Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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1a. From Table 2, the cost ($) of the normal (before “crashing” any activity) completion of the project is: ____________
b. From Table 2, if the owners of the project wish to reduce the project’s normal completion time by one (1) week, they should consider “crashing” activity: __________________
c. From Table 2, the completion cost of the project after “crashing” one (1) activity by one (1) week is: _______________________
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- 24arrow_forwardThe ideal outcome of the planning process group is to complete a project successfully by delivering the agreed-upon project scope within time, cost, and quality constraints Select one: True False Initiating involves developing a project charter, which is part of the project ______ management knowledge area. Select one: a. scope b. risk c. communications d. integration Estimate activity resources output Select one: a. Activity list, activity attributes, milestone list, project management plan updates b. Project schedule network diagrams, project documents updates c. Activity resource requirements, resource breakdown structure, project documents updates d. Schedule management plan As time progresses, the scope of a project should become ... Select one: a. more clear and specific b. more vague c. more ambiguous d. more difficultarrow_forwardIn the space provided below create the network diagram that shows the relationship (logic) of project activities shown below and then number each event. 1. In a given project activities "A, B and C are initial activities that may begin at the same time 2. -----"D" cannot begin until "A" is complete. 3. ----- "B" must be complete before E can begin. 4. ----- "F" cannot start until "C" is finished. 5. ----- "G" cannot begin until "B" is finished. 6. ----- "G" and "D" must be done before "H" can begin. 7. ----- "I" cannot begin until "B" is finished. 8. ----- "J" can begin only after "F" and "I" are complete. 9. ----- Once "E" is complete, "K" can begin. 10. ---- The project will be finished when "H" "J" and "K" are complete.arrow_forward
- 28 The beta distribution is used in project management to: Select one: a. calculate pessimistic and optimistic activity times. b. calculate slack on activities not on the critical path. c. calculate the probability that a project will be completed within its budget. d. determine which activity should be crashed. e. none of thesearrow_forwardOne of Mary's employees, Shira, has obtained a new job and given her two weeks' notice. Shira was responsible for updating the company website with information on the new bag policy. Mary gave Shira's responsibilities to another employee in the Marketing department who has similar knowledge and skills.What is the probability of this risk occurring and what is the impact on the project? a.) Low probability and medium impact b.) High probability and high impact c.) Medium probability and low impact d.) High probability and low impactarrow_forward0.arrow_forward
- 50 The phases of project management are: Select one: a. different for manufacturing projects than for services projects b. GANTT, CPM, and PERT c. planning, organizing, staffing, leading and controlling d. planning, programing, and budgeting e. planning, scheduling, and controllingarrow_forwardWhich term describes a product produced as part of a project? Work package Deliverable Scope Varianarrow_forwardOffice Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Activity A B с D E F Description Plan needs Order equipment Install equipment Set up training lab Conduct training course Test system Immediate Predecessor A B A D C, E Time (weeks) Normal Crash 10 8 10 7 10 3 6 7 6 8 3 Cost ($1,000s) Normal 30 120 100 40 50 60 Crash 70 150 160 50 75arrow_forward
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