ch. 4 smartbook

cost performance index

bcwp/AC

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

(CC - NC) / (NT - CT)

In the below identification of Activity C, the number represents which of the following?

the expected duration

Which technique combines measures of scope, schedule and cost for evaluating project progress?

evm

A shows in a graphic manner the amount of time involved and the sequence in which activities can be performed.

gannt chart

Which of the following is not a step in CPM?

i not: calculate the shortest path is: 1. identify each activity to be done in the project and estimate how long it will take to complete each activity 2. determine the required sequence of activities and construct a network reflecting the precedence relationships 3. determine the critical path 4. determine the early start/finish and late start/finish schedule

Which of the following is not a form of a matrix project?

is not: -major is: -weak -balanced -strong

Which of the following is not a major development project category?

is not: product development is: product change, process change, research and development, and alliance and partnership

How many milestones does a project have?

it depends on the project

A project has how many critical paths?

multiple

Which of the following is not a resource considered in project management?

place

All of the following are types of project organizational structures except

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

A specific event that should be reached at a certain point in time are often referred to as?

project milestones

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

pure

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

What term best describes the written description of the objectives to be achieved in a project?

statement of work

Completion of one or more work packages results in the completion of a

subtask

Completion of one or more subtasks results in the completion of a

task

The completion of all is required to complete the project.

tasks

Which of the following set of terms is used to describe the subdivisions when a project is broken down?

tasks and subtasks

Activity A is a predecessor for Activities B and C. When determining the late finish time for Activity A, you select

the smaller of the late starts for B and C

The extension of the critical path model that considers trade-offs between activity times and costs is often referred to as

time-cost models

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

true

True or false: An advantage of a functional project is that team members can work on multiple projects at once.

true

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

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

What term describes the group of activities assigned to a single organizational unit?

work package

What are the essential features of any earned value management (EVM) system? Check all that apply.

-a project plan that identifies the activities to be accomplished -a valuation of each activity work. In the case of a project that generates revenue, this is called the planned value of the activity. -predefined earning or costing rules (also called metrics) to quantify the accomplishment of work, called earned value or budgeted cost of work performed (BCWP)

Which of the following are advantages of the functional project organizational structure? Check all that apply.

-a team member can work on several projects -technical expertise is maintained within the functional area even if individuals leave the project or organization -the functional area is a home after the project is completed. Functional specialists can advance vertically -a critical mass of specialized functional area experts creates synergistic solutions to a project's technical problems *A team member can work on several projects. Technical expertise is maintained within the functional area. Functional-area experts creates synergistic solutions to technical problems. The functional area is a home after the project is completed.

Which of the following are disadvantages of the functional project organizational structure? Check all that apply.

-aspects of the project that are not directly related to the functional area get shortchanged -motivation of team members is often weak -needs of the client are secondary and are responded to slowly

Which of the following are resources controlled by project management? Check all that apply.

-people -equipment -material

Which of the following can be part of a statement of work? Check all that apply.

-performance measures -objectives to be achieved -work to be done -proposed schedule

Which of the following are required for a project? Check all that apply.

-requiring a significant period of time to perform -series of related jobs -major output

Which of the following are advantages of a pure project? Check all that apply.

-the project manager has full authority over the project -team members report to one boss. They do not have to worry about dividing loyalty with a functional area manager -lines of communication are shortened. Decisions are made quickly --team pride, motivation, and commitment are high

Which of the following are disadvantages of the matrix form of project organization? Check all that apply.

-there are two bosses. Often functional manager will be listened to before the project manager. After all, who can promote you or give you a raise. -It is doomed to failure unless the PM has strong negotiating skills -suboptimization is a danger, because PMs hoard resources for their own project, thus harming other projects

process

1. prepare a cpm type network diagram 2. determine the cost per unit of time [assume days] to expedite each activity 3. computer the critical path 4. shorten the critical path at the least cost 5. plot project direct, indirect and total cost curves and find the minimum cost schedule

Which of the following is a term used to refer to pieces of work that consume time?

activities

The early finish is calculated by

adding the early start and duration

At what point in the project planning process is the organizational structure of the project decided?

before the project starts

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

cost, time

points

early start early finish late start late finish times