FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 17: Project Management

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 31

Multiple Choice

Review LaterAdd Note

Review Later

What is the estimated expected (mean) time for project completion?

A) 41 days
B) 70 days
C) 100 days
D) 120 days
E) 221 days

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

Correct Answer

verified

Show Answer

Question 32

True/False

Review LaterAdd Note

Review Later

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

A) True
B) False

Correct Answer

verified

Show Answer

Question 33

True/False

Review LaterAdd Note

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

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

What is the estimated slack time for activity D?

Given the network diagram below, determine the probability that the project will finish within 26 weeks of its start.Times on the diagram are in weeks.

What is the estimated expected (mean) time for project completion?

The standard deviation of the critical path is equal to the sum of the standard deviations of all of the activities on the critical path.

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.

Which of the following is not an element of the project management triangle?

Project managers are sometimes able to reduce indirect project costs by increasing direct costs.

Which of the following is not typically treated as part of a project life cycle?

Many activities have slack time; if we add these slack times together, this represents the potential improvement in early completion for the project.

What is the probability that the critical path for this project will be completed within 200 days?

Prepare a crashing plan for the following project that will reduce the project duration by three weeks.

The sum of times of the longest path in a network indicates expected project completion time, and the activities represent the critical activities.

What is the estimated expected (mean) time for project completion?

Project management differs from management of more traditional activities mainly because of:

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

Consider the project depicted by the following A-O-A diagram: