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DESC MIDTERM > Example Final Questions > Flashcards

Example Final Questions Flashcards

1
Q

Which one of the following statements regarding crashing is best? Select one:

a. Ensures that the project is on schedule 
b. Associated with slack management 
c. Associated with reducing project time at minimum cost 
d. Involves economies of scale
A

c. Associated with reducing project time at minimum cost

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2
Q

What is the earliest start time for a task if the earliest finish times for its four immediate predecessor tasks are 21,11, 21,4, respectively?

a. 25 
b. 21 
c. 11 
d. 4
A

b. 21

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3
Q

What is the difference between forecasted demand and current capacity called?

a. Gap 
b. Beta 
c. Slack 
d. Crashing
A

a. Gap

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4
Q

Which one of the following is used to limit the extent of crashing in project management?

a. Task constraints 
b. Cost slopes 
c. Slack 
d. Precedent relationships
A

a. Task constraints

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5
Q

Which graph shows the sequencing of tasks used in a project?

a. Histogram
b. Taylor chart 
c. Flow chart 
d. Gantt chart
A

d. Gantt chart

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6
Q

Which one is a business competitive priority?

a. Ontime delivery 
b. All of the others 
c. Low costs 
d. Consistent quality
A

b. All of the others

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7
Q

Which one is a success criteria in project management?

a. A target for the project to receive zero change requests 
b. Delivery of products that meet required specifications 
c. All of the others 
d. The date by which the project is to be completed
A

c. All of the others

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8
Q

What is the primary purpose of a SWOT analysis?

a. To develop an action plan 
b. To analyze the internal and external environments of the organization 
c. To generate long term forecasts 
d. To evaluate suppliers
A

b. To analyze the internal and external environments of the organization

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9
Q

Which one of the following is a basic element of project management?

a. All of the others 
b. Estimating project task costs
c. Estimating project task times 
d. Developing task dependencies
A

a. All of the others

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10
Q

Which one of the following conditions violates a basic PM network assumption?

a. None of the others 
b. Some activities can have zero slack 
c. Some activities can be conducted simultaneously 
d. There can be more than one critical path
A

a. None of the others

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11
Q

Which one best describes shadow price?

a. Minimum willing to pay for one more unit or resource 
b. Equals market price 
c. Average willing to pay for one more unit of resource 
d. Maximum willing to pay for one more unit of resource
A

d. Maximum willing to pay for one more unit of resource

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12
Q

Which time series model is best for projecting multiple periods into the future? Select one:

a. Regression 
b. Moving average 
c. Simple exponential smoothing 
d. Weighted moving average
A

a. Regression

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13
Q

How is slack defined in project management?

a. Earliest start time + Latest start time 
b. Latest finishing time -earliest start time 
c. (Latest start time -earliest start time)/2 
d. Latest start time -earliest start time
A

d. Latest start time -earliest start time

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14
Q

Which two statistics are used to describe the normal curve?

a. Interval and mode
b. Mean and standard deviation
c. Standard deviation and interval
d. None of the others
A

b. Mean and standard deviation

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15
Q

What is the first step in the project management planning process?

a. Develop network diagram
b. Establish project objectives and scope
    c. Set project constraints
d. Select project team
A

b. Establish project objectives and scope

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16
Q

What type of constraint would describe the situation where exactly 500 units must be produced?

a. < 
b. <= 
c. >= 
d. =
A

d. =

17
Q

Which of the following constraints is typically found in managing projects?

a. All of the others 
b. Budget 
c. People 
d. Time
A

a. All of the others

18
Q

Which one is a reason why many projects either fail or do NOT meet expectations?

a. Poor coordination 
b. All of the others 
c. Lack of expertise 
d. Unclear requirements
A

b. All of the others

19
Q

Which one of the following is a basic regression forecasting ground rule?

a. Use only statistically significant variables
b. Common sense 
c. All of the others 
d. Use X values within the database range
A

c. All of the others

DESC MIDTERM (13 decks)

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