What is the benefit of using PERT/CPM network as integral component of project management? a. They furnish a consistent framework for planning, scheduling, monitoring and controlling project b. They illustrate the interdependencies of all tasks c. They can be used to estimate the expected project completion dates as well as the probability that the project will be completed by a specific date d. All of the above

What is the benefit of using PERT/CPM network as integral component of project management?
a. They furnish a consistent framework for planning, scheduling, monitoring and controlling project b.
They illustrate the interdependencies of all tasks
c. They can be used to estimate the expected project completion dates as well as the probability that
the project will be completed by a specific date
d. All of the above
by

1 Answer

Answer :

d. All of the above
by

Related questions

A prerequisite of effective time management is: 1. Knowing the dictated project completion date 2. Having the most advanced software package for project planning, scheduling and control 3. Having a good project WBS which identifies the major project deliverables and tasks, and the person responsible for each of them 4. Having a well staffed scheduling department

Description : A prerequisite of effective time management is:  1. Knowing the dictated project completion date  2. Having the most advanced software package for project planning, scheduling and control  3. ... and the  person responsible for each of them  4. Having a well staffed scheduling department

Last Answer : 1. Knowing the dictated project completion date

The basic difference between PERT and CPM is that a. PERT deals with events and CPM with activities b. Critical Path is determined in PERT only c. Costs are considered on CPM only d. Guessed times are used in PERT and evaluated times in CPM.

Description : The basic difference between PERT and CPM is that a. PERT deals with events and CPM with activities b. Critical Path is determined in PERT only c. Costs are considered on CPM only d. Guessed times are used in PERT and evaluated times in CPM.

Last Answer : a. PERT deals with events and CPM with activities

_________ technique helps to make a choice from numerous available alternatives a. PERT b. CPM c. Linear Programming d. Transportation

Description : _________ technique helps to make a choice from numerous available alternatives a. PERT b. CPM c. Linear Programming d. Transportation

Last Answer : d. Transportation

_____ are technique applied in project management a. CPM b. Assignment c. Transportation d. Decision theory

Description : ______ are technique applied in project management a. CPM b. Assignment c. Transportation d. Decision theory

Last Answer : a. CPM

In a PERT network, the earliest(activity) start time is the a. Earliest time that an activity can be finished without delaying the entire project b. Latest time that an activity can be started without delaying the entire project c. Earliest time that an activity can be started without violation of precedence requirements d. Latest time that an activity can be finished without delaying the entire project

Description : In a PERT network, the earliest(activity) start time is the a. Earliest time that an activity can be finished without delaying the entire project b. Latest time that an activity can ... of precedence requirements d. Latest time that an activity can be finished without delaying the entire project

Last Answer : c. Earliest time that an activity can be started without violation of precedence requirements

For a project manager to have an effective means of identifying and communicating the planned activities and their interrelationships, he must use a network technique. One of the network techniques is commonly known as PERT, what does PERT stands for? a. Project evaluation review technique b. Program evaluation review technique c. Path evaluation review technique d. Project execution review technique

Description : For a project manager to have an effective means of identifying and communicating the planned activities and their interrelationships, he must use a network technique. One of the network ... evaluation review technique c. Path evaluation review technique d. Project execution review technique

Last Answer : b. Program evaluation review technique

When a project manager starts to plan a new project budget, the cost of which project management process group is expected to be lowest? Select one: a. Initiating b. Executing c. Monitoring and controlling d. Closing e. Planning

Description : When a project manager starts to plan a new project budget, the cost  of which project management process group is expected to be lowest? Select one: a. Initiating b. Executing c. Monitoring and controlling d. Closing e. Planning

Last Answer : d. Closing

_____ technique is related to Inventory management a. EOQ b. SQC c. CPM d. transportation

Description : _____ technique is related to Inventory management a. EOQ b. SQC c. CPM d. transportation

Last Answer : a. EOQ

Which of the following establishes key dates throughout thb. Ballpark estimate c. Pert diagram d. Slack chart e. Milestone schedulee life of a project that must be met for the project to finish on time? Select one: a. Critical path

