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Scheduling Stochastic Projects MCQ

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

Proactive Schedule

Robust Scheduling

Reactive Schedule

None of these

Answer

Correct Answer: Robust Scheduling

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

True

False

Answer

Correct Answer: True

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

Robust Scheduling

Proactive Schedule

Reactive Schedule

None of these

Answer

Correct Answer: Proactive Schedule

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

Expected Critical Path (ECP)

Cost/Work Buffer

Monte Carlo Simulation

PERT

Answer

Correct Answer: PERT

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

Expected Critical Path (ECP)

Cost/Work Buffer

Monte Carlo Simulation

PERT

Answer

Correct Answer: Monte Carlo Simulation

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

Expected Critical Path (ECP)

Cost/Work Buffer

Monte Carlo Simulation

PERT

Answer

Correct Answer: Expected Critical Path (ECP)

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

Expected Critical Path (ECP)

Cost/Work Buffer

Monte Carlo Simulation

PERT

Answer

Correct Answer: Cost/Work Buffer

Note: This Question is unanswered, help us to find answer for this one