An Introduction To Management Science Quantitative Approaches To Decision Making 2nd Edition David Ray Anderson, Dennis J. Sweeney, Thomas Arthur Williams, Mik Wisniewski - Solutions

Discover comprehensive resources for "An Introduction To Management Science: Quantitative Approaches To Decision Making, 2nd Edition" with our extensive online answers key and solution manual. Access solutions in PDF format, featuring solved problems and detailed chapter solutions. Our questions and answers section includes a test bank and instructor manual, designed to enhance your understanding. Benefit from step-by-step answers and textbook insights, available for free download. Whether you're a student or instructor, these resources provide valuable support, ensuring you excel in mastering the concepts within this textbook.

What are the inputs to the Develop Project Charter process?A. Contract, project SOW, business case, enterprise environmental factors, and organizational process assets B. Project SOW, business case, and organizational process assets C. Contract, enterprise environmental factors, and organizational
You’ve been hired as a manager for the adjustments department of a nationwide bank based in your city. The adjustments department is responsible for making corrections to customer accounts. This is a large department, with several smaller sections that deal with specific accounts, such as
When a project is being performed under contract, the SOW is provided by which of the following?A. The buyer B. The project sponsor C. The project manager D. The contractor
You are a project manager working on gathering requirements and establishing estimates for the project. Which process group are you in?A. Planning B. Executing C. Initiating D. Monitoring and Controlling
During which project management process group are risk and stakeholder’s ability to influence project outcomes the highest at the beginning of the process?A. Planning B. Executing C. Initiating D. Monitoring and Controlling
You have been assigned to a project in which the objectives are to expand three miles of the north-to-south highway through your city by two lanes in each direction. You are interested in implementing a new project process called Design-Build in order to speed up the project schedule. The idea is
You have been assigned to a project in which the objectives are to expand three miles of the north-to-south highway through your city by two lanes in each direction. You are in charge of the demolition phase of this project, and you report to the project manager in charge of this project. You have
You have been assigned to a project in which the objectives are to direct customer calls to an interactive voice response system before being connected to a live agent. You are in charge of the media communications for this project. You report to the project manager in charge of this project and
What is one of the advantages of a functional organization?A. All employees report to one manager and have a clear chain of command.B. All employees report to two or more managers, but project team members show loyalty to functional managers.C. The organization is focused on projects and project
The amount of authority a project manager possesses can be related to which of the following?A. The project manager’s communication skills B. The organizational structure C. The amount of authority the manager of the project manager possesses D. The key stakeholder’s influence on the project
You are managing a project to install a new postage software system that will automatically print labels and administer postage for certified mailings, overnight packages, and other special mailing needs. You’ve attempted to gain the cooperation of the business analyst working on this project,
You’ve decided to try your hand at project management in the entertainment industry. You’re working on a movie production and the phases are performed sequentially. The team has just completed the storyboard phase of the project. Which of the following is true?A. The storyboard is a deliverable
You are the project manager for a large construction project. The project objective is to construct a set of outbuildings to house the Olympic support team that will be arriving in your city 18 months from the project start date. Resources are not readily available because they are currently
All of the following statements are true except for which one?A. Programs are groups of related projects.B. Project life cycles are collections of sequential and occasionally overlapping project phases.C. A project may or may not be part of a program.D. Portfolios are collections of interdependent
All of the following are true regarding phase-to-phase relationships except for which one?A. Planning for an iterative phase begins when the work of the previous phase is progressing.B. Handoffs occur after a phase-end review in an overlapping phased project.C. During sequentially phased projects,
Which of the following applies a set of tools and techniques used to describe, organize, and monitor the work of project activities to meet the project requirements?A. Project managers B. The PMBOK® Guide C. Project management D. Stakeholders
The VP of customer service has expressed concern over a project in which you’re involved.His specific concern is that if the project is implemented as planned, he’ll have to purchase additional equipment to staff his customer service center. The cost was not taken into consideration in the
A project is considered successful when ___________________ .A. the product of the project has been manufactured B. the project sponsor announces the completion of the project C. the product of the project is turned over to the operations area to handle the ongoing aspects of the project D. the
Your company manufactures small kitchen appliances. It is introducing a new product line of appliances in designer colors with distinctive features for kitchens in small spaces.These new products will be offered indefinitely starting with the spring catalog release. To determine the characteristics
Your company manufactures small kitchen appliances. It is introducing a new product line of appliances in designer colors with distinctive features for kitchens in small spaces. These new products will be offered indefinitely starting with the spring catalog release. Which of the following is
The VP of marketing approaches you and requests that you change the visitor logon screen on the company’s website to include a username with at least six characters. This is considered which of the following?A. Project initiation B. Ongoing operations C. A project D. Project execution
All of the following statements are true regarding the ADM method except which one?A. The ADM method is a tool and technique of Sequence Activities.B. The ADM method uses one time estimate to determine durations.C. The ADM method is also called AOA.D. The ADM method is rarely used today.
