Reducing Project Duration

This question bank verified by Studydeets

Questions Bank

Modern Project Management
Organization Strategy and Project Selection
Organization: Structure and Culture
Defining the Project
Estimating Project Times and Costs
Developing a Project Plan
Managing Risk
Scheduling Resources and Costs
Reducing Project Duration
Being an Effective Project Manager
Managing Project Team
Outsourcing: Managing Interorganizational Relations
Progress and Performance Measurement and Evaluation
Project Closure
International Projects
An Introduction to Agile Project Management

All Questions

Question 1

Free

Multiple Choice

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.This is an example of reducing project duration caused by

Choose correct answer/s

Imposed project deadlines.

Time to market.

Unforeseen project delays.

High overhead.

Incentive contracts.

Check answer

Question 2

Free

Multiple Choice

Intense global competition and rapid technological advances create pressure to develop projects rapidly.This is an example of reducing project duration caused by

Choose correct answer/s

Imposed project deadlines.

Time to market.

Unforeseen project delays.

High overhead.

Incentive contracts.

Check answer

Question 3

Free

Multiple Choice

A contractor finished a bridge across a lake 18 months early and received more than $6 million for the early completion.This is an example of reducing project duration caused by

Choose correct answer/s

Imposed project deadlines.

Time to market.

Unforeseen project delays.

High overhead.

Incentive contracts.

Check answer

Question 4

Free

Multiple Choice

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

Choose correct answer/s

Imposed project deadlines.

Time to market.

Unforeseen project delays.

High overhead.

Incentive contracts.

Check answer

Question 5

Free

Multiple Choice

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

Choose correct answer/s

Labor, material and equipment costs.

Direct costs plus interest.

Direct labor costs and the project manager's salary.

Direct costs and the project manager's salary.

Direct and indirect costs.

Check answer

Question 6

Multiple Choice

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

Choose correct answer/s

Supervision

Consultants

Equipment

Interest

The project manager's salary

To unlock the question

Question 7

Multiple Choice

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

Choose correct answer/s

Increase.

Become unstable.

Decrease.

Become unreliable.

Stay the same.

To unlock the question

Question 8

Multiple Choice

Before crashing, direct costs for an activity represent normal costs, which typically mean low-cost, efficient methods for completing the activity in a(n) ________ amount of time.

Choose correct answer/s

Normal

Budgeted

Optimized

Expected

Targeted

To unlock the question

Question 9

Multiple Choice

The shortest possible time an activity can be completed realistically is called _ ___ time.

Choose correct answer/s

Expedited

Accelerated

Crash

Optimistic

Optimal

To unlock the question

Question 10

Multiple Choice

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

Choose correct answer/s

Increase.

Become unstable.

Decrease.

Become unreliable.

Stay the same.

To unlock the question

Question 11

Multiple Choice

The direct cost for completing an activity in the shortest time it can realistically be completed in is called its __________ cost.

Choose correct answer/s

Normal

Reserve

Crash

Accelerated

Expedited

To unlock the question

Question 12

Multiple Choice

An activity's crash cost includes ________ costs.

Choose correct answer/s

Direct

Indirect

Overhead

Total

Normal

To unlock the question

Question 13

Multiple Choice

Cost slope can be determined by dividing the

Choose correct answer/s

Run by the rise.

Rise by the run.

Crash cost by the normal cost.

Normal cost by the crash cost.

Indirect cost by direct cost.

To unlock the question

Question 14

Multiple Choice

The less steep the cost slope of an activity, the

Choose correct answer/s

Less it costs to shorten one time period.

More it costs to shorten one time period.

Smaller the crash time is.

Larger the crash time is.

Cannot be determined by the information given.

To unlock the question

Question 15

Multiple Choice

Which of the following correctly calculates an activity's cost slope?

Choose correct answer/s

(normal cost - crash cost)/(normal time - crash time)

(crash cost - normal cost)/(normal time - crash time)

(normal time - crash time)/(crash cost - normal cost)

(normal time - crash time)/(normal cost - crash cost)

(crash cost - normal cost)/(crash time - normal time)

To unlock the question

Question 16

Multiple Choice

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?

Choose correct answer/s

Find the activity with the lowest crash cost

Calculate the optimum cost-time point

Calculate the crash point

Identify the critical path

Find the activity with the highest crash cost

To unlock the question

Question 17

Multiple Choice

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

Choose correct answer/s

Earliest start time.

Most steep slope.

Least steep slope.

Longest duration.

Largest crash time.

To unlock the question

Question 18

Multiple Choice

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

Choose correct answer/s

Direct costs are the lowest.

Indirect costs are the lowest.

Direct costs equal indirect costs.

Total project costs are the lowest.

The project changes from time-constrained to resource-constrained.

To unlock the question

Question 19

Multiple Choice

When reducing project duration, the crash cost per unit has to be calculated and the maximum units each activity can be reduced must be known.After this, the critical path must be identified.What is the next step?

Choose correct answer/s

Find the activity with the lowest crash cost

Calculate the optimum cost-time point

Calculate the crash point

Calculate indirect cost per time unit

Find the activity with the steepest cost slope

To unlock the question

Question 20

Multiple Choice

When determining which activity to crash, there are other factors that should be assessed beyond cost.Which of the following is NOT one of these factors?

Choose correct answer/s

The inherent risk associated with the activity

How crashing will impact the morale and motivation of the individuals working on that activity

Resource availability after crashing that activity

The level of difficulty involved in completing the activity

When during the project the activity will occur

To unlock the question

Reducing Project Duration

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.This is an example of reducing project duration caused by

Intense global competition and rapid technological advances create pressure to develop projects rapidly.This is an example of reducing project duration caused by

A contractor finished a bridge across a lake 18 months early and received more than $6 million for the early completion.This is an example of reducing project duration caused by

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

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

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

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

Before crashing, direct costs for an activity represent normal costs, which typically mean low-cost, efficient methods for completing the activity in a(n) ________ amount of time.

The shortest possible time an activity can be completed realistically is called ___ ­­­ _____ time.

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

The direct cost for completing an activity in the shortest time it can realistically be completed in is called its __________ cost.

An activity's crash cost includes ________ costs.

Cost slope can be determined by dividing the

The less steep the cost slope of an activity, the

Which of the following correctly calculates an activity's cost slope?

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?

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

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

When reducing project duration, the crash cost per unit has to be calculated and the maximum units each activity can be reduced must be known.After this, the critical path must be identified.What is the next step?

When determining which activity to crash, there are other factors that should be assessed beyond cost.Which of the following is NOT one of these factors?

The shortest possible time an activity can be completed realistically is called _ ___ time.