FIB72@F2Which of the following statements about project management is true?OA. all tasks on the critical path have positive slackOB. all of the options are falseOC. slack may be either positive or negativeOD. some tasks on a project must have zero slackOE. all of the above are trueA Moving to another question will save this response.20#3#3F3DDDDDD4F4At%5F5MacBook Air30F6&7F7➤11*8F8

Utilizing certain information, skills, tools, and procedures in project management provides people…

Answered: Which of the following statements about…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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You’re managing a project with a schedule performance index (SPI) of 1.07and a cost performance index (CPI) of 0.94. How would you BEST describethis project?A. The project is ahead of schedule and within its budgetB. The project is behind schedule and within its budgetC. The project is ahead of its schedule and over its budgetD. The project is behind schedule and over its budget Which of the following is the BEST example of a reward system?A. Everyone will get a bonus of $500 if the project meets its quality goals, $500 if itmeets its budget goals, and $600 if it comes in on time.B. The team member who works the hardest will receive $1000C. The five team members who put in the most hours will get a trip to DisneylandD. The team will only get a bonus if the project comes in 50% under budget, scheduleand quality metric goals. Even though the team leads know this goal is unrealistic,they agree that it will motivate the team to work harder”
Primavera/Oraclewww.oracle.comGather information about Primavera project planning and scheduling software. Come toclass prepared to discuss the features of this software.
Based on the given scenario below, determine the common problems in project scheduling then explain howeach mistake can affect the project. 1. Client: “We want a completed project by next month.”You: “Can you give us some details about exactly what you need in the project deliverable?”Client: “You understand what we want. Just deliver that.” 2. You: “Ok, team. Phase 1 is due by next Monday. It is important. Let’s do it.” No further information. 3. You: “How long will it take to finish phase 1?”Team member: “I don’t know. Maybe 3 days.”You: “Sounds good!” 4. Client: “I know you said you won’t be done with this phase until Monday, but we really need it byThursday. What do you have to do to get it to us by then?”You (checking plan which shows this is impossible): “I really don’t think we can do that”Client: “Just get it done.”You: “Ok”. 5. Client: “When will the project be done?”You: “If everything goes according to plan, we will have the project complete in 3 weeks. So…3 weeks.” 6.…
The following descriptions are always true of the critical path in a projectEXCEPT: A. Contains the critical activitiesB. Is the longest path in a projectC. Has the most number of activitiesD. Takes the longest time to be completed
You are managing a project with a total budget of $450,000. According to theschedule, your team should have completed 45% of the work by now. But atthe latest status meeting, the team only reported that 40% of the work hasactually been completed. The team has spent $165,000 so far on the project.How would you BEST describe this project?A. The project is behind schedule and within its budgetB. The project is ahead of schedule and within its budgetC. The project is ahead of schedule and over its budgetD. The project is behind schedule and over its budget Which of the following is the correct order of the Monitoring & Controllingprocesses for Scope Management?A. First Scope Verification, then Scope ControlB. There is not enough information to decideC. First Scope Control, then Scope VerificationD. Both happen simultaneously
A project consists of three tasks: A, B, and C. Task A is known to take five days forsure. Tasks B and C are each dependent on A. B takes five days. C takes seven dayswith a probability of 0.5 and three days with a probability of 0.5. What is the expectedcompletion time of the project?a. 8 daysb. 10 daysc. 11 daysd. 12 days
6C. Change the time of at least two activities that can reduce the overall project duration, draw the new critical path and the new Gantt chart. First: Repeat 6B by changing the task time of any 2 or 3 tasks that will result in a smaller project duration. Please note that changing only terminal tasks (ending tasks) will not give you any credit as it is easy to reduce the duration of the project by changing the duration of the last task. To make the reduced task time more visible you can colour them RED and write about them. Second: identify the critical part and explain it. Explain if the critical path has changed and why? or why not? Third: Explain your answer for the new (shorter) project duration. This can be done by describing the process and the observations done once the answer has been found. Fourth: Draw the new project’s Gantt chart Fifth: Explain the Gantt chart by emphasizing the observations made. State your conclusions. thank you
The information below shows the order in which the activities of a project occur alongwith the time taken for each activity:Q must follow PR must follow PS must follow PT must follow SU must follow S and TV must follow S and TW must follow P, Q, R, S, T , U, VP takes 8 minutesQ takes 6 minutesR takes 6 minutesS takes 3 minutesT takes 3 minutesU takes 7 minutesV takes 7 minutesW takes 18 minutesConstruct an activity network to represent the project information given. Include the earlystart, early finish, late start and late finish times for EACH activity. Hence, determine thecritical path for the project.
Explain the difference between a project that has a fixed delivery day and one that has a fixed limit on resource usage. Why might a PM be interested in this difference?
Don't use AI PERT and CPM are NOT used in which phase of project management? A Controlling B. Planning C. Scheduling D. PERT and CPM are used in all three phases GIVE CORRECT ANSWER WITH FULL EXPLANATION
Only one-third of projects met their budget, timeline, and goal objectives, according to a recent IBM survey of 585 managers and developers of mobile applications. What are the dangers for businesses like FIMC that swiftly develop and implement mobile apps?
a) Draw a schedule showing the work package critical path and duration. b) Assume the wor kpackage has to be completed within 44 weeks.Calculate the most costeffective way of completing the work package within this time, giving the costincrease associated with this crash sequence. c) Discuss the main factors likely to be considered by the project manager whenconsidering time– cost trade-offs and time–quality trade-offs as ways of reducingthe overall time required to complete a project or work package.

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Which of the following statements about project management is true? OA. all tasks on the critical path have positive slack OB. all of the options are false OC. slack may be either positive or negative OD. some tasks on a project must have zero slack OE. all of the above are true