As a PMP, one of your responsibilities is to ensure integrity on the project. When your personal interests are put above the interests of the project or when you use your influence to cause others to make decisions in your favor without regard for the project outcome, this is considered which of
You’ve just completed the WBS. Which of the following statements is true?A. The WBS breaks the project deliverables down to a level where alternatives identification can be used to determine how level-two assignments should be made.B. The WBS breaks the project deliverables down to a level where
As a result of a face-to-face meeting you recently had to discuss the items in your issue log, you have resolved issues and come away with an approved corrective action and an update to the project management plan. Which process does this describe?A. Manage Stakeholder Expectations B. Report
Which of the following statements is true regarding constraints and assumptions?A. Constraints restrict the actions of the project team, and assumptions are considered true for planning purposes.B. Constraints are considered true for planning purposes, and assumptions limit the options of the
The business need, product scope description, and strategic plan together describe elements of which of the following?A. Organizational process assets B. Tools and techniques of the Initiating processes C. The project statement of work D. The project charter
Every status meeting should have time allotted for Risk Monitoring and Control. Which of the following sentences is not true?A. Risk identification and monitoring should occur throughout the life of the project.B. Risk audits should occur throughout the life of the project and are specifically
You are refining the product description for your company’s new line of ski boots. Which of the following statements is true?A. You are in the Initiating processes of your project and know that the product description will contain more detail in this stage and that a decreasing amount of detail
All of the following statements are true of the project Closing processes except for which one?A. Probability for success is greatest in the project Closing processes.B. The project manager’s influence is greatest in the project Closing processes.C. The stakeholders’ influence is least in the
You are the project manager for a construction company that is building a new city and county office building in your city. You recently looked over the construction site to determine whether the work to date was conforming to the requirements and quality standards.Which tool and technique of the
The project manager has the greatest influence over quality during which process?A. Plan Quality B. Perform Quality Assurance C. Perform Quality Control D. Perform Quality Change Control
Your project involves the research and development of a new food additive. You’re ready to release the product to your customer when you discover that a minor reaction might occur in people with certain conditions. The reactions to date have been very minor, and no known long-lasting side effects
You are a project manager working in a foreign country. You observe that some of your project team members are having a difficult time adjusting to the new culture. You provided them with training on cultural differences and the customs of this country before arriving, but they still seem
You are a project manager for Waterways Houseboats, Inc. You’ve been asked to perform a cost-benefit analysis for two proposed projects. Project A costs $2.4 million, with potential benefits of $12 million and future operating costs of $3 million. Project B costs $2.8 million, with potential
You are the project manager for Heartthrobs by the Numbers Dating Services. You’re working on an updated Internet site that will display pictures as well as short bios of prospective heartbreakers. You’ve just completed your project staff assignments and published the project team directory.
You need to convey some very complex, detailed information to the project stakeholders.What is the best method for communicating this kind of information?A. Verbal B. Vertical C. Horizontal D. Written
You are the project manager for Xylophone Phonics. It produces children’s software programs that teach basic reading and math skills. You are performing the Plan Quality process and are identifying nonproductive activities. Part of this involves capturing information such as process boundaries,
Your team is developing the risk management plan. Which tool and technique of this process is used to develop risk cost elements and schedule activities that will be included in the project budget and schedule?A. Planning meetings and analysis B. Strategies for both threats and opportunities C.
