Total project costs include all of the following except: |
A. All of these are included in total project costs |
An activity’s crash costs include ____ costs. |
C. Direct |
Which of the following correctly calculates an activity’s cost slope? |
B. (crash cost-normal cost)/(normal time-crash time) |
The optimum duration for a project is at the point where: |
E. Total project costs are the lowest |
Adverse weather, design flaws, and equipment breakdown can create negative slack. This is an example of reducing project duration caused by: |
C) Unforeseen project delays |
Which of the following is not considered a project indirect cost? |
C) Equipment |
Low-cost, realistic, efficient methods for completing an activity under normal conditions are supported by ____ time. |
A) Normal |
The shortest possible time an activity can be completed realistically is called ___ time. |
C) Crash |
____ costs are incurred when completing an activity in its realistically shortest time. |
C) Crash |
Cost slope can be determined by dividing the |
B) Rise by the run |
Which of the following correctly calculates an activity’s cost slope? |
B) (crash cost-normal cost)/(normal time-crash time) |
The optimum duration for a project is at the point where: |
D) Total project costs are the lowest |
Creating a Project Cost-Duration graph is useful: |
D) Both A and B are correct |
In selecting the best activity to reduce you would first select the activity with the |
D. Least steep slope |
If a network has several critical or near-critical paths it is deemed to be: |
D) Sensitive |
A positive situation where moving toward the optimum time can result in very real, large savings—this occurs when the network is: |
A) Insensitive |
Intense global competition and rapid technological advances create pressure on developing projects rapidly. This is an example of reducing project duration caused by: |
B. time to market |
Project costs are generally classified as ____ costs. |
D. Both A and B are correct |
The less steep the cost slope of an activity, the |
A. Less it costs to shorten one time period |
A common method for shortening the project time is to: |
E. A, B, and C are all correct |
Chapter 9-MGMT 368
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