Exam (elaborations)
PRM3701 ASSESSMENT 4 (616607) SEMESTER 2 2023
- Course
- Project Management (PRM3701)
- Institution
- University Of South Africa (Unisa)
- Book
- Project Management
PRM3701 ASSESSMENT 4 (616607) SEMESTER 2 2023
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Content preview
BMZ ACADEMYBMZ ACADEMY
@061 262 1185/068 053 8213/0717 513 144
BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144
, BMZ ACADEMY
Question text
Consider the following table of activities that describes a project network. Without
causing the critical path to become noncritical or otherwise wasting money, by how
many days max could you crash this project? Assume you can crash only one activity at
a time and that crashing is necessary regardless of cost. You do not want to crash the
critical path(s) beyond the point where it (they) is no longer critical as this will not reduce
project duration.
Normal Crash
ActivityPredecessorsdurationdurationNormal costCrash cost
(days) (days)
A -- 10 5 R 1,000 R 3,000
B A 20 10 R 4,000 R 6,000
C A 5 4 R 2,000 R 4,000
D B, C 3 2 R 1,000 R 2,000
E B, C 20 10 R 5,000 R 10,000
F B, C 4 3 R 3,000 R 4,000
G D, E, F 10 5 R 2,000 R 5,000
a. From 60 days to 50 days
b. From 60 days to 40 days
c. From 60 days to 30 days
d. From 60 days to 20 days
e. From 60 days to 10 days
Question text
An activity's normal time and cost are 10 and R120, respectively. Its estimated crash
time and cost are 7 and R180, respectively. What is this activity's crash cost per time
unit?
a. R20
b. R30
c. R40
d. R50
e. R60
Question text
When crashing a schedule, this may set in when a least-cost method is used.
a. Increased risk
b. Fatigue and resentment
c. Increased cost
d. Decrease in available management reserve
e. Reduced quality
Question text
A project manager just received the following information on her project: PV = 300, EV =
300, AC = 200. In terms of cost at completion,
BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BMZAcademy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R65,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now