Project Management Italy, Summer 2013 Quiz #1 Name: __________________________ Please print clearly Please CIRCLE correct answers Each question is worth FIVE points. 1. Which of the following is the project life cycle order for a project? a. Defining, planning, delivering, executing, assigning resources. b. Defining, planning, assigning resources, executing, delivering. c. Defining, planning, assigning resources, delivering, executing. d. Defining, planning, delivering, assigning resources, executing. e. Defining, executing, planning, delivering, assigning resources. f. Defining, assigning resources, planning, delivering, executing. 2. Which of the following two or three are true statements about a project? a. Unique objective to be accomplished every time. b. Short time period. c. Start and stop date. d. Limited to 2-3 specialty departments. e. Unlimited budget. f. Customer requirements. 3. Which of the following are true statements about project selection? a. Financial assessment gives an idea about ROI. b. Project classification can prioritize projects. c. Project weighting method can select project to advance. d. Financial assessment uses relative importance. e. Matrix method uses weights and objectives. f. Risk is important to consider. 4. TRUE FALSE The project duration is determined by the backward pass. 5. TRUE FALSE Selecting the smallest value in the backward pass represents starting as late as possible. 6. Lag Problem. Perform the forward and backward passes on the project network below. a. What is the early finish for this project network? ________ b. What is the critical path? Use the notation such as XSF – YF – ZS 1 Project Management Italy, Summer 2013 Room Remodel 1.1.1.1 1.1.1.2 2 Quiz #1 Electrical 1.1.1.1.1 Planning 6 da Electrician $200 $1,200 1.1.1.1.2 Place Order 1 da Purchasing $200 $200 1.1.1.1.4 Prepare Room 3 da Construction $200 $600 1.1.1.1.5 Layout Wiring diagram 3 da Electrician $200 $600 1.1.1.2.1 Order Drywall 1 da Purchasing $300 $300 1.1.1.2.3 Install new drywall 2 da Construction $640 $1,280 1.1.1.2.4 Install Wiring 2 da Electrician $500 $1,000 Drywall Answer the following questions by referring to the table above: 7. TRUE FALSE The table above represents Project work break down. 8. The rollup for the Drywall is ___________ 9. A department specialty in this project is a. Planning and placing Order b. Drywall c. Construction 10. You are a department director who is concerned about the cost of (best answer): a. Construction b. Drywall c. Planning 11. TRUE FALSE A cost account is the combination of all the tasks to produce a subdeliverable. 12. TRUE FALSE A cost account above would be the three electrician tasks totaling $2,800. 13. Which of the following is true for the Construction? a. Cost account is Electrical and Prepare Room for $600. b. Cost account is Drywall and the three tasks of Order Drywall, Install new drywall and Install Wiring. c. There are two cost accounts for the Electrical and the multiple tasks listed for Electrician, Purchasing and Construction. 14. How many total cost accounts are there in the above Room Remodel project? _______ End of Cost account questions 15. What is the objective to accomplish with a time-constrained project? a. Minimize the demand of tasks on the use of resources. b. Minimize the hills/valleys so the project will not be late. c. Minimize the excess use of resources in a project. 16. True False Over-allocation means more work than resources in the project. 17. True False In resource-constrained projects, the objective is to level hills and valleys to not be late. 18. True False In resource-constrained projects, the objective is to utilize resources most efficiently. Project Management Italy, Summer 2013 Quiz #1 3 19. True False In a time-constrained project, you can lower your cost by allocating resources using total slack. 20. TRUE FALSE In a time-constrained project, your objective is to minimize the finish time of the project. 21. Which task in the above resource-constrained solution (the loading table) is ONLY resource dependent? ______ 22. In the network Gantt chart above, why does task #3 lose its slack? a. It waits for #2 to release resource B and uses up its slack by waiting. b. It waits for #1 to finish, which must come before both #2 and #3. c. It is predecessor to #4, which must wait for both #2 and #3 to finish. 23. In the network diagram above, which task should be scheduled first, as a general rule? a. #2 because it has the least slack. b. #2 because it has a longer duration. c. #3 because it has the shorter duration. d. #3 because it has slack. 24. TRUE FALSE Task #2 would gain slack If we would schedule Task #3 to start before Task #2. 25. Why would we want to schedule tasks on the critical path first? a. Minimizing the delay of the critical path will make the project EF have least delay. b. Minimizing the delay on the critical path will minimize the project slack. c. We want to minimize the slack on the critical path to keep it on schedule. Project Management Italy, Summer 2013 Quiz #1 26. In the network below, the TS for Task D = 2 because: a. It is less than the free slack of Task K. b. Task J finishes two days earlier than the start of Task L. c. Difference between start times of Task I and J is 2 (13 – 11). 27. TRUE FALSE Total slack = early start – late start. 28. In the network above, how many days can Task C be late before making the project late? a. 4 days because of free slack b. 2 days because of total slack c. 4 days because Task G is on the critical path. d. 0 days because Task G has zero slack. e. 0 days because Task A has zero slack 29. TRUE FALSE Total slack is flexibility before you will make the project late. 30. TRUE FALSE The total slack = the sum of the free slack along a sub-path. 4
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