Question 1

PERT stands for ________.

Accepted Answer

A)   probabilistic evaluation and review technique
B)   program evaluation and review technique
C)   probability of expected run times
D)   program of expected run times
E)   project evaluation and review techniqueF) A) and B)
G) B) and E)

Question 2

Through the use of PERT/CPM, astute managers can derive flexibility by identifying noncritical activities and replanning, rescheduling, and reallocating resources such as personnel and finances.

Accepted Answer

A) True 
 B)False

Question 3

The project described by:  has a critical path of length of ________.

Accepted Answer

A)   21 days
B)   14 days
C)   23 days
D)   32 days
E)   None of the aboveF) D) and E)
G) A) and D)

Question 4

Given an activity's optimistic, most likely, and pessimistic time estimates of 3, 5, and 13 days respectively, compute the expected time for this activity.

Accepted Answer

A)   3
B)   4
C)   5
D)   6
E)   None of the aboveF) B) and E)
G) C) and D)

Question 5

The first step in planning and scheduling a project is to develop the ________.

Accepted Answer

A)   employee scheduling plan
B)   PERT/CPM network diagram
C)   critical path
D)   work breakdown structure
E)   variance calculations for each activityF) D) and E)
G) B) and D)

Question 6

PERT assumes that the total completion time of a projects follows which of the following probability distributions?

Accepted Answer

A)   normal
B)   exponential
C)   binomial
D)   Poisson
E)   None of the aboveF) All of the above
G) B) and C)

Question 7

Consider a project that has an expected completion time of 50 weeks and a standard deviation of 9 weeks. What is the probability that the project is finished in 57 weeks or fewer? (Round to two decimals.)

Accepted Answer

A)   0.68
B)   0.78
C)   0.22
D)   0.32
E)   None of the aboveF) B) and D)
G) A) and C)

Question 8

With CPM, we are able to calculate the probability of finishing the project within a specified time.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is not a concept associated with CPM?

Accepted Answer

A)   normal time
B)   probability
C)   normal cost
D)   crash cost
E)   deterministic networkF) A) and D)
G) A) and C)

Question 10

Given an activity's optimistic, most likely, and pessimistic time estimates of 4, 14, and 18 days respectively, compute the PERT expected activity time for this activity.

Accepted Answer

A)   14
B)   12
C)   11
D)   13
E)   None of the aboveF) A) and B)
G) All of the above

Question 11

The variance of the project completion time is equal to the sum of the variances of all the activities.

Accepted Answer

A) True 
 B)False

Question 12

In PERT, the most likely completion time of an activity is used to represent that activity's time within a project.

Accepted Answer

A) True 
 B)False

Question 13

The critical path of a network is the

Accepted Answer

A)   shortest time path through the network.
B)   path with the fewest activities.
C)   path with the most activities.
D)   longest time path through the network.
E)   None of the aboveF) A) and D)
G) A) and E)

Question 14

In PERT analysis, the probability of the optimistic time occurring should be on the order of ________.

Accepted Answer

A)   1/2
B)   1/3
C)   1/6
D)   1/10
E)   1/100F) B) and D)
G) C) and E)

Question 15

The process of smoothing out the utilization of resources in a project is called

Accepted Answer

A)   CPM.
B)   PERT.
C)   project crashing.
D)   work breakdown structure.
E)   resource leveling.F) A) and E)
G) C) and D)

Question 16

Table 12-4
The following represents a project with known activity times. All times are in weeks. 
-Using the data in Table 12-4, what is the latest possible time that C may be started without delaying completion of the project?

Accepted Answer

A)   0
B)   4
C)   8
D)   10
E)   None of the aboveF) B) and C)
G) A) and B)

Question 17

Given the following small project, the critical path is ________ days.

Accepted Answer

A)   10
B)   14
C)   16
D)   20
E)   None of the aboveF) C) and E)
G) A) and E)

Question 18

Table 12-4
The following represents a project with known activity times. All times are in weeks. 
-Using the data in Table 12-4, determine the latest time activity A can be started without delaying the project completion.

Accepted Answer

A)   4
B)   3
C)   8
D)   6
E)   None of the aboveF) A) and E)
G) A) and D)

Question 19

Given an activity's optimistic, most likely, and pessimistic time estimates of 1, 9, and 23 days respectively, compute the PERT expected activity time for this activity.

Accepted Answer

A)   10
B)   12
C)   9
D)   11
E)   None of the aboveF) A) and D)
G) C) and D)

Question 20

The first step in planning and scheduling a project is to develop the work breakdown structure.

Accepted Answer

A) True 
 B)False

Exam 12: Project Management

Table 12-4 The following represents a project with known activity times. All times are in weeks. -Using the data in Table 12-4, determine the latest time activity A can be started without delaying the project completion.

Correct AnswerverifiedShow Answer

Consider a project that has an expected completion time of 50 weeks and a standard deviation of 9 weeks. What is the probability that the project is finished in 57 weeks or fewer? (Round to two decimals.)

Correct AnswerverifiedShow Answer

The variance of the project completion time is equal to the sum of the variances of all the activities.

Correct AnswerverifiedShow Answer

Given an activity's optimistic, most likely, and pessimistic time estimates of 4, 14, and 18 days respectively, compute the PERT expected activity time for this activity.

Correct AnswerverifiedShow Answer

The first step in planning and scheduling a project is to develop the ________.

Correct AnswerverifiedShow Answer

Table 12-4 The following represents a project with known activity times. All times are in weeks. -Using the data in Table 12-4, what is the latest possible time that C may be started without delaying completion of the project?

Correct AnswerverifiedShow Answer

The process of smoothing out the utilization of resources in a project is called

Correct AnswerverifiedShow Answer

The project described by: has a critical path of length of ________.

Correct AnswerverifiedShow Answer

In PERT analysis, the probability of the optimistic time occurring should be on the order of ________.

Correct AnswerverifiedShow Answer

With CPM, we are able to calculate the probability of finishing the project within a specified time.

Correct AnswerverifiedShow Answer

Which of the following is not a concept associated with CPM?

Correct AnswerverifiedShow Answer

Given the following small project, the critical path is ________ days.

Correct AnswerverifiedShow Answer

PERT stands for ________.

Correct AnswerverifiedShow Answer

PERT assumes that the total completion time of a projects follows which of the following probability distributions?

Correct AnswerverifiedShow Answer

The first step in planning and scheduling a project is to develop the work breakdown structure.

Correct AnswerverifiedShow Answer

Given an activity's optimistic, most likely, and pessimistic time estimates of 3, 5, and 13 days respectively, compute the expected time for this activity.

Correct AnswerverifiedShow Answer

In PERT, the most likely completion time of an activity is used to represent that activity's time within a project.

Correct AnswerverifiedShow Answer

Given an activity's optimistic, most likely, and pessimistic time estimates of 1, 9, and 23 days respectively, compute the PERT expected activity time for this activity.

Correct AnswerverifiedShow Answer

Through the use of PERT/CPM, astute managers can derive flexibility by identifying noncritical activities and replanning, rescheduling, and reallocating resources such as personnel and finances.

Correct AnswerverifiedShow Answer

The critical path of a network is the

Correct AnswerverifiedShow Answer

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