Question 1 of 20 5.0 Points What is a milestone?

Question 1 of 20 5.0 PointsWhat is a milestone? A. A significant event in the projectB. A mark on a chart that depicts project progressC. An activity on the critical pathD. An activity with an uncertain completion time Reset SelectionMark for Review What’s This? Question 2 of 20 5.0 PointsWhat is project slack? A. The amount of time a non-critical task can be delayed without making the project lateB. The amount of time the critical path of a project can be delayed without making the project lateC. The amount of time an activity on the critical path can be delayed without making the project lateD. The difference between how long the project would take if all tasks were completed based on their pessimistic versus optimistic time estimates Reset SelectionMark for Review What’s This? Question 3 of 20 5.0 PointsFor which purpose is simulation NOT used with regard to project scheduling? A. To overcome the limitations associated with statistical techniques used to develop probability of completion time estimatesB. To investigate the range of project completion timesC. To investigate the distribution of project completion timesD. To verify the accuracy of the optimistic, pessimistic, and most likely time estimatesQuestion 4 of 20 5.0 PointsTechnical dependencies on a project plan are easiest to see on a: A. Gantt chart.B. GERT chart.C. PERT/CPM chart.D. Work Breakdown Structure.Question 5 of 20 5.0 PointsPERT was originally used for what type of project? A. ConstructionB. R & DC. MilitaryD. Computer software developmentQuestion 6 of 20 5.0 PointsWhich of the following is NOT an element of the Gantt chart? A. Actual progressB. Variance of the critical pathC. The current dateD. Scheduled milestonesQuestion 7 of 20 5.0 PointsWhich of the following is typically used as the best estimate of task duration? A. Expected timeB. Pessimistic timeC. Optimistic timeD. Most likely timeQuestion 8 of 20 5.0 PointsWhich of the following terms is most closely associated with a task required by the project? A. ActivityB. EventC. MilestoneD. NetworkQuestion 9 of 20 5.0 PointsWhat is the expected time to complete a task with optimistic, most likely, and pessimistic times of 3, 4, and 7 days, respectively? A. 3B. 4C. 4.3D. 4.7Question 10 of 20 5.0 PointsWhat is the standard deviation of a task with optimistic, most likely, and pessimistic times of 3, 4, and 7 days, respectively, assuming the estimates were made at the 99% plus level? A. .444B. .667C. 1.212D. 1.469Question 11 of 20 5.0 PointsThe amount of time a noncritical task can be delayed without delaying the project is called: A. surplus.B. flop.C. slack.D. critical time.Question 12 of 20 5.0 PointsSlack is calculated as: A. LFT – EST.B. LFT – LST.C. LST – LFT.D. LFT – EFT.Question 13 of 20 5.0 PointsWhich of the following linkages is used to start two or more activities at the same time? A. Finish-to-startB. Start-to-startC. Finish-to-finishD. Start-to-finishQuestion 14 of 20 5.0 PointsOne shortcoming of the __________ network method is that it does not allow for leads and lags between two activities without greatly increasing the number of subactivities to account for this. A. Gantt ChartB. AONC. MSPD. PERT/CPMQuestion 15 of 20 5.0 PointsAn identifiable state resulting from the completion of one or more activities is called: A. an event.B. an activity.C. a milestone.D. a path. Reset SelectionQuestion 16 of 20 5.0 PointsThe major advantage of the Gantt chart is that it: A. addresses all activities.B. is easy to read.C. highlights critical task of the project.D. manages project scheduling. Reset SelectionQuestion 17 of 20 5.0 PointsA(n) __________ is an identifiable state resulting from the completion of one or more activities. A. pathB. milestoneC. critical pathD. event Reset SelectionQuestion 18 of 20 5.0 PointsFor any task on a critical path, its __________ must be the same as its __________.A. LST; LFTB. LFT; EFTC. LST; ESTD. EST; EFT Reset SelectionMark for Review What’s This?Question 19 of 20 5.0 PointsThe amount of time a noncritical task can be delayed without delaying the project is called:A. margin.B. completion variance.C. float.D. variable duration. Reset SelectionMark for Review What’s This?Question 20 of 20 5.0 PointsThe square root of the variance of statistical distribution equals the __________ of that distribution.A. standard deviationB. normal probabilityC. variance of the pathD. cumulative probability Reset Selection

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