CM Set No - 2

Activities P, Q, and R instantly follow activity M, and their current starting times are 12, 19, and 10. So, what is the latest finishing time for activity M?

• 11

• 10

• 18

• Cannot be determined

The ratio of current assets to current liabilities is known as

• Liquidity ratio

• Current ratio

• Acid-Test (or Quick) ratio

• Debts ratio

In a cash flow series:

• Uniform gradient signifies that an income or disbursement changes by the same amount in

  each interest period

• Either an increase or decrease in the amount of a cash flow is called the gradient

• The gradient in the cash flow may be positive or negative

• All of these

If D is the duration, ES and EF are the earliest start and finish, LS and LF are latest start and latest finish time, then the following relation holds good

• EF = ES + D

• LS = LF? D

• LF = LS + D

• all the above.

Which of the following is an advantage of pert and cpm?

• straightforward concept

• It does not handle the scheduling of resource allocation

• not mathematically complex

• Both straightforward concept & not mathematically complex

The purpose of work break down structure in project planning is mainly to

1. Facilitate and improve the decision making on procurement of resources

2. Relate activities under particular trade specializations to help in organizing for project staff

3. Co-ordinate regarding milestone events across trade specializations to improve the synergy between the trades.

• 1 and 2 only

• 1 and 3 only

• 2 and 3 only

• 1,2 and 3

A project consists of three parallel paths with durations and variances of (10, 4), (12, 4) and (12, 9) respectively. According to the standard PERT assumptions, the distribution of the project duration is

• Beta with mean 10 and standard deviation 2

• Beta with mean 12 and standard deviation 2

• Normal with mean 10 and standard deviation 3

• Normal with mean 12 and standard deviation 3

Critical Path Network helps an engineer

• To concentrate his attention on critical activities

• To divert the resources from non-critical advanced activities to critical activities

• To be cautious for avoiding any delay in the critical activities to avoid delay of the whole project

• All the above

A project has six activities (A to F) with respective activity durations 7, 5, 6, 6, 8, 4 days. The network has three paths A-B, C-D and E-F. All the activities can be crashed with the same crash cost per day. The number of activities that need to be crashed to reduce the project duration by 1 day is:

• 1

• 2

• 3

• 6

What is PERT analysis based on?

• Optimistic time

• Pessimistic time

• Most likely time

• All of the above