MANAGEMENT SPRING SEMESTER 2016 QUIZ # 3

MANAGEMENTSPRING SEMESTER 2016QUIZ # 3TOTAL MARKS: 10 / 20mintues timePlease read the following instructions carefully before attempting quiz.This Quiz covers lesson #: 28-32.Last date for submission of quiz # 01 is 22-2-2016All instruction will be considered during checking quiz. So, consider all these.You must attempt the quiz solution (in word document) in the followingshape/form:Q no. Selected option1 a2 b3 cNo solution will be accepted against instructions.Give the answer according to questionAvoid choosing more than one option.Make sure that you upload the solution before due date. No solution willbe accepted through E-mail after the due date.Cheating or copying of solution is strictly prohibited; No credit will begiven to copied assignment.1) Which one is the most common scheduling technique?a) Program Evaluation and Review Technique (PERT)b) Precedence Diagram Method (PDM)c) Graphical Evaluation and Review Technique (GERT)d) Milestone charts2) PERT (Program Evaluation and Review Technique) forms basis ofa) Controllingb) Planningc) Planning & controllingd) Planning & predicting3) Dummy activities are represented bya) A lineb) A dotted linec) An arrowd) A hole4) What forms the basis of network re planning?a) PERT chartb) Slack timec) Critical pathd) Earliest start time5) The latest allowable starting date must be calculated froma) Start to Finishb) Finish to Startc) Start to Middled) Finish to Middle6) Which one is not an assumption of estimating activity time?a) Most optimistic completion timeb) Most pessimistic completion timec) Most un- likely completion timed) Most likely completion time7) For expected values, variance is used fora) Comparisonb) Calculationc) Estimationd) Identification8) Which one is the primary objective on a schedule?a) Low costb) Best timec) More riskd) Short time9) Cost estimating relationship is the output ofa) Cost modelb) Cost structurec) Pricing estimationd) Pricing10) The pricing-out of the work breakdown structure provides the basis fora) Project costb) Communicationc) Cost modeld) Estimation