CIS 3001 Fall 2015: Final Exam (Due: 11:59 PM December 2 2015)Name______________________________________________1.Define predecessor successor and parallel activities. Give a real worldexample of each. – (10 Points)Predecessor activities – those activities that must be completed before another activity can be started. Ex: Computer’s OS must be installed before loading an application package.Successor activities – activities that must follow a particular activity in some type of sequence. Ex: a program must be tested and then documented after it is compiled.Parallel activities – an activity or task that can be worked at the same time as another activity. Ex: Design web page layouts and set-up server2.In the context of critical chain project management what is resourcecontention? (5 Points)3. Define the following and give a real world example of each (other than theones described in the text book): Finish-to-Start; Start-to-Start; Finish-toFinish; Start-to-Finish. (10 Points) 4. Assume the following activities for a project along with theirestimated durations and predecessors. Describe how critical pathanalysis would be applied to this project and calculate thecritical path. Define the concepts: slack/float expedite/crash and fast tracking and explain what theirimplications are for this project? (20 Points)Hint:a.b.c.Start with the following steps:Draw AON diagramCalculate Possible Activity pathsIdentify critical pathActivityABCDEFGEstimated Durationin Days2431132Critical Path: A-B-G-F-HSlack/Float: amount of time an activity can be delayed before it delays the projectExpedite/Crash: adding resources to an activity on the critical path to shorten durationFast Tracking: completing activities in parallel to shorten critical pathPredecessorNoneAAC BC DD EF 5. What are the seven IT project risk managementprocesses? (5 Points)6. What is a risk response plan? What should be included?(5 Points)7. Compare the three types of project risk: known knownunknown and unknown-unknown. Give an example (notdiscussed in the text book) of each. (10 Points) 8. Describe the qualities of a good project metric. (5 Points)9. Given the following information is the Project in trouble?Calculate: (15 Points)a. Cost Variance (CV) : (CV) = EV – ACb. Schedule Variance (SV): (SV) = EV – PVc. Cost Performance Index (CPI) : (CPI) = EV/ACd. Schedule Performance Index (SPI): (SPI) = EV/PV 10. What are the key differences (4-5) between the Agile Project Managementapproach and Waterfall (Traditional Project Management) (10 Points)11. What was your favorite topic in this course? (2 Points)Thank you!!Have a great Thanksgiving!