Question 1

There are fewer options available for reducing project time if you are __________________ than if you can spend more than your original budget.

Accepted Answer

A)   time-constrained
B)   vision-limited
C)   schedule-constrained
D)   resource-constrained
E)   physically-constrainedF) B) and E)
G) All of the above

Question 2

If indirect costs are a significant percentage of total project costs, reductions in project time can represent very real savings.

Accepted Answer

A) True 
 B)False

Question 3

The relationship between the normal point and the crash point is assumed to be

Accepted Answer

A)   linear.
B)   curvilinear.
C)   variable.
D)   conversely related.
E)   exponentially related.F) A) and E)
G) D) and E)

Question 4

A reasonable, quick comparison between options for compressing activity times is based upon a _______________ assumption.

Accepted Answer

A)   nonlinear
B)   additive
C)   divisibility
D)   linear
E)   quadraticF) A) and C)
G) A) and E)

Question 5

Managers have several effective methods for crashing specific project activities when resources are not constrained.

Accepted Answer

A) True 
 B)False

Question 6

Making the decision to crash is the result of careful fiscal analysis and deep understanding of the project.

Accepted Answer

A) True 
 B)False

Question 7

Reducing project duration

Accepted Answer

A)   involves crashing all activities to their crash point.
B)   can only be done when resources are not constrained.
C)   is always more expensive.
D)   tends to increase network sensitivity.
E)   should be considered for all projects.F) A) and E)
G) None of the above

Question 8

An activity's crash cost includes ________ costs.

Accepted Answer

A)   direct
B)   indirect
C)   overhead
D)   total
E)   normalF) All of the above
G) C) and E)

Question 9

Costs such as labor, materials, equipment, or sub-contractors are examples of ________ project costs.

Accepted Answer

A)   direct
B)   budgeted
C)   accumulated
D)   indirect
E)   time-phasedF) A) and D)
G) A) and C)

Question 10

What is crashing? Include a discussion of crash time and crash cost.

Accepted Answer

Crashing is shortening an acti...

Question 11

When reducing project duration, the crash cost per unit has to be calculated and the maximum units each activity can be reduced must be known. After this, the critical path must be identified. What is the next step?

Accepted Answer

A)   Find the activity with the lowest crash cost
B)   Calculate the optimum cost-time point
C)   Calculate the crash point
D)   Calculate indirect cost per time unit
E)   Find the activity with the steepest cost slopeF) All of the above
G) A) and E)

Question 12

Crashing a more expensive activity may be wise if fewer inherent risks are involved.

Accepted Answer

A) True 
 B)False

Question 13

One of the advantages of using a project cost-duration graph is that it keeps the importance of indirect costs in the forefront of decision making.

Accepted Answer

A) True 
 B)False

Question 14

When project managers know an activity's ________, they are able to compare which critical activities to shorten.

Accepted Answer

A)   importance
B)   resources
C)   duration
D)   customer-perceived value
E)   slope or crash cost per unitF) B) and D)
G) B) and C)

Question 15

When do you know you have crashed project activities enough? In other words, when you are crashing a project, how do you know you are finished?

Accepted Answer

When crashing, you will crash ...

Question 16

Why is the project duration with the lowest direct costs seldom the optimum duration for a project?

Accepted Answer

Indirect costs, those accumulating each ...

Question 17

Which of the following correctly calculates an activity's cost slope?

Accepted Answer

A)   (normal cost - crash cost)  / (normal time - crash time) 
B)   (crash cost - normal cost)  / (normal time - crash time) 
C)   (normal time - crash time)  / (crash cost - normal cost) 
D)   (normal time - crash time)  / (normal cost - crash cost) 
E)   (crash cost - normal cost)  / (crash time - normal time) F) A) and E)
G) B) and E)

Question 18

The simplest way to reduce cost on a project is to reduce the scope of a project.

Accepted Answer

A)   imposed project deadlines.
B)   time to market.
C)   unforeseen project delays.
D)   high overhead.
E)   incentive contracts.F) None of the above
G) B) and E)

Question 19

In order to shorten the duration of a project the project manager should limit the choices of activities to just those that are on the __________.

Accepted Answer

A)   shortest path
B)   path with the greatest variability
C)   critical path
D)   path with the least amount of resources required
E)   path with the most resources requiredF) C) and E)
G) C) and D)

Question 20

When reducing project duration, the duration for a project that is optimal is at the point where

Accepted Answer

A)   direct costs are the lowest.
B)   indirect costs are the lowest.
C)   direct costs equal indirect costs.
D)   total project costs are the lowest.
E)   the project changes from time-constrained to resource-constrained.F) A) and C)
G) A) and D)

Exam 9: Reducing Project Duration

Crashing a more expensive activity may be wise if fewer inherent risks are involved.

Correct AnswerverifiedShow Answer

Costs such as labor, materials, equipment, or sub-contractors are examples of ________ project costs.

Correct AnswerverifiedShow Answer

When do you know you have crashed project activities enough? In other words, when you are crashing a project, how do you know you are finished?

Correct AnswerverifiedWhen crashing, you will crash ...View AnswerShow Answer

There are fewer options available for reducing project time if you are __________________ than if you can spend more than your original budget.

Correct AnswerverifiedShow Answer

What is crashing? Include a discussion of crash time and crash cost.

Correct AnswerverifiedCrashing is shortening an acti...View AnswerShow Answer

When reducing project duration, the crash cost per unit has to be calculated and the maximum units each activity can be reduced must be known. After this, the critical path must be identified. What is the next step?

Correct AnswerverifiedShow Answer

An activity's crash cost includes ________ costs.

Correct AnswerverifiedShow Answer

Managers have several effective methods for crashing specific project activities when resources are not constrained.

Correct AnswerverifiedShow Answer

Why is the project duration with the lowest direct costs seldom the optimum duration for a project?

Correct AnswerverifiedIndirect costs, those accumulating each ...View AnswerShow Answer

Reducing project duration

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When project managers know an activity's ________, they are able to compare which critical activities to shorten.

Correct AnswerverifiedShow Answer

One of the advantages of using a project cost-duration graph is that it keeps the importance of indirect costs in the forefront of decision making.

Correct AnswerverifiedShow Answer

A reasonable, quick comparison between options for compressing activity times is based upon a _______________ assumption.

Correct AnswerverifiedShow Answer

In order to shorten the duration of a project the project manager should limit the choices of activities to just those that are on the __________.

Correct AnswerverifiedShow Answer

The simplest way to reduce cost on a project is to reduce the scope of a project.

Correct AnswerverifiedShow Answer

Which of the following correctly calculates an activity's cost slope?

Correct AnswerverifiedShow Answer

If indirect costs are a significant percentage of total project costs, reductions in project time can represent very real savings.

Correct AnswerverifiedShow Answer

The relationship between the normal point and the crash point is assumed to be

Correct AnswerverifiedShow Answer

When reducing project duration, the duration for a project that is optimal is at the point where

Correct AnswerverifiedShow Answer

Making the decision to crash is the result of careful fiscal analysis and deep understanding of the project.

Correct AnswerverifiedShow Answer

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When crashing, you will crash ...
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Crashing is shortening an acti...
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Indirect costs, those accumulating each ...
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