Description : Which of the following establishes key dates throughout the life of a project that  must be met for the project to finish on time? Select one: a. Critical path b. Ballpark estimate c. Pert diagram d. Slack chart e. Milestone schedule

Last Answer : e. Milestone schedule

LPP is exactly used in solving what kind of resource allocation problems? a. Production planning and scheduling b. Transportation c. Sales and advertising d. All of the above

Description : LPP is exactly used in solving what kind of resource allocation problems? a. Production planning and scheduling b. Transportation c. Sales and advertising d. All of the above

Last Answer : d. All of the above

An activity whose start or end cannot be delay without affecting total project completion time is called ______ activity a. Dummy b. Non-critical c. Critical d. Important

Description : An activity whose start or end cannot be delay without affecting total project completion time is called ______ activity a. Dummy b. Non-critical c. Critical d. Important

Last Answer : c. Critical

The CPM was developed by Rand and Walker in which year? a. 1957 b. 1958 c. 1959 d. 1960

Description : The CPM was developed by Rand and Walker in which year? a. 1957 b. 1958 c. 1959 d. 1960

Last Answer : a. 1957

________ technique is related to Quality control a. Assignment b. Transportation c. CPM d. SQC

Description : ________ technique is related to Quality control a. Assignment b. Transportation c. CPM d. SQC

Last Answer : d. SQC

Petri is working for Nokia in Finland. He has completed 10 months of his 12-month project, budgeted at $800,000. His earned value analysis shows that variance at completion is $75,000. What is the estimate at completion value for this project? Select one: a. 725,000 b. -725,000 c. -$875,000 d. $875,000 e. $800,000

Description : Petri is working for Nokia in Finland. He has completed 10 months of his 12-month project, budgeted at $800,000. His earned value analysis shows that variance at  completion is $75,000. What is the estimate at completion value ... : a. 725,000 b. -725,000 c. -$875,000 d. $875,000 e. $800,000

Last Answer : d. $875,000

. In what year was PERT developed? a. 1957 b. 1959 c. 1960 d. 1958

Description : . In what year was PERT developed? a. 1957 b. 1959 c. 1960 d. 1958

Last Answer : . 1957

. When estimating project time schedules using industry standards, the estimated project completion time for a systems project would be _____ person-months if the actual planning phase were completed in 6 person-months. a. 30 b. 40 c. 17.14 d. 9 e. 50

Description : . When estimating project time schedules using industry standards, the estimated  project completion time for a systems project would be _____ person-months if the actual  planning phase were completed in 6 person-months.  a. 30  b. 40  c. 17.14  d. 9  e. 50

Last Answer : b. 40

In a PERT network, slack time is _____. (a) The end point that represents the completion of a major activity (b) The time or resources required to progress from one event to another (c) The amount of time an individual activity can be delayed without delaying the whole Project (d) The longest or most time-consuming sequence of events and activities

Description : In a PERT network, slack time is _____. (a) The end point that represents the completion of a major activity (b) The time or resources required to progress from one event to another ( ... without delaying the whole Project (d) The longest or most time-consuming sequence of events and activities 

Last Answer : (c) The amount of time an individual activity can be delayed without delaying the whole Project 

Which one of the following is the most appropriate management control technique for timely completion of a project ? (A) Organisation chart (B) Management by Objectives (C) PERT (D) Span of control

Description : Which one of the following is the most appropriate management control technique for timely completion of a project ? (A) Organisation chart (B) Management by Objectives (C) PERT (D) Span of control

Last Answer : Answer: PERT

The first method invented for planning projects, was (A) Bar chart method (B) Milestone chart (C) Critical path method (CPM) (D) Programme Evaluation and Review Technique (PERT)

Description : The first method invented for planning projects, was (A) Bar chart method (B) Milestone chart (C) Critical path method (CPM) (D) Programme Evaluation and Review Technique (PERT)

Last Answer : (A) Bar chart method

What are the 5 major processes of project management? A. Closing, Executing, Planning, Monitoring and Controlling, Initiating (Ans.) B. Starting, Closing, Managing, Planning, Executing C. Initiating, Finishing, Monitoring and Controlling, Executing, Planning D. Starting, Finishing, Executing, Managing, Closing

Description : What are the 5 major processes of project management?  A. Closing, Executing, Planning, Monitoring and Controlling, Initiating (Ans.)  B. Starting, Closing, Managing, Planning, ... Finishing, Monitoring and Controlling, Executing, Planning D. Starting, Finishing, Executing, Managing, Closing

Last Answer : A. Closing, Executing, Planning, Monitoring and Controlling, Initiating (Ans.)

