ISOM Exam 2 || 100% Accurate Answers.
If a project has exactly one critical path, which one of the following statements is TRUE? correct
answers Crashing an activity on the critical path will always result in a reduced total project
completion time.
In a network diagram, an activity: correct answers is the smallest unit of work effort consuming
both time and resources that a project manager can schedule and control.
The project's objective statement should contain: correct answers scope, time frame, and
allocated resources.
When using the beta probability distribution to estimate activity times, which of the following
statements is TRUE? correct answers The use of most optimistic, most likely, and most
pessimistic times for an activity will result in a determination of the expected times for that
activity.
Which one of the following activities is the latest activity in project management? correct
answers Compiling the team's recommendations
Which one of the following best describes the critical path of a project? correct answers The
sequence of activities between a project's start and finish that takes the longest time to complete
A(n) [x]________ identifies the key threats to a project and prescribes ways to work around
them. correct answers risk-management plan
Project managers should be able to organize a set of disparate activities. correct answers True
To obtain the latest start and latest finish time, we must work forward through the network.
correct answers False
, The [x] _________ is the shortest time in which an activity can be completed if all goes
exceptionally well. correct answers Optimistic Time
The network diagram is a planning method that is designed to depict the relationships between
activities. correct answers True
A______ is an interrelated set of activities that has a definite starting and ending point and that
results in a unique outcome for a specific allocation of resources. correct answers Project
A pure project organizational structure houses the project in a specific functional area. correct
answers False
The work breakdown structure is a statement of all work that has to be completed. correct
answers True
The [x]__________ is the sequence of activities between a project's start and finish that takes the
longest time to complete. correct answers Critical Path
[x]_________ is the maximum length of time that an activity can be delayed without delaying
the entire project. correct answers Activity Slack
The project manager and team can step back and examine how the project work was
accomplished during the [x]________ phase of the project. correct answers Close out
Risk is a measure of the probability and consequences of not reaching a defined project goal.
Correct! correct answers True
Benefits for using networks include:
If a project has exactly one critical path, which one of the following statements is TRUE? correct
answers Crashing an activity on the critical path will always result in a reduced total project
completion time.
In a network diagram, an activity: correct answers is the smallest unit of work effort consuming
both time and resources that a project manager can schedule and control.
The project's objective statement should contain: correct answers scope, time frame, and
allocated resources.
When using the beta probability distribution to estimate activity times, which of the following
statements is TRUE? correct answers The use of most optimistic, most likely, and most
pessimistic times for an activity will result in a determination of the expected times for that
activity.
Which one of the following activities is the latest activity in project management? correct
answers Compiling the team's recommendations
Which one of the following best describes the critical path of a project? correct answers The
sequence of activities between a project's start and finish that takes the longest time to complete
A(n) [x]________ identifies the key threats to a project and prescribes ways to work around
them. correct answers risk-management plan
Project managers should be able to organize a set of disparate activities. correct answers True
To obtain the latest start and latest finish time, we must work forward through the network.
correct answers False
, The [x] _________ is the shortest time in which an activity can be completed if all goes
exceptionally well. correct answers Optimistic Time
The network diagram is a planning method that is designed to depict the relationships between
activities. correct answers True
A______ is an interrelated set of activities that has a definite starting and ending point and that
results in a unique outcome for a specific allocation of resources. correct answers Project
A pure project organizational structure houses the project in a specific functional area. correct
answers False
The work breakdown structure is a statement of all work that has to be completed. correct
answers True
The [x]__________ is the sequence of activities between a project's start and finish that takes the
longest time to complete. correct answers Critical Path
[x]_________ is the maximum length of time that an activity can be delayed without delaying
the entire project. correct answers Activity Slack
The project manager and team can step back and examine how the project work was
accomplished during the [x]________ phase of the project. correct answers Close out
Risk is a measure of the probability and consequences of not reaching a defined project goal.
Correct! correct answers True
Benefits for using networks include:
