Question 1

Direct costs are assignable directly to a particular ________.

Accepted Answer

work package
Explanation: Dire...

Question 2

Before crashing, direct costs for an activity represent normal costs, which typically mean low-cost, efficient methods for completing the activity in a(n) ________ amount of time.

Accepted Answer

A)  Normal
B)  Budgeted
C)  Optimized
D)  Expected
E)  TargetedF) A) and D)
G) B) and C)

Question 3

Which of the following is NOT one of the more commonly used options for cutting project costs?

Accepted Answer

A)  Reduce project scope
B)  Have owner take more responsibility
C)  Move the completion date further out
D)  Brainstorm cost savings options
E)  Outsource project activitiesF) B) and E)
G) A) and E)

Question 4

One way of reducing project costs is identifying tasks that _________ can do themselves.

Accepted Answer

customers
Explanation: When co...

Question 5

Because direct costs are assumed to be developed from "normal" methods and in a "normal" amount of time, any reduction in activity time should add to the costs of the activity.

Accepted Answer

A) True 
 B)False

Question 6

When determining which activity to crash, there are other factors that should be assessed beyond cost.Which of the following is NOT one of these factors?

Accepted Answer

A)  The inherent risk associated with the activity
B)  How crashing will impact the morale and motivation of the individuals working on that activity
C)  Resource availability after crashing that activity
D)  The level of difficulty involved in completing the activity
E)  When during the project the activity will occurF) A) and B)
G) A) and C)

Question 7

Without any formal planning, the president of a software company remarks in a speech that new technologically advanced software will be available in one year.This may lead to a project that must be done faster than anticipated.The completion date has been __________.

Accepted Answer

imposed
Explanation: Imposed deadlines a...

Question 8

Costs such as labor, materials, equipment, or contractors are examples of ________ project costs.

Accepted Answer

direct
Explanation: Direct cos...

Question 9

An activity's normal time and cost are 5 and $40, respectively.Its estimated crash time and cost are 4 and $70, respectively.This activity's crash cost per time unit is ________.

Accepted Answer

$30
Explanation: Crash cost pe...

Question 10

Which of the following is NOT a technique for accelerating project completion when resources are not constrained?

Accepted Answer

A)  Assign additional staff and equipment
B)  Establish a core team
C)  Do it twice-first fast and then correctly
D)  Reduce project scope
E)  Compromise qualityF) B) and C)
G) C) and D)

Question 11

Intense global competition and rapid technological advances combine to create a(n)________-imposed project duration date.

Accepted Answer

market
Explanation: Intense global compe...

Question 12

In a Project Cost-Duration Graph, total project costs are a sum of

Accepted Answer

A)  Labor, material and equipment costs.
B)  Direct costs plus interest.
C)  Direct labor costs and the project manager's salary.
D)  Direct costs and the project manager's salary.
E)  Direct and indirect costs.F) A) and B)
G) A) and E)

Question 13

Insensitive networks are a rarity; Planning for a sensitive network is more practical.

Accepted Answer

A) True 
 B)False

Question 14

A reasonable, quick comparison between options for compressing activity times is based upon a _______________ assumption.

Accepted Answer

linear
Explanation: For most manager, a ...

Question 15

The direct cost for completing an activity as early as possible is called its ________ cost.

Accepted Answer

crash
Explanation: The direct cost for completing an activity in its crash time is called crash cost.Both normal and crash times and costs are collected from personnel most familiar with completing the activity.

Question 16

Shortening an activity's duration is termed crashing.

Accepted Answer

A) True 
 B)False  True

Question 17

Reducing project duration

Accepted Answer

A)  Involves crashing all activities to their crash point.
B)  Can only be done when resources are not constrained.
C)  Is always more expensive.
D)  Tends to increase network sensitivity.
E)  Should be considered for all projects.F) B) and D)
G) B) and C)

Question 18

Crashing activities on a project network that is sensitive could increase the risk of the project being late.

Accepted Answer

A) True 
 B)False

Question 19

Given an equal level of risk and the need to reduce overall project duration, why would you NOT select the activity with the least slope, in the entire project network, to crash first?

Accepted Answer

If it is not on the critical path crashing it will not reduce project duration.

