- Description
OPS 571 Wk 4 – Apply: Week 4 Exam
Complete the Week 4 Exam in McGraw-Hill Connect.
One of the assumptions made using CPM is that project activities can be identified with clear beginning and ending points.
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?
Multiple Choice
Total time is 13 days, total cost is $1,200.
Total time is 12 days, total cost is $1,700.
Total time is 11 days, total cost is $1,600.
Total time is 10 days, total cost is $1,750.
Total time is 9 days, total cost is $1,700.
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.
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.
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?
Multiple Choice
Matrix project
Integrated task force
Functional project
Pure project
Cross-functional flexible team
A project can be subdivided into which of the following?
Multiple Choice
Job orders
Sub-jobs
Work packages
Sub-paths
Events and decisions
A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented here:
Using CPM, which activities have slack in this project?
Multiple Choice
A, B, C
B, D
Only C
C, E
F, G
A matrix project attempts to blend properties of functional and pure project structures.
You are looking at a chart that has the terms BCWS, BCWP, and AC indicating lines on the chart. What kind of chart are you looking at?
Multiple Choice
Gantt chart
PERT chart
Bar/milestone chart
Total program cost breakdown
EVM chart
In the time-cost CPM model, cost is assumed to be a linear function of time.
The Gantt chart is an example of a project control chart.
CPM is an abbreviation for critical path method.
A simple project listing of five activities, their predecessors, and their respective time estimates are presented here:
Using CPM, what is the latest finish time for the last activity in this project (i.e., the total time to complete the project)?
Multiple Choice
10 days
7 days
8 days
12 days
9 days
Upper-level management must decide between pure, functional, and matrix structures as ways to organize projects.
In a CPM analysis, if you subtract the late finish from the early finish, the result is the activity’s slack time.
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.
A simple project listing of five activities and their respective time estimates are presented here:
Using CPM, which activities make up the critical path?
Multiple Choice
A, C, D, E
A, B, D, E
A, C, B, D, E
A, D, E
None of these
Derivative projects are those that address incremental changes to products or processes.
A simple project listing of five activities, their predecessors, and their respective time estimates are presented here:
Using the CPM, which activities have slack in this project?
Multiple Choice
A
B
C
D
C and E
Calculating the early start and early finish times for each activity in a CPM analysis does not provide any useful information.
An advantage of a pure project where self-contained teams work full time on a project is which of the following?
Multiple Choice
Team members can work on several projects.
Functional area is a “home” after the project is completed.
There are duplicated resources.
Lines of communication are shortened.
Overall organizational policies and goals can be ignored.
Which of the following is a graphic project report used in project management?
Multiple Choice
Project proposal
Approved project plan
Humphrey chart
Equipment and supplies chart
Cost and performance tracking schedule
A work breakdown structure is used in project management but it is not used when the critical path method is involved.
Project management can be defined as planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project.
The activity direct costs associated with a project might include giving workers overtime to complete a project in less than the expected time.