Question 1

In the execution phase of a project's life cycle, activities are guided by decisions that were made in the __________ phase.

Accepted Answer

A)  initiating
B)  planning
C)  monitoring/controlling
D)  closing
E)  assessmentF) D) and E)
G) All of the above

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

All of the following are areas of knowledge that a project manager should possess, except

Accepted Answer

A)  managing integration.
B)  managing procurement.
C)  managing stakeholders.
D)  managing scope.
E)  managing operations.F) B) and D)
G) All of the above

Question 4

Consider the following work breakdown structure:

What is the estimated expected (mean) time for activity D?

Accepted Answer

A)  32 days
B)  41 days
C)  44 days
D)  42 days
E)  40 daysF) B) and D)
G) All of the above E

Question 5

If the expected length of a path is more than 2.5 standard deviations less than a desired project completion time, the path will not be a factor in assessing the probability of finishing the project on time.

Accepted Answer

A) True 
 B)False

Question 6

Consider the following work breakdown structure:

What is the probability that this project will be completed within 130 days?

Accepted Answer

A)  .8413
B)  .90
C)  .9544
D)  .9772
E)  .9987F) All of the above
G) C) and E)

Question 7

The latest starting time for an activity is equal to the latest finish time minus the activity time.

Accepted Answer

A) True 
 B)False  True

Question 8

Consider the following work breakdown structure:

What is the estimated expected (mean) time for activity Y?

Accepted Answer

A)  30 days
B)  29 days
C)  38 days
D)  26 days
E)  35 daysF) B) and C)
G) A) and D)

Question 9

Activity 7-8 is directly preceded by two activities-activity 5-7 and activity 6-7. Activity 5-7 has an expected time of five and an ES time of six. Activity 6-7 has an expected time of seven and an ES time of seven. Activity 7-8 has an expected time of 10. The ES for activity 7-8 is

Accepted Answer

A)  11.
B)  14.
C)  21.
D)  24.
E)  25.F) A) and E)
G) B) and E)

Question 10

Which of the following is not one of the six key decisions in project management?
(I) Selecting the project team(II) Deciding on the project manager's title(III) Managing and controlling project resources(IV) Deciding which projects to implement(V) Selecting the project manager

Accepted Answer

A)  I
B)  II
C)  III
D)  IV
E)  VF) B) and C)
G) C) and D)

Question 11

Consider the following work breakdown structure:

What is the estimated standard deviation in the time for activity Z?

Accepted Answer

A)  3 days
B)  2 days
C)  4 days
D)  8 days
E)  5 daysF) None of the above
G) A) and D)

Question 12

Which of the following are limitations of PERT and CPM?(I) Time estimates may include a fudge factor.(II) Important activities may be overlooked.(III) It is an after-the-fact analysis.

Accepted Answer

A)  I and II
B)  I, II, and III
C)  I and III
D)  II and III
E)  I onlyF) A) and B)
G) None of the above

Question 13

Consider the following work breakdown structure:

What is the estimated expected (mean) time for activity E?

Accepted Answer

A)  31 weeks
B)  38 weeks
C)  39 weeks
D)  40 weeks
E)  43 weeksF) A) and E)
G) B) and E)

Question 14

Gantt charts are most closely associated with

Accepted Answer

A)  JIT.
B)  PERT.
C)  MRP.
D)  MRPII.
E)  Six Sigma.F) A) and B)
G) B) and E)

Question 15

The path in a network with the average length of time to completion is called the critical path.

Accepted Answer

A) True 
 B)False

Question 16

A project is represented by the following diagram:  The critical path for the network shown is:

Accepted Answer

A)  1-3-6-7.
B)  1-2-4-7.
C)  1-4-7.
D)  1-3-4-7.
E)  1-2-5-7.F) All of the above
G) B) and C)

Question 17

The total cost of crashing any one activity should never exceed 20 percent of the total cost of the original project.

Accepted Answer

A) True 
 B)False

Question 18

Concerning PERT and CPM

Accepted Answer

A)  These are two different names for essentially the same technique.
B)  CPM tends to focus more on the critical path; PERT focuses on the parallel paths.
C)  PERT gives a clearer indication of activity slack, while CPM gives a better picture of path slack.
D)  Because of its recent discovery, much less is known about CPM than PERT.
E)  CPM is useful for project manager selection; PERT is useful for project team selection.F) A) and D)
G) C) and D)

Question 19

At which point does crashing of a project cease?

Accepted Answer

A)  when the project is completed
B)  when no additional crashing is possible
C)  when the cost to crash equals or exceeds the benefit of crashing
D)  when the project is one-half completed
E)  when the team has been disbandedF) A) and B)
G) C) and E) C

Question 20

If two consecutive activities have shared slack, this means that each of them can use only half of the slack without delaying completion of the project.

Accepted Answer

A) True 
 B)False

Exam 17: Project Management

In the execution phase of a project's life cycle, activities are guided by decisions that were made in the __________ phase.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

All of the following are areas of knowledge that a project manager should possess, except

Correct AnswerverifiedShow Answer

Consider the following work breakdown structure: What is the estimated expected (mean) time for activity D?

Correct AnswerverifiedE

If the expected length of a path is more than 2.5 standard deviations less than a desired project completion time, the path will not be a factor in assessing the probability of finishing the project on time.

Correct AnswerverifiedShow Answer

Consider the following work breakdown structure: What is the probability that this project will be completed within 130 days?

Correct AnswerverifiedShow Answer

The latest starting time for an activity is equal to the latest finish time minus the activity time.

Correct AnswerverifiedTrue

Consider the following work breakdown structure: What is the estimated expected (mean) time for activity Y?

Correct AnswerverifiedShow Answer

Activity 7-8 is directly preceded by two activities-activity 5-7 and activity 6-7. Activity 5-7 has an expected time of five and an ES time of six. Activity 6-7 has an expected time of seven and an ES time of seven. Activity 7-8 has an expected time of 10. The ES for activity 7-8 is

Correct AnswerverifiedShow Answer

Which of the following is not one of the six key decisions in project management? (I) Selecting the project team(II) Deciding on the project manager's title(III) Managing and controlling project resources(IV) Deciding which projects to implement(V) Selecting the project manager

Correct AnswerverifiedShow Answer

Consider the following work breakdown structure: What is the estimated standard deviation in the time for activity Z?

Correct AnswerverifiedShow Answer

Which of the following are limitations of PERT and CPM?(I) Time estimates may include a fudge factor.(II) Important activities may be overlooked.(III) It is an after-the-fact analysis.

Correct AnswerverifiedShow Answer

Consider the following work breakdown structure: What is the estimated expected (mean) time for activity E?

Correct AnswerverifiedShow Answer

Gantt charts are most closely associated with

Correct AnswerverifiedShow Answer

The path in a network with the average length of time to completion is called the critical path.

Correct AnswerverifiedShow Answer

A project is represented by the following diagram: The critical path for the network shown is:

Correct AnswerverifiedShow Answer

The total cost of crashing any one activity should never exceed 20 percent of the total cost of the original project.

Correct AnswerverifiedShow Answer

Concerning PERT and CPM

Correct AnswerverifiedShow Answer

At which point does crashing of a project cease?

Correct AnswerverifiedC

If two consecutive activities have shared slack, this means that each of them can use only half of the slack without delaying completion of the project.

Correct AnswerverifiedShow Answer

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E

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True

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C

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