Question 20

The shortest possible time an activity can be completed realistically is called ___­­­_____ time.

Accepted Answer

A)  Expedited
B)  Accelerated
C)  Crash
D)  Optimistic
E)  OptimalF) B) and C)
G) C) and E)

Exam 9: Reducing Project Duration

Direct costs are assignable directly to a particular ________.

Correct Answerverifiedwork packageExplanation: Dire...View AnswerShow Answer

Before crashing, direct costs for an activity represent normal costs, which typically mean low-cost, efficient methods for completing the activity in a(n) ________ amount of time.

Correct AnswerverifiedShow Answer

Which of the following is NOT one of the more commonly used options for cutting project costs?

Correct AnswerverifiedShow Answer

One way of reducing project costs is identifying tasks that _________ can do themselves.

Correct AnswerverifiedcustomersExplanation: When co...View AnswerShow Answer

Because direct costs are assumed to be developed from "normal" methods and in a "normal" amount of time, any reduction in activity time should add to the costs of the activity.

Correct AnswerverifiedShow Answer

When determining which activity to crash, there are other factors that should be assessed beyond cost.Which of the following is NOT one of these factors?

Correct AnswerverifiedShow Answer

Without any formal planning, the president of a software company remarks in a speech that new technologically advanced software will be available in one year.This may lead to a project that must be done faster than anticipated.The completion date has been __________.

Correct AnswerverifiedimposedExplanation: Imposed deadlines a...View AnswerShow Answer

Costs such as labor, materials, equipment, or contractors are examples of ________ project costs.

Correct AnswerverifieddirectExplanation: Direct cos...View AnswerShow Answer

An activity's normal time and cost are 5 and $40, respectively.Its estimated crash time and cost are 4 and $70, respectively.This activity's crash cost per time unit is ________.

Correct Answerverified$30Explanation: Crash cost pe...View AnswerShow Answer

Which of the following is NOT a technique for accelerating project completion when resources are not constrained?

Correct AnswerverifiedShow Answer

Intense global competition and rapid technological advances combine to create a(n)________-imposed project duration date.

Correct AnswerverifiedmarketExplanation: Intense global compe...View AnswerShow Answer

In a Project Cost-Duration Graph, total project costs are a sum of

Correct AnswerverifiedShow Answer

Insensitive networks are a rarity; Planning for a sensitive network is more practical.

Correct AnswerverifiedShow Answer

A reasonable, quick comparison between options for compressing activity times is based upon a _______________ assumption.

Correct AnswerverifiedlinearExplanation: For most manager, a ...View AnswerShow Answer

The direct cost for completing an activity as early as possible is called its ________ cost.

Correct Answerverifiedcrash Explanation: The direct cost for completing an activity in its crash time is called crash cost.Both normal and crash times and costs are collected from personnel most familiar with completing the activity.

Shortening an activity's duration is termed crashing.

Correct AnswerverifiedTrue

Reducing project duration

Correct AnswerverifiedShow Answer

Crashing activities on a project network that is sensitive could increase the risk of the project being late.

Correct AnswerverifiedShow Answer

Given an equal level of risk and the need to reduce overall project duration, why would you NOT select the activity with the least slope, in the entire project network, to crash first?

Correct AnswerverifiedIf it is not on the critical path crashing it will not reduce project duration.

The shortest possible time an activity can be completed realistically is called ___­­­_____ time.

Correct AnswerverifiedShow Answer

Correct Answer
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work package
Explanation: Dire...
View Answer

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customers
Explanation: When co...
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imposed
Explanation: Imposed deadlines a...
View Answer

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direct
Explanation: Direct cos...
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$30
Explanation: Crash cost pe...
View Answer

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market
Explanation: Intense global compe...
View Answer

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linear
Explanation: For most manager, a ...
View Answer

Correct Answer
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crash Explanation: The direct cost for completing an activity in its crash time is called crash cost.Both normal and crash times and costs are collected from personnel most familiar with completing the activity.

Correct Answer
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True

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If it is not on the critical path crashing it will not reduce project duration.

The shortest possible time an activity can be completed realistically is called ____ time.

Correct Answer
verified