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1. North American Free Trade Agreement (NAFTA) has helped reduce trade from 40% in 1940 to less than 3% today.
True
False
2. Microsoft Project is effective for managing small projects. However, for large or complex projects, Program evaluation and review technique (PERT) and the critical path method (CPM) are much preferred.
3. The management of projects involves three phases; planning, scheduling, confusion
4. The critical path is the length of time an activity can be delayed without delaying the entire project.
5. Late Start = Late Finish – Activity time
6. Hardrock Café holds an event called “Rockfest”
7. Pessimistic time is defined as a time during the project planning phase where project managers generally have low outlooks towards their project.
8. Free time can be described as Slack
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