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Exam 17: Project Management

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Question 61

Multiple Choice

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Which of the following are advantages of PERT? (I) It is visual. (II) It is automatically updated. (III) Activities that need to be watched closely can be identified.

A) I and II
B) II and III
C) III only
D) I and III
E) I, II, and III

F) A) and B)
G) All of the above

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Question 62

Multiple Choice

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

A) .8413
B) .90
C) .9544
D) .9772
E) .9987

F) A) and D)
G) A) and C)

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Question 63

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A project has the activities and activity times (days) listed below.Determine the probability that the project will require more than 15 days from start to finish.

The project management strategy of injecting additional resources in order to reduce the length of the project is called:

Once a project is approved and underway, project managers are only responsible for effectively managing time and costs which, if done well, will assure project completion on time and on budget.

Gantt charts are most closely associated with

Using the information given in the following table: (A) Identify the critical path. (B) Determine expected project duration.

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

In PERT, the expected project duration will never exceed the expected duration of the critical path.

The network diagram describes sequential relationships among major activities on a project.

What is the probability that this project will be completed within 205 days?

Activity E has an optimistic time of 9 days, a most likely time of 12 days, and a pessimistic time of 15 days.Estimate its expected time and standard deviation.

The probability of occurrence of risk events is lower near the beginning of a project and higher near the end of the project since very few activities remain.

Once a project is underway, the project manager usually is not responsible for effectively managing:

Determine the amount of slack in each of a project's activities (presented below), and identify those that are on the critical path.

What is the probability that the critical path for this project will be completed within 52 weeks?

What is the probability that this project will take more than 10 weeks to complete if the activity means and standard deviations are as shown below:

A Gantt chart is built using established precedence relationships.

Some organizations use a matrix organization to integrate the activities of specialists within a functional framework.

A hierarchical listing of what must be done in a project is called: