What is a milestone?

Question 1 of 20 5.0 Points What is a milestone? A. A significant event in the project B. A mark on a chart that depicts project progress C. An activity on the critical path D. An activity with an uncertain completion time Reset Selection Mark for Review What’s This? Question 2 of 20 5.0 Points What is project slack? A. The amount of time a non-critical task can be delayed without making the project late B. The amount of time the critical path of a project can be delayed without making the project late C. The amount of time an activity on the critical path can be delayed without making the project late D. The difference between how long the project would take if all tasks were completed based on their pessimistic versus optimistic time estimates Reset Selection Mark for Review What’s This? Question 3 of 20 5.0 Points For which purpose is simulation NOT used with regard to project scheduling? A. To overcome the limitations associated with statistical techniques used to develop probability of completion time estimates B. To investigate the range of project completion times C. To investigate the distribution of project completion times D. To verify the accuracy of the optimistic, pessimistic, and most likely time estimates Question 4 of 20 5.0 Points Technical dependencies on a project plan are easiest to see on a: A. Gantt chart. B. GERT chart. C. PERT/CPM chart. D. Work Breakdown Structure. Question 5 of 20 5.0 Points PERT was originally used for what type of project? A. Construction B. R & D C. Military D. Computer software development Question 6 of 20 5.0 Points Which of the following is NOT an element of the Gantt chart? A. Actual progress B. Variance of the critical path C. The current date D. Scheduled milestones Question 7 of 20 5.0 Points Which of the following is typically used as the best estimate of task duration? A. Expected time B. Pessimistic time C. Optimistic time D. Most likely time Question 8 of 20 5.0 Points Which of the following terms is most closely associated with a task required by the project? A. Activity B. Event C. Milestone D. Network Question 9 of 20 5.0 Points What is the expected time to complete a task with optimistic, most likely, and pessimistic times of 3, 4, and 7 days, respectively? A. 3 B. 4 C. 4.3 D. 4.7 Question 10 of 20 5.0 Points What is the standard deviation of a task with optimistic, most likely, and pessimistic times of 3, 4, and 7 days, respectively, assuming the estimates were made at the 99% plus level? A. .444 B. .667 C. 1.212 D. 1.469 Question 11 of 20 5.0 Points The amount of time a noncritical task can be delayed without delaying the project is called: A. surplus. B. flop. C. slack. D. critical time. Question 12 of 20 5.0 Points Slack is calculated as: A. LFT – EST. B. LFT – LST. C. LST – LFT. D. LFT – EFT. Question 13 of 20 5.0 Points Which of the following linkages is used to start two or more activities at the same time? A. Finish-to-start B. Start-to-start C. Finish-to-finish D. Start-to-finish Question 14 of 20 5.0 Points One shortcoming of the __________ network method is that it does not allow for leads and lags between two activities without greatly increasing the number of subactivities to account for this. A. Gantt Chart B. AON C. MSP D. PERT/CPM Question 15 of 20 5.0 Points An identifiable state resulting from the completion of one or more activities is called: A. an event. B. an activity. C. a milestone. D. a path. Reset Selection Question 16 of 20 5.0 Points The major advantage of the Gantt chart is that it: A. addresses all activities. B. is easy to read. C. highlights critical task of the project. D. manages project scheduling. Reset Selection Question 17 of 20 5.0 Points A(n) __________ is an identifiable state resulting from the completion of one or more activities. A. path B. milestone C. critical path D. event Reset Selection Question 18 of 20 5.0 Points For any task on a critical path, its __________ must be the same as its __________. A. LST; LFT B. LFT; EFT C. LST; EST D. EST; EFT Reset Selection Mark for Review What’s This? Question 19 of 20 5.0 Points The amount of time a noncritical task can be delayed without delaying the project is called: A. margin. B. completion variance. C. float. D. variable duration. Reset Selection Mark for Review What’s This? Question 20 of 20 5.0 Points The square root of the variance of statistical distribution equals the __________ of that distribution. A. standard deviation B. normal probability C. variance of the path D. cumulative probability Reset Selection