which of the following is not an element of the project management triangle?

Accepted Answer

A)   cost
B)   schedule
C)   resources
D)   quality
E)   performance objectivesF) B) and C)
G) A) and B)

Question 6

Shortening activity durations is called:

Accepted Answer

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

Question 7

Good project management is very important with virtual teams.

Accepted Answer

A) True 
 B)False

Question 8

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 9

Which of the following is determined as a direct result of computing the earliest starting and finishing times for the activities of a project network?

Accepted Answer

A)   expected project duration
B)   activity slack time
C)   which activities are on the critical path
D)   variance in project duration
E)   maximum project durationF) C) and E)
G) None of the above

Question 10

Which of the following stages is that one in which the project's expected costs, benefits, and risks are assessed?

Accepted Answer

A)   executing
B)   monitoring/controlling
C)   assessment
D)   planning
E)   initiatingF) A) and B)
G) B) and C)

Question 11

One upside to terminating a project that is not going as well as planned is that:

Accepted Answer

A)   poorly performing project team members will be kept from causing trouble elsewhere.
B)   no additional costs will be incurred.
C)   poor project managers will be weeded out.
D)   resources can perhaps be put to better use elsewherE.
E)   project completion will be hastened.F) B) and D)
G) None of the above

Question 12

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) A) and D)
G) B) and D)

Question 13

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

Accepted Answer

A)   32 days
B)   41 days
C)   44 days
D)   42 days
E)   40 daysF) B) and E)
G) A) and B)

Exam 23: Project Management

Good project management is very important with virtual teams.

Correct Answer
verified

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

Correct Answer
verified

Shortening activity durations is called:

Correct Answer
verified

Which of the following stages is that one in which the project's expected costs, benefits, and risks are assessed?

Correct Answer
verified

A sequence of activities that leads from the starting node to the finishing node is called a:

Correct Answer
verified

Although PERT and CPM were originally developed independently, they are now nearly identical in terms of analysis and procedures.

Correct Answer
verified

One upside to terminating a project that is not going as well as planned is that:

Correct Answer
verified

In project network analysis, "slack" refers to the difference between:

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

Which of the following is determined as a direct result of computing the earliest starting and finishing times for the activities of a project network?

Correct Answer
verified

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

Correct Answer
verified

Which of the following is not an element of the project management triangle?

Correct Answer
verified

Exam 23: Project Management

Good project management is very important with virtual teams.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Shortening activity durations is called:

Correct AnswerverifiedShow Answer

Which of the following stages is that one in which the project's expected costs, benefits, and risks are assessed?

Correct AnswerverifiedShow Answer

A sequence of activities that leads from the starting node to the finishing node is called a:

Correct AnswerverifiedShow Answer

Although PERT and CPM were originally developed independently, they are now nearly identical in terms of analysis and procedures.

Correct AnswerverifiedShow Answer

One upside to terminating a project that is not going as well as planned is that:

Correct AnswerverifiedShow Answer

In project network analysis, "slack" refers to the difference between:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is determined as a direct result of computing the earliest starting and finishing times for the activities of a project network?

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

Which of the following is not an element of the project management triangle?

Correct AnswerverifiedShow Answer

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