Answer the following questions: 1. Solve problem 23 at the end of chapter 6 of Mantel. Note

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Question:

Answer the following questions:

1. Solve problem 23 at the end of chapter 6 of Mantel. Note that your choice is only between activities D and C.

a. Minimum slack:

b. Most followers:

c. Most critical followers:

d. Shortest task first:

e. As late as possible:

2. Identify which of the following statements is true and which is false:

a. The primary purpose of project evaluation is to give feedback to senior management for decision and control purposes.

b. The original criteria for selecting and funding a project are largely irrelevant for project evaluation.

c. The timing of an audit depends on the purpose of the audit.

d. It is best for the project manager and the project team to make the termination decision.

3. Your project is to provide facilities for the 2016 Olympics. You are on a cost reimbursable contract. Your project is considered (pick one):

a. Time constrained

b. Schedule constrained

c. Budget constrained

d. Performance constrained

4. A task has a normal duration of 9 days and a crash duration (the minimum duration) of 7 days. Its normal cost (total for 9 days) is $6000 and its crash cost is $10,000 (total for 7 days). What is the crash cost per day?

a. 14000

b. $7000

c. $5000

d. $2000

e. $1000

5. Identify which of the following statements is true and which is false:

a. The shortest time to complete a network is equal to the duration of the longest path through the network.

b. The actual project duration will be known with certainty when the project is completed.

c. The difference between EST and LFT is called slack.

d. The start to finish linkage is normally used in situations where it is desirable for two or more activities to finish at the same time.

6. A task is expected to take 20 hours of labor at $25 per hour (direct cost). The required material cost is $500. The organization adds a fee of 30% to all direct labor costs to account for overhead. It does not add any fee on top of material costs. The total task cost is:

a. $500

b. $1,150

c. $1,250

d. $1,300

e. $1,500