Reference no: EM132262612
1. According to Goldratt, to complete a project on time, the highest priority should be given to the: a) Critical buffer b) Feeding chain c) Project buffer d) Critical chain e) Slack activities
2. Three phenomena that tend to bias the expected completion time of projects are inflated time estimates, activity time variability with path interdependencies, and resource dependence a) True b) False
3. Both PERT and CPM are based on variations of the __________ chart?
4. Project charters should contain some level of information regarding which of the following elements: a) Business case, goals, or scope b) Overview, general approach, schedules or milestones c) Work breakdown structure and path dependencies d) Both A and B e) None of the above
5. Which of the following terms provides the basis for the project schedule, often formatted as a project Gantt chart? a) Critical path b) Slack c) Float d) Earned value e) Work breakdown structure
6. Which of the following statement(s) concerning probabilities of completion is/are incorrect? a) Using the variance of each activity, we can compute the likelihood of completing the project in a given time period. b) The probability of completing a path is found by calculating the standard normal deviate of the desired completion time less the expected completion time. c) The distribution of a path’s completion time will be approximately normally distributed if the path has a large number of activities on it. d) The individual activity completion times must be normally distributed e) All of the above are incorrect.
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