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Quiz 2

The document contains a 15 question quiz about project management, forecasting, and ethics. The questions cover topics such as the three phases of project management (planning, scheduling, controlling), the definition of slack in PERT and CPM networks, assumptions of PERT such as activity times being uncertain, how PERT computes variance, the critical path, the project manager's responsibilities, dummy activities, limitations of PERT and CPM, bid rigging in procurement, forecasting horizons, types of forecasts such as sales forecasts, quantitative forecasting methods like exponential smoothing and moving averages, and time series models including naïve approach, exponential smoothing and moving averages but not linear regression.

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Këërtäñ Subramaniam
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130 views3 pages

Quiz 2

The document contains a 15 question quiz about project management, forecasting, and ethics. The questions cover topics such as the three phases of project management (planning, scheduling, controlling), the definition of slack in PERT and CPM networks, assumptions of PERT such as activity times being uncertain, how PERT computes variance, the critical path, the project manager's responsibilities, dummy activities, limitations of PERT and CPM, bid rigging in procurement, forecasting horizons, types of forecasts such as sales forecasts, quantitative forecasting methods like exponential smoothing and moving averages, and time series models including naïve approach, exponential smoothing and moving averages but not linear regression.

Uploaded by

Këërtäñ Subramaniam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

QUIZ 2

1. The three phases involved in the management of large projects are


A. planning, scheduling, controlling.
B. planning, scheduling, evaluating.
C. scheduling, operating, evaluating.
D. scheduling, designing, operating.

2. With respect to PERT and CPM, slack


A. is the amount of time a task may be delayed without changing the overall project
completion time.
B. marks the start or completion of a task.
C. is the latest time an activity can be started without delaying the entire project?
D. is a task or subproject that must be completed.

3. Which of the following is a basic assumption of PERT?


A. No activity in the network must be repeated.
B. There is only one complete route from the start of a project to the end of a project.
C. Activity completion times are known with certainty.
D. Only critical path activities in the network must be performed.

4. PERT analysis computes the variance of the total project completion time as
A. the variance of the final activity of the project.
B. the sum of the variances of all activities in the project.
C. the sum of the variances of all activities on the critical path.
D. the sum of the variances of all activities not on the critical path.

5. The critical path of a network is the


A. longest time path through the network.
B. path with the fewest activities.
C. shortest time path through the network.
D. path with the most activities.
6. Which of the following is a direct responsibility of the project manager?
A. Calculating completion probabilities for all tasks in the project.
B. Drawing the network diagram.
C. Making sure that the people assigned to the project receive the motivation, direction,
and information needed to do their jobs.
D. Performing all the activities in the project.

7. Dummy activities
A. cannot be on the critical path.
B. are found in both AOA and AON networks.
C. are used when two activities have identical starting and ending events.
D. have a duration equal to the shortest non-dummy activity in the network.

8. Which of the following is a limitation of PERT and CPM?


A. The graphical nature of a network delays comprehension of the activity list's
interrelationships.
B. They are applicable to only a narrow variety of projects and industries.
C. There is inherent danger of too much emphasis being placed on the critical path.
D. They can be used only to monitor schedules.

9. The ethical issue of divulging confidential information to some bidders to give them an
unfair advantage is known as
A. low balling.
B. expense account padding.
C. bid rigging.
D. bribery.

10. The forecasting time horizon that would typically be easiest to predict for would be the
A. long-range.
B. medium-range.
C. short-range.
D. intermediate range.
11. A forecast that projects a company's sales is a(n):
A. economic forecast.
B. technological forecast.
C. demand forecast.
D. associative model.

12. Quantitative methods of forecasting include


A. jury of executive opinion.
B. exponential smoothing.
C. consumer market survey.
D. sales force composite.

13. The forecasting model that is based upon salesperson's estimates of expected sales is
A. consumer market survey.
B. delphi method.
C. jury of executive opinion.
D. sales force composite.

14. Which of the following is NOT a time-series model?


A. naïve approach
B. exponential smoothing
C. moving averages
D. linear regression

15. Which of the following is NOT a time-series model?


A. naïve approach
B. exponential smoothing
C. moving averages
D. linear regression

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