Operations Management Study Set 5

Statistics

Quiz 17 :

Project Management

Quiz 17 :

Project Management

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The earliest finish time for an activity is equal to the latest finish time minus the activity time.
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True False
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False

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Some organizations use a matrix organization to integrate the activities of specialists within a functional framework.
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True False
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True

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The main function of dummy activities is to clarify relationships in network diagrams.
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True False
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True

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The costs associated with risk events tend to be lower near the beginning of a project and higher near the end of the project.
True False
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The latest starting time for an activity is equal to the latest finish time minus the activity time.
True False
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The network diagram shows sequential relationships among major activities on a project.
True False
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Good project management is very important with virtual teams.
True False
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Matrix organizations transfer control of workers to project managers for the duration of the project.
True False
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Although PERT and CPM were originally developed independently, they are now nearly identical in terms of analysis and procedures.
True False
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An advantage of Gantt charts in project management is that they identify which activities can be delayed without delaying the overall project.
True False
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The project computing algorithm requires both a forward and a backward pass.
True False
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One way that project management differs from management of more traditional activities is because of the limited time framework of projects.
True False
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The sum of times of the longest path in a network indicates expected project duration, and the activities represent the critical activities.
True False
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The higher the node number, the longer the activity will take.
True False
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Once a project is approved and underway, project managers are only responsible for effectively managing time and costs which, if done well, will assure project completion on time and on budget.
True False
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A Gantt chart is apopular visual tool for displaying the established precedence relationships.
True False
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A hierarchical listing of what must be done during a project is called matrix.
True False
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The path in a network with the average length of time to completion is called the critical path.
True False
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The probability of occurrence of risk events is lower near the beginning of a project and higher near the end of the project since very few activities remain.
True False
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Path probabilities are calculated by dividing path mean by path standard deviations.
True False
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