BUSMGT Chapter 4: Projects

Which of the following can be part of a statement of work? Check all that apply. Work to be done Who will be assigned to the project Objectives to be achieved Performance measures Proposed schedule Cost

Work to be done Objectives to be achieved Performance measures Proposed schedule

The crash-cost per day (or other time unit) is calculated using which of the following formulas?

(CC - NC) / (NT - CT)

Which of the following is not a resource considered in project management? Equipment Materials People Place

Place

Which of the following is defined as a series of jobs usually directed toward some major output and requires a significant period of time to perform? Project management Pure project Crashing Project

Project

What is the major assumption when determining the cost per unit of time to expedite each activity. Normal time is less than or equal to crash time. A strong correlation between time and cost A linear relationship between time and cost A normal relationship between time and cost.

A linear relationship between time and cost

When a project is housed within a functional division, such as manufacturing, it is called a ________ project. process pure functional matrix

functional

At what point in the project planning process is the organizational structure of the project decided? Before the project begins As the work is ramping up Before the work is completed It can be selected and changed at any time

Before the project begins

Which of the following types of projects represents the most amount of change? Derivative projects Platform projects Breakthrough projects

Breakthrough projects

How is the variance for a project found? It is estimated based on the length of the project. By summing the variances of all the activities in the project. Using the formula (b−a6)2b-a62. By summing the variance along the critical path.

By summing the variance along the critical path.

__________________ is based on the assumptions that project activity times can be estimated accurately and that they do not vary.

CPM or Critical Path Method

Project managers are as much concerned with the____________ to complete a project as with the to _________complete the project.

Cost time

_____________ refers to the compression or shortening of the time to complete the project.

Crashing

When working on time-cost trade-off projects, which of the following pieces of information is not required? Normal cost Crash cost Normal time Expected time

Expected time

True or false: A benefit of a pure project is that you share equipment and people across projects. True False

False

Which of the following are advantages of the functional project organizational structure? Check all that apply. Functional-area experts creates synergistic solutions to technical problems. Communication between functional divisions is enhanced. A team member can work on several projects. Team members report to one boss. The functional area is a home after the project is completed. The project manager has full authority over the project. Technical expertise is maintained within the functional area.

Functional-area experts creates synergistic solutions to technical problems. A team member can work on several projects. The functional area is a home after the project is completed. Technical expertise is maintained within the functional area.

CPM techniques owe their development to the _________ chart.

Gantt

A project has how many critical paths? No one can determine how many critical paths there are for a project. It is possible to have multiple critical paths. One and only one. There are always two.

It is possible to have multiple critical paths.

Which of the following is not a form of a matrix project? Balanced Weak Strong Major

Major

How many immediate predecessors does B have? None One Two Three Four

One

Which of the following is not a direct activity cost? Overtime work Overhead Leasing equipment Support facilities

Overhead

_____________ was developed to handle uncertain time estimates.

PERT

All of the following are constraints addressed in project management except: Cost People Technical Time

People

Which of the following are resources controlled by project management? Check all that apply. Cost Time People Material Equipment

People material equipment

All of the following are types of project organizational structures except Matrix Functional Pure Process

Process

Which of the following is defined as a series of jobs usually directed toward some major output and requires a significant period of time to perform? Project Pure project Project management Crashing

Project

True or false: A firm should have a mix of projects that best supports it's strategy. True False

True

True or false: Typically, a task is performed by one group or organization. True False

True

True or false: When all the activities are completed, the project is finished.

True

In a project, which of the following has the shortest duration? Work package Subtasks Work breakdown structure Project tasks

Work Package

A schedule that lists all activities by their early start times is a(n) early start schedule. the critical path. late start schedule. Gantt chart.

early start schedule.

Activities that need to be completed before an activity are referred to as immediate predecessors present activities immediate successors eventual successors

immediate predecessors

The costs associated with sustaining a project are referred to as direct costs indirect costs crashing costs normal costs

indirect costs

When calculating the slack time of an activity, it is the difference between an activity's start time and duration early start and early finish times finish time and duration late start and early start times

late start and early start times

When crashing a project, the first activity your crash should be the one with the lowest crash cost per day. on the critical path with the highest crash cost per day. the one with the highest crash cost per day. on the critical path with the lowest crash cost per day.

on the critical path with the lowest crash cost per day.

The three-time-estimate approach introduces the ability to consider the _______________ that a project will be completed within a particular amount of time.

probability

For some activities in a project there may be some leeway in when an activity can start and finish. This is called the slack time immediate predecessor critical activity variable start time

slack time

The work breakdown structure is further subdivided into ___________

tasks

Activity A is a predecessor for Activities B and C. When determining the late finish time for Activity A, you select the sum of late starts for B and C the sum of duration times for B and C the larger of the late starts for B and C the smaller of the late starts for B and C

the smaller of the late starts for B and C

What term best describes the written description of the objectives to be achieved in a project? Work breakdown structure Statement of work Work package Project milestones

Statement of work

Place the following project terms in order from longest to shortest. Task Milestone Subtask work breakdown structure work package

1. Work breakdown structure 2. Task 3. Subtask 4. Work package 5. Milestone

A specific event that should be reached at a certain point in time are often referred to as? Project milestone Tasks Functional projects Work packages

Project milestone

A project where all members of the team work on the project full time is an example of which project organizational structure? Pure Process Matrix Functional

Pure

Which of the following are required for a project? Check all that apply. Requiring a significant period of time Using project management software Series of related jobs Taking at least six months Having a major output

Requiring a significant period of time Series of related jobs Having a major output

The early finish is calculated by adding the early start and duration subtracting the duration from the late finish adding the late finish and duration adding the late start and duration

adding the early start and duration