QUEST A line manager provides you with three estimates for his activity in your PERT network. His estimates are 2 weeks optimistically, 4 weeks most likely, and 12 weeks pessimistically. The expected time which would appear on the chart would be:
A 4 weeks
B 5 weeks
C 6 weeks
D 7 weeks
E None of the above.
B
QUEST Management has decided to "crash" a project in order to avoid penalty payments for late deliveries. To crash the project, either overtime or additional resources should be assigned to:
A All activities.
B Only those activities with the longest time durations.
C Those activities on the critical path begining with the longest time duration activities.
D Those activities with the greatest degree of risk.
E None of the above.
C
QUEST A network has been developed with resources from six different departments. One of the six departments has just informed you that they can increase the number of employees from 5 to 8. This will result in:
A A shortening of the critical path.
B A shortening of the noncritical path.
C A decrease in the total cost of the project.
D An increase in the cost of the project.
E A through D are possible based upon where the resources are deployed.
E
QUEST Bar charts are most appropriate for:
A Comparing actual to planned performance to each activity.
B Showing slack time.
C Showing critical path dependencies.
D Showing which activities can be rearranged in parallel.
E All of the above.
A
QUEST A non-critical path activity is completed in half the time. Then,
A The critical path is also reduced.
B The slack in the path containing this activity will increase.
C The total cost for this activity has decreased.
D Manpower from this activity can be assigned to other activities.
E All of the above.
B
QUEST Once the logic of a network is laid out, the project manager will conduct a forward pass and backward pass through the network. This will provide information on the _____ and identification of the _____ .
A Slack for each activity, critical path.
B Slack for each activity, high risk activities.
C Manpower shortages, high risk activities.
D High risk activities, non-critical paths.
E Manpower availability, contingency plans.
A
QUEST ADM is an activity-on-arrow method. In this method, a dummy activity:
A Denotes a critical path relationship.
B Denotes any dependency relationship.
C Shows slack.
D Identifies customer deliverables dates.
E Identifies customer team meeting dates.
B
QUEST The starting point in the development of a top-down PERT/CPM chart is the _____ .
A Project specification tree.
B Customer's deliverable list.
C Customer's milestone dates.
D Work breakdown structure.
E Listing of customer team meeting dates.
D
QUEST The critical path in a network is the path that:
A Has the greatest degree of risk.
B Will elongate the project if the activities on this path take longer than anticipated.
C Must be completed before all other paths.
D All of the above.
E A and B only.
B
QUEST The major difference between PERT and CPM networks is:
A PERT requires three time estimates whereas CPM requires one time estimate.
B PERT is used for construction projects whereas CPM is used for R & D.
C PERT addresses only time whereas CPM also includes cost and resource availability.
D PERT requires computer solutions whereas CPM is a manual technique.
E PERT is measured in days whereas CPM uses weeks or months.
A
QUEST A calendar that identifies when a project may be performed on an activity is called a:
A Project calendar.
B Resource calendar.
C Milestone point.
D Key point.
E Work unit.
A
QUEST Planning activities such that predetermined resource availability pools are not exceeded is called:
A Resource leveling.
B Manpower leveling.
C Resource limited planning.
D Manpower planning.
E Manpower contingency planning.
C
QUEST A comparison of completion status to baseline is referred to as _____.
A Earned value measurement.
B Percent complete.
C ACWP.
D BCWS
E None of above.
A
QUEST The logical relationship that communicates a delay between the start/finish of one activity and the start/finish of another activity is referred to as:
A Slack
B Free float.
C Restricted float.
D Level float.
E Lag
E
QUEST Overlapping activities on a project, such as design and construction, is referred to as:
A Fast tracking
B Risk conversion.
C Parallel management.
D Process improvement.
E Synchronous manufacturing
A
QUEST A computer tape which contains historical project information is called ____ tape.
A Database
B Baseline.
C Archive.
D Lessons learned.
E Life cycle summary.
C
QUEST Which method shown below is acceptable for reducing cost or shortening the schedule?
A "Crashing"
B Changing scope.
C Performing activities in parallel rather than in series.
D All of the above.
E A and C only.
D
QUEST In general, attempts to smooth out period to period resources will _____ the scheduled time and _____ project costs.
A Increase, decrease.
B Increase, increase
C Increase, increase or decrease.
D Decrease, decrease.
E Decrease, increase.
B
QUEST Assigning resources in an attempt to find the shortest project schedule consistent with fixed resource limits is called resource _____.
A Allocation.
B Partitioning
C Leveling
D Quantification.
E None of above.
A
QUEST Smoothing out resource requirements from period to period is called resource _____.
A Allocation.
B Partitioning
C Leveling.
D Quantification
E None of above.
C
QUEST Guidelines for estimating time durations include:
A Assuming a normal level of labor and equipment.
