Brs Mdm3 Tif Ch07

2542 Words Jan 3rd, 2015 11 Pages
Managerial Decision Modeling w/ Spreadsheets, 3e (Balakrishnan/Render/Stair)
Chapter 7 Project Management

7.1 Chapter Questions

Use this information to answer the following questions.

Consider the following Activity-On-Node (AON) project (activity completion times are in days).

1) Refer to the figure. What is the critical path?
A) ABDF
B) ABEF
C) ACDF
D) ACEF
E) none of the above
Answer: D
Page Ref: 280
Topic: Determining the Project Schedule
Difficulty: Easy

2) Refer to the figure. How long will take to complete the project?
A) 15 days
B) 14 days
C) 13 days
D) 12 days
E) 11 days
Answer: A
Page Ref: 280
Topic: Determining the Project Schedule
Difficulty: Easy
AACSB: Analytic Skills
3) Refer to the figure. What is the
…show more content…
A) 19.45 days
B) 19 days
C) 18 days
D) 20.56 days
E) 18.54 days
Answer: D
Page Ref: 287
Topic: Variability in Activity Times
Difficulty: Moderate
AACSB: Analytic Skills

16) Which of the following statements about the project budgeting process is TRUE?
A) The weekly budget is formed by only using the early start times of each activity.
B) The weekly budget is formed by only using the late start times of each activity.
C) The weekly budget is formed by only using the early start time of each activity on the critical path.
D) The weekly budget is formed by using both the early start and finish times of each activity on the critical path.
E) The weekly budget is formed by using both the early start and finish times of each activity.
Answer: E
Page Ref: 287
Topic: Managing Project Costs and Other Resources
Difficulty: Moderate

17) A graph that plots the total resources needed per period vs. time is called a(n) ________.
A) Gantt Chart
B) Resource Loading Chart
C) Work Breakdown Structure
D) Project Network Chart
E) PERT/CPM Chart
Answer: B
Page Ref: 291
Topic: Managing Project Costs and Other Resources
Difficulty: Easy
18) Activity A has a standard cost of $500 and the standard time to complete Activity A is 5 weeks. The crash time for Activity A is 3 weeks and the crash cost is $600. What is the crash cost per week for Activity A?
A) $50
B) $100
C) $150
D) $200
E) $300
Answer: A
Page Ref: 293
Topic: Project Crashing

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