Question 1

When a project manager must reduce project duration but resources are constrained, creating a software program that will have less functionality than originally planned or building a house without the bonus room and the basement that the owner originally specified in the plans would both be examples of

Accepted Answer

A)   fast-tracking.
B)   use critical-chain project management.
C)   reduce project scope.
D)   compromise quality.
E)   do it twice-fast and correctly.

Question 2

When you schedule ________ exclusively, you avoid the additional costs of coordination and communication when new people are added.

Accepted Answer

A)   resources
B)   overtime
C)   contractors
D)   outsourcing
E)   activities

Question 3

Overhead costs such as supervision, administration, consultants, and interest are examples of ________ project costs.

Accepted Answer

A)   direct
B)   budgeted
C)   accumulated
D)   indirect
E)   time-phased

Question 4

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-fast and correctly
D)   Reduce project scope
E)   Compromise quality

Question 5

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

Accepted Answer

A)   budgeted
B)   time-limited
C)   crash
D)   minimal
E)   early completion

Question 6

When it is necessary to reduce project duration and resources are constrained, which of the following is NOT a reasonable option?

Accepted Answer

A)   Establish a core project team
B)   Fast-tracking
C)   Reduce project scope
D)   Compromise quality
E)   Use critical-chain project management

Question 7

Which of the following is not likely to result in an imposed deadline?

Accepted Answer

A)   Design flaws.
B)   Marketing promises the product to the customer within three months.
C)   The president announces availability of the product in one year.
D)   The chief technology officer says, "finish the projects in six months or start packing."
E)   Intense global competition.

Question 8

Indirect costs generally represent overhead costs such as supervision, administration, consultants, and interest.

Accepted Answer

A) True 
 B)False

Question 9

Direct costs are assignable directly to a particular ________.

Accepted Answer

A)   activity
B)   resource
C)   work package
D)   task
E)   milestone

Question 10

Consider the following table of activities that describes a project network. How much reduction in project duration could you get from crashing activity C?

Accepted Answer

A)   0
B)   1
C)   2
D)   3
E)   4

Question 11

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 12

All of the following are disadvantages of scheduling overtime EXCEPT

Accepted Answer

A)   overtime is associated with additional costs of coordination and communication.
B)   sustained overtime work by salaried employees may incur burnout.
C)   productivity is reduced the longer one is working.
D)   more hours results in higher expenses if paying workers hourly.
E)   continued overtime can lead to a higher turnover rate.

Question 13

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

Accepted Answer

A)   expedited
B)   accelerated
C)   crash
D)   optimistic
E)   optimal

Question 14

How would you calculate an activity's slope and what does it represent?

Accepted Answer

An activity's slope is the cos...

Question 15

Consider the following table of activities that describes a project network. After all the crashing you can do is done (assuming you can crash only one activity at a time) , how many paths are critical? Which activities remain noncritical? Would you characterize this network as sensitive or insensitive?

Accepted Answer

A)   Two critical paths, only C is noncritical, insensitive
B)   Three critical paths, only E is noncritical, sensitive
C)   Four critical paths, only D is noncritical, sensitive
D)   Three critical paths, only C is noncritical, sensitive
E)   Two critical paths, only E is noncritical, insensitive

Question 16

Which of the following projects would be least benefited if additional resources were added?

Accepted Answer

A)   Splitting and stacking a cord of wood
B)   Developing new software
C)   Harvesting a crop by hand
D)   Building a cabin
E)   Moving to a new house

Question 17

Intense global competition and rapid technological advances create pressure to develop projects rapidly. This is an example of reducing project duration caused by

Accepted Answer

A)   imposed project deadlines.
B)   time to market.
C)   unforeseen project delays.
D)   high overhead.
E)   incentive contracts.

Question 18

The higher the cost slope of an activity the lower the cost to reduce its duration.

Accepted Answer

A) True 
 B)False

Question 19

The total cost for each time unit of a project is the sum of labor, materials, and equipment.

Accepted Answer

A) True 
 B)False

Question 20

An insensitive project network has the benefit of:

Accepted Answer

A)   Not increasing risk as activities are initially crashed.
B)   Having potential for real cost savings when crashed.
C)   Having potential for significant time savings when crashed.
D)   Having potential for flexible scheduling.
E)   All of these alternatives are correct.

Exam 9: Reducing Project Duration

An insensitive project network has the benefit of:

Correct Answer
verified

Indirect costs generally represent overhead costs such as supervision, administration, consultants, and interest.

Correct Answer
verified

Direct costs are assignable directly to a particular ________.

Correct Answer
verified

The total cost for each time unit of a project is the sum of labor, materials, and equipment.

Correct Answer
verified

Which of the following projects would be least benefited if additional resources were added?

Correct Answer
verified

When it is necessary to reduce project duration and resources are constrained, which of the following is NOT a reasonable option?

Correct Answer
verified

All of the following are disadvantages of scheduling overtime EXCEPT

Correct Answer
verified

When you schedule ________ exclusively, you avoid the additional costs of coordination and communication when new people are added.

Correct Answer
verified

Which of the following is not likely to result in an imposed deadline?

Correct Answer
verified

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

The higher the cost slope of an activity the lower the cost to reduce its duration.

Correct Answer
verified

Overhead costs such as supervision, administration, consultants, and interest are examples of ________ project costs.

Correct Answer
verified

Consider the following table of activities that describes a project network. How much reduction in project duration could you get from crashing activity C?

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

How would you calculate an activity's slope and what does it represent?

Correct Answer
verified
An activity's slope is the cos...
View Answer

Correct Answer
verified

Intense global competition and rapid technological advances create pressure to develop projects rapidly. This is an example of reducing project duration caused by

Correct Answer
verified

Exam 9: Reducing Project Duration

An insensitive project network has the benefit of:

Correct AnswerverifiedShow Answer

Indirect costs generally represent overhead costs such as supervision, administration, consultants, and interest.

Correct AnswerverifiedShow Answer

Direct costs are assignable directly to a particular ________.

Correct AnswerverifiedShow Answer

The total cost for each time unit of a project is the sum of labor, materials, and equipment.

Correct AnswerverifiedShow Answer

Which of the following projects would be least benefited if additional resources were added?

Correct AnswerverifiedShow Answer

When it is necessary to reduce project duration and resources are constrained, which of the following is NOT a reasonable option?

Correct AnswerverifiedShow Answer

All of the following are disadvantages of scheduling overtime EXCEPT

Correct AnswerverifiedShow Answer

When you schedule ________ exclusively, you avoid the additional costs of coordination and communication when new people are added.

Correct AnswerverifiedShow Answer

Which of the following is not likely to result in an imposed deadline?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The higher the cost slope of an activity the lower the cost to reduce its duration.

Correct AnswerverifiedShow Answer

Overhead costs such as supervision, administration, consultants, and interest are examples of ________ project costs.

Correct AnswerverifiedShow Answer

Consider the following table of activities that describes a project network. How much reduction in project duration could you get from crashing activity C?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

How would you calculate an activity's slope and what does it represent?

Correct AnswerverifiedAn activity's slope is the cos...View AnswerShow Answer

Correct AnswerverifiedShow Answer

Intense global competition and rapid technological advances create pressure to develop projects rapidly. This is an example of reducing project duration caused by

Correct AnswerverifiedShow Answer

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

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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An activity's slope is the cos...
View Answer

Correct Answer
verified

Correct Answer
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