1. The amount of time a noncritical task can be delayed without delaying the project is called?

a) surplus

b) flop

c) slack

d) critical time

e) safety

2. Slack is calculated as?

a) LFT - EST

b) LFT - LST

c) LST - LFT

d) LFT - EFT

e) EFT - EST

3. What is the expected time to complete a task with an optimistic, most likely, and pessimistic times of 3, 4, and 7 days respectively?

a) 3

b) 4

c) 4.3

d) 4.7

e) 7

4. Which of the following is an extension to PERT/CPM?

a) CERT

b) FMEA

c) Gantt Charts

d) GERT

e) network diagrams

5. An identifiable state resulting from the completion of one or more activities is called?

a) an event

b) an activity

c) a milestone

d) a path

e) the critical path

6. The primary cause of concern in resource allocation is

a) labor cost

b) resource scarcity

c) lack of solution methodologies

d) parallel activities

e) equipment downtime

7. A project that cannot go over budget is considered

a) time constrained

b) schedule constrained

c) resource constrained

d) performance constrained

e) critically constrained

8. The task duration with standard-practice resource usage is referred to as the

a) expected task duration

b) nominal task duration

c) crash duration

d) normal task duration

e) planned task duration

9. A task has a normal duration of 9 days and a crash duration of 7 days. Its normal cost is $40 and its crash cost is $100. What is the crash cost per day?

a) $140

b) $70

c) $50

d) $40

e) $30

10. Which of the following is NOT associated with the spreadsheet model used to solve the crashing problem?

a) Minimize the total cost of completing the project.

b) Minimize the number of activities crashed.

c) Complete the project by a specified time.

d) Maintain the precedence relationships specified in the network diagram.

e) Bounds on the amount each task can be crashed.

11. Project monitoring and control can be thought of as opposite sides of project selection and planning.(True/False)

12. Control is the collection, recording, and reporting of project information.(True/False)

13. The purpose of control is to ensure that all interested parties have the information they need.(True/False)

14. The most important use of data gathered from monitoring is learning from mistakes.(True/False)

15. The most important use of data gathered from monitoring is control.(True/False)

16. Which of the following is NOT a component of a control system?

a) effector

b) sensor

c) decision maker

d) leveler

e) standard

17. Which of the following is NOT a tool used to aid the PM in project control?

a) variance analysis

b) trend projections

c) earned value analysis

d) control charts

e) discounted cash flow analysis

18. The most common source of changes to a project based on the natural tendency of the client and project team members to improve the projects output is called

a) scope creep

b) projectitis

c) multitasking

d) dynamic scoping

e) unfreezing

19. Which of the following is NOT true regarding meetings?

a) A written agenda should be distributed in advance of the meeting.

b) The agenda should announce pre-set starting and stopping times.

c) It is appropriate to be flexible and extend a meetings stopping time if issues come up that were not on the agenda.

d) Dont penalize those who show up on time by making them wait for those who are late.

e) All of the above are true.

20. The first step in setting up a monitoring system is to:

a) identify personnel

b) identify all project milestones

c) identify key factors to be controlled

d) identify reports required

e) develop a change request form

21. Which of the following is NOT a type of project termination mentioned in the text?

a) project extinction

b) termination-by-addition

c) termination-by-integration

d) termination-by-starvation

e) termination-by-elimination

22. Which of the following is most closely associated with the output of a project becoming a standard part of the operating systems of the sponsoring firm or client?

a) termination-by-addition

b) termination-by-extinction

c) termination-by-integration

d) termination-by-starvation

e) termination-by-elimination

23. Which of the following is NOT a main duty of the termination manager?

a) Oversee the closing of the projects books

b) Complete the project final report

c) Ascertain any product support requirements

d) Ensure completion of work

e) Ensure that documentation is complete

24. Which of the following is typically NOT included in the project final report?

a) administrative performance

b) project performance

c) organizational structure

d) project teamwork

e) risk analysis and risk management

25. Which of the following is NOT part of a termination project?

a) on-site audit

b) personnel reports

c) reassignment plan

d) final payments

e) supplier notifications

1. The Audit Report, six elements are listed that should be included in every audit report. For each element, explain why its inclusion is important.

2. A task is expected to take 20 hours of labor at $25 per hour (direct cost). The required material cost is $500. The organization adds a burden of 30% to all direct labor costs to account for overhead. It does not add any burden on top of material costs. What is the total task cost?

3. You are preparing a project to lay fiber optic cable. The first task is to mobilize the team. You estimate this will take one week and cost $3000. The second task is to lay the cable. This will take three weeks and will cost $45,000. The total length of the cable is 15 miles. The last task, which will take one week, is to Terminate and test the cable. You budget $5000 for this. At the end of the first week, you have completed mobilization, but it cost a total of $4500. At the end of the third week, you have completed five miles of cable at a total cost of $28,000 (installation only). It takes you a total of 10 weeks to complete the entire project, for a total cost of $65,000.

1. 1. At the end of week 1:

      1. What is your SPI?

      2. What is your CPI?

      3. What is your EAC?

   2. At the end of week 3:

      1. What is your SPI?

      2. What is your CPI?

      3. What is your EAC?

   3. At the end of the project:

      1. What is your SPI?

      2. What is your CPI?

      3. What is your EAC?

4. What elements of the termination process maybe responsible for making a project unsuccessful ?