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Chapter 9 material - Self-assessment review questions and answers for Chapter 9

The key terminology for project scheduling includes which of the following?
1. Activities, milestones, manpower, skill levels, and float
2. Activities, documentation, manpower, and skill levels
3. Float, activities, milestones, and time estimates
4. Time estimates, float, sponsorship involvement, and activities

What is the early start time and early finish time of activity L in weeks (click here to view figure)?
1. 12, 14
2. 13, 15
3. 14, 16
4. 15, 17

What are the critical path activities (click here to view figure)?
1. A, B, G, L, N
2. D, J, F, K, M, N
3. D, E, G, L, N
4. D, J, M, N

How many predecessors does activity G have (click here to view figure)?
1. Four
2. Three
3. One
4. Cannot be determined from the information provided

A line manager provides you with three estimates for his activity in your network diagram. His estimates are 2 weeks optimistically, 4 weeks most likely, and 12 weeks pessimistically. What is the expected time which should appear on the chart?
1. 4 weeks
2. 5 weeks
3. 6 weeks
4. None of the above

Activities J, K, and L are each the immediate predecessors for activity N. If the earliest finish times for J, K, and L are 5, 7, and 9, weeks respectively, what is the earliest start time for activity N?
1. 5 weeks
2. 7 weeks
3. 9 weeks
4. 21 weeks

The critical path in a project is determined by which of the following?
1. A forward pass
2. A forward pass and then a backward pass
3. A backward pass
4. Trial and error solutions

Which of the following is correct? Project budgets are used to:
I control costs and cash flow
II prepare budget baselines
III control project progress
1. I only
2. II only
3. I and III only
4. I, II, and III
Project budgeting includes which of the following major processes?
1. Resource planning, cost estimating, cost budgeting, cost control
2. Scope definition, cost estimating, cost budgeting, cost control
3. Scope definition, cost estimating, cost budgeting, change control
4. Resource planning, environmental analysis, cost budgets, cost control

Which of the following is correct? Schedule and budget baselines are:
1. fixed and therefore can never change
2. never fixed, except on small value projects
3. fixed towards the end of a project when risk levels have reduced
4. fixed, but subject to intermittent change

Baseline cost projections can be aggregated to high levels of the WBS for reporting purposes, and used to generate which of the following?
1. Milestones
2. Activity time-cost curves
3. S-curves
4. Parametric estimates

Which of the following is correct? The three approaches to project budgeting are:
1. Parametric, bottom-up, serial
2. Bottom-up, top-down, serial
3. Bottom-up, top-down, parametric
4. Top-down, bottom-up, iterative

What is a cost breakdown structure?
1. An alternative form of WBS used to control projects with cost as the main priority
2. A method of cost budgeting using an integrated WBS and OBS
3. A method of cost budgeting that replaces the need for a WBS and OBS (except for very large projects)
4. A structured list showing the cost of every item used in the project

What are the three most common types of project cost estimate?
1. Order of magnitude, parametric and budget
2. Parametric, bottom-up and top-down
3. Order of magnitude, budget and bottom-up
4. Analogous, parametric and top-down

Which of the following is correct? Company expenses such as auditing costs, supervision, office supplies, building rent, and maintenance are elements of the
1. capital budgeting process
2. overhead rates
3. contracts and administration costing system
4. fringe benefits package

What tool have project managers come to use to identify the costs associated with a project budget?
1. A bill of materials
2. A Gantt chart
3. A network diagram
4. A work breakdown structure

Typically, during which phase in a project life cycle are most of the project expenses incurred?
1. Initiation phase
2. Development phase
3. Execution phase
4. Close-out phase