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INFT6304 Project Management

PART A – Multiple Choice (3 marks total – 1 mark each) Duration 3 minutes

Online SAMPLE ONLY Final Exam - 3 multiple choice questions. COMPLETE PART A online on the course Canvas site.

PART B - (20 marks total) Duration 20 minutes

All questions are to be attempted. Answer in the spaces supplied.

Question 1 [10 marks]

a. There are several potential risks and uncertainties in your INFT6304 group project of Assignment 1 and 2. Mention them and explain why you need to plan for risk management and understand its context. [5 marks]

b. Explain how do you identify risk in your INFT6304 group project? And what is the difference between avoiding risk and accepting risk. [5 marks]

Include specific examples of avoiding or accepting risks that you experienced in order to support your explanation.

Question 2 [10 marks]

a. From the following information, draw the project network without lags. Compute the Early and Late Finish and slack times for each activity. Identify the critical path(s). [5 marks]

b. Add the lags and then re-calculate EF, LF and Slack (re-draw your project network). Does it change the original critical path(s)? If yes, what is the new critical path(s)? [5 marks]