Question 1

The ________ time for an activity represents low-cost, realistic, efficient methods for completing the activity under typical conditions.

Accepted Answer

A)   normal
B)   crash
C)   estimated
D)   accelerated
E)   completionF) A) and B)
G) A) and C)

Question 2

When adding resources, there are limits as to how much speed can be gained.

Accepted Answer

A) True 
 B)False

Question 3

An activity's normal time and cost are 10 and $120, respectively. Its estimated crash time and cost are 7 and $180, respectively. What is this activity's crash cost per time unit?

Accepted Answer

A)   $20
B)   $30
C)   $40
D)   $50
E)   $60F) All of the above
G) D) and E)

Question 4

Consider the following table of activities that describes a project network. Which activity will you crash second?

Accepted Answer

A)   A
B)   B
C)   C
D)   D
E)   EF) C) and E)
G) A) and D)

Question 5

The ________ project cost is the sum of the indirect and direct costs.

Accepted Answer

A)   accumulated
B)   total
C)   budgeted
D)   time-phased
E)   estimatedF) B) and C)
G) A) and B)

Question 6

When considering whether to move the project to its optimum cost-time position, the manager should also consider ________.

Accepted Answer

A)   resources
B)   budget
C)   team morale
D)   risk
E)   customersF) B) and C)
G) D) and E)

Question 7

When the project team is salaried, which of the following is the preferred choice for accelerating project completion?

Accepted Answer

A)   Assign additional staff and equipment
B)   Subcontract work
C)   Schedule overtime
D)   Outsource project work
E)   Establish a core project teamF) A) and E)
G) C) and D)

Question 8

_________ is the first thing to consider when deciding whether or not an activity can be crashed.

Accepted Answer

A)   Schedule risk
B)   Project impact
C)   Stakeholder impact
D)   Customer impact
E)   Inherent riskF) B) and C)
G) A) and E)

Question 9

Creation of the ___________ graph keeps the importance of indirect costs in the forefront of decision making.

Accepted Answer

A)   network
B)   critical path
C)   project cost-duration
D)   release burndown
E)   risk breakdownF) B) and E)
G) C) and D)

Question 10

In a Project Cost-Duration Graph, total project costs are a sum of

Accepted Answer

A)   labor, material and equipment costs.
B)   direct costs plus interest.
C)   direct labor costs and the project manager's salary.
D)   direct costs and the project manager's salary.
E)   direct and indirect costs.F) B) and C)
G) B) and E)

Question 11

As a project's duration is reduced, indirect costs are ___________.

Accepted Answer

A)   increased
B)   decelerated
C)   accelerated
D)   compressed
E)   reducedF) C) and D)
G) A) and B)

Question 12

Which of the following is NOT a rational reason to reduce project duration?

Accepted Answer

A)   Incentive contracts
B)   High network sensitivity
C)   Imposed deadlines
D)   High overhead costs
E)   Unforeseen delaysF) A) and B)
G) A) and C)

Question 13

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 is.
D)   larger the crash time is.
E)   cannot be determined by the information given.F) A) and C)
G) B) and C)

Question 14

Brooks' law states that adding manpower to a software project helps keep it on schedule.

Accepted Answer

A) True 
 B)False

Question 15

There are more options available for reducing project time if you are not resource constrained.

Accepted Answer

A) True 
 B)False

Question 16

As a project is crashed and project duration is reduced, direct costs typically

Accepted Answer

A)   increase.
B)   become unstable.
C)   decrease.
D)   become unreliable.
E)   stay the same.F) A) and B)
G) A) and C)

Question 17

When crashing a schedule, this may set in when a least-cost method is used.

Accepted Answer

A)   Increased risk
B)   Fatigue and resentment
C)   Increased cost
D)   Decrease in available management reserve
E)   Reduced qualityF) A) and D)
G) A) and E)

Question 18

The cost-time crashing method relies on choosing the cheapest method for reducing the duration of the project. What are other factors that should be assessed beyond simply cost?

Accepted Answer

The inherent risks involved in crashing ...

Question 19

The accuracy of crash times and costs is frequently rough at best, when compared with normal time and cost.

Accepted Answer

A) True 
 B)False

Question 20

What if cost, not time, is the issue? What are some options available to project managers? Identify and briefly describe three.

Accepted Answer

Reduce project scope, have own...

Exam 9: Reducing Project Duration

In a Project Cost-Duration Graph, total project costs are a sum of

Correct AnswerverifiedShow Answer

What if cost, not time, is the issue? What are some options available to project managers? Identify and briefly describe three.

Correct AnswerverifiedReduce project scope, have own...View AnswerShow Answer

The accuracy of crash times and costs is frequently rough at best, when compared with normal time and cost.

Correct AnswerverifiedShow Answer

The ________ time for an activity represents low-cost, realistic, efficient methods for completing the activity under typical conditions.

Correct AnswerverifiedShow Answer

Brooks' law states that adding manpower to a software project helps keep it on schedule.

Correct AnswerverifiedShow Answer

When considering whether to move the project to its optimum cost-time position, the manager should also consider ________.

Correct AnswerverifiedShow Answer

Which of the following is NOT a rational reason to reduce project duration?

Correct AnswerverifiedShow Answer

When the project team is salaried, which of the following is the preferred choice for accelerating project completion?

Correct AnswerverifiedShow Answer

When crashing a schedule, this may set in when a least-cost method is used.

Correct AnswerverifiedShow Answer

There are more options available for reducing project time if you are not resource constrained.

Correct AnswerverifiedShow Answer

Consider the following table of activities that describes a project network. Which activity will you crash second?

Correct AnswerverifiedShow Answer

Creation of the ___________ graph keeps the importance of indirect costs in the forefront of decision making.

Correct AnswerverifiedShow Answer

When adding resources, there are limits as to how much speed can be gained.

Correct AnswerverifiedShow Answer

As a project's duration is reduced, indirect costs are ___________.

Correct AnswerverifiedShow Answer

The cost-time crashing method relies on choosing the cheapest method for reducing the duration of the project. What are other factors that should be assessed beyond simply cost?

Correct AnswerverifiedThe inherent risks involved in crashing ...View AnswerShow Answer

The less steep the cost slope of an activity, the

Correct AnswerverifiedShow Answer

As a project is crashed and project duration is reduced, direct costs typically

Correct AnswerverifiedShow Answer

The ________ project cost is the sum of the indirect and direct costs.

Correct AnswerverifiedShow Answer

_________ is the first thing to consider when deciding whether or not an activity can be crashed.

Correct AnswerverifiedShow Answer

An activity's normal time and cost are 10 and $120, respectively. Its estimated crash time and cost are 7 and $180, respectively. What is this activity's crash cost per time unit?

Correct AnswerverifiedShow Answer

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Reduce project scope, have own...
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The inherent risks involved in crashing ...
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