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Practical Management Science

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Which of the following statements about project management is true?
OA. all tasks on the critical path have positive slack
OB. all of the options are false
OC. slack may be either positive or negative
OD. some tasks on a project must have zero slack
OE. all of the above are true
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If the last activity in the critical path has a completion date that is five days later than the project completion date, the project has a _______ _________ (two words) of five days
Analyze which type of project termination is this:i. Completing a bridge constructionii. Completing an extra building construction of a collegeiii. Opening a new department of an universityiv. Stopping a project due to lack of budget
A graphical representation that shows project events as nodes and arrows represents relationship is known as Select one: a. Activity on Bars O b. Precedence diagram O c. Gantt Chart O d. Activities on Arrow O e. Activity on Nodes
Multiple choice: 8. A simple CPM network has three activities, D, E, and F. D is an immediate predecessor of E and of F. E is an immediate predecessor of F. The activity durations are D=4, E=3, F=9. A. the critical path is D-E-F, duration 13 B. the critical path is D-F, duration 16 C. slack at D is 3 units D. slack at E is 3 units E. none of the above 9. Which of the following is the best example of competing on low-cost leadership? A. A firm offers more reliable products than its competitors. B. A firm's products are introduced into the market faster than its competitors. C. A firm's research and development department generates many ideas for new products. D. A firm produces its product with less raw material waste than its competitors. E. A firm advertises more than its competitors. 10. Which of the following services is least likely to be unique, i.e., customized to a particular individual's needs? A. elementary education B. computer consulting C. legal services D. hairdressing E.…
When crashing a project, the general guideline is to concentrate on the path with?a. The least expensive gradientb. The most expensive gradientc. The task with the most slackd. The task with the least slack
10. The late start time for an activity is equal to the late finish time minus the activity time. True False
A Gantt chart is a project schedule that superimposes project activities on a time line. Part 2 True False
You are managing a software development project. Only 35% of the work has so far been completed, while the planned schedule called for 50% completion by this date. Originally budgeted for $250,000, the team has already spent $150,000 on the project. What is the best way to describe the state of this project? Ahead of schedule, within budget Behind schedule, within budget Ahead of schedule, over budget Behind schedule, over budget
[Project Management] Kymco, a motorbike manufacturer, has invested millions in establishing a plant in Malaysia to assemble "complete knock down" (CKD) scooters for the Asian market. The assembly of the motorcycle scooter will be carried out in sequence. Assuming you are the plant engineer, you will be responsible for ensuring that the first batch of scooters is manufactured on schedule. Each scooter assembly should not exceed 24 hours. Task Duration in Hours Start - A 2 Start - B 3 А - С 5 А-D 4 В -С В -F 2 С -Е 3 С -F Dummy* D- End 1 E - End 3 F- End 4 Apply PDM to manage and calculate the float time of the schedule of the project. The relevant tasks and its duration are given in the table.
Activity D on a CPM network has predecessors B and C, and has successor F. D has duration 6. B's earliest finish is 18, while C's is 20. F's late startis 26. Which of the following is definitely true? A. D is critical, and has a slack of two days. O B. B is a critical activity. O C. C is completed before B. O D. F is critical, and has zero slack. O E. D has no slack but is not critical.
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Consider a project with four activities. Activities A1, A2, and A3 all can start immediately.However, A4 requires the completion of A1, A2, and A3. A1 can take any time between4 and 8 days. A2 can take any time between 2 and 6 days. A3 always takes 5 days. Inaddition to A4, which activity (or activities) has the potential to be on the critical path?a. A1b. A1 and A2c. A2 and A3d. A1, A2, and A3e. None of these options is correct

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