Question 1 i) Name a tool that is used to assist in making project trade-offs between schedule, budget, and quality objectives? [2.5 marks] ii) In reviewing the project plan, Susan sees that the "first prototype" must be completed by 31 of March. What this event/target is typically named? [2.5 marks] iii) Mention three reasons why estimating time and cost are important. [2.5 marks] iv) Free slack can be used without coordinating with managers of succeeding activities? Explain why? [2.5 marks] v) If, for some reason, the project must be expedited to meet an earlier date, what are the actions would the project manager take first? [2.5 marks] vi) Scott has just been given a project that has a specific completion date. After a discussion with top management, he finds that while the date is important the cost is more important and a slip in delivery would be acceptable if required to meet the cost targets. The completion date is best classified as what? vii) Briefly discuss two dimensions of quality a consumer looks for in manufactured products. [2.5 marks] viii) What is quality of conformance from the producer's perspective and how can it be achieved? [2.5 marks] ix) What is a Six Sigma quality program? [2.5 marks] x) Briefly discuss the costs that are associated with achieving good quality. [2.5 marks] Page 1 of 6 xi) List 5 of W. Edwards Demings 14 points giving a brief description of what is meant by each of them. [15 marks] xii) Given the information in the following lag exercises, compute the early, late, and slack times for the project network. Which activities on the critical path have only the start or finish of the activity on the critical path? The answer sheet is attached at the end of this paper. xii) Given the information in the following lag exercises, compute the early, late, and slack times for the project network. Which activities on the critical path have only the start or finish of the activity on the critical path? The answer sheet is attached at the end of this paper. [10 marks] LAG C LAG 5 LAG 10 10 10 LAG 10 LAG 10 LAG 10 LEGEND ES ID EF SL SL LSDURLF LAG 5 LAG 10 Figure Q1(xii)