criterion.
b. To use the expected value criterion, we must know every
possible outcome.
c. The expected value criterion determines the optimal
decision by choosing the best expected payoff.
d. Adding resources will decrease the project time to
completion.
17. Which of the following is false?
a. Crashing an activity on the critical path can cause
another path to become the critical path.
b. The maximum crash time reduction for each and every
activity is limited.
c. CPM assumes that adding resources to crash an activity
from its normal time to its crash time will reach a
point of diminishing returns.
d. Crashing non-critical activities will not reduce the
project time.
18. Let Ti = normal completion time for task i
Ri = crash completion time for task i
Ci = normal cost for task i
Hi = crash cost for task i
Xi = start time for task i
Yi = amount of time by which task i is to be crashed.
What is the objective function of a linear programming model for
project crashing?
a. all i Yi(Hi – Ci)/(Ti – Ri)
b. all i on critical path Yi(Hi – Ci)/(Ti – Ri)
c. all i XiYi
d. all i YiHi
19. Which statement does not represent a set of constraints for a
linear programming approach to project crashing?
a. There is a limit to the time reduction for each
activity.
b. No activity can be reduced more than its slack time.
c. Activity start time must be greater than the finish time
of all immediate predecessors.
d. The project must be completed by the deadline (or within
budget).
20. Let B = budgeted total cost for a work package
T = estimated completion time for a work package
P = percent complete