- ________ is typically not referred to as a buffer type incritical chain project management.
a. resource buffer
b. free buffer
c. feeding buffer
d. project buffer
- A company has to make a choice between two projects, becausethe available resources in money and kind are not sufficient to runboth at the same time. Each project would take 9 months and wouldcost $250,000.
- The first project is a process optimization which would resultin a cost reduction of $120,000 per year. This benefit would beachieved immediately after the end of the project.
- The second project would be the development of a new productwhich could produce the following net profits after the end of theproject:
- year: $ 15,000
- year: $125,000
- year: $220,000
Assumed is a discount rate of 5% per year. Looking at thepresent values of the benefits of these projects in the first 3years, what is true?
a. Both projects are equally attractive.
b.The first project is more attractive by app. 7%.
c. The second project is more attractive by app. 5%.
d. The first project is more attractive by app. 3%.
3. Your project management team includes two externalconsultants each from a different company.You found that repeatedconflicts between the two consultants already slow down projectprogress and jeopardize achievement of objectives.
Which stage of team development can be difficult to overcome insuch a situation?
a Storming from Forming, Storming, Norming, Performing
b Panic from Enthusiasm, Panic, Hope, Solution
c Kickoff from Assignment, Kickoff, Training, Communicating
d Frustration from Direction, Frustration, Cooperation,Collaboration
4. During a project, earned value analysis is performed,resulting in the following numbers:
EV: 523,000; PV:623,000; AC: 643,000.
Which results arecorrect?
a CV: 120,000 SV:100,000
b CV: 100,000 SV:120,000
c CV: -100,000 SV:-120,000
d CV: -120,000 SV:-100,000