You are the project manager for Heartthrobs by the Numbers Dating Services. You’re working on an updated Internet site that will display pictures as well as short bios of prospective heartbreakers. You have your activity list and resource requirements in hand and are planning to use parametric
What are the Define Scope process tools and techniques?A. Cost benefit analysis, scope baseline, expert judgment, and facilitated workshops B. Product analysis, alternatives identification, and expert judgment C. Product analysis, alternatives identification, expert judgment, and facilitated
You have just prepared an RFP for release. Your project involves a substantial amount of contract work detailed in the RFP. Your favorite vendor drops by and offers to give you and your spouse the use of their company condo for your upcoming vacation. It’s located in a beautiful resort community
Which of the following statements is true regarding the Project Management Knowledge Areas?A. They include Initiation, Planning, Executing, Monitoring and Controlling, and Closing.B. They consist of nine areas that bring together processes that have things in common.C. They consist of five
Which performance measurement tells you the cost of the work that has been authorized and budgeted for a WBS component?A. PV B. EV C. AC D. BCWP
All of the following statements are true regarding risks except for which one?A. Risks might be threats to the objectives of the project.B. Risks are certain events that may be threats or opportunities to the objectives of the project.C. Risks might be opportunities to the objectives of the
The inputs of the Report Performance process include all of the following except for which one?A. Work performance information B. Work performance measurements C. Budget forecasts D. Performance reviews
All of the following are tools and techniques of the Close Procurements process except for which one?A. Expert judgment B. Procurement audits C. Negotiated settlements D. Records management system
According to the PMBOK® Guide, the project manager is identified and assigned during which process?A. During the Develop Project Charter process B. At the conclusion of the Develop Project Charter process C. Prior to beginning the Planning processes D. Prior to beginning the Define Scope process
Which of the following contracts should you use for projects that have a degree of uncertainty and require a large investment early in the project life cycle?A. Fixed price B. Cost reimbursable C. Lump sum D. T&M
Which performance measurement tells you what the projected total cost of the project will be at completion?A. ETC B. EV C. AC D. EAC
All of the following statements are true regarding configuration management except which one?A. Configuration management requires acceptance decisions for all change requests to be made through the CCB.B. Change control systems are a subset of the configuration management system.C. Configuration
Monte Carlo analysis can help predict the impact of risks on project deliverables. This is an element of one of the tools and techniques of which of the following processes?A. Plan Risk Responses B. Perform Quantitative Risk Analysis C. Identify Risks D. Perform Qualitative Risk Analysis
There are likely to be team loyalty issues in a matrixed environment. All of the following are true regarding this situation as it pertains to the Manage Project Team process except for which one?A. Two of the tools and techniques you might use to manage these relationships effectively are
Each of the following statements describes an element of the Develop Project Management Plan process except for which one?A. Project charter B. Outputs from other planning processes C. Configuration management system D. Organizational process assets
You are working on a project that will upgrade the phone system in your customer service center. You have used bottom-up estimating techniques to assign costs to the project activities and have determined the cost performance baseline. Which of the following statements is true?A. You have completed
Feeding buffers and the project buffer are part of which of the following Develop Schedule tool and technique?A. Critical path method B. Schedule network analysis C. Applying leads and lags D. Critical chain method
You are working on a project that will upgrade the phone system in your customer service center. You have used analogous estimating, parametric estimating, bottom-up estimating, and three-point estimates to determine activity costs. Which process does this describe?A. Estimating Activity Resources
You are a project manager working on a software development project. You’ve developed the risk management plan, identified risks, and determined risk responses for the risks.A risk event occurs, and you implement the response. Then, another risk event occurs as a result of the response you
Which of the following are tools and techniques of the Identify Stakeholder process?A. Stakeholder analysis and expert judgment B. Stakeholder analysis, expert judgment, and stakeholder register C. Stakeholder analysis D. Stakeholder analysis, stakeholder management strategy, and expert judgment
What is the purpose of the project charter?A. To recognize and acknowledge the project sponsor B. To recognize and acknowledge the existence of the project and commit organizational resources to the project C. To acknowledge the existence of the project team, project manager, and project sponsor D.
