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Exam 9: Reducing Project Duration

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Question 41

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Which of the following is/are included in a Project Cost-Duration Graph?

A) Total indirect cost
B) Total direct cost
C) Total project cost
D) Both A and B are correct
E) A, B, and C are all correct

F) B) and E)
G) A) and E)

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Question 42

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Collecting crash times for a moderate-size project is relatively easy.

A) True
B) False

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Question 43

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The total cost for each possible duration of a project is the sum of labor, materials, and equipment.

A network is considered to be ________ if it has a predominate critical path with no other path close in terms of slack.

The most common response for meeting unattainable deadlines is to

An activity's ________ is calculated by dividing the rise by the run.

According to ________, adding more manpower to a late software project makes it later.

Incentive contracts can make reduction of project time rewarding-usually for both the project contractor and owner.

A common method for shortening the project time is to:

The sum of the costs of all the work packages represents the total direct costs for the project.

Cost slope can be determined by dividing the

Shortening an activity's duration is termed crashing.

Identify and briefly describe five reasons for attempting to reduce the duration of a project.

The higher the slope of an activity the greater the cost to reduce its duration.

Crashing a project should occur:

Given an equal level of risk and the need to reduce overall project duration, why would you not select the activity with the lowest slope in the entire project network to crash first?

Draw a typical Project Cost-Duration Graph and label the key elements.

The easiest way to add more labor to a project is not to add more people, but to add ___________.

Managers have several effective methods for crashing specific project activities when resources are not constrained.

Identify options for accelerating a project schedule when resources are constrained or the budget is severely constrained.