The three steps of project management are _____. a. controlling the project, directing the project, and creating the work plan b. creating the work plan, staffing the project, and controlling and directing the project c. directing the project, creating the work plan, and naming the tasks d. naming the tasks, creating the work plan, and completing the deliverables e. setting the start date, estimating the time, and reading the actual time

Description : The three steps of project management are _____. a. controlling the project, directing the project, and creating the work plan  b. creating the work plan, staffing the project, and controlling ... the deliverables  e. setting the start date, estimating the time, and reading the actual time

Last Answer : b. creating the work plan, staffing the project, and controlling and directing the  project

Why PERT is preferred over CPM for evaluation of project ?

Description : Why PERT is preferred over CPM for evaluation of project ?

Last Answer : PERT is based on the approach of multiple time estimates for each activity.

The probability distribution taken to represent the completion of time in PERT analysis is (a) Normal Distribution (b) Bet Distribution (c) Gamma Distribution (d) Gaussain Distribution

Description : The probability distribution taken to represent the completion of time in PERT analysis is (a) Normal Distribution (b) Bet Distribution (c) Gamma Distribution (d) Gaussain Distribution

Last Answer : (a) Normal Distribution

................... is an event oriented network diagram. a. CPM b. PERT c. Histogram d. Ogive

Description : ................... is an event oriented network diagram. a. CPM b. PERT c. Histogram d. Ogive

Last Answer : b. PERT

......................... is activity oriented network diagram. a. CPM b. PERT c. Histogram d. Ogive

Description : ......................... is activity oriented network diagram. a. CPM b. PERT c. Histogram d. Ogive

Last Answer : a. CPM

At the completion of the forward and backward passes, the slack for an activity is given by the a. Difference between early start and early finish b. Difference between early start and latest finish c. Difference between latest start and early finish d. Difference between latest start and latest finish

Description : At the completion of the forward and backward passes, the slack for an activity is given by the a. Difference between early start and early finish b. Difference between early start and ... c. Difference between latest start and early finish d. Difference between latest start and latest finish

Last Answer : c. Difference between latest start and early finish

If the expected time for completion of a project is 10 days with a standard deviation of 2 days, the expected time of completion of the project with 99.9% probability is (A) 4 days (B) 6 days (C) 10 days (D) 16 day

Description : If the expected time for completion of a project is 10 days with a standard deviation of 2 days, the expected time of completion of the project with 99.9% probability is (A) 4 days (B) 6 days (C) 10 days (D) 16 day

Last Answer : (D) 16 days

If the expected time of completion of a project is 60 weeks with a standard deviation of 5 weeks, the probability of completing the project in 50 weeks and 65 weeks respectively will be (A) 2.3% and 84.1% (B) 97.7% and 84.1% (C) 97.7 % and 15.9% (D) 15.9% and 97.7%

Description : If the expected time of completion of a project is 60 weeks with a standard deviation of 5 weeks, the probability of completing the project in 50 weeks and 65 weeks respectively will be (A) 2.3% and 84.1% (B) 97.7% and 84.1% (C) 97.7 % and 15.9% (D) 15.9% and 97.7%

Last Answer : (A) 2.3% and 84.1%

Scheduling provides information about the (A) Proper utilisation of machines (B) Means to minimise idle time for machines (C) Time of completion of job (D) Time of starting of job and also about how much work should be completed during a particular period

Description : Scheduling provides information about the (A) Proper utilisation of machines (B) Means to minimise idle time for machines (C) Time of completion of job (D) Time of starting of job and also about how much work should be completed during a particular period

