Question 1

How is the optimum cost-time point determined? What are the conditions that must exist for one to be present at a project duration other than the duration originally created under normal conditions?

Accepted Answer

The answer of How is the optimum cost-time point determined?...

Question 2

In a Project Cost-Duration Graph,total project costs are a sum of

Accepted Answer

A)   Labor,material and equipment costs.
B)   Direct costs plus interest.
C)   Direct labor costs and the project manager's salary.
D)   Direct costs and the project manager's salary.
E)   Direct and indirect costs.

Question 3

Which of the following is NOT a rational reason to reduce project duration?

Accepted Answer

A)   Incentive contracts
B)   High network sensitivity
C)   Imposed deadlines
D)   High overhead costs
E)   Unforeseen delays

Question 4

An activity's ________ is calculated by dividing the rise by the run.

Accepted Answer

slope
Explanation: Cost Slope = Rise/Run.

Question 5

Costs such as labor,materials,equipment,or contractors are examples of ________ project costs.

Accepted Answer

direct
Explanation: Direct costs commonly represent labor,materials,equipment,and sometimes subcontractors.Direct costs are assigned directly to a work package and activity.

Question 6

Adverse weather,design flaws,and equipment breakdown can create negative slack.This is an example of reducing project duration caused by

Accepted Answer

A)   Imposed project deadlines.
B)   Time to market.
C)   Unforeseen project delays.
D)   High overhead.
E)   Incentive contracts.

Question 7

When reducing project duration,the duration for a project that is optimal is at the point where

Accepted Answer

A)   Direct costs are the lowest.
B)   Indirect costs are the lowest.
C)   Direct costs equal indirect costs.
D)   Total project costs are the lowest.
E)   The project changes from time-constrained to resource-constrained.

Question 8

The accuracy of crash times and costs is frequently rough at best,when compared with normal time and cost.

Accepted Answer

A) True 
 B)False

Question 9

What if cost,not time,is the issue? What are some options available to project managers? Identify and briefly describe three.

Accepted Answer

The answer of What if cost,not time,is the issue? What...

Question 10

Given that an activity's normal time and cost are 10 days and $400,respectively,and its crash time and cost are 5 days and $800,respectively,what is the activity's slope?

Accepted Answer

The answer of Given that an activity's normal time and...

Question 11

Which of the following is NOT considered a project indirect cost?

Accepted Answer

A)   Supervision
B)   Consultants
C)   Equipment
D)   Interest
E)   The project manager's salary

Question 12

Crashing can negatively impact the morale and motivation of the project team.

Accepted Answer

A) True 
 B)False

Question 13

When adding resources,there are limits as to how much speed can be gained.

Accepted Answer

A) True 
 B)False

Question 14

The relationship between the normal point and the crash point is assumed to be

Accepted Answer

A)   Linear.
B)   Curvilinear.
C)   Variable.
D)   Conversely related.
E)   Exponentially related.

Question 15

As a project is crashed and project duration is reduced,direct costs typically

Accepted Answer

A)   Increase.
B)   Become unstable.
C)   Decrease.
D)   Become unreliable.
E)   Stay the same. A

Question 16

Which of the following is NOT a technique for accelerating project completion when resources are not constrained?

Accepted Answer

A)   Assign additional staff and equipment
B)   Establish a core team
C)   Do it twice-first fast and then correctly
D)   Reduce project scope
E)   Compromise quality

Question 17

Without any formal planning,the president of a software company remarks in a speech that new technologically advanced software will be available in one year.This may lead to a project that must be done faster than anticipated.The completion date has been __________.

Accepted Answer

imposed
Explanation: Imposed deadlines a...

Question 18

Emily has recently learned that she needs to reduce the duration of her project to meet an imposed deadline.She has calculated the crash cost per unit and knows the maximum units each activity can be reduced.What is the next step?

Accepted Answer

A)   Find the activity with the lowest crash cost
B)   Calculate the optimum cost-time point
C)   Calculate the crash point
D)   Identify the critical path
E)   Find the activity with the highest crash cost

Question 19

Cost slope can be determined by dividing the

Accepted Answer

A)   Run by the rise.
B)   Rise by the run.
C)   Crash cost by the normal cost.
D)   Normal cost by the crash cost.
E)   Indirect cost by direct cost.

Question 20

In selecting the best activity to crash you would first select the activity with the

Accepted Answer

A)   Earliest start time.
B)   Most steep slope.
C)   Least steep slope.
D)   Longest duration.
E)   Largest crash time.

Exam 9: Reducing Project Duration

How is the optimum cost-time point determined? What are the conditions that must exist for one to be present at a project duration other than the duration originally created under normal conditions?

Correct AnswerverifiedShow Answer

In a Project Cost-Duration Graph,total project costs are a sum of

Correct AnswerverifiedShow Answer

Which of the following is NOT a rational reason to reduce project duration?

Correct AnswerverifiedShow Answer

An activity's ________ is calculated by dividing the rise by the run.

Correct Answerverifiedslope Explanation: Cost Slope = Rise/Run.

Costs such as labor,materials,equipment,or contractors are examples of ________ project costs.

Correct Answerverifieddirect Explanation: Direct costs commonly represent labor,materials,equipment,and sometimes subcontractors.Direct costs are assigned directly to a work package and activity.

Adverse weather,design flaws,and equipment breakdown can create negative slack.This is an example of reducing project duration caused by

Correct AnswerverifiedShow Answer

When reducing project duration,the duration for a project that is optimal is at the point where

Correct AnswerverifiedShow Answer

The accuracy of crash times and costs is frequently rough at best,when compared with normal time and cost.

Correct AnswerverifiedShow Answer

What if cost,not time,is the issue? What are some options available to project managers? Identify and briefly describe three.

Correct AnswerverifiedShow Answer

Given that an activity's normal time and cost are 10 days and $400,respectively,and its crash time and cost are 5 days and $800,respectively,what is the activity's slope?

Correct AnswerverifiedShow Answer

Which of the following is NOT considered a project indirect cost?

Correct AnswerverifiedShow Answer

Crashing can negatively impact the morale and motivation of the project team.

Correct AnswerverifiedShow Answer

When adding resources,there are limits as to how much speed can be gained.

Correct AnswerverifiedShow Answer

The relationship between the normal point and the crash point is assumed to be

Correct AnswerverifiedShow Answer

As a project is crashed and project duration is reduced,direct costs typically

Correct AnswerverifiedA

Which of the following is NOT a technique for accelerating project completion when resources are not constrained?

Correct AnswerverifiedShow Answer

Without any formal planning,the president of a software company remarks in a speech that new technologically advanced software will be available in one year.This may lead to a project that must be done faster than anticipated.The completion date has been __________.

Correct AnswerverifiedimposedExplanation: Imposed deadlines a...View AnswerShow Answer

Emily has recently learned that she needs to reduce the duration of her project to meet an imposed deadline.She has calculated the crash cost per unit and knows the maximum units each activity can be reduced.What is the next step?

Correct AnswerverifiedShow Answer

Cost slope can be determined by dividing the

Correct AnswerverifiedShow Answer

In selecting the best activity to crash you would first select the activity with the

Correct AnswerverifiedShow Answer

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slope Explanation: Cost Slope = Rise/Run.

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direct Explanation: Direct costs commonly represent labor,materials,equipment,and sometimes subcontractors.Direct costs are assigned directly to a work package and activity.

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imposed
Explanation: Imposed deadlines a...
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