2024 – Reducing Project Duration The president of a software company remarks in a speech that new technologically advanced software

2024 – Reducing Project Duration The president of a software company remarks in a speech that new technologically advanced software.

Reducing Project Duration

 

   
The president of a software company remarks in a speech that new technologically advanced software will be available in one year. This is an example of reducing project duration caused by:
    A)
Imposed project deadlines
    B)
Time to market
    C)
Unforeseen project delays
    D)
High overhead
    E)
Incentive contracts
    

 
   
Adverse weather, design flaws, and equipment breakdown can create negative slack. This is an example of reducing project duration caused by:
    A)
Imposed project deadlines
    B)
Time to market
    C)
Unforeseen project delays
    D)
High overhead
    E)
Incentive contracts
    

 
   
Which of the following is not considered a project indirect cost?
    A)
Supervision
    B)
Consultants
    C)
Equipment
    D)
Interest
    E)
All of these are considered project indirect costs
    

 
   
Low-cost, realistic, efficient methods for completing an activity under normal conditions are supported by ____ time.
    A)
Normal
    B)
Budget
    C)
Optimized
    D)
Expected
    E)
Target
    

 
5    
The shortest possible time an activity can be completed realistically is called ___ time.
    A)
Expedited
    B)
Accelerated
    C)
Crash
    D)
Optimistic
    E)
Optimal
    

 
6    
____ costs are incurred when completing an activity in its realistically shortest time.
    A)
Normal
    B)
Reserve
    C)
Crash
    D)
Accelerated
    E)
Expedited
    

 
   
Cost slope can be determined by dividing the
    A)
Run by the rise
    B)
Rise by the run
    C)
Crash cost by the normal cost
    D)
Normal cost by the crash cost
    E)
Both B and C are
    

 
  
Which of the following ly calculates an activity’s cost slope?
    A)
(normal cost-crash cost)/(normal time-crash time)
    B)
(crash cost-normal cost)/(normal time-crash time)
    C)
(normal time-crash time)/(crash cost-normal cost)
    D)
(normal time-crash time)/(normal cost-crash cost)
    E)
(crash cost-normal cost)/(crash time-normal time)
    

 
   
The optimum duration for a project is at the point where:
    A)
Direct costs are the lowest
    B)
Indirect costs are the lowest
    C)
Direct costs equal indirect costs
    D)
Total project costs are the lowest
    E)
The project changes from time-constrained to resource-constrained
    

 
   
Creating a Project Cost-Duration graph is useful:
    A)
During the pre-project planning phase
    B)
After the project has begun
    C)
After the completion of the project
    D)
Both A and B are
    E)
A, B, and C are all
    

 
   
If a network has several critical or near-critical paths it is deemed to be:
    A)
Well planned
    B)
The lowest cost alternative
    C)
Resource-constrained
    D)
Sensitive
    E)
Insensitive
    

 
   
A positive situation where moving toward the optimum time can result in very real, large savings—this occurs when the network is:
    A)
Insensitive
    B)
Sensitive
    C)
Ahead of schedule
    D)
Shifting to the critical chain
    E)
Implementing a fast-tracking system
    

 
13    
Which of the following is the most common method for shortening project time?
    A)
Assigning additional staff and equipment
    B)
Subcontract work
    C)
Schedule overtime
    D)
Reduce project scope
    E)
Reduce the quality
    

 
14    
Which of the following is the easiest method for shortening project time?
    A)
Assigning additional staff and equipment
    B)
Subcontract work
    C)
Schedule overtime
    D)
Reduce project scope
    E)
Reduce the quality
    

 
15    
The Snapshot from Practice “Cell-Phone Wars” is an excellent example of reducing project duration due to:
    A)
Imposed project deadlines
    B)
Time to market
    C)
Unforeseen project delays
    D)
High overhead
    E)
Incentive contracts