Last Answer : (D) Time of starting of job and also about how much work should be completed during a particular period

Which of the following activity is undertaken immediately after feasibility study and before the requirement analysis and specification phase? A. Project Planning B. Project Monitoring C. Project Control D. Project Scheduling

Description : Which of the following activity is undertaken immediately after feasibility study and before  the requirement analysis and specification phase? A. Project Planning B. Project Monitoring C. Project Control D. Project Scheduling

Last Answer : A. Project Planning

Project management is the second major component of the planning phase of the systems development life cycle (SDLC), and it includes three steps: creating the work plan, staffing the project, and controlling and directing the project.

Description : Project management is the second major component of the planning phase of the  systems development life cycle (SDLC), and it includes three steps: creating the work  plan, staffing the project, and controlling and directing the project.

Last Answer : Ans: True

Creating a work plan requires three steps: identify the tasks that need to be accomplished, estimate the time that it will take to complete the tasks, and record the task completion time in a Gantt Chart.

Description : Creating a work plan requires three steps: identify the tasks that need to be  accomplished, estimate the time that it will take to complete the tasks, and record the task  completion time in a Gantt Chart.

Last Answer : Ans: False

Pick up the incorrect statement from the following a. The activity which consumes maximum time, is called a node b. The activity is the time consuming part of a project c. The beginning and end of a job, are called events d. Logically and sequentially connected activities and events form a network

Description : Pick up the incorrect statement from the following a. The activity which consumes maximum time, is called a node b. The activity is the time consuming part of a project c. The beginning ... of a job, are called events d. Logically and sequentially connected activities and events form a network

Last Answer : a. The activity which consumes maximum time, is called a node

Completion of an activity on CPM network diagram, is generally known (A) Event (B) Node (C) Connector (D) All the above

Description : Completion of an activity on CPM network diagram, is generally known (A) Event (B) Node (C) Connector (D) All the above

Last Answer : (D) All the above

Kathryn has little experience estimating the time it will take to complete a systems project. She has just completed the planning phase of the project. What method should she use to estimate the time required to build the system? a. adjusted project complexity b. function points c. industry standards d. Microsoft Project e. more complex approach

Description : Kathryn has little experience estimating the time it will take to complete a systems  project. She has just completed the planning phase of the project. What method should she use to estimate the ... b. function points  c. industry standards  d. Microsoft Project  e. more complex approach

Last Answer : c. industry standards

Fill in the blank. Risk must be considered in the _____ phase and weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. Select one: a. completion b. closeout c. execution d. planning e. initiation

Description : Fill in the blank. Risk must be considered in the _____ phase and weighed against  the potential benefit of the project’s success in order to decide if the project should  be chosen. Select one: a. completion b. closeout c. execution d. planning e. initiation

Last Answer : e. initiation

Fill in the blanks. It is during the ______________ phase that the decision should be made regarding whether the project should continue. During this phase, ____________ must be considered and weighed against the potential benefit of the project’s success. Select one: a. completion, cost b. closeout, resources c. execution, performance d. planning, timing e. initiation, risk

Description : Fill in the blanks. It is during the ______________ phase that the decision should be  made regarding whether the project should continue. During this phase, ____________  must be considered and weighed ... . closeout, resources c. execution, performance d. planning, timing e. initiation, risk

Last Answer : e. initiation, risk

Determining how tasks are to be grouped is part of which management function? (a) Planning ; (b) Leading ; (c) Controlling ; (d) Organizing

Description : Determining how tasks are to be grouped is part of which management function? (a) Planning ; (b) Leading ; (c) Controlling ; (d) Organizing

Last Answer : (d) Organizing

Mean, median and mode are measures of _______ a. Central tendency b. Dispersion c. Probability d. maths

Description : Mean, median and mode are measures of _______ a. Central tendency b. Dispersion c. Probability d. maths

Last Answer : . central tendency

PERT chart can be used to track the tasks of a project when task time estimates are fairly uncertain.

Description : PERT chart can be used to track the tasks of a project when task time estimates are  fairly uncertain.

