Final Exam |Elaborated| PROJ430 - Advanced Project Management

Final Exam |Elaborated| PROJ430 - Advanced Project Management PERT and CPM are quantitative analysis tools designed to schedule and control large projects. ANSWER: TRUE 13.2 PERT is a deterministic analysis tool allowing for precise times of activities within a project. ANSWER: FALSE 13.3 PERT had its beginnings in a military department of the United States. ANSWER: TRUE 13.4 CPM is a probabilistic analysis of managing a project. ANSWER: FALSE 13.5 An event is a point in time that marks the beginning or ending of an activity. ANSWER: TRUE 13.6 A network is a graphical display of a project that contains both activities and events. ANSWER: TRUE 13.7 The optimistic time is the greatest amount of time that could be required to complete an activity. ANSWER: FALSE 13.8 PERT is a network technique similar to CPM, but PERT allows for project crashing. ANSWER: FALSE 13.9 The most likely completion time of an activity is used to represent that activity’s time within a project. ANSWER: FALSE 13.10 The expected completion time and variance of an activity is approximated by the normal distribution in a PERT analysis. ANSWER: FALSE 13.11 PERT was developed for a project for which activity or task times were uncertain. ANSWER: TRUE 13.12 CPM was developed for use in managing projects which are repeated and about which we have good information as to activity or task completion times.