CPM Operations & Project Management 3

Question 1

Which project scheduling technique uses three time estimates (optimistic, most likely, pessimistic) to account for uncertainty in activity durations?

Accepted Answer

Program Evaluation and Review Technique (PERT)

Answer

PERT uses three-point estimation to calculate expected durations and assess schedule risk under uncertainty.

Question 2

A lean operations manager identifies a step in the production process that produces more output than the next step can handle. This is an example of which type of waste?

Accepted Answer

Overproduction

Answer

Overproduction—producing more than what is needed or before it is needed—is considered the most serious waste in lean thinking because it generates other wastes.

Question 3

What is the primary purpose of a project charter in project initiation?

Accepted Answer

To formally authorize the project and grant the PM authority to apply resources

Answer

The project charter formally authorizes the project's existence and gives the project manager authority to assign resources to project activities.

Question 4

In supply chain management, which strategy involves a supplier delivering materials directly to the production line exactly when needed, eliminating warehouse storage?

Accepted Answer

Just-in-Time (JIT) delivery

Answer

JIT delivery synchronizes supplier deliveries with production schedules to eliminate inventory holding costs and storage needs.

Question 5

A project manager calculates a Schedule Performance Index (SPI) of 0.75. What does this mean?

Accepted Answer

The project is completing only 75 cents of scheduled work for every dollar of time elapsed

Answer

SPI = EV/PV; an SPI of 0.75 means the project is earning only $0.75 of planned value for every $1 of planned time, indicating it is behind schedule.

(CPM) Certified Professional Manager Practice Test

(CPM) Certified Professional Manager Practice Test

CPM Operations & Project Management 3