1.1. Provide the definitions for resource loading and resource leveling. · Resource loading: · Resource leveling: 1.2. What would the resource allocation problem become if resources were not limited, as is generally not the case? a) Project monitoring and control problem b) Scope creep problem c) Resource selection problem d) Profit maximization problem 1.3. List four of the simple priority rules that are used for allocating scarce resources. · · · · 1.4. What is the goal of “The Goal” text and how can you define the critical chain? · Goal: · Critical chain: 1.5. Which type of project termination is used when the project is successfully completed, and introduced as a new, formal part, of the organization? a) Termination-by-integration b) Termination-by-extinction c) Termination-by-starvation d) Termination-by-addition 1.6. At what stages in the project execution, it is the most easy to deal with changes? a) Late stages b) Planning stages c) Early stages d) Selection stages 1.7. Who makes the decisions to terminate a project? a) A committee of senior managers b) The project manager c) The client d) The functional managers involved in the project 1.8. What are the three critical aspects on which the organizations focus their attention in order to improve their internal processes (i.e., dimensions used in capability maturity models)? · · · 1.9. Two resources (A and B) are needed to complete the project depicted in the network below. The time needed to complete activities A1 and A2, which use resource A, and the time needed to complete activities B1 and B2, which use resource B, are given in parenthesis). A1 (14) B2 (12) B1 (10) A2 (6) 1 2 3 4 What is the minimum completion time possible for the project? What is the maximum completion time possible for the project? 1.10. What are the four risk criteria used for preparing a risk management plan? Use the extended model to identify the fourth risk criterion. · · · · 1.11 Two potential design solutions are considered for a new project and their main performance measure is represented in the figure below. In regard to project quality management considerations, which one of the two designs will be selected? Justify your answer. 1.12 All the activities of the three projects depicted in the figure below have probabilistic duration estimates coming from a normal distribution with a mean of 10 and standard deviation of 3. A B C D E A2 B C D E A3 A1 A1 A2 A3 A4 A5 B1 B2 B3 B4 B5 1. 2. 3. By simulation the execution of the projects, the following project completion time were obtained Project 1 Project 2 Project 3 Average 50.4 51.9 53.4 Std. dev. 7.1 6.3 5.3 Explain the results in the above table. 1.13 Considering the critical chain resource allocation approach, what is the difference between project buffer and feeding buffer? 1.14 What is one specifi ...

1. 1.1. Provide the definitions for resource loading and resource
leveling.
· Resource loading:
· Resource leveling:
1.2. What would the resource allocation problem become if
resources were not limited, as is generally not the case?
a) Project monitoring and control problem
b) Scope creep problem
c) Resource selection problem
d) Profit maximization problem
1.3. List four of the simple priority rules that are used for
allocating scarce resources.
·
·
·
·

2. 1.4. What is the goal of “The Goal” text and how can you define
the critical chain?
· Goal:
· Critical chain:
1.5. Which type of project termination is used when the project
is successfully completed, and introduced as a new, formal part,
of the organization?
a) Termination-by-integration
b) Termination-by-extinction
c) Termination-by-starvation
d) Termination-by-addition
1.6. At what stages in the project execution, it is the most easy
to deal with changes?
a) Late stages
b) Planning stages
c) Early stages
d) Selection stages
1.7. Who makes the decisions to terminate a project?
a) A committee of senior managers
b) The project manager
c) The client
d) The functional managers involved in the project

3. 1.8. What are the three critical aspects on which the
organizations focus their attention in order to improve their
internal processes (i.e., dimensions used in capability maturity
models)?
·
·
·
1.9. Two resources (A and B) are needed to complete the project
depicted in the network below. The time needed to complete
activities A1 and A2, which use resource A, and the time
needed to complete activities B1 and B2, which use resource B,
are given in parenthesis).
A1 (14)
B2 (12)
B1 (10)
A2 (6)
1
2
3

4. 4
What is the minimum completion time possible for the project?
What is the maximum completion time possible for the project?
1.10. What are the four risk criteria used for preparing a risk
management plan? Use the extended model to identify the
fourth risk criterion.
·
·
·
·
1.11 Two potential design solutions are considered for a new
project and their main performance measure is represented in
the figure below.
In regard to project quality management considerations, which
one of the two designs will be selected? Justify your answer.
1.12 All the activities of the three projects depicted in the
figure below have probabilistic duration estimates coming from

