Project Management

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Question 1

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Good project management is very important with virtual teams.

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Question 2

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One way that project management differs from management of more traditional activities is because of the limited time framework of projects.

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Question 3

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Once a project is approved and underway, project managers are only responsible for effectively managing time and costs which, if done well, will assure project completion on time and on budget.

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Question 4

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Matrix organizations transfer control of workers to project managers for the duration of the project.

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Question 5

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Some organizations use a matrix organization to integrate the activities of specialists within a functional framework.

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Question 6

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The project computing algorithm requires both a forward and a backward pass.

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Question 7

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A hierarchical listing of what must be done during a project is called matrix.

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Question 8

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An advantage of Gantt charts in project management is that they identify which activities can be delayed without delaying the overall project.

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Question 9

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A Gantt chart is a popular visual tool for displaying the established precedence relationships.

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Question 10

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The higher the node number, the longer the activity will take.

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Question 11

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The probability of occurrence of risk events is lower near the beginning of a project and higher near the end of the project since very few activities remain.

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Question 12

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The costs associated with risk events tend to be lower near the beginning of a project and higher near the end of the project.

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Question 13

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Although PERT and CPM were originally developed independently, they are now nearly identical in terms of analysis and procedures.

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Question 14

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The network diagram shows sequential relationships among major activities on a project.

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Question 15

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The path in a network with the average length of time to completion is called the critical path.

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Question 16

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The sum of times of the longest path in a network indicates expected project duration, and the activities represent the critical activities.

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Question 17

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Path probabilities are calculated by dividing path mean by path standard deviations.

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Question 18

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The main function of dummy activities is to clarify relationships in network diagrams.

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Question 19

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The earliest finish time for an activity is equal to the latest finish time minus the activity time.

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Question 20

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The latest starting time for an activity is equal to the latest finish time minus the activity time.

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