Reference no: EM13225773
Question 1
A member of a project team that is implementing a new credit card payment process at a bank has direct responsibility to do all of the following EXCEPT:
be sensitive to conflicts between other team members and help resolve them.
ensure that the project has appropriate resources for the job to be completed.
help solve project problems that spill over into areas outside their expertise.
be called upon to share their expertise in credit card payment processes.
Question 2
Mike Multitask has three projects (A, B, and C) that are each four days long. Mike's supervisor suggests that he work first on project A, finish it, then work on project B until it is finished, and then on project C. Mike boldly declares, "My name isn't Multitask for nothing," so he decides to spend one day working on project A, one on B, one on C, then back to project A, and so on. There is no additional start up or shut down time required by splitting the projects this way. What is the difference in average completion time for all three projects when they are managed Mike's way when compared with his supervisor's suggestion?
There is no difference.
Mike's way is 3 days shorter.
Mike's way is 3 days longer.
Mike's way is 9 days longer.
Question 3
Slack time is routinely lost in a network:
at the point where multiple paths exit a common node.
at the point where multiple paths enter a common node.
at the point where the longest activity begins.
at the point where the shortest activity begins.
Question 4
Following are four sets of most optimistic, most likely, and most pessimistic times (in weeks) for an activity. Which one of the four sets will have a mean estimated time equal to the most likely time?
1, 9, 9
1, 5, 9
1, 1, 9
1, 5, 5
Question 5
You are responsible for managing a project with the following activities (times are given in days).
Activity Expected Time Immediate Predecessor(s)
A 3 ---
B 6 ---
C 2 ---
D 5 A
E 2 C
F 7 A
G 4 B, D, E
what is the critical path and expected completion time for this project?
A - F ; 12 days
A-D-G; 12 Days
B-G; 10 days
C, E, G; 10 days
Question 6
Assuming a beta distribution is being used, if the most pessimistic time for an activity increases by six weeks, what will happen to the expected time for that activity?
It will increase by one week.
It will decrease by one week.
It will increase by six weeks.
It will remain the same.
Question 7
If the sum of the variances on the critical path (and all other network paths) is equal to zero, what is the probability that the project will be completed by its earliest expected completion date?
50 percent
95 percent
100 percent
It cannot be determined.
Question 8
A project is currently scheduled to be finished on its normal earliest completion date. The project manager has the opportunity to earn a bonus if the project can be completed three weeks ahead of schedule. The increase in project direct costs related to crashing activities would be $40,000. Also, project indirect costs are $15,000 per week. What is the smallest bonus that the project manager should accept if he or she wants to avoid increasing overall project costs?
Less than or equal to $5,000
Greater than $5000 but less than or equal to $10,000
Greater than $10,000 but less than or equal to $15,000
Greater than $15,000
Question 9
You are given the following information about activity B:
Normal time = 9 weeks
Crash time = 5 weeks
Cost to crash per week = $2000
Crash cost = $41,000
What will it cost to complete activity B in 6 weeks?
Less than or equal to $34,000
Greater than $34,000 but less than or equal to $36,000
Greater than $36,000 but less than or equal to $38,000
Greater than $38,000
Question 10
You are given the following information about activity F:
Normal time = 16 weeks
Crash time = 10 weeks
Crash cost = $45,000
Cost to crash per week = $2,000
What is the normal cost for activity F?
Greater than or equat to $55,000
Less than $55,000 but greater than or equal to $47,000
Less than $47,000 but greater than or equal to $40,000
Less than $40,000