5. a normal distribution with a mean of 10 and standard deviation
of 3.
A
B
C
D
E
A2
B
C
D
E

6. A3
A1
A1
A2
A3
A4
A5
B1
B2
B3
B4

7. B5
1.
2.
3.
By simulation the execution of the projects, the following
project completion time were obtained
Project 1
Project 2
Project 3
Average
50.4
51.9
53.4
Std. dev.
7.1
6.3
5.3
Explain the results in the above table.
1.13 Considering the critical chain resource allocation
approach, what is the difference between project buffer and
feeding buffer?

8. 1.14 What is one specific characteristic for aviation project
management?
1.15 Which of the following earned value possible scenarios
would you prefer as a project manager?
Cost ($)
AC
PV
EV
Time
Cost ($)
AC
PV
EV
Time
a)
b)

9. Cost ($)
AC
PV
EV
Time
Cost ($)
AC
PV
EV
Time
c)
d)

10. Question 2 (20 pts.): Consider the following AON network for
an engineering project.
A
B
D
E
F
Start
End
C
The estimated normal durations for each task are indicated in
the table below. Each task in this project can be compressed by
a maximum of two weeks. Each week’s decrease in duration will
cost an amount that is equal to its estimated normal duration
(also indicated in the table below). For example, the duration of
task A can be reduced to 7 weeks by spending an additional $8,
or it can be reduced to 6 weeks for an additional cost of $16.

11. Activity
Predecessor
Normal time
Maximum crash time
Crash cost per week
A
-
8
2
8
B
-
11
3
11
C
B
7
2
7
D
A
9
2
9
E
A
17
3
5
F
C, D
12
2
12

12. a) Which tasks should be compressed if we want to reduce the
project by 3 weeks at the smallest possible cost?
b) What is the increase in the cost for each week that we
decrease the project duration?
c) Consider that the normal cost of the project is $X. If the
project is completed in more than 26 weeks, a penalty of $15
per week is charged for each week late. However, if the project
is completed in less than 26 weeks, there is a $15 bonus paid for
each week early. Find the project duration that minimizes the
total cost.
Question 3 (10 pts.): Projects A and B are both nearing
completion. You are managing a super important project C that
requires an immediate input of a resource being used by both
projects A and B, but is otherwise unavailable. Project A has a
Type 1 life cycle, while Project B’s life cycle is Type 2, as
depicted in the figure below.
From which (or both, or neither) do you borrow the resource?
Why?

13. Question 4 (20 pts.): Two projects A and B, having 5 activities
each, need to be scheduled concurrently. To be completed, each
of the two projects needs two resources, which are presented in
the below figure as white and gray.
A-1
A-2
A-3
A-4
A-5

14. B-1
B-2
B-3
B-4
B-5
Project A
Project B
All activities of both projects A and B have one time unit
duration. Using multitasking, present all possible scenarios for
scheduling the two projects, and calculate their resultant total
completion times. Which of the scheduling scenarios would you
recommend?

15. Question 5 (20 pts.): Consider the information about a project
plan presented in the following table.
Task
Immediate predecessor
Duration (days)
Scheduled cost/day
A
-
3
$1,000
B
-
5
$2,000
C
A
4
$4,000
D
B
8
$1,000
E
C
6
$2,000

16. F
D
8
$3,000
The following table shows the weekly control reports for the
first two weeks (assume 5 working days each week).
Task
End of week 1
End of week 2
Actual completed (%)
Actual cost
Actual completed (%)
Actual cost
A
60%
$1,500
100%
$2,900
B
30%
$3,000
100%
$11,000
C
10%
$2,000
100%
$13,500
D
0%
0
90%

17. $10,000
E
0%
0
50%
$4,000
F
0%
0
0%
0
a) Use the earned value approach to calculate the cost variance,
schedule variance, cost performance index, schedule
performance index for the whole project at the end of week 1
and at the end of week 2.
b) Use the original estimate approach (budgeted cost) and the
revised estimate approach to calculate the projected total cost at
completion, respectively at the end of week 1 and at the end of
week 2.