Liberty BUSI681 2020 April Quiz 1 Latest

BUSI681 Advanced Project Management 2

Quiz 1

Question 1One of the advantages of using a project cost-duration graph is that it keeps the importance of indirect costs in the forefront of decision making.

Question 2As a project is crashed and project duration is reduced, indirect costs typically

Question 3In selecting the best activity to crash you would first select the activity with the

Question 4Total cost for specific project durations is computed and then compared with the benefits of reducing project time, before the project begins or while it is in progress.

Question 5Incentive contracts can make the reduction of project time rewarding-usually for both the project contractor and owner.

Question 6When crashing an activity, you always crash to its crash point.

Question 7The total cost for each time unit of a project is the sum of labor, materials, and equipment.

Question 8The cost slope of an activity is calculated by dividing the run by the rise.

Question 9Resources are frequently over-allocated when crashing a schedule.

Question 10Which of the following is NOT a technique for accelerating project completion when resources are not constrained?

Question 11As a project is crashed and project duration is reduced, direct costs typically

Question 12Because direct costs are assumed to be developed from "normal" methods and in a "normal" amount of time, any reduction in activity time should add to the costs of the activity.

Question 13Without 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

Question 14Intense global competition and rapid technological advances create pressure to develop projects rapidly. This is an example of reducing project duration caused by

Question 15All of the following are disadvantages of scheduling overtime EXCEPT

Question 16A 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

Question 17Which of the following correctly calculates an activity's cost slope?

Question 18An activity's normal time and cost are 8 and $100, respectively. Its estimated crash time and cost are 6 and $160, respectively. What is this activity's crash cost per time unit?

Question 19Brooks' law states that adding manpower to a software project helps keep it on schedule.

 

Question 20Managers have several effective methods for crashing specific project activities when resources are not constrained.

Question 21Which of the following is NOT one of the more commonly used options for cutting project costs?

Question 22Emily 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?

Question 23Crashing frequently results in over allocation of resources.

Question 24If indirect costs are a significant percentage of total project costs, reductions in project time can represent very real savings.

Question 25In a Project Cost-Duration Graph, total project costs are a sum of

Question 26Insensitive networks are a rarity; Planning for a sensitive network is more practical.

Question 27The higher the cost slope of an activity the lower the cost to reduce its duration.

Question 28The accuracy of crash times and costs is frequently rough at best, when compared with normal time and cost.

Question 29There are more options available for reducing project time if you are not resource constrained.

Question 30Crashing a more expensive activity may be wise if fewer inherent risks are involved.