Final PN-16 Strategic Cost Management Quiz 6

1. Which of the following statements about Learning Curve is incorrect?

2. Limitations of the Learning Curve approach include –

3. A Learning Curve describes:

4. Activities A, D and F merges at the event 6. If the earliest finish times of A, D and F are respectively 13, 17 and 8 then the earliest time of Event 6 is –

5. A critical path is –

6. Which of the following is not a notable challenge while scheduling a project?

7. The optimum duration is the –

8. Critical Path Method is good for –

9. Which of the following represents reduction in project duration?

10. The slack times of Tail and Head events of Activity P are 10 days and 4 days respectively. If the Free float of the Activity P is 12 days then the Total float would be –

11. The activity that must be completed prior to the start of an activity is called –

12. Which of the following is incorrect?

13. The Normal duration and Normal cost of an activity are 10 days and Rs. 350 respectively. The cost slope is Rs. 75 per day. If the Crash duration is 8 days then what is the Crash cost of the activity?

14. The reduction in project time normally results in –

15. A PERT activity has an optimistic time of 3 days, pessimistic time of 15 days and an expected time of 7 days. What is the most likely time of the activity?

16. Solution of problems of Crashing has to be started by applying the technique on –

17. In a project planning Free float can affect which of the following?

18. Optimistic time and pessimistic time of an activity are respectively 4 days and 16 days. Variance of the duration of the activity will be –

19. The amount of time by which an activity can be delayed without affecting the project completion is called –

20. Following data refers to a project Network. What will be the Critical Path? Activity 1 – 2, 2 – 3 ,3 – 4, 1 – 4, 2 – 5, 3 – 5, 4 – 5 Duration 2 Days, 1 Day, 3 Days, 3 Days, 3 Days, 2 Days, 4 Days

21. Which of the following statement is not true?

22. The time by which the activity completion time can be delayed without affecting the start of the succeeding activities is known as –

23. For an activity the pessimistic, most likely and optimistic times are respectively 10, 6 and 2 days. The expected duration of the activity is –

24. A PERT Network has nine activities on its Critical Path. The Standard Deviation of each activity on the Critical Path is 3. The S. D of the Critical Path is –

25. In PERT Chart, the Activity time distribution is -