MGSC chapter 7 exam 2

What is CPM?

• • A network planning method

• • A project schedule

• • The maximum length of time that an activity can be delayed without delaying the entire project

• • A sequence of activities between the start and finish of a program

Which of the following is NOT a type of information collected by an effective tracking system?

• • Optimistic and pessimistic times

• • Schedule status

• risks

• open issues

Which of the following is LEAST likely to be an option that a project manager would use to alleviate resource problems?

• resource breakdown

• resource acquisition

• resource allocation

• resource leveling

Project managers have several options to alleviate resource problems: resource leveling, resource allocation, and __________.

• • resource acquisition

• resource risk

• resource management

• resource finish time

What does CPM stand for?

• critical path method

• chart precedence management

• critical precedence management

• critical program method

A project manager has enough information to estimate the probability that an activity will be completed on schedule with all of the following EXCEPT which one?

• completion time

• pessimistic time

• optimistic time

• most likely time

A good tracking system will monitor open issues, risks, and __________.

• schedule status

• minimum cost schedule

• the risk management plan

• pessimistic time

With regard to analyzing probabilities, the critical path is __________.

• • the earliest expected finish time for a project

• • divided by two to determine the length of the project

• • the variance of the mean of the project

• • the longest expected finish time for a project

Which of the following is NOT a reasonable time estimate of statistical analysis?

• • Activity time

• pessimistic time

• most likely time

• optimistic time

A Gantt chart is described as which of the following?

• • A project schedule, usually created by the project manager using computer software, that superimposes project activities with their precedence relationships and estimated duration times on a time line

• • A plan that identifies the key risks to a project’s success and prescribes ways to circumvent them

• • A schedule that is determined by starting with the normal time schedule and crashing activities along the critical path, in such a way that the costs of crashing do not exceed the savings in indirect and penalty costs

• • A network planning method