4.9 Problems

1. What are the advantages and disadvantages of the CPM?

2. What are the benefits of project management?

3. Define the following terms:

   • Project selection;

   • Project management;

   • Project.

4. Discuss the types of information required to evaluate a project.

5. What are the reasons for rarely using the mathematical models when selecting projects in the industrial sector?

6. Discuss three different types of project selection models.

7. What are the functions of project management?

8. What are the responsibilities of a project manager?

9. Write an essay on PERT and CPM.

10. A project was broken down into eight distinct activities as presented in Table 4.11. The table also presents the expected duration times of all these activities. Construct a CPM network for the project and identify the network's critical path.

    Table 4.11: Project Activities and Related Data

    Number	Activity	Immediate Predecessor Activity or Activities	Expected Duration Time (Days)
    1	A		10
    2	B		3
    3	C		4
    4	D	A, B, C	7
    5	E	A	6
    6	F	E	9
    7	G	D, F	15
    8	H	G	4