You are the project manager for Lucky Stars Candies. You’ve identified the requirements for the project and documented them where?A. In the requirements document, which will be used as an input to the Create WBS process B. In the project scope statement, which is used as an input to the Create
You have been assigned to a project that will allow job seekers to fill out applications and submit them via the company website. You report to the VP of human resources. You are also responsible for screening applications for the information technology division and setting up interviews. The
Name the ethical code you’ll be required to adhere to as a PMP.A. Project Management Policy and Ethics Code B. PMI Standards and Ethics Code of Conduct C. Project Management Code of Professional Ethics D. PMI Code of Ethics and Professional Conduct
You are a project manager for the Swirling Seas Cruises food division. You’re considering two different projects regarding food services on the cruise lines. The initial cost of Project Fish’n for Chips will be $800,000, with expected cash inflows of $300,000 per quarter.Project Picnic’s
You are a project manager who has recently held a project team kickoff meeting where all the team members were formally introduced to each other. Some of the team members know each other from other projects and have been working with you for the past three weeks. Which of the following statements
You know that PV = 470, AC = 430, EV = 480, EAC = 500, and BAC = 525.What is VAC?A. 70 B. 20 C. 25 D. 30
You are the project manger for Xylophone Phonics. This company produces children’s software programs that teach basic reading and math skills. You are ready to assign project roles, responsibilities, and reporting relationships. Which project Planning process are you working on?A. Estimate
This process applies evaluation criteria to the bids and proposals received from potential vendors.A. Plan Procurements B. Administer Procurements C. Conduct Procurements D. Perform Quality Assurance
All of the following statements are true regarding risk events except which one? Choose the least correct answer.A. Project risks are uncertain events.B. If risks occur, they can have a positive or negative effect on project objectives.C. Unknown risks are threats to the project objectives, and
This process is concerned with determining the information stakeholders will need throughout the project and the methods of communication.A. Distribute Information B. Report Performance C. Plan Communications D. Identify Stakeholder Needs
Project managers have the highest level of authority and the most power in which type of organizational structure?A. Projectized B. Strong matrix C. Functional D. Balanced matrix
You are the project manger for Xylophone Phonics. It produces children’s software programs that teach basic reading and math skills. You’re performing cost estimates for your project and don’t have a lot of details yet. Which of the following techniques should you use?A. Analogous estimating
You are the project manager for a construction company that is building a new city and county office building in your city. Your CCB recently approved a scope change. You know that scope change might come about as a result of all of the following except which one?A. Schedule revisions B. Product
All of the following are a type of project ending except for which one?A. Extinction B. Starvation C. Desertion D. Addition
What is one of the most important skills a project manager can have?A. Negotiation skills B. Influencing skills C. Communication skills D. Problem-solving skills
All of the following are outputs of the Perform Integrated Change Control process except for which one?A. Change request status updates B. Project management plan updates C. Organizational process assets updates D. Project document updates
All of the following statements are true regarding Ishikawa diagrams in the Identify Risks process except which one?A. Ishikawa diagrams are also called cause-and-effect diagrams.B. Ishikawa diagrams are also called fishbone diagrams.C. Ishikawa diagrams are part of the diagramming tool and
You’ve been assigned as a project manager on a research and development project for a new dental procedure. You’re working in the Scope Management Knowledge Area. What is the purpose of the project scope management plan?A. The project scope management plan describes and documents a scope
During your project meeting, a problem was discussed, and a resolution to the problem was reached. During the meeting, the participants started wondering why they thought the problem was such a big issue. Sometime after the meeting, you received an email from one of the meeting participants saying
The primary function of the Closing processes is to perform which of the following?A. Formalize lessons learned and distribute this information to project participants.B. Perform audits to verify the project results against the project requirements.C. Formalize project completion and disseminate
Inspections are also called each of the following except for which one?A. Reviews B. Assessment C. Walk-throughs D. Audits
These types of dependencies can create arbitrary total float values and limit your scheduling options.A. Discretionary B. External C. Mandatory D. Hard logic
The project sponsor has approached you with a dilemma. The CEO announced at the annual stockholders meeting that the project you’re managing will be completed by the end of this year. The problem is that this is six months prior to the scheduled completion date. It’s too late to go back and
What changes would occur in the production schedule if the labour fluctuation goal was the highest priority goal?
