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Exam 24: Project Management

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Question 51

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What is the total cost of reducing the project to 18 weeks? 11eab92b_c478_9370_99e6_ff29173699cf

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Total cost...

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Question 52

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In crashing this project,which activity is the first to be reduced 11eab92b_c478_6c5c_99e6_8ba485fd2ad1

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A costs $8,000,D cos...

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Question 53

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The latest starting time for an activity is equal to the latest finish time minus the activity time.

Which of the following is not an advantages of CPM/PERT?

Scope creep refers to the tendency for projects to take longer than planned.

The earliest finish time for an activity is equal to the latest finish time minus the activity time.

The owner of Ace Building Co.is about to begin work on a project comprised of the following four activities: What is the estimated expected (mean) duration for project completion?

Which of the following is used to compute the earliest finish times once the earliest start times are calculated for an activity on a precedence network?

What is the critical path for this project network? 11eab92b_c478_4547_99e6_511656fcc313

A project manager for Durable Construction Co.is about to build a house involving the following six activities: What is the estimated standard deviation of the duration for activity E?

In "crashing",a project manager will generally focus on activities which:

Uncontrolled changes to a project is called:

For the PERT/CPM technique,completing the backward pass includes making the latest finish (LF)equal to the earliest finish (EF)for the end activity.

The manager of a National Forest is about to undertake a reforestation project in a burned out area.The project will involve the following six activities: What is the estimated slack time for the path U-W-Z?

Determine the amount of slack in each of a project's activities (see the list below),and identify those which are on the critical path. 11eab92b_c477_d00c_99e6_b5da5d6cfdf6

Deterministic networks use three duration estimates for each activity in order to best determine the activity's estimated duration.

Within what amount of time (in weeks)is there a 90% probability that the critical path for this project will be completed? 95%? 99%? 11eab92b_c478_6c5a_99e6_a9bae40ac5bd

There are four activities on the critical path.Coincidentally,the standard deviations for their durations are all equal to 4.The standard deviation of the duration for the critical path is therefore equal to:

The principal advantage a Gantt chart has over other project scheduling techniques is:

What activities make up the critical path? 11eab92b_c478_6c5b_99e6_a72e7a6faa52