C723 - MULTIPLE CHOICE
QUESTIONS WITH CORRECT
ANSWERS
A __________ has the following characteristics:
1. The endeavor is outside of the routine or operational activities.
2. The assignment is a temporary endeavor.
3. The goal has a start and end date.
4. Every task in the project is specific to the objective or goal of the project. -
....ANSWER ...-project
Network diagrams are visual tools used to do what?
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,a. Plan complex projects
b. Schedule complex project
c. Control complex projects
d. All of the above - ....ANSWER ...-All of the above
Which of the following is a key assumption underlying a network diagram?
a. An activity can begin only after all successors have been completed.
b. An activity can begin only after all predecessors have been completed.
c. A network diagram is cyclical. - ....ANSWER ...-b. An activity can begin
only after all predecessors have been completed.
What is the key purpose behind using the beta distribution technique to estimate
task times?
To ensure the costs are budgeted
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,To provide a method that specified the costs
To provide a faster way to make the estimate
To provide a more accurate method - ....ANSWER ...-To provide a more
accurate method
1. Define problem.
2. Develop mathematical model.
3. Prepare and input data.
4. Find best solution.
5. Test solution.
6. Analyze results.
7. Implement solution.
The list above is the steps to which process? - ....ANSWER ...-Quantitative
Analysis
Which of the following is the main distinguishing factor of beta estimation for time
duration and traditional time duration estimation?
a. Beta estimation always uses statistical software to estimate.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, b. Beta estimation considers three time estimates for each task.
c. The beta estimate considers economic risks.
d. The beta estimate is done in conjunction with the finance department. -
....ANSWER ...-b. Beta estimation considers three time estimates for each
task.
Which of the following description correctly explains how to calculate the
expected activity completion time for an activity using the beta distribution
method?
a. Add the optimistic time, the pessimistic time, and 6 times the most likely time
needed to complete an activity. Divide the result by 4.
b. Add the optimistic time, the pessimistic time, and the most likely time needed to
complete an activity. Divide the result by 3.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
QUESTIONS WITH CORRECT
ANSWERS
A __________ has the following characteristics:
1. The endeavor is outside of the routine or operational activities.
2. The assignment is a temporary endeavor.
3. The goal has a start and end date.
4. Every task in the project is specific to the objective or goal of the project. -
....ANSWER ...-project
Network diagrams are visual tools used to do what?
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,a. Plan complex projects
b. Schedule complex project
c. Control complex projects
d. All of the above - ....ANSWER ...-All of the above
Which of the following is a key assumption underlying a network diagram?
a. An activity can begin only after all successors have been completed.
b. An activity can begin only after all predecessors have been completed.
c. A network diagram is cyclical. - ....ANSWER ...-b. An activity can begin
only after all predecessors have been completed.
What is the key purpose behind using the beta distribution technique to estimate
task times?
To ensure the costs are budgeted
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,To provide a method that specified the costs
To provide a faster way to make the estimate
To provide a more accurate method - ....ANSWER ...-To provide a more
accurate method
1. Define problem.
2. Develop mathematical model.
3. Prepare and input data.
4. Find best solution.
5. Test solution.
6. Analyze results.
7. Implement solution.
The list above is the steps to which process? - ....ANSWER ...-Quantitative
Analysis
Which of the following is the main distinguishing factor of beta estimation for time
duration and traditional time duration estimation?
a. Beta estimation always uses statistical software to estimate.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, b. Beta estimation considers three time estimates for each task.
c. The beta estimate considers economic risks.
d. The beta estimate is done in conjunction with the finance department. -
....ANSWER ...-b. Beta estimation considers three time estimates for each
task.
Which of the following description correctly explains how to calculate the
expected activity completion time for an activity using the beta distribution
method?
a. Add the optimistic time, the pessimistic time, and 6 times the most likely time
needed to complete an activity. Divide the result by 4.
b. Add the optimistic time, the pessimistic time, and the most likely time needed to
complete an activity. Divide the result by 3.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
