PROJECT MANAGEMENT THE MANAGERIAL PROCESS FINAL PAPER FULL QUESTIONS AND CORRECT ANSWERS ALREADY PASSED

PROJECT MANAGEMENT THE
MANAGERIAL PROCESS FINAL PAPER
FULL QUESTIONS AND CORRECT ANSWERS
ALREADY PASSED

●● Intense global competition and rapid technological advances create
pressure to develop projects rapidly. This is an example of reducing
project duration caused by


A. Imposed project deadlines.
B. Time to market.
C. Unforeseen project delays.
D. High overhead.
E. Incentive contracts.
Answer: B


●● A contractor finished a bridge across a lake 18 months early and
received more than $6 million for the early completion. This is an
example of reducing project duration caused by


A. Imposed project deadlines.
B. Time to market.
C. Unforeseen project delays.

,D. High overhead.
E. Incentive contracts.
Answer: E


●● Adverse weather, design flaws, and equipment breakdown can create
negative slack. This is an example of reducing project duration caused
by


A. Imposed project deadlines.
B. Time to market.
C. Unforeseen project delays.
D. High overhead.
E. Incentive contracts.
Answer: C


●● In a Project Cost-Duration Graph, total project costs are a sum of


A. Labor, material and equipment costs.
B. Direct costs plus interest.
C. Direct labor costs and the project manager's salary.
D. Direct costs and the project manager's salary.
E. Direct and indirect costs.
Answer: E

, ●● Which of the following is NOT considered a project indirect cost?


A. Supervision
B. Consultants
C. Equipment
D. Interest
E. The project manager's salary
Answer: C


●● As a project is crashed and project duration is reduced, indirect costs
typically


A. Increase.
B. Become unstable.
C. Decrease.
D. Become unreliable.
E. Stay the same.
Answer: C


●● Before crashing, direct costs for an activity represent normal costs,
which typically mean low-cost, efficient methods for completing the
activity in a(n) ________ amount of time.