Project Management Chapter 9

Without any formal planning, the president of a software company remarks in a speech that new technologically advanced software will be available in one year. This may lead to a project that must be done faster than anticipated. This is an example of reducing project duration caused by

• Imposed project deadlines

• Time to market

• Unforeseen project delays

• High overhead

• Incentive contracts

Intense global competition and rapid technological advances create pressure to develop projects rapidly. This is an example of reducing project duration caused by

• Imposed project deadlines

• Time to market

• Unforeseen project delays

• High overhead

• Incentive contracts

A contractor finished a bridge across a lake 18 months early and received more than $6 million for the early competition. This is an example of reducing project duration caused by

• Imposed project deadlines

• Time to market

• Unforeseen project delays

• High overhead

• Incentive contracts

Adverse weather, design flaws, and equipment breakdown can create negative slack. This is an example of reducing project duration caused by

• Imposed project deadlines

• Time to market

• Unforeseen project delays

• High overhead

• Incentive contracts

In a Project Cost-Duration Graph, total project costs are a sum of

• Labor, material and equipment costs

• Direct costs plus interest

• Direct labor costs and the project manager's salary

• Direct costs and the project manager's salary

• Direct and indirect costs

Which of the following is NOT considered a project indirect cost?

• Supervision

• Consultants

• Equipment

• Interest

• The project manager's salary

As a project is crashed and project duration is reduced, indirect costs typically

• Increase

• Become unstable

• Decrease

• Become unreliable

• Stay the same

Before crashing, direct costs for an activity represent normal costs, which typically mean low-cost, efficient methods for completing the activity in a(n)___amount of time.

• Normal

• Budgeted

• Optimized

• Expected

• Targeted

The shortest possible time an activity can be completed realistically is called___time.

• Expedited

• Accelerated

• Crash

• Optimistic

• Optimal

As a project is crashed and project duration is reduced, direct costs typically

• Increase

• Become unstable

• Decrease

• Become unreliable

• Stay the same