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Exam 24: Project Management

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Question 41

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In the probabilistic approach to precedence network analysis,the duration estimate that is given the highest weighting in calculating the expected duration for an activity is:

A) duration of the immediately prior activity.
B) duration of the immediately following activity.
C) most likely duration.
D) optimistic duration.
E) pessimistic duration.

F) B) and D)
G) B) and E)

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Question 42

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Projects involve routine operations that are performed repeatedly.

A) True
B) False

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Question 43

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The critical path has zero path slack time.

Which of the following is not part of the project management triangle?

A hierarchical listing of what must be done during a project is called a project matrix.

Activity slack is the difference between the latest finish and earliest finish times.

A project manager for Durable Construction Co.is about to build a house involving the following six activities: What is the estimated slack time for the path B-D-F?

A project manager for Durable Construction Co.is about to build a house involving the following six activities: What is the estimated expected (mean) duration for project completion?

The owner of Ace Building Co.is about to begin work on a project comprised of the following four activities: What is the estimated slack time for the path B-D?

Simulation can be used for cases in which network activity durations are dependent.

The optimum project length in crashing occurs when the cumulative cost of crashing equals savings in the indirect costs.

The probability of occurrence of risk events is lower near the beginning of a project and higher near the end of the project.

The path in a PERT/CPM precedence network with the fewest activities and shortest duration is referred to as the critical path.

Uncontrolled growth in the number of activities that end up being included as a part of a project is called:

A project manager for Durable Construction Co.is about to build a house involving the following six activities: What is the estimated expected (mean) duration for activity E?

A project manager usually staffs the human resources required for a project by hiring outside specialists that only work for the company for the duration of the project.

In order to determine the probability of timely project completion,it is sometimes necessary to take into account paths other than the critical path.

The life cycle of a project does not include which of the following phases?

What is the probability that the critical path for this project will be completed within 75 weeks? 80 weeks? 85 weeks? 90 weeks? 11eab92b_c478_6c59_99e6_3b8caf9e27de

The task of identifying risks should involve everyone associated with the project.