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Self Quiz
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1

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 duration
B)the market
C)project delays
D)high overhead
E)incentive contracts
2

A contractor finished a bridge across a lake 18 months early and received more than $6 million for the early completion. This is an example of reducing project duration caused by
A)imposed project duration
B)the market
C)project delays
D)high overhead
E)incentive contracts
3

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
4

The shortest possible time an activity can be completed realistically is called ___ time.
A)expedited
B)accelerated
C)crash
D)optimistic
E)optimal
5

In shortening a project duration, managers should first look to activities that
A)take the most time
B)are on the critical path
C)provide the smallest increase in cost per unit of time
D)both A and C are correct
E)A, B, and C are all correct
6

Which of the following correctly 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)
7

In selecting the best activity to reduce you would first select the activity with the
A)earliest start time
B)steepest slope
C)least steep slope
D)longest duration
E)largest crash time
8

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
9

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
10

The relationship between cost and time for various durations is assumed to be
A)linear
B)curvilinear
C)variable
D)conversely related
E)exponentially related
11

The most common response for meeting unattainable deadlines is to
A)reduce or scale back the scope of the project
B)fire the project manager
C)hire more people
D)shift to the critical chain
E)implement the fast-tracking system
12

Which of the following is not one of the more commonly used options for cutting project costs?
A)reduce project scope
B)have owner take more responsibility
C)moving the completion date further out
D)brainstorming cost savings options
E)outsourcing project activities





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