Question 1

Which of the following correctly calculates an activity's cost slope?

Accepted Answer

A)  (normal cost-crash cost) /(normal time-crash time) 
B)  (crash cost-normal cost) /(normal time-crash time) 
C)  (normal time-crash time) /(crash cost-normal cost) 
D)  (normal time-crash time) /(normal cost-crash cost) 
E)  (crash cost-normal cost) /(crash time-normal time)

Question 2

An activity's cost slope represents an activity's

Accepted Answer

A)  Total cost per unit of time
B)  Cost per unit of time
C)  Indirect cost per unit of time
D)  Both B and C are correct
E)  A, B, and C are all correct

Question 3

If a network has several critical or near-critical paths it is deemed to be:

Accepted Answer

A)  Well planned
B)  The lowest cost alternative
C)  Resource-constrained
D)  Sensitive
E)  Insensitive

Question 4

An activity's crash costs include ____ costs.

Accepted Answer

A)  Direct
B)  Indirect
C)  Overhead
D)  Both A and B are correct
E)  A, B, and C are correct

Question 5

Low-cost, realistic, efficient methods for completing an activity under normal conditions are supported by ____ time.

Accepted Answer

A)  Normal
B)  Budget
C)  Optimized
D)  Expected
E)  Target

Question 6

A project network is classified as sensitive if it has a large number of interacting paths.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Crashing a more expensive activity may be wise if fewer inherent risks are involved.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is the easiest method for shortening project time?

Accepted Answer

A)  Assigning additional staff and equipment
B)  Subcontract work
C)  Schedule overtime
D)  Reduce project scope
E)  Reduce the quality

Question 10

Imposed project durations almost always leads to a higher-cost project than one planned with detailed scheduling of all the project's activities.

Accepted Answer

A) True 
 B)False

Question 11

A positive situation where moving toward the optimum time can result in very real, large savings-this occurs when the network is:

Accepted Answer

A)  Insensitive
B)  Sensitive
C)  Ahead of schedule
D)  Shifting to the critical chain
E)  Implementing a fast-tracking system

Question 12

A contractor finished a bridge across a lake 18 months early and received more than $6 million for the early completion.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 13

According to Brooks' Law, adding more people to a late project is most likely to have which of the following impact?

Accepted Answer

A)  Keep the project from slipping any further
B)  Get the project back on schedule
C)  Make the project slips further
D)  Both A and B are correct
E)  None of these relate to Brooks' Law

Question 14

Given that an activity's normal time and cost are ten days and $400, and its crash time is five days and $800, what is the activity's slope?

Accepted Answer

(crash cost-normal c...

Question 15

Direct costs are so named because they can be assigned directly to a work package and activity.

Accepted Answer

A) True 
 B)False

Question 16

To shorten the duration of a project the project manager should limit the choices of activities to just those which ________.

Accepted Answer

are on the critical path
Explanation: So...

Question 17

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

Accepted Answer

indirect
Explanation: Indirect...

Question 18

Intense global competition and rapid technological advances create pressure on developing 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 19

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)  Moving the completion date further out
D)  Brainstorming cost savings options
E)  Outsourcing project activities

Question 20

The less steep the cost slope of an activity, the

Accepted Answer

A)  Less it costs to shorten one time period
B)  More it costs to shorten one time period
C)  Smaller the crash time
D)  Larger the crash time
E)  Cannot be determined by the information given

Exam 9: Reducing Project Duration

According to Brooks' Law, adding more people to a late project is most likely to have which of the following impact?

Correct AnswerverifiedShow Answer

To shorten the duration of a project the project manager should limit the choices of activities to just those which ________.

Correct Answerverifiedare on the critical pathExplanation: So...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

A project network is classified as sensitive if it has a large number of interacting paths.

Correct AnswerverifiedShow Answer

Low-cost, realistic, efficient methods for completing an activity under normal conditions are supported by ____ time.

Correct AnswerverifiedShow Answer

Imposed project durations almost always leads to a higher-cost project than one planned with detailed scheduling of all the project's activities.

Correct AnswerverifiedShow Answer

An activity's crash costs include ____ costs.

Correct AnswerverifiedShow Answer

The less steep the cost slope of an activity, the

Correct AnswerverifiedShow Answer

A positive situation where moving toward the optimum time can result in very real, large savings-this occurs when the network is:

Correct AnswerverifiedShow Answer

Which of the following is the easiest method for shortening project time?

Correct AnswerverifiedShow Answer

Crashing a more expensive activity may be wise if fewer inherent risks are involved.

Correct AnswerverifiedShow Answer

Which of the following correctly calculates an activity's cost slope?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

If a network has several critical or near-critical paths it is deemed to be:

Correct AnswerverifiedShow Answer

Given that an activity's normal time and cost are ten days and $400, and its crash time is five days and $800, what is the activity's slope?

Correct Answerverified(crash cost-normal c...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

An activity's cost slope represents an activity's

Correct AnswerverifiedShow Answer

A contractor finished a bridge across a lake 18 months early and received more than $6 million for the early completion.This is an example of reducing project duration caused by:

Correct AnswerverifiedShow Answer

Direct costs are so named because they can be assigned directly to a work package and activity.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedindirectExplanation: Indirect...View AnswerShow Answer

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