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OMGT 4733 Exam Questions with Correct Answers
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OMGT 4733 Exam Questions with Correct Answers
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OMGT 4733 Exam Questions withCorrect Answers
The sum of the costs of all the work packages represents the total direct costs for the
project. - Answer-True
Because direct costs are assumed to be developed from "normal" methods and in a
"normal" amount of time, any reduction in activity time should add to the costs of the
activity. - Answer-True
While the relationship between normal and crash times is really curvilinear, the
assumption that it is linear is seldom a concern for practicing managers. - Answer-True
Direct costs are so named because they can be assigned directly to a work package
and activity. - Answer-True
Expected time for an activity represents low-cost, realistic, efficient methods for
completing the activity under anticipated conditions. - Answer-False
Marianne has just learned that she needs to reduce the duration of her project to meet
an imposed deadline. She has calculated the crash cost per unit and knows the
maximum units each activity can be reduced. However, activities that are critical cannot
be reduced. What action should she consider? - Answer-?
Sometimes very high __________ costs are recognized before a project begins and
reducing these costs through shorter project durations becomes a high priority. -
Answer-Overhead
According to Brooks' Law, adding more people to a late project is most likely to have
which of the following impacts? - Answer-Make the project slip further
As a project is crashed and project duration is reduced, direct costs typically - Answer-
not stay he same or decrease
Intense global competition and rapid technological advances create pressure to develop
projects rapidly. This is an example of reducing project duration caused by - Answer-
Time to Market
Which of the following correctly calculates an activity's cost slope? - Answer-(Crash
cost-normal cost)/(normal time-crash time)
The most common method for shortening project time is to - Answer-Add additional staff
and equipment
, A project that has several near-critical or critical paths is said to be - Answer-Sensitive
Helen has just learned that she needs to reduce the duration of her project to meet an
imposed deadline. She has calculated the crash cost per unit and knows the maximum
units each activity can be reduced. What is the next step? - Answer-Identify the critical
path
Probably the most common response for meeting unattainable deadlines is to: -
Answer-Reduce or scale back the scope of the project
To reduce the duration of a project by reducing activity duration, the first criteria is that
the activity to be reduced must be on the critical path - Answer-True
Incentive contracts can make the reduction of project time rewarding-usually for both
the project contractor and owner - Answer-True
A rule of thumb for moderate to high technology firms is that a six month delay in
bringing a product to market can result in a loss of market share of about 35 percent -
Answer-True
Because direct costs are assumed to be developed from "normal" methods and in a
"normal" amount of time, any reduction in activity time should add to the costs of the
activity - Answer-True
When reducing project duration, there will always be an optimum cost-time point where
the total cost of the project is less than it was when the project was initially planned
under normal conditions - Answer-False
Which of the following is not on of the more commonly used options for cutting project
costs? - Answer-Moving the completion date farther out
An activity's crash cost include......costs - Answer-Direct
Without any formal planning, the president of a software company remarks in a speech
that new technologically advanced software will be available in one year. This may lead
to a project that much be done faster than anticipated. This is an example of reducing
project duration caused by - Answer-Imposed project duration
Project costs are generally classified as ____ costs. - Answer-Direct and indirect
The optimum cost time point for a project is when the - Answer-Total project costs are
the lowest
Adding labor is an effective way to reduce project duration. Which of the following is the
easiest method to add more labor? - Answer-Schedule overtime
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