Suppose that EZ Trailers can store only a maximum of 300 trailers in any one month. In addition, suppose management would like to have an ending inventory in April of at least 100 units of each model. What effect would both changes have on the production schedule?
Suppose that EZ Trailers’ storage facilities would accommodate only a maximum of 300 trailers in any one month. What effect would this have on the production schedule?
The production schedule that best achieves the goals as specified by management.
The vice president of Harling Equipment needs to select a new director of marketing. The two possible candidates are Sara Bowers and Kiara Fakier, and the criteria thought to be most relevant in the selection are leadership ability (L), personal skills (P) and administrative skills (A). The
An individual was interested in determining which of two stocks to invest in, Central Computing Company (CCC) or Software Research, Inc. (SRI). The criteria thought to be most relevant in making the decision are the potential yield of the stock and the risk associated with the investment. The
A study comparing four laptop computers resulted in the following pairwise comparison matrix for the performance criterion.1 234 1 137 1 /3 2 1 /3 1 4 1 /4 3 1 /4 1 /4 1 1 /6 4 3 4 61a. Determine the priorities for the four computers relative to the performance criterion.b. Calculate the
A is strongly more preferable than C. B is equally to moderately more preferable than A. B is strongly more preferable than C. Answer parts (a), (b) and (c) as stated in Problem
Suppose that the individual had stated the following judgements instead of those given in Problem
Refer to Problem
Asked to compare three soft drinks with respect to flavour, an individual stated that: A is moderately more preferable than B. A is equally to moderately more preferable than C. A is strongly more preferable than C.a. Set up the pairwise comparison matrix for this problem.b. Determine the
An organization is investigating relocating its corporate headquarters to one of three possible cities. The following pairwise comparison matrix shows the president’s judgements regarding the desirability for the three cities.City 1 City 2 City 3 City 1 1 57 City 2 1 /5 1 3 City 3 1 /7 1 /3 1a.
Use the pairwise comparison matrix for the style criterion as shown in Table 14.8 to verify that the priorities after synthesization are 0.265, 0.656 and 0.080. Compute the consistency ratio and comment on its acceptability.
Use the pairwise comparison matrix for the price criterion shown in Table 14.8 to verify that the priorities after synthesization are 0.123, 0.320 and 0.557. Calculate the consistency ratio and comment on its acceptability.
Mr and Mrs Msibi are interested in purchasing a holiday property. The three most preferred are listed along with criteria weights and rating information. Which property is preferred? Ratings Criteria Weight Park Shore The Terrace Gulf View Cost 5 5 6 5 Location 4 7 4 9 Appearance 5 7 4 7 Parking 2
The Davis family of Bristol, England is planning its annual summer holiday. Three vacation locations along with criteria weights and location ratings follow. What is the recommended holiday location?Ratings Criteria Weight Scottish Highlands, Scotland Nice, France Cardiff, Wales Travel distance 2 5
One advantage of using the multicriteria decision-making methods presented in this chapter is that the criteria weights and the decision alternative ratings may be modified to reflect the unique interests and preferences of each individual decision maker. For example, assume that another

Showing 5700 - 5800 of 7092

First
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
Last

An Introduction To Management Science Quantitative Approaches To Decision Making 2nd Edition David Ray Anderson, Dennis J. Sweeney, Thomas Arthur Williams, Mik Wisniewski - Solutions

Step by Step Answers