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The cost slope of an activity is calculated by dividing the run by the rise.

A) True
B) False

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What are the benefits to using a Project Cost-Duration Graph to assist in comparing any proposed alternative or change with the current baseline?

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One of the advantages of using a Project...

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How would you calculate an activity's slope and what does it represent?

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An activity's slope is the cos...

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Expected time for an activity represents low-cost, realistic, efficient methods for completing the activity under anticipated conditions.

A) True
B) False

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Subtracting an activity's crash time from the normal time will calculate an activity's ________.

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run
Explan...

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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.

A) True
B) False

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Adverse weather, design flaws, and equipment breakdown can create negative slack.This is an example of reducing project duration caused by:


A) Imposed project deadlines
B) Time to market
C) Unforeseen project delays
D) High overhead
E) Incentive contracts

F) A) and D)
G) C) and D)

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Shortening an activity is called ________.

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crashing
Explanation...

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

A) True
B) False

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

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The Snapshot from Practice "Cell-Phone Wars" is an excellent example of reducing project duration due to:


A) Imposed project deadlines
B) Time to market
C) Unforeseen project delays
D) High overhead
E) Incentive contracts

F) A) and B)
G) B) and E)

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The relationship between cost and time for various durations is assumed to be:


A) Linear
B) Curvilinear
C) Variable
D) Conversely related
E) Exponentially related

F) All of the above
G) A) and B)

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Total project costs include all of the following except:


A) Supervision
B) Administration
C) Project manager's salary
D) Interest
E) All of these are included in total project costs

F) A) and B)
G) A) and C)

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Which of the following is not one of the techniques for accelerating project completion?


A) Assigning additional staff and equipment
B) Establish a core team
C) Do it twice-fast and correctly
D) Reduce project scope
E) All of these are acceptable techniques

F) B) and D)
G) A) and B)

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___________ is probably the most common response for meeting unattainable deadlines.

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Reducing project scope
Explana...

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The optimum duration for a project is at the point where:


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 D)
G) B) and C)

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

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normal
Explanation: ...

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In the "I'll Bet You..." Snapshot from Practice, the draftsman won ___________ for making a very difficult deadline.

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tickets to a basketball game
Explanation...

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Creating a Project Cost-Duration graph is useful:


A) During the pre-project planning phase
B) After the project has begun
C) After the completion of the project
D) Both A and B are correct
E) A, B, and C are all correct

F) A) and E)
G) A) and D)

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

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direct
Explanation: Direct cos...

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