The critical path of a network represents
The minimum time required for completion of project
The maximum time required for completion of project
Maximum cost required for completion of project
Minimum cost required for completion of project
Correct Answer :
A. The minimum time required for completion of project
Related Questions
For ship vessel industry the following layout is best suited
Process layout
Product layout
Fixed position layout
Plant layout
Job evaluation is the method of determining the
Relative worth of jobs
Skills required by a worker
Contribution of a worker
Contribution of a job
Probabilistic time for completion of any activity can be found out from
Optimistic time
Pessimistic time
Most likely time
All of these
Actual performance of a task is called
An event
An activity
A duration
None of these
'Value' for value engineering and analysis purposes is defined as
Purchase value
Saleable value
Depreciated value
Function/cost
A feasible solution to the linear programming problem should
Satisfy the problem constraints
Optimise the objective function
Satisfy the problem constraints and non-negativity restrictions
Satisfy the non-negativity restrictions
The average time recorded by work study man for an operation is called
Standard time
Normal time
Representative time
None of these
In process layout
Handling and backtracking of materials is too much
Production control is more difficult and costly
Routing and scheduling is more difficult
All of the above
The employees provident fund act is applicable to
All industries
All industries other than small and medium industries
Volunteers
The industries notified by Government
Inventory management consists of
Effective running of stores
State of merchandise methods of storing and maintenance etc.
Stock control system
All of the above
Monte Carlo solutions in queuing theory are extremely useful in queuing problems
That can't be analysed mathematically
Involving multistage queuing
To verify mathematical results
All of the above
In break even analysis, total cost consists of
Fixed cost + sales revenue
Variable cost + sales revenue
Fixed cost + variable cost
Fixed cost + variable cost + profit
Process layout is employed for
Batch production
Continuous type of product
Effective utilisation of machines
All of the above
The product layout
Lowers overall manufacturing time
Requires less space for placing machines
Utilises machine and labour better
All of these
The basic difference between PERT and CPM is that
PERT deals with events and CPM with activities
Critical path is determined in PERT only
Costs are considered on CPM only and not in PERT
Guessed times are used in PERT and evaluated times in CPM
The assumption in PERT is
A project will always be behind schedule, if left uncorrected
Cost of project will always be more than the estimated cost, if no timely corrections are taken
A project can be subdivided into a set of predictable, independent activities
Activities are fixed and can't be changed
In the Halsey system of wage incentive plan, a worker is
Paid as per efficiency
Ensured of minimum wages
Not paid any bonus till his efficiency
Never a loser
Under the Apprenticeship Act
All industries have to necessarily train the apprentices
Industries have to train apprentices according to their requirement
All industries employing more than 100 workers have to recruit apprentices
Only industries employing more than 500 workers have to recruit apprentices
Gantt charts provide information about
Breakeven point analysis
Production schedule
Material handling layout
Determining selling price
Time study is used to
Determine standard costs
Determine the number of machines a person may run
Provide a basis for setting piece price or incentive wages
All of the above
Micro motion study is
Analysis of a man-work method by using a motion picture camera with a timing device in the field of view
Motion study observed on enhanced time intervals
Motion study of a sequence of operations conducted systematically
Study of man and machine conducted simultaneously
In product layout
Specialised and strict supervision is required
Machines can not be used to their maximum capacity
Manufacturing cost rises with a fall in the volume of production
All of the above
Break-even analysis consists of
Fixed expenses
Variable cost
Sales revenue
All of these
M.T.M. is used to
Improve existing methods
Establish time standards
Develop effective methods in advance of the beginning of production
All of the above
The production cost per unit can be reduced by
Producing more with increased inputs
Producing more with the same inputs
Eliminating idle time
Minimising resource waste
If TL is the largest allowable event occurrence time, total activity slack (s) is equal to
Latest start time earliest start time
Latest finish time earliest finish time (EFT)
TLEFT
All of the above
Bar chart is suitable for
Large project
Major work
Minor work
All of these
The amount deducted from the salary of workers towards employees provident fund is
Credited into reserves of company
Deposited in nationalised bank
Deposited in post office
Deposited in the account of worker with Provident Fund Commissioner
The technique of value analysis can be applied to
Complicated items only
Simple items only
Crash programmer items only
Any item
Pick up the correct statement from the following
If the float is positive and the activity is delayed by a period equal to its total float, the completion of project in no delayed
If the float of an activity is negative, delay in its performance is bound to delay the completion of project
If the float of an activity is zero, the activity is critical and any delay in its performance will delay the whole project
All of the above