Operations Management
17th Edition
ISBN: 9781259142208
Author: CACHON, Gérard, Terwiesch, Christian
Publisher: Mcgraw-hill Education,
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Chapter 19, Problem 8CQ
Summary Introduction
To determine: The correct statement that corresponds to slack time.
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Which of the following is not a reason why the critical path of a project is important?
Multiple Choice
The critical path helps you assign appropriate people to different tasks.
The critical path helps you determine how to spend your time monitoring a project.
The critical path helps you determine when it is appropriate to loan personnel to another project.
The critical path helps you determine how to accelerate the completion of the project.
All of these alternatives are reasons why the critical path of a project is important.
Office 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
75
An accepted deadline for project approaches. However, the project manager realizes only 75% percent of the work has been completed. The project manager then issues a change request. What should the change request authorize? Explain
Chapter 19 Solutions
Operations Management
Ch. 19 - A project has four activities that take 4, 3, 6,...Ch. 19 - Consider the simple dependency matrix shown in...Ch. 19 - Consider a project with two activities that are...Ch. 19 - Prob. 4CQCh. 19 - Prob. 5CQCh. 19 - Prob. 6CQCh. 19 - Prob. 7CQCh. 19 - Prob. 8CQCh. 19 - Prob. 9CQCh. 19 - Prob. 10CQ
Ch. 19 - Consider two projects that have the same...Ch. 19 - Prob. 12CQCh. 19 - Prob. 13CQCh. 19 - Prob. 14CQCh. 19 - The key objectives of a project are given by a....Ch. 19 - Which of the following descriptions best captures...Ch. 19 - Prob. 1PACh. 19 - Prob. 2PACh. 19 - Prob. 3PACh. 19 - Prob. 4PACh. 19 - A project activity has an earliest completion time...Ch. 19 - What is the definition of the latest completion...Ch. 19 - Which of the following statements is correct with...Ch. 19 - A project consists of three tasks: A, B, and C....Ch. 19 - Prob. 9PACh. 19 - Prob. 10PACh. 19 - You manage a project with 10 activities....Ch. 19 - Which of the following activities is not part of...Ch. 19 - You have been asked by the CEO of your company to...Ch. 19 - BUILDING A HOUSE IN THREE HOURS Habitat for...Ch. 19 - BUILDING A HOUSE IN THREE HOURS Habitat for...
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- The critical path in a project is the sequence of activities that:a. has the shortest time.b. has the smallest number of activities.c. has the shortest budget.d. None of these statements is correct.arrow_forwardProject risk management involves: O A. Analogous estimating, bottom-up estimating and parametric modelling O B. Cost estimating, cost budgeting and cost control O C. Risk identification, contingency budgeting and contracts management O D. Net present value, return on investment and payback analysisarrow_forwardWhich statement best describes the difference between the "early bird" and the "balancing act" time management styles? A.The early bird starts projects as soon as they are assigned; the balancing act starts projects the day before they are due B.The early bird completes projects before the deadline; the balancing act starts projects just before the deadline C.The early bird starts projects as soon as they are assigned; the balancing act thinks about projects a little longer before starting D.The early bird eats the worm; the balancing act shares it with his friendsarrow_forward
- Which of the following in the project management process defines a set of clear, discrete set of activities and resources required to complete a project? O Project Initiation. Project Execution. O Project Monitoring and Control. Project Planning.arrow_forwardSchedule updates of the project using actual finish times O a. show where there are increased risks for the project. O b. identify where there are too many resources on the project. O c. are calculated forwards and backwards in the project schedule as when planning the project schedule. O d. show how much money has been expended on the projectarrow_forward. True/False Statements (Tick the correct option) Selection of the critical path in network activity diagram for any project, is always focused onresult of the minimum time duration of the critical activities [ True / False ] Suppose, we have total 03 activities in the project “X”; namely L, M and N respectively. An activity “M” is the immediate successor of the activity “L”, while the activity “M” is the immediate predecessor for the activity “N”. According to this scenario, an activity “M” will be the last activity of the project “X” in the network activity diagram [True / False ] The dummy activity consumes both time and resources [True / False ] Towards the optimal solution through stepping stone method, when degeneracy problem is occurred, the next step is to focus on searching lowest value on the independent position in a non-allocated cells [True / False ] Hungarian algorithm, first convert any given assignment matrix into row reduction matrix [True / Falsearrow_forward
- To obtain reasonable assurance about the completion of the project within the timeline, the best method is which of the following? A. To interpolate the end date based on completed work and resource availability B. To obtain affirmation from the project manager about the project completion date C. To compare the estimated end date and estimated time for completion of the project D. To extrapolate the end date based on completed work and resource availability.arrow_forwardWhich of the following is NOT found in a project charter?A. Procedures to managing changes to contractsB. The business case for the projectC. Constraints and limitations on the project workD. Assumptions that have been made about the project Which of the following best describes the triple constraint?A. Cost, schedule, and qualityB. Cost, schedule and scopeC. Cost, resources, and scheduleD. Cost, schedule, and product What is a risk owner?A. The person who is responsible for the response plan for the risk.B. The person who monitors the watch list that contains the risk.C. The person who meets with stakeholders to explain the risk.D. The person who makes a risk happen.arrow_forward1. What’s the maximum amount of time that activity G can be delayed without delaying the whole project? (Whole number, no space, no commas, no decimal value). 2.What’s the maximum amount of time that activity A can be delayed without delaying the whole project? (Whole number, no space, no commas, no decimal value) 3. What’s the maximum amount of time that activity H can be delayed without delaying the whole project? (Whole number, no space, no commas, no decimal value)arrow_forward
- Construct an AON project network for the following set of activities. Analyze the project network, answer the following questions. Activity Activity Predecessor 2 3 5 6 7 Which of th 1 1 2 3 3 4,5,6 2 Time (months) 4 7 8 3 9 5 2 6 S aliath?arrow_forwardA bar chart shows the number and type of resources you need throughoutyour project is called a _______________.A. Organizational ChartB. Resource histogramC. Resource ScheduleD. Staffing Timetable You have identified an opportunity to potentially increase the project’s value.Which of the following is an example of enhancing that opportunity?A. By taking additional actions, you increase the potential reward without reducing itsprobabilityB. By forming a partnership with another company, the project’s value will increase forboth companiesC. By taking out insurance, you can reduce potential costs to the projectD. By documenting the opportunity in the register, you can keep track of it and ensureit gets exploitedarrow_forwardA potential conflict on projects is work scope; conflict can arise from differences of opinion on all the following except A. how much work should be done. B. how the work should be done. C. at what level of quality the work should be done. D. the cost of the work to be done.arrow_forward
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