1. In time-cost optimization of a project, crashing is done _____.
[A] on all the activities
[B] on original critical activities and those that become critical at any stage of crashing in order of ascending cost slope
[C] on all activities lying on the original critical path
[D] only on activities lying on original critical path and having flatter cost slopes
Answer: Option B
2. Figure below shows the network for a particular project which consists of four activities
Normal Time and Crash Time for each activity are given below:
|
Activity |
Normal Time (days) |
Crash Time (days) |
|
1-2 |
3 |
2 |
|
2-3 |
4 |
2 |
|
2-4 |
5 |
4 |
|
3-4 |
7 |
5 |
The minimum time required for the completion of project is _____.
[A] 9 days
[B] 13 days
[C] 14 days
[D] 19 days
Answer: Option A
3. The optimistic, most likely and pessimistic time estimates of an activity are 5, 10, 21 days. What is the expected time and standard deviation?
[A] 12, 3
[B] 11,4
[C] 11, 2.67
[D] 10, 16
Answer: Option C
Solution:
to = 5 days, tm = 10 days, tp = 21days
Expected time, te = (to + 4 tm + tp)/6
= (5 + 4×10 + 21)/6
= 11 days
Standard deviation σ = (tp – to)/6
= (21-5)/6
σ = 2.67 days
4. Slack is given as the difference between _____.
[A] Latest allowable occurrence time and earliest expected time
[B] Latest allowable time and pessimistic time estimate
[C] Earliest expected time and latest
[D] Final event time and initial event time allowable time
Answer: Option A
5. If the probability factor is zero, the chances of completing the project in scheduled time are ______.
[A] 0%
[B] 50%
[C] 75%
[D] 100%
Answer: Option B