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Exam 9: Reducing Project Duration

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Question 41

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The direct cost for completing an activity as early as possible is called its ________ cost.

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crash
Explanation: The direct cost for c...

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Question 42

Multiple Choice

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Which of the following is NOT one of the more commonly used options for cutting project costs?

A) Reduce project scope
B) Have owner take more responsibility
C) Move the completion date further out
D) Brainstorm cost savings options
E) Outsource project activities

F) None of the above
G) B) and D)

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Question 43

Multiple Choice

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The less steep the cost slope of an activity,the

Before crashing,direct costs for an activity represent normal costs,which typically mean low-cost,efficient methods for completing the activity in a(n) ________ amount of time.

Sometimes very high ________ costs are recognized before a project begins and reducing these costs through shorter project duration becomes a high priority.

Identify and briefly describe three out of the six reasons given in the text for attempting to reduce the duration of a project.

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?

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

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

When crashing an activity,you always crash to its crash point.

When it is necessary to reduce project duration and resources are constrained,which of the following is NOT a reasonable option?

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

What does it mean to say that a project network is sensitive and why is that important to a project manager who needs to reduce the duration of his or her project?

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

Why should a project manager be cautious when adding resources to reduce project duration?

According to Brooks' Law,adding more people to a late project is most likely to have which of the following impacts?

When reducing project duration,there will always be an optimum cost-time point where the total cost of the project is less than it was when the project was initially planned under normal conditions.

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

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

Because direct costs are assumed to be developed from normal methods and in a normal amount of time,any reduction in activity time should ________ the cost of the activity.