Last Answer : Ans: True

A horizontal bar chart that shows project tasks against a calendar is called (A) milestone (B) goal(C) Gantt chart (D) PERT chart

Description : A horizontal bar chart that shows project tasks against a calendar is called (A) milestone (B) goal (C) Gantt chart (D) PERT chart

Last Answer : (C) Gantt chart

Project management is the job of organising, coordinating, and controlling the various tasks and resources in order to successfully complete a project. (True/False

Description : Project management is the job of organising, coordinating, and controlling the various  tasks and resources in order to successfully complete a project. (True/False

Last Answer : Ans. True

Which of the following statements is true? A. PERT is considered as a deterministic approach and CPM is a probabilis t ic techniques. B. PERT is considered as a probabilistic techniques and CPM is considered as a deterministic approach. C. PERT and CPM are both probabilistic techniques. D. PERT and CPM are both considered as deterministic approachs

Description : Which of the following statements is true? A. PERT is considered as a deterministic approach and CPM is a probabilis t ic techniques. B. PERT is considered as a probabilistic techniques ... and CPM are both probabilistic techniques. D. PERT and CPM are both considered as deterministic approachs

Last Answer : B. PERT is considered as a probabilistic techniques and CPM is considered as a deterministic approach

______________ is an activity-oriented approach. A. CPM B. PERT C. GERT D. WASP

Description : ______________ is an activity-oriented approach. A. CPM B. PERT C. GERT D. WASP

Last Answer : A. CPM

_____________ is an event-oriented approach . A. CPM. B. GERT. C. PERT. D. WASP.

Description : _____________ is an event-oriented approach . A. CPM. B. GERT. C. PERT. D. WASP.

Last Answer : 1

What network model enables engineer managers to schedule, monitor and control large and complex projects by using only one time factor per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation

Description : What network model enables engineer managers to schedule, monitor and control large and complex projects by using only one time factor per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation

Last Answer : b. Program evaluation review technique

A project activity has several components as indicated below; S. No. Activity Preceded by Duration (in Weeks) 1 A - 8 2 B A 6 3 C A 12 4 D B 4 5 E D 5 6 F B 12 7 G E& F 9 8 H C 8 9 I F & H 5 10 J I & G 6 d. Prepare a PERT chart, estimate the duration of the project and identify the critical path.

Description : A project activity has several components as indicated below; S.  No. Activity Preceded by Duration (in  Weeks) 1 A - 8 2 B A 6 3 C A 12 4 D B 4 5 E D 5 6 F B 12 7 G E& F ... H 5 10 J I & G 6 d. Prepare a PERT chart, estimate the duration of the project and identify the  critical path.

Last Answer : PERT Diagram based on Activity on Arrow  .  E  D 5 G B 5 9 J, 6 A 6 F,12 I ,5 8 c 12 H 8 OR  PERT Diagram based on Activity on Node …………………….6 marks a. Critical Path: A-B-F-G-J …………………….1 mark  b. Estimated Project Duration: 41 weeks

What is a project phase? A. A collection of logically related project activities that culminate in the completion of one or more deliverables (Ans.) B. A singular activity that completes a deliverable C. Consists of work that has very similar parts D. A consistent period of time that is used throughout a project

Description : What is a project phase? A. A collection of logically related project activities that culminate in the completion  of one or more deliverables (Ans.)  B. A singular activity that completes a ... that has very similar parts D. A consistent period of time that is used throughout a project

Last Answer : A. A collection of logically related project activities that culminate in the completion  of one or more deliverables (Ans.)

2. Non-Negativity condition is an important component of L P model because a. Variables value should remain under the control of the decision-maker b. Value of variables make sense & correspond to real-world problemsc. Variables are interrelated in terms of limited resources d. None of the above

Description : 2. Non-Negativity condition is an important component of L P model because a. Variables value should remain under the control of the decision-maker b. Value of variables make sense & correspond to real-world problems c. Variables are interrelated in terms of limited resources d. None of the above

Last Answer : b. Value of variables make sense & correspond to real-world problems