Good project management is especially important with virtual teams.
True / False Questions
- Good project management is especially important with virtual teams.
- One way that project management differs from management of more traditional activities is because of the limited life-time of projects.
- 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.
- Matrix organizations transfer control of workers to project managers for the duration of the project.
- Some organizations use a matrix organization to integrate the activities of specialists within a functional framework.
- The computing algorithm requires both a forward and backward pass.
7. A hierarchical (vertical) listing of what must be done during a project is called matrix.
8. An advantage of Gantt charts in project management is that they identify which activities can be delayed without delaying the overall project.
9. A Gantt chart is built using established precedence relationships.
10. The higher the node number, the longer the activity will take.
11. 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.
12. The costs associated with risk events tend to be lower near the beginning of a project, and higher near the end of the project.
13. Although PERT and CPM were originally developed for somewhat different types of projects, they are now nearly identical in terms of analysis and procedures.
14. The network diagram describes sequential relationships among major activities on a project.
15. The path in a network with the average length of time to completion is called the critical path.
16. The sum of times of the longest path in a network indicates expected project completion time, and the activities represent the critical activities.
17. Path probabilities are calculated by dividing path mean by path standard deviations.
18. The main function of dummy activities is to clarify relationships in network diagrams.
19. The earliest finish time for an activity is equal to the latest finish time minus the activity time.
20. The latest starting time for an activity is equal to the latest finish time minus the activity time.
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