FINAL EXAM PART 1 - QUANTITATIVE TECHNIQUES

Which of the following is a limitation of pert and cpm?

• They are applicable to only a narrow variety of projects and industries

• The graphical nature of a network delays comprehension of the activity list’s interrelatiomships

• There is the inherent danger of placing too much emphasis on the critical path.

• They can be used only to monitor schedules

Among the following, critical path and slack time analysis most help________

• highlight relationships among project activities.

• managers define the project activities.

• point out who is responsible for various activities.

• pinpoint activities that need to be closely watched.

Which of the following is used for computations in cpm?

• pessimistic time

• optimistic time

• normal time

• most likely time

Which of the option is not a notable challenge while scheduling a project?

• Deadlines exist

• Costly delay

• Too many workers may be required

• Independent activities

PERT technique of network analysis is mainly useful for

• Large and complex projects

• Small projects

• Deterministic activities

• Research and development projects

What is difference between PERT and CPM?

• PERT is a probabilistic model while CPM is a deterministic model

• PERT is Project Evaluation and Review Technique while CPM is Critical Path Method

• PERT is an event-oriented technique while CPM is an activity-oriented technique

• All of the above

he main difference between pert and cpm is that _________

• Critical path is determined in PERT only

  times in CPM

• PERT deals with events and CPM with activities

• Costs are considered on CPM only and not in PERT

• Guessed times are used in PERT and evaluated

Who introduced bar chart in CPM?

• Jane Gantt

• Williams henry

• Henry Gantt

• Joseph henry

Which of the following is not true regarding pert and cpm?

• PERT and CPM are useful in monitoring costs.

• PERT and CPM are useful when controlling large projects.

• Time estimates are subject to fudging by managers.

  the critical path.

• Managers only need to closely monitor the critical path.

Which of the following statements regarding gantt charts is true?

• Gantt charts are visual devices that show the duration of activities in a project.

• Gantt charts are expensive

• Gantt charts give a timeline and precedence relationships for each activity of a project

• None of the above