ch17 - ch17 Student 1 Good project management is especially...

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ch17 Student: ___________________________________________________________________________ 1. Good project management is especially important with virtual teams. True False 2. One way that project management differs from management of more traditional activities is because of the limited life-time of projects. True False 3. Once a project is approved and underway, project managers are only responsible for effectively managing time and costs which, if done well, will assure project completion on time and on budget. True False 4. Matrix organizations transfer control of workers to project managers for the duration of the project. True False 5. Some organizations use a matrix organization to integrate the activities of specialists within a functional framework. True False 6. The computing algorithm requires both a forward and backward pass. True False 7. A hierarchical (vertical) listing of what must be done during a project is called matrix. True False 8. An advantage of Gantt charts in project management is that they identify which activities can be delayed without delaying the overall project. True False 9. A Gantt chart is built using established precedence relationships. True False 10. The higher the node number, the longer the activity will take. True False 11. The probability of occurrence of risk events is lower near the beginning of a project and higher near the end of the project since very few activities remain. True False 12. The costs associated with risk events tend to be lower near the beginning of a project, and higher near the end of the project. True False 13. Although PERT and CPM were originally developed for somewhat different types of projects, they are now nearly identical in terms of analysis and procedures. True False 14. The network diagram describes sequential relationships among major activities on a project. True False 15. The path in a network with the average length of time to completion is called the critical path. True False
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16. The sum of times of the longest path in a network indicates expected project completion time, and the activities represent the critical activities. True False 17. Path probabilities are calculated by dividing path mean by path standard deviations. True False 18. The main function of dummy activities is to clarify relationships in network diagrams. True False 19. The earliest finish time for an activity is equal to the latest finish time minus the activity time. True False 20. The latest starting time for an activity is equal to the latest finish time minus the activity time. True False 21. The earliest finish time for an activity is equal to the latest finish time minus the activity slack. True False 22. Many activities have slack time; if we add these slack times together, this represents the potential improvement in early completion for the project.
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