B Assuming a normal work week.
C Using consistent time units
D Using past actual durations as guides.
E All or part of each of the above.
E
QUEST Which of the following networking methods allows us to show that the last 10% of one element cannot be completed until 62% of a previous element has been completed?
A PERT
B ADM
C PDM
D All of the above.
E A and C only.
C
QUEST In the PDM, common constraints include:
A Start-to-start
B Finish-to-start
C Finish-to-finish
D B and C only
E A, B, and C.
E
QUEST Activities with zero time duration are referred to as:
A Critical path activites.
B Noncritical path activities.
C Slack time activities.
D Dummies
E None of above.
D
QUEST In the arrow diagramming method (ADM), _____ do not consume time or resources.
A Events.
B Activities
C Slack elements.
D B and C only.
E All of the above.
A
QUEST On a precedence diagram, the arrow between two boxes is called:
A An activity.
B A constraint.
C An event.
D The critical path.
E None of above.
B
QUEST A project element which lies between two events is called:
A An activity.
B A critical path method.
C A slack milestone.
D A timing slot.
E A calendar completion point.
A
QUEST The basic terminology for networks includes:
A Activities, events, manpower, skill levels and slack.
B Activities, documentation, events, manpower and skill levels.
C Slack, activities, events, and time estimates.
D Time estimates, slack, sponsorship involvement, and activities.
E Time estimates, slack time, report writing, life cycle phases, and crashing times.
C
QUEST The utility of network-based schedules:
A Reveals interdependencies.
B Facilitates "what if" exercises.
C Highlights critical activities.
D Provides information on resource requirements, time requirements and tradeoffs.
E All of the above.
E
QUEST The major disadvantage of a bar chart is:
A Lack of time-phasing.
B Cannot be related to calendar dates.
C does not show activity interrelationships.
D Cannot be related to manpower planning.
E Cannot be related to cost estimates.
C
QUEST The most common types of schedules are Gantt charts, milestone charts, line of balance, and:
A Networks.
B Time phased events.
C Calendar integrated activities.
D A and C only.
E B and C only.
A
QUEST Scheduling is the process by which decisions are made concerning:
A Tasks to be accomplished.
B Personnel/organization that will be assigned to accomplish the task.
C Time when the tasks are to be completed.
D All of the above.
E A and C only.
E
QUEST Time management is the allocation of time in a project's life cycle through the process of:
A Planning
B Estimating.
C Scheduling.
D Controlling
E All of the above.
E
QUEST Using the situation shown in the Special window and assuming continues efficiency for work-in-progress and fixed price contract for task four. The estimate at completion is:
A $19K
B $21K
C $26K
D $29K
E indeterminate
C
QUEST Using the situation stated in the Special window, a comparison of the cost variance of August as compared to July shows that the magnitude ($ value) of the variance has _____ and the percentage change has _____.
A Become worse, become worse
B Become worse, improved
C Improved, increased
D Improved, become worse
E None of the above are correct
B
QUEST The computation for Cost Performance Index is:
A BCWP/ACWP
B BCWP-ACWP
C BCWP-BCWS
D ACWP/BCWP
E ACWP-BCWS
A
QUEST When comparing the cost of competing projects, which of the following is typically NOT considered?
A Opportunity costs.
B Direct costs.
C Sunk costs.
D Indirect costs.
E Burden rates.
C
QUEST The Cost Performance Index (CPI) measures:
A cost of work performed vs planned costs.
B work performed vs cost of work performed.
C work performed vs planned work.
D direct costs vs indirect costs.
E floating costs vs. sunk costs.
B
QUEST Parametric estimates are based on variables such as:
A Detailed planning and cost restraints.
B Physical characteristics and historical data.
C The WBS and similar projects.
D Project objectives and manpower allocations.
E Precise measurements and multiple inputs.
B
QUEST Cost and schedule data are usually integrated because:
A optimized project cash flow can affect financial requirements
B they provide MIS with an integrated system to produce reports
C they control escalation allowances
D they account for omissions in the definitive estimate
E they predict future performance
E
QUEST Continually measuring and monitoring the actual cost versus the budget is done to _____.
A analyze the reasons for variances
B establish the variances
C identify the problems
D All of the above.
E None of the above.
D
QUEST Using the cumulative cost curve in the special window, height B represents
A actual cost to date
B total budgeted costs for the project
C planned cost for month 6
D cost variance
E earned value
B
QUEST Value engineering/Analysis is the systematic use of techniques which does not include _____.
A establishing values for required functions
B provide the required functions at the lowest overall cost.
C identifies the required function of an item
D seeks to trade performance for cost
E None of the above.
D
QUEST The ability to achieve cost savings is inversely proportional to _____.
A the earned value achieved to date
B the estimated costs to complete
C empowerment to the P.M.
D productivity
E None of the above.
A