Activity scheduling information for the installation of a new computer system is given below.For this project, the critical path is:
Answer(s): C
The critical path is the longest path because it defines the minimum duration of the project. A-D-E (4 + 6 + 5 = 15 days) is the critical path.
In a critical path analysis, if slack time in an activity exists, the activity:
Slack is the free time associated with activities not on the critical path. Slack represents unused resources that can be diverted to the critical path.
Various tools are employed to control large scale projects. They include all of the following except:
Statistical process (quality) control is not used to control large scale projects. Statistical quality control is a method of determining whether the shipment or production run of units lies within acceptable limits. It is also used to determine whether production processes are out of control.
Which of the following statements is false regarding the efficient and economical achievement of the organization's objectives?
Answer(s): A
Efficient performance accomplishes objectives and goals in an accurate, timely, and economical fashion. Economical performance accomplishes objectives and goals with minimal use of resources (i.e., cost) commensurate with risk exposure. Thus, to achieve economical performance when accomplishing objectives, the minimal cost should correspond to the degree of risk exposure.
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