SY53102FP PM Chapter 3

What are the four types of dependencies between activities or tasks?

• Finish-to-Start, Start-to-Start, Finish-to-Finish, Start-to-Finish

• Begin-to-End, End-to-Begin, Begin-to-Begin, End-to-End

• Open-to-Close, Close-to-Open, Open-to-Open, Close-to-Close

• Initial-to-Final, Final-to-Initial, Initial-to-Initial, Final-to-Final

What does CPM stand for in project management?

• Critical Path Method

• Cost Planning Management

• Comprehensive Project Model

• Customer Priority Matrix

What does PERT stand for in project management?

• Program Evaluation and Review Technique

• Project Execution and Resource Timing

• Performance Evaluation and Reporting Tool

• Planning Estimate and Resource Tracking

What is a Gantt chart used to illustrate?

• Project schedule

• Project budget

• Project risk

• Project resource

What are the three common types of procurement contracts?

• Fixed-price, Cost reimbursable, Time and material

• Lump sum, Percentage, Hourly rate

• Project-based, Task-based, Resource-based

• Short-term, Medium-term, Long-term

What does AOA stand for in network diagrams?

• Activity-on-Arrow

• Analysis of Activities

• Arrow on Activity

• Arrangement of Actions

What is the formula for calculating PERT weighted average?

• (Optimistic time + 4 x most likely time + Pessimistic time) / 6

• (Optimistic time + Most likely time + Pessimistic time) / 3

• (4 x Optimistic time + Most likely time + Pessimistic time) / 6

• (Optimistic time + Most likely time + 4 x Pessimistic time) / 6

What is the significance of the critical path in a project?

• It determines the budget allocation for the project.
• It outlines the project team roles and responsibilities.
• It provides a list of all project stakeholders.
• The critical path is significant because it identifies the essential tasks that directly impact the project's completion time.

Why is a make or buy analysis performed during procurement planning?

• To analyze employee satisfaction with procurement processes.
• To assess the environmental impact of production.
• To evaluate the quality of suppliers only.
• To determine the most cost-effective and strategic option for acquiring goods or services.

Why is it important to identify dependencies between activities in project planning?

• It is important to identify dependencies to ensure proper sequencing of tasks and to avoid delays in project execution.
• To ensure all team members are working independently.
• To increase the number of tasks in the project.
• To simplify the project budget and reduce costs.