Answer the following statements true (T) or false (F)
1. One type of probabilistic estimate used in PERT is historical estimates.
2. We may need to consider noncritical activities in estimating a project’s overall duration if the noncritical activities have little slack time or have a low variance.
3. Whether we should crash an activity or not depends on crashing costs per day and whether the activity is on a critical path.
4. If an activity cannot be shortened, then no crashing cost can be calculated.
5. When we consider crashing a project, we need to be aware that there may be little to be gained by crashing all activities.
1. False
2. False
3. True
4. True
5. True
You might also like to view...
Which of the following is not a benefit typically ascribed to an everyday low-pricing (EDLP) strategy?
A. Increased profit margin B. Increased sale advertising C. Stockout reduction D. Improved customer loyalty E. Improved inventory management
Duncan Corp is declared bankrupt. The Royal Bank has a mortgage on its manufacturing plant. Ten employees have a claim for $1,000 each for unpaid wages for the week prior to bankruptcy. The trustee in bankruptcy's fees are $10,000
An unpaid supplier of steel has a claim for products supplied. What class of creditor are the employees? A) Unsecured B) Secured C) Preferred D) General E) Common
Enrollment in a particular class for the last four semesters has been 122, 128, 100, and 155 (listed from oldest to most recent). The best forecast of enrollment next semester, based on a three-semester moving average, would be
A) 116.7. B) 126.3. C) 168.3. D) 135.0. E) 127.7.
The payment of Olinda's debt to Pari is guaranteed by Olinda's personal property. Pari is most likely to perfecther interest by
a. insuringOlinda's property for the full amount of its value. b. calculating the precise amount of Olinda's debt. c. correcting grammatical errors in the parties' written agreement. d. filing a financing statement with the appropriate authority.