Term
In what way are projects and typical business activities similar?
a. For most companies, projects and typical business activities can be described as routine.
b. Both projects and typical business activities have a defined ending point at which time they are complete.
c. Projects and routine business activities require significant levels of cross-functional and interorganizational coordination.
d. The successful completion of projects and business activities is essential to a firm’s competitive position. |
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Definition
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Term
Project planners develop a broad definition of what the project is and what its scope will be during the:
a. concept phase.
b. project definition phase.
c. planning phase.
d. performance phase. |
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Definition
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Term
The budget estimates made during the concept phase are usually accurate to within:
a. 20 percent.
b. 30 percent.
c. 40 percent.
d. 50 percent. |
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Definition
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Term
An expectation that a new building’s foundation would be poured and cured by the end of the year is an example of a(n):
a. activity.
b. scope.
c. milestone.
d. precedence. |
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Definition
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Term
Work on a project’s constituent activities begins in the project’s:
a. planning phase.
b. concept phase.
c. post-completion phase.
d. performance phase. |
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Definition
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Term
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This Gantt chart can be used to show:
[image]
a. activity D must come before activity C.
b. activity F can be done at the same time as D.
c. activity E can begin as soon as activity A is complete.
d. activities D and B can be done simultaneously.
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Definition
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Term
PERT is an acronym meaning:
a. Project Evaluation and Review Technique.
b. Project Execution and Review Technique.
c. Program Evaluation and Review Technique.
d. Plan Estimation and Review Technique. |
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Definition
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Term
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What is the latest that activity B can start if A is 35 days, B is 5, days C is 6 days, and D is 7 days long?
a. 35
b. 36
c. 40
d. 41
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Definition
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Term
What is the fastest completion time of the project with activity lengths (in days) and precedence requirements as shown in the table?
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Activity
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Length
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Predecessor
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A
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15
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--
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B
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7
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A
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C
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4
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A
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D
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8
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B,C
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a. 22
b. 25
c. 27
d. 30
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Definition
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Term
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A project is comprised of 6 activities that have durations and precedence requirements shown in the table. Which of these activities is not on the critical path?
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Activity
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Length
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Predecessor
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A
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5
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--
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B
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7
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A
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C
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4
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A
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D
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7
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B, C
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E
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7
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B
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F
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6
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D, E
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a. A
b. B
c. C
d. D
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Definition
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Term
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Which of the activities in this project has the greatest amount of slack?
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Activity
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Length
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Predecessor
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A
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7
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--
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B
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4
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A
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C
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8
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A
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D
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3
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B, C
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E
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2
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B
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F
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8
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D, E
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a. B
b. C
c. D
d. E
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Definition
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Term
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The project represented by this network diagram has activity lengths in days and crash costs as shown in the table. What is the cheapest completion cost for the project if the contractor must complete all work in 45 days?
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Activity
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Original Length
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Maximum Reduction
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Crash Cost/Day
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A
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10
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2
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$250
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B
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16
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4
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$400
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C
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12
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3
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$100
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D
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17
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1
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$300
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E
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14
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1
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$300
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F
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6
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2
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$350
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[image]
a. $550
b. $950
c. $1150
d. $1450
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Definition
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Term
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The project represented by this network diagram has activity lengths in days and crash costs as shown in the table. The fixed cost for being on site is $450. What is the lowest total completion cost for the project?
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Activity
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Original Length
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Maximum Reduction
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Crash Cost/Day
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A
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1
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0
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B
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9
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2
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$475
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C
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4
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1
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$350
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D
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8
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2
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$500
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E
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10
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2
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$425
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F
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4
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1
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$300
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[image]
a. $10,600
b. $11,000
c. $11,400
d. $12,000
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Definition
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