BUS 325 -01 Test 4

BUS 325 -01 Test 4Chapter 14 to 165 Questions at 3 points each1. The job of the project manager is to:a. Control all costsb. Control costs directly controllable by the project organizationc. Control costs, schedule, and performance of the projectd. Keep within the budget, no matter what2. Total slack is defined as:a. The amount of time the project is idleb. The amount of time that an activity duration can be increased without delaying th Key e start of the next activityc. The amount of time that an activity duration can be increased without delaying project completiond. The amount of time that workers will not have duties to perform3. Multiple critical paths can exist under CPM because:a. There is more than one way to complete the projectb. Many network paths exist, each with the same total timec. Great flexibility of activity sequences is availabled. None of the above4. Project management requires:a. Scheduling, planning, and controllingb. Quantitative skillsc. Behavioral skillsd All of the above5. Which of the following statements is true about a critical path?a. A critical path consists of activities for which early start time equals late start timeb. The activities along the critical path take the longest timec. A critical path consists of activities for which early finish time equals late finish timed. There is no slack in the activities along the critical pathf. All of the aboveEssay questions 5 Questions at 8 points each Chapter 14 to 161. Assume you have received a project plan .for organizing your company annual banquet,. There will be three employee awards and one a political figure would be the key note speaker Using Fig. 14.1(attached) for guidance prepare the schedule.2. Explain independent vs dependent demand and how it affects the planning process.3. Briefly compare the continuous vs the periodic review system4. Compare and explain the differences between MRP and the older order point system.5. The following is a PERT chart.Pert chart attachedAssuming all tasks are equal to 6 days, which is the longest path? ____Assuming only A, B, and C are equal to 6 days other tasks equal 4 days, which are the respective lengths of the paths?You decide to eliminate task D at a cost of $100, what would happen to the network timewise?