## Wednesday, December 7, 2011

### Project Management Quiz - 52

1. Using the diagram in the Special window, what is the probability that Alternative I will be adopted and completed below budget:
[A]1.4
[B]0.8
[C]0.2
[D]0.12
[E]None of the above

2. Using the figure in the Special window, Activity "L" has an early start time of _____ weeks and an early finish time of _____ weeks.
[A]11, 13
[B]12, 14
[C]13, 15
[D]14, 16
[E]15, 17

3. Using the figure in the Special Window, what is the probability of success for Project B?
[A]0.3
[B]0.2
[C]0.35
[D]0.15
[E]0.12

4. Using the figure in the Special window, Activity "D" has a latest start time of _____ weeks and a latest finish time of _____ weeks.
[A]2, 10
[B]4, 12
[C]6, 14
[D]7, 15
[E]9, 17

5. Using the figure in the Special window, The slacktime in Activity "G" is _____ weeks.
[A]2
[B]3
[C]4
[D]5
[E]7

6. Using the WBS in the Special window, an instance of a work package is:
[A]Build house
[B]Excavate
[C]Prepare Foundation
[D]B and C
[E]None of the above

7. Using the problem stated in the Special window, Calculate the expected value of duration (in days) using the PERT concept of the expected duration of a task
[A]8
[B]8.8
[C]9.1
[D]9.7
[E]10.5

8. Using the problem stated in the Special window, Calculate the deviation of duration for the task, using the PERT concept of standard deviation of task duration.
[A]0.5
[B]1
[C]1.8
[D]2.2
[E]2.8

9. Using the situation stated in the Special window, what is the total variable costs for producing one widget?
[A]1020
[B]1010
[C]1015
[D]20
[E]None of the above.

10. Using the situation stated in the Special window, what is the total price variance for direct material?
[A]140
[B]736
[C]0.02
[D]-350
[E]5850

11. Using the situation stated in the Special window, what is the labor rate cost variance?
[A]5500
[B]1500
[C]-100
[D]-0.1
[E]5600

12. Using the situation stated in the Special window, what is net present value of an annual income flow of \$1600 at 14% over the next three years?
[A]3713.6
[B]0.68
[C]1080
[D]476.19
[E]2.32

13. Using the situation stated in the Special window, what is present value of \$1000 at 12% at the end of 5 years?
[A]3605
[B]0.57
[C]567
[D]892.86
[E]3.61

14. Using the situation stated in the Special window, what is the cost variance for Case #9?
[A]-1000
[B]1000
[C]-2000
[D]2000
[E]0

15. Using the situation stated in the Special window, what is the schedule variance for Case #8?
[A]1000
[B]2000
[C]-1000
[D]-2000
[E]0