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Free IIA-CIA-Part3 Exam Braindumps (page: 26)

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PDF with 1555 Questions

A Gantt chart:

  1. Shows the critical path for a project.
  2. Is used for determining an optimal product mix.
  3. Shows only the activities along the critical path of a network.
  4. Does not necessarily show the critical path through a network.

Answer(s): D

Explanation:

The major advantage of a Gantt chart is its simplicity: It requires no special tools or mathematics. However, it depicts only the interrelationships between tasks in a limited way. Thus, trying to identify a project's critical path from a Gantt chart may not be feasible.



In the Gantt chart below, shaded bars represent completed portions of activities, bars depicted with broken lines represent uncompleted portions, and blank bars represent activities notyet begun.



As of week 8, the Gantt chart shows that the project is:

  1. Complete.
  2. Ahead of schedule.
  3. On schedule.
  4. Behind schedule.

Answer(s): C

Explanation:

Activities B and C are the only activities that should be underway during week 8. Since both are underway and on schedule, the project is on schedule.



When using PERT (Program Evaluation Review Technique), the expected time for an activity when given an optimistic time (a), a pessimistic time (b),andamostlikelytime(m) is calculated by which one of the following formulas?

  1. (b - a) + 2
  2. (a + b) + 2
  3. (a + 4m+b) + 6
  4. (4abm) + 6

Answer(s): C

Explanation:

PERT was developed to aid managers in controlling large, complex projects. PERT analysis includes probabilistic estimates of activity completion times. Three time estimates are made:
optimistic, most likely, and pessimistic. The time estimates for an activity are assumed to approximate a beta probability distribution. PERT approximates the mean of the beta distribution by dividing the sum of the optimistic time, the pessimistic time, and four times the most likely time by six.



The process of adding resources to shorten selected activity times on the critical path in project scheduling is called:

  1. Crashing.
  2. The Delphi technique.
  3. ABC analysis.
  4. A branch-and-bound solution.

Answer(s): A

Explanation:

Crashing is the process of adding resources to shorten activity times on the critical path in project scheduling.



Page 26 of 390



Post your Comments and Discuss IIA IIA-CIA-Part3 exam with other Community members:

Gosia commented on December 16, 2024
Hi, did you have the same questions on exams?
POLAND
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Becky commented on June 23, 2024
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Shehata mohamed commented on December 13, 2023
Many thanks cia part 3
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IIA-CIA-Part3 commented on July 16, 2023
CIA Exam Part Three: Business Knowledge for Internal Auditing
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KC commented on December 20, 2017
Very helpful. For a another braindump I paid almost 4 times this and got the same material. Then I came across this site. Can't believe the same set of questions and answers are sold for almost a fraction of a price with much better quality and support.
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