1			Which of the following is not a typical project milestone?
			A)	Completion of design
			B)	Production of a prototype
			C)	Training of project members
			D)	Completed testing of the prototype
			E)	Approval of a pilot run
2			Which of the following are organizational structures used to tie the project to the parent firm?
			A)	Pure project
			B)	Functional project
			C)	Matrix project
			D)	Only A and B
			E)	Only B and C
			F)	A, B, and C
3			The advantages of pure project include all but:
			A)	The project manager has full authority over the project.
			B)	Team pride, motivation, and commitments are high.
			C)	Decisions are made quickly.
			D)	A team member can work on several projects.
			E)	Team members report to one boss.
4			The advantage(s) of the network planning models over the Gantt chart is (are) that:
			A)	they are easy to use and quite widely understood
			B)	the precedence relationships in network scheduling are explicitly shown
			C)	they are less costly to use
			D)	both A and B
			E)	both B and C
5			"Slack" refers to the difference between:
			A)	latest and earliest times
			B)	finish and start times
			C)	observed and predicted times
			D)	optimistic and pessimistic times
			E)	none of the above
6			Which of the following would not be considered in deciding how far to minimum-cost schedule (crash) a project?
			A)	Project overrun penalties
			B)	Incentives for early completion
			C)	Indirect project costs (e.g. interest on a construction loan)
			D)	The normal duration times of tasks not on a critical path
			E)	How far individual tasks can be crashed
7			Which statement is true about Project Scheduling?
			A)	Slack is defined as the difference between the earliest start and the latest finish of a task.
			B)	The critical path seldom has a slack time of zero.
			C)	Project crashing is an effort to maximize project duration.
			D)	The earliest finish for a task is equal to the early start plus the task duration.
			E)	None of the above statements are true.

Reference: 0301
There is an activity "A". The earliest activity "A" can be completed is 8 minutes, the most likely time is 10 minutes, and the latest activity "A" can be completed is 12 minutes.

8			Refer To: 0301 What is the expected time needed to complete activity A?
			A)	8 minutes
			B)	10 minutes
			C)	12 minutes
			D)	11 minutes
			E)	None of the above
9			Refer To: 0301 Which of the following is the standard deviation of this activity A?
			A)	sqrt (4/36)
			B)	sqrt (16/36)
			C)	sqrt (10/36)
			D)	4/36
			E)	16/36