Scheduling Stochastic Projects MCQs

Scheduling Stochastic Projects MCQs

Our experts have gathered these Scheduling Stochastic Projects MCQs through research, and we hope that you will be able to see how much knowledge base you have for the subject of Scheduling Stochastic Projects by answering these multiple-choice questions.
Get started now by scrolling down!

1: A planned cost contingency used to protect the project budget against the impact of unplanned tasks and task overruns is called ____________.

A.   Expected Critical Path (ECP)

B.   Cost/Work Buffer

C.   Monte Carlo Simulation

D.   PERT

2: The longest path in a project’s precedence network when task expected durations is known :

A.   Expected Critical Path (ECP)

B.   Cost/Work Buffer

C.   Monte Carlo Simulation

D.   PERT

3: ______________ is a process that repeatedly sets values for each random variable by sampling (with replacement) from each variable’s respective distribution.

A.   Expected Critical Path (ECP)

B.   Cost/Work Buffer

C.   Monte Carlo Simulation

D.   PERT

4: An acronym for program evaluation and review technique (may also be project evaluation and review technique) is known as:

A.   Expected Critical Path (ECP)

B.   Cost/Work Buffer

C.   Monte Carlo Simulation

D.   PERT

5: Proactive schedule is a baseline schedule developed during the planning phase in such a way as to protect against schedule disruptions is called _________.

A.   Robust Scheduling

B.   Proactive Schedule

C.   Reactive Schedule

D.   None of these

6: Reactive schedule means no explicit schedule is used; the project tasks simply proceed at a predefined rate.

A.   True

B.   False

7: ________________ is the concept of inserting time buffers into a schedule to develop stable proactive schedules that can withstand some risks.

A.   Proactive Schedule

B.   Robust Scheduling

C.   Reactive Schedule

D.   None of these