Week 4 Study Set

Gantt charts show which of the following?

Amount of time and sequence of activities

A Gantt chart is sometimes referred to as what?

Bar chart

Which of the following is not a step in CPM?

Calculate the shortest path

Which of the following types of projects represents the least amount of change?

Derivative projects

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

Expected Time

a project has how many critical paths?

It is possible to have multiple critical paths

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

Major

Which project organizational structure minimizes the duplication of resources?

Matrix

Which of the following is not a direct activity cost?

Overhead

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

Place

A big competitor to Microsoft Project is...

Primavera Project Planner

All of the following are types of project organizational structures except

Process

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

Pure

In the following identification of Activity C, the number represents which of the following? C(4)

The expected duration

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

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

True

The early finish is calculated by

adding the early start and duration

When calculating activity variance, what is X in the following calculation? (X/6)^2

b-a

A schedule that lists all activities by their early start times is a(n)

early start schedule

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

earned value management

Activities that need to be completed before an activity are referred to as

immediate predecessors

The costs associated with sustaining a project are referred to as

indirect costs

How many immediate predecessors does an activity have.

it depends

When calculating the slack of an activity, it is the difference between an activity's

late start and early start times

When crashing a project, the first activity your crash should be

on the critical path with the lowest crash cost per day

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

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

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

(CC-NC)/(NT-CT)

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

1. A project manager is held responsible for successful completion of the project. 2. Duplication of resources is minimized. 3. Team members have a functional "home" after project completion 4. Policies of the parent organization are followed. 5. Communication between functional diversions is enhanced.

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

1. A project plan that identifies the activities to be accomplished 2. Predefined earning or costing rules to quantify the accomplishment of work 3. A valuation of each activity work

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

1. A valuation of each activity work. 2. A project plan that identifies the activities to be accomplished. 3. Predefined earning or costing rules to quantify the accomplishment of work

For the critical path method (CPM), place the following steps in order from the first one completed to the last one completed.

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

1. Lines of communication are shortened. 2. Team pride, motivation, and commitment are high 3. Team members report to one boss 4. The project manager has full authority over the project

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

1. Material 2. Equipment 3. People

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

1. Motivation of team members is often weak 2. Needs of the client are secondary and are responded to slowly 3. Aspects of the project unrelated to the functional area get shortchanged

Which of the following are disadvantages for pure projects. Check all that apply.

1. Organizational goals and policies are ignored 2. The organization falls behind in its knowledge of new technology 3. Duplication of resources 4. Team members worry about their job once the project is over.

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

1. Requiring a significant period of time 2. Having a major output 3. Series of related jobs

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

1. Suboptimization is a danger 2. There are two bosses 3. It is doomed to failure unless the project manager has strong negotiating skills

Which of the following are advantages for pure projects. Check all that apply.

1. Team members report to one boss 2. Lines of communication are shortened 3. The project manager has full authority over the project 4. Team pride, motivation, and commitment are high

Identify the three main forms of project.

1. functional project 2. pure project 3. matrix project

What are the points in time that we need to calculate for each activity in the project?

1. late start time 2. early start time. 3. late finish time 4. early finish time

When calculating the expected completion time for an activity using the formula based on the beta statistical distribution, the most likely time is weighted _______ time more than the optimistic and pessimistic times.

4

The expected completion time is computed as (a+Xm+b)/(y). What are the values of X and Y respectively.

4, 6

What is the major assumption when determining the cost per unit of time to expedite each activity.

A linear relationship between time and cost

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

False

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

False

True or false: There are relatively few project management software options for practitioners.

False