Operations Management (GMS401) Quiz 1 Latest 2023 with complete solution
2 views 0 purchase
Course
Operations Management
Institution
Operations Management
Operations Management (GMS401) Quiz 1 Latest 2023 with complete solution
Activities on the critical path of a project have ______ slack.
Select one:
a. positive
b. zero
c. free
d. negative
zero
Activity slack time for an activity in a project means the activity has fell behind schedule.
...
operations management gms401 quiz 1 latest 2023 with complete solution activities on the critical path of a project have slack select one a positive b zero c free d negative zero activ
Written for
Operations Management
All documents for this subject (325)
Seller
Follow
magdamwikash23
Reviews received
Content preview
Operations Management (GMS401) Quiz 1 Latest 2023
with complete solution
Activities on the critical path of a project have ______ slack.
Select one:
a. positive
b. zero
c. free
d. negative
zero
Activity slack time for an activity in a project means the activity has fell behind schedule.
Select one:
a. True
b. False
False
Adding resources to reduce the amount of time it takes to complete project activities is
called:
Select one:
a. crashing
b. scope creep
c. simulation
d. indirect project costs
crashing
A diagram representing project activities including arrows and nodes to indicate
sequential relations among activities is called a:
Select one:
a. Gantt chart
b. Precedence network diagram
c. Work breakdown structure
d. Bar chart
Precedence network diagram
A major limitation of using Gantt charts for project management is that they do not:
Select one:
a. Indicate all the major activities involved.
b. Indicate the closeout phase.
c. Show the timing of activities.
d. Show relationships among activities.
Show relationships among activities.
Ensuring that project activities are defined as work packages that can be completed by
a specific worker or team is an essential part of what aspect of project planning?
Select one:
a. Defining project scope
b. Risk management planning
c. Work breakdown structure
d. Project scheduling
, Work breakdown structure
For the probabilistic approach to precedence network analysis, the duration of project
activities is estimated based on:
Select one:
a. The average of the optimistic, most likely and pessimistic estimates
b. An unequal weighted average of the optimistic, most likely and pessimistic estimates
c. Most likely + pessimistic - optimistic estimates
d. None of these calculations
An unequal weighted average of the optimistic, most likely and pessimistic estimates
Gantt charts cannot be used for managing projects because they do not indicate
relationships among activities.
a. True
b. False
False
Near the beginning of a project, risk occurrence has a relatively high probability, but the
cost associated with risk events early in a project tends to be low.
Select one:
a. True
b. False
True
Project control involves assessing progress against plans and:
Select one:
a. Developing revised project schedules.
b. Taking corrective action if necessary.
c. Reallocating slack among activities.
d. Revising project budgets.
Taking corrective action if necessary.
Project execution refers to the decision project managers sometimes have to make to
cancel a project.
Select one:
a. True
b. False
False
Project management software enables more "what if" scenario planning.
Select one:
a. True
b. False
True
Projects go through a life cycle that involves initiation, planning and scheduling,
execution, control and closeout.
Select one:
a. True
b. False
True
Reducing the length of a project, "crashing", by increasing direct costs to speed up
activities may be done to realize savings in indirect costs such as equipment or project
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller magdamwikash23. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
