IB Business Management MCQ QuizIB_Business_Management_Critical p

Identify the most common purpose of critical path analysis.

• To effectively delayer an organization

• To determine methods to return to solvency

• To improve efficiency of the production process

• To safely enter a new international market

In critical path analysis, what does the term “float” refer to?

• The earliest start time of an activity

• The latest finish time of an activity

• The time an activity can be delayed without delaying the project

• The total time required to complete a project

In a network diagram, what does an arrow represent?

• A dependency between activities

• The duration of an activity

• The earliest start time of an activity

• The latest finish time of an activity

Identify the missing labels from the image below:

• (a) activity duration, (b) earliest start time, (c) latest finishing time

• (a) earliest start time, (b) activity duration, (c) latest finishing time

• (a) node number, (b) activity duration, (c) latest finishing time

• (a) node number, (b) earliest start time, (c) latest finishing time

Identify the term used to describe the difference between the earliest start time and the latest finishing time for any given node in a network diagram.

• Dummy activity

• Duration

• Earliest start time

• Float

Identify the statement that best describes a dummy activity in critical path analysis.

• A false activity that is planned but unlikely to be needed or completed

• A logical dependency between two indirectly linked tasks

• A major activity that consumes more than 50% of the project length

• A simple activity that can be completed by anyone with the organization

Identify the part of a critical path diagram used to show tasks/activities in the project.

• Arrow heads

• Circles

• Lines

• Numbers

Identify the false statement about the network diagram below.

• Activity A and C can begin at the same time

• Activity D cannot begin until activity B is completed

• Activity E cannot begin until activities C and D are completed

• Activity H cannot begin until activities D and E are completed

Identify the logical project instructions that match the critical path diagram below:

• Activity Preceded by A B B D C E

• Activity Preceded by A - B A C - D A, B E C

• Activity Preceded by A B A C B D C E C, D

• Activity Preceded by A - B A C - D B E C

Identify the method to calculate the free float.

• EST of next node – Task duration – EST of current node

• EST of present node – Task duration – EST of next node

• LFT of current node – Task duration – EST of current node

• LFT of next node – Task duration – EST of current node