Part II: Multiple Choice (cirele the best answer) 1. The tool most closel y asso

Question

Part II: Multiple Choice (cirele the best answer) 1. The tool most closel y associated with activity bars across a horizontal time axis is: a) Project Network Diagrams b) Gantt Charts c) PERT d) Activity on the Node c Critical Path Analysis 2. The amount of time an activity can be delayed before affecting the project deadline is a) slack b) crash c) fast-track d) diversion e) delay in any activity will delay the project 3. Starting the next task before the first task is complete is a) lead b) lag c) negative lead d) slack e) float 4. Rent, utilities, insurance and administrative costs are examples of a) Direct Costs b) Indirect Costs c) Sunk Costs d) Learning Curve Costs e) Reserves Costs of conducting risk management planning, identification, analysis 5. response planning, and monitoring and control on a project a) Project risk management b) Project risk response c) Project risk planning d) Project risk analysis e) Project risk control

Explanation / Answer

1. Answer-B Gantt Charts. Gantt charts are used to plan the schedule of a project. It is a bar chart representation which indicates the start and end times of the project, tasks involved in a project, duration of each task etc.

2. Answer-A Slack. The amount of time a task or an activity in a project can be delayed or postponed by not affecting the finish date of the project is called slack.

3. Answer-A Lead. Starting a new activity without the completion of the prior activity is called Lead.

4. Answer-B Indirect Costs. The costs which are not related to the manufacturing and production of products are called Indirect costs. Rent, utilities, insurance and administrative costs are not related to the manufacturing of the products. Hence, they are all Indirect costs.

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