Revision – Mid Term

• Project, Program and Portfolio

• Project Selection methods
• Payback period
• NPV
• IRR
• ROI
• Stakeholder Management
• Identify
• Assess
• Plan
• Manage
• Project Management Plan
• Scope
• Time
• Cost
• Other sub-plans of project management plan
 Revision – Mid Term

• Requirement identification
• WBS
• Network Diagram
• Activity on Arrow or Arrow Diagramming Method
• Activity on Node (AON) or Precedence Diagramming Method
(PDM)
• Dependencies - Types
• Critical Path
• Slack/ Float
• Lead/ Lag
• Program Evaluation Review Technique – PERT
• Fast Tracking/ Crashing
• Critical Chain
• Resource Leveling
• mpp to plan and control schedule, resource
1. For a network using PERT for determining activity durations, one of the activities in the network is having a
standard deviation of 10 minutes. This activity has a pessimistic time duration of 75 minutes. What is the optimistic
time duration of this activity(in minutes)?
a.65
b.85
c.135
d.15
e.none of the above

2. The project manager has just received a change request from the customer that does not affect the project schedule
and is easy to complete. What should the project manager do first?
(a) make the changes happen as soon as possible
(b) contact the project sponsor for permission
(c) go to the change control board
(d) evaluate the impacts on other project constraints & cost of project
(e) none of the above
(f) all of the above
3. Your organization is considering to run a project which will entail an investment of $1,000,000 in the 0 th
year and will earn revenues for next three years only. The product from the project is forecasted to create
revenues of $250,000 in the first year after the end of the project and of $420,000 in each of the two
following years. What is true for the net present value of the project over the three years cycle at a
discount rate of 10%(which gives a factor of 0.91 for year 1, 0.83 for year 2 and 0.75 for year 3)?
(a) The net present value is positive, which makes the project attractive.
(b) The net present value is positive, which makes the project unattractive.
(c) The net present value is negative, which makes the project attractive.
(d) The net present value is negative, which makes the project unattractive.
(e) none of the above
 Activity Predecessor Duration (days)
I.Excavation - 20
II.Sanit. Main Excavation 20
III.Footing 1 Excavation 40
IV.Footing 2 Sanit. Main 40
V.Wall 1 Footing 1 30
VI.Wall 2 Wall 1, Footing 2 30

Activity Normal Duration Normal Cost Crash Duration Crash Cost

I.Excavation 20 2000 10 3600
II.Sanit. Main 20 3000 16 5000
III.Footing 1 40 2000 12 7600
IV.Footing 2 40 2000 32 3000
V.Wall 1 30 5000 24 6200
VI.Wall 2 30 4000 18 7600

• Total time required for construction of a single house

• Critical activities
• Earliest finish time of activities IV and V?
• Latest finish time of activities I and III?
• Earliest finish time of activity VI if there was Finish-Finish lag of 60 days from activity II to VI
• Total cost of construction of the house for normal duration of activities
• Total time of construction of the house is to be reduced by a day, which activity or activities will be crashed?
• What is the total cost of construction after crashing