CGMS Ch. 13 Questions and answers
100% PASS
Give an example of a situation in which project management is needed. -
CORRECT ANSWER-When a firm wants to create products and services
efficiently for global markets and to respond effectively to global competition.
Explain the purpose of project organization - CORRECT ANSWER-It is
developed to make sure existing programs continue to run smoothly on day-to day
basis while new projects are successfully completed.
What are the three phases involved in the management of a large project? -
CORRECT ANSWER-1. planning
2. scheduling
3. controlling
What are some of the questions that can be answered with PERT and CPM? -
CORRECT ANSWER-1. When will the entire project be completed?
2. What are the critical activities or task in the project- that is, which activities will
delay the
entire project if they are late?
, 3. Which are the noncritical activities- the ones that can run late without delaying
the whole
project's completion?
4. What is the probability that the project will be completed by a specific date?
5. At any particular date, is the project on schedule, behind schedule, or ahead of
schedule?
6. On any given date, is the money spent equal to, less than, or greater than the
budgeted
amount?
7. Are there enough resources available to finish the project on time?
8. If the project is to be finished in a shorter amount of time, what is the best way
to
accomplish this goal at the least cost?
Define work breakdown structure. How is it used? - CORRECT ANSWER-
Defines the project by dividing it into its major subcomponents, which are then
subdivided into more detail components, and finally into a set of activities and
their related costs.
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
100% PASS
Give an example of a situation in which project management is needed. -
CORRECT ANSWER-When a firm wants to create products and services
efficiently for global markets and to respond effectively to global competition.
Explain the purpose of project organization - CORRECT ANSWER-It is
developed to make sure existing programs continue to run smoothly on day-to day
basis while new projects are successfully completed.
What are the three phases involved in the management of a large project? -
CORRECT ANSWER-1. planning
2. scheduling
3. controlling
What are some of the questions that can be answered with PERT and CPM? -
CORRECT ANSWER-1. When will the entire project be completed?
2. What are the critical activities or task in the project- that is, which activities will
delay the
entire project if they are late?
, 3. Which are the noncritical activities- the ones that can run late without delaying
the whole
project's completion?
4. What is the probability that the project will be completed by a specific date?
5. At any particular date, is the project on schedule, behind schedule, or ahead of
schedule?
6. On any given date, is the money spent equal to, less than, or greater than the
budgeted
amount?
7. Are there enough resources available to finish the project on time?
8. If the project is to be finished in a shorter amount of time, what is the best way
to
accomplish this goal at the least cost?
Define work breakdown structure. How is it used? - CORRECT ANSWER-
Defines the project by dividing it into its major subcomponents, which are then
subdivided into more detail components, and finally into a set of activities and
their related costs.
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
