Question

A project is considered successful if it meets budget and schedule requirements. True False

Answer 1

Project is considered as successful if it meets budget and schedule requirements: FALSE. The project not only meet its budget and schedule requirements, but also need to meet the objective of the project to be a successful project.

The critical path is the sequence of activities in a network that defines the overall duration of the project: TRUE. Critical path is the shortest possible path to complete the project. The activity sequence is mentioned in the critical path.

A fundamental step in managing a project supply chain is to measure the performance of the chain and adjust the flow of resources as needed: TRUE. To manage a supply chain the demand and supply should be managed according to the performance.

Eli Lilly, a global pharmaceutical company, uses a functional structure to organize its research and development projects to discover new drugs for disease treatment: FALSE. The functional structures are used to organize workers. A research organizing is not possible.

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