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Chapter 6: The Allocation of Scarce Resources to Multiple ProjectsTrue/False1. The amount of resources a project can use depends in part on the timing of the allocation.Response: See page 196Level: medium2. Projects often compete with each other for the same resources.Response: See page 196Level: easy3. For resources that are consumed when used, the problem is which project gets to use the resource firstand which must wait.Response: See page 196Level: medium4. Trade-offs must be made in order to optimize the use of limited resources.Response: See page 196Level: medium5. If resources were not scarce, the resource allocation problem would be concerned solely with profit maximization.Response: See page 197Level: medium
6. If resources were not scarce, the resource allocation problem would be concerned solely with cost minimization.Response: See page 197Level: difficult7. A project that must be completed by a fixed time is referred to as resource constrained.Response: See page 197Level: medium8. All projects are carried out under conditions of uncertainty.Response: See page 197Level: medium9. All tasks can be crashed to some extent.Response: See page 198Level: medium10. The time to complete a task with normal or standard-practice resource usage is referred to as the crash duration.Response: See pages 198Level: medium11. When crashing a task, the usual assumption is that a task is crashed the full amount or none at all.Response: See page 198Level: medium
12. Often it is beneficial to crash activities NOT on the critical path.Response: See page 198Level: medium13. It is considered good management to crash the least costly activities before the more costly ones.Response: See page 198Level: medium14. The CPM method cannot be used when task durations are probabilistic.Response: See page 201Level: medium15. The variance of the normal time can be quite different from the variance of the crash time.Response: See page 201Level: medium16. Good PM are able to estimate project task times with absolute certaintyResponse: See page 225Level: medium17. Fast-tracking a project is used primarily in the pharmaceutical industry.Response: See page 201Level: medium