ch06a - Chapter 6 The Allocation of Scarce Resources to Multiple Projects True\/False 1 The amount of resources a project can use depends in part on the

ch06a - Chapter 6 The Allocation of Scarce Resources to...

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Chapter 6: The Allocation of Scarce Resources to Multiple Projects True/False 1. The amount of resources a project can use depends in part on the timing of the allocation. Response: See page 196 Level: medium 2. Projects often compete with each other for the same resources. Response: See page 196 Level: easy 3. For resources that are consumed when used, the problem is which project gets to use the resource firstand which must wait. Response: See page 196 Level: medium 4. Trade-offs must be made in order to optimize the use of limited resources. Response: See page 196 Level: medium 5. If resources were not scarce, the resource allocation problem would be concerned solely with profit maximization. Response: See page 197 Level: medium
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6. If resources were not scarce, the resource allocation problem would be concerned solely with cost minimization. Response: See page 197 Level: difficult 7. A project that must be completed by a fixed time is referred to as resource constrained. Response: See page 197 Level: medium 8. All projects are carried out under conditions of uncertainty. Response: See page 197 Level: medium 9. All tasks can be crashed to some extent. Response: See page 198 Level: medium 10. The time to complete a task with normal or standard-practice resource usage is referred to as the crash duration. Response: See pages 198 Level: medium 11. When crashing a task, the usual assumption is that a task is crashed the full amount or none at all. Response: See page 198 Level: medium
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12. Often it is beneficial to crash activities NOT on the critical path. Response: See page 198 Level: medium 13. It is considered good management to crash the least costly activities before the more costly ones. Response: See page 198 Level: medium 14. The CPM method cannot be used when task durations are probabilistic. Response: See page 201 Level: medium 15. The variance of the normal time can be quite different from the variance of the crash time. Response: See page 201 Level: medium 16. Good PM are able to estimate project task times with absolute certainty Response: See page 225 Level: medium 17. Fast-tracking a project is used primarily in the pharmaceutical industry. Response: See page 201 Level: medium
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