Troy University - MGT 3373CHAPTER 3

CHAPTER 3: PROJECT MANAGEMENT TRUE/FALSE 1. The ES of an activity that has only one predecessor is simply the EF of that predecessor. True (Determining the project schedule, moderate) 2. One phase of a large project ...

CHAPTER 3: PROJECT MANAGEMENT TRUE/FALSE 1. The ES of an activity that has only one predecessor is simply the EF of that predecessor. True (Determining the project schedule, moderate) 2. One phase of a large project is scheduling. True (The importance of project management, easy) 3. A project organization works best for an organization when the project resides in only one of its functional areas. False (Project planning, moderate) 4. By their very nature, projects have a limited lifetime, and that sets project management apart from the management of more traditional activities. True (Project planning, moderate) 5. One responsibility of a project manager is to make sure that the project meets its quality goals. True (Project planning, moderate) 6. Work Breakdown Structure is a useful tool in project management because it addresses the timing of individual work elements. False (Project planning, moderate) 7. Project managers have their own code of ethics, established by the Project Management Institute. True (Ethical issues faced in project management, moderate) {AACSB: Ethical Reasoning} 8. Ethical issues which can arise in projects include bid rigging, bribery, and "low balling." True (Ethical issues faced in project management, easy) {AACSB: Ethical Reasoning} 9. Gantt charts give a timeline for each of a project's activities, but do not adequately show the interrelationships of activities. True (Project scheduling, moderate) 10. PERT, but not CPM, has the ability to consider the precedence relationships in a project. False (Project scheduling, moderate) 11. The shortest of all paths through the network is the critical path. False (Project management techniques: PERT and CPM, moderate) 12. The fundamental difference between PERT and CPM is that PERT uses the beta distribution for crashing projects while CPM uses cost estimates. False (Project management techniques: PERT and CPM, moderate) 13. Slack is the amount of time an activity can be delayed without delaying the entire project. True (Project management techniques: PERT and CPM, moderate) 14. Every network has at least one critical path.True (Project management techniques: PERT and CPM, moderate) 15. The critical path can be determined by use of either the "forward pass" or the "backward pass." False (Project management techniques: PERT and CPM, moderate) 16. The PERT pessimistic time estimate is an estimate of the minimum time an activity will require. False (Project management techniques: PERT and CPM, easy) 17. The standard deviation of project duration is the average of the standard deviation of all activities on the critical path. False (Project management techniques: PERT and CPM, moderate) 18. In PERT analysis, the identification of the critical path can be incorrect if a noncritical activity takes substantially more than its expected time. True (Project management techniques: PERT and CPM, difficult) 19. Shortening the project's duration by deleting unnecessary activities is called "project crashing." False (Cost-time trade-offs and project crashing, moderate) 20. In project management, crashing an activity must consider the impact on all paths in the network. True (Cost-time trade-offs and project crashing, moderate) MULTIPLE CHOICE 21. Which of the following statements regarding Bechtel is true? 1. a. Its competitive advantage is project management. 2. b. Bechtel was the construction contractor for the Hoover Dam. 3. c. While helping to rebuild Iraq, Bechtel’s crews had to travel under armed escort. 4. d. Bechtel's procurement program is global in nature. 5. e. All of the above are true. e (Global company profile, easy)