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Exam 4: Project Management

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Question 1

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A project starts out as which of the following?

A) A statement of work
B) Critical path method (CPM)
C) A series of milestones
D) A Gantt chart
E) A latest-start-time estimate

F) A) and E)
G) A) and D)

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Question 2

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What is that sequence of activities that consume the longest amount of time in a project network of activities called? _______________________________

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the critical path
Explanation:...

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Question 3

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What do the initials EVM stand for? _______________________________________

Complex projects are often subdivided into a series of tasks that are typically configured to be not longer than several months in duration.

A project may be defined as a series of related jobs directed toward some major output and requiring a significant period of time to perform.

For an activity in a CPM analysis, the early finish time is 20 and the late finish time is 20.Which of the following statements is true?

The activity direct costs associated with a project might include giving workers overtime to complete a project in less than the expected time.

You have collected the data for a time-cost CPM scheduling model analysis.The time is in days and the project "direct costs" are given here. The indirect costs for the project are determined on a daily duration basis.If the project lasts 16 days, the total indirect costs are $400; 15 days, they will be $250; 14 days, they will be $200; and 13 days, they will be $100.If you crash this project by one day what is the total (i.e., direct and indirect) project cost? ____________________ E.A costs $100/day to crash, D costs $150/day to crash, and E costs $400/day to crash.Reducing the duration of A by one day at an additional cost of $100 is the most economical.Direct costs are now $400 + $100 + $200 + $400 + $500 + $200 + $100 = $1,900.Overall duration of the project is 15 days, and indirect costs are $250.The total cost of crashing this project for one day is $2,150.

Here are the data for a time-cost CPM scheduling model analysis.The time is in days and the costs include both direct and indirect costs. What are the total time of this project and total normal cost?

The second step in managing a project is writing the statement of work.

What is a work breakdown structure?

In CPM analysis, it is generally expected that the relationship between activity direct costs and project indirect costs will be which of the following?

You have been placed in charge of a large project.Shortened communication lines are required to ensure quick resolution of problems as they arise.You recognize that the project is going to take a lot of time and require a lot of team pride, motivation, and commitment by all members.Which project management structure should you use in this situation?

Project management can be defined as planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project.

A series of projects that are organized in such a way that each project utilizes people from different functional areas is using which of the following organizational structures?

You are managing a project and need to cut the cost of the project.You decide to transfer workers to another job to cut the project's costs.Costs associated with transferring the workers are an example of project indirect costs.

When reducing the planned duration of a project using the time-cost CPM model, we select the activity to crash by determining the cost of each alternative and selecting the one whose cost is the greatest.

Popular project management software used in mid-sized projects is

Here are the data for a time-cost CPM scheduling model analysis.The time is in days and the costs include both direct and indirect costs. If you crash this project to reduce the total time by one day, what is the total time of the project and total cost?

A disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.