Earned Value Management (EVM) has the capability to combine measurements of scope, schedule and cost in a project.
Answer: Tr...
Earned Value Management (EVM) has the capability to combine measurements of scope, schedule and cost in a project.
The valuations in an Earned Value Management analysis must be either profits or revenue.
The valuations in an Earned Value Management analysis must be either profits or revenue.
Answer: Fal...
Earned Value Management (EVM) is a technique for measuring project progress in an objective manner.
Earned Value Management (EVM) is a technique for measuring project progress in an objective manner.
Answer: Tr...
Derivative projects are those which address incremental changes to products or processes.
Derivative projects are those which address incremental changes to products or processes.
Answer: Tr...
Breakthrough projects are those that provide fundamental improvements to existing products.
Breakthrough projects are those that provide fundamental improvements to existing products.
Answer: Fal...
A project milestone is a specific event to be reached by a particular point in time.
A project milestone is a specific event to be reached by a particular point in time.
Answer: Tr...
Project management software available today combines CPM and other scheduling aids, like Gantt charting, to aid in tracking progress of project completion.
Project management software available today combines CPM and other scheduling aids, like Gantt charting, to aid in tracking progress of project completion.
Answer:...
One of the assumptions made using CPM is that project activity sequence relationships can be specified and networked.
One of the assumptions made using CPM is that project activity sequence relationships can be specified and networked.
Answer: Tr...
One of the assumptions made using CPM is that project activities can be identified with clear beginning and ending points.
One of the assumptions made using CPM is that project activities can be identified with clear beginning and ending points.
Answer: Tr...
When reducing the planned duration of a project using the Time-Cost CPM model we select the activity to crash by determining the cost of each alternative and selecting the one whose cost is the greatest.
When reducing the planned duration of a project using the Time-Cost CPM model we select the activity to crash by determining the cost of each alternative...
In the Time-Cost CPM model, cost is assumed to be a linear function of time.
In the Time-Cost CPM model, cost is assumed to be a linear function of time.
Answer: Tr...
Using the Time-Cost CPM model, the crash time is the shortest possible time allowed for each activity in the project.
Using the Time-Cost CPM model, the crash time is the shortest possible time allowed for each activity in the project.
Answer: Tr...
You are managing a project and need to cut the cost of the project. You decide to transfer workers to another job to cut the project's costs. Costs associated with transferring the workers are an example of project indirect costs.
You are managing a project and need to cut the cost of the project. You decide to transfer workers to another job to cut the project's costs. Costs...
The activity direct costs associated with a project might include giving workers overtime to complete a project in less-than the expected time.
The activity direct costs associated with a project might include giving workers overtime to complete a project in less-than the expected time.
Answer:...
The project indirect costs associated with a project include overhead, facilities, and resource opportunity costs.
The project indirect costs associated with a project include overhead, facilities, and resource opportunity costs.
Answer: Tr...
Calculating the early start and early finish times for each activity in a CPM analysis does not provide any useful information.
Calculating the early start and early finish times for each activity in a CPM analysis does not provide any useful information.
Answer: Fal...
The critical path in a CPM analysis is found by locating the activities times with zero slack.
The critical path in a CPM analysis is found by locating the activities times with zero slack.
Answer: Tr...
In a CPM analysis if you subtract the early start from the late start the result is the activity's slack time.
In a CPM analysis if you subtract the early start from the late start the result is the activity's slack time.
Answer: Tr...
In a CPM analysis if you subtract the late finish from the early finish the result is the activity's slack time.
In a CPM analysis if you subtract the late finish from the early finish the result is the activity's slack time.
Answer: Fal...
Slack activity time is the difference between the early start and the late finish of a project activity time.
Slack activity time is the difference between the early start and the late finish of a project activity time.
Answer: Fal...
The critical path in a CPM analysis is always the shortest path through the network.
The critical path in a CPM analysis is always the shortest path through the network.
Answer: Fal...
The critical path in a project is that sequence of activities that consume the longest amount of time in a project network of activities.
The critical path in a project is that sequence of activities that consume the longest amount of time in a project network of activities.
Answer:...
In CPM the late start time estimate is the latest time you can start an activity and still keep the entire project on schedule.
In CPM the late start time estimate is the latest time you can start an activity and still keep the entire project on schedule.
Answer: Tr...
CPM is an abbreviation for Critical Path Method.
CPM is an abbreviation for Critical Path Method.
Answer: Tr...
The critical path of activities in a project is the sequence of activities that form the shortest chain in a project network of activities.
The critical path of activities in a project is the sequence of activities that form the shortest chain in a project network of activities.
Answer:...
A disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.
A disadvantage of a matrix project organizational structure is that a project manager is held responsible for successful completion of the project.
Answer:...
A matrix project structure is often referred to as a "skunkworks."
A matrix project structure is often referred to as a "skunkworks."
Answer: Fal...
A matrix project attempts to blend properties of functional and pure project structures.
A matrix project attempts to blend properties of functional and pure project structures.
Answer: Tr...
One of the advantages of a functional project organizational structure is that a team member can work on several projects.
One of the advantages of a functional project organizational structure is that a team member can work on several projects.
Answer: Tr...
One of the disadvantages of a pure project organizational structure is that the project manager has full authority over the project.
One of the disadvantages of a pure project organizational structure is that the project manager has full authority over the project.
Answer: Fal...
Upper level management must decide between pure, functional, and matrix structures as ways to organize projects.
Upper level management must decide between pure, functional, and matrix structures as ways to organize projects.
Answer: Tru...
The Gantt chart is an example of a project control chart.
The Gantt chart is an example of a project control chart.
Answer: Tr...
The fact that organizations are flattening is one of the reasons that project management is important.
The fact that organizations are flattening is one of the reasons that project management is important.
Answer: Tr...
A work breakdown structure is used in project management but it is not used when the critical path method is involved.
A work breakdown structure is used in project management but it is not used when the critical path method is involved.
Answer: Fal...
Complex projects are often subdivided into a series of tasks that are typically configured to be not longer than several months in duration.
Complex projects are often subdivided into a series of tasks that are typically configured to be not longer than several months in duration.
Answer:...
An event unit package is a subdivision of a project.
An event unit package is a subdivision of a project.
Answer: Fal...
The second step in managing a project is writing the Statement of Work.
The second step in managing a project is writing the Statement of Work.
Answer: Fal...
A project may be defined as a series of related jobs directed toward some major output and requiring a significant period of time to perform.
A project may be defined as a series of related jobs directed toward some major output and requiring a significant period of time to perform.
Answer:...
Project management can be defined as planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project. (T/F)
Project management can be defined as planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project....
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