Financial The Certified Internal Auditor Part 3 CIA-III Exam Questions in PDF

Free Financial CIA-III Dumps Questions (page: 58)

The following information and diagram apply to a project:



The earliest completion time for the project is:

  1. 11 days.
  2. 14 days.
  3. 15 days.
  4. 20 days.

Answer(s): C

Explanation:

The two paths through the network are A-C-E 5 + 4 + 6 = 15 days) and B-D-E 3 +2 + 6 = 11 days). The critical or longest path is thus A-C-E. Hence, the earliest completion time is 15 days.



Which of the following terms is not used in project management?

  1. Dummy activity.
  2. Latest finish.
  3. Optimistic time.
  4. Lumpy demand.

Answer(s): D

Explanation:

Project management concerns managing teams assigned to special projects. Lumpy demand refers to periodic demand for a product or service that increases in large, lumpy increments.



Activity scheduling information for the installation of a new computer system is given below



The earliest completion time for the project is:

  1. A-C.
  2. B-E.
  3. A-D-E.
  4. B-D-C.

Answer(s): C

Explanation:

The critical path is the longest path because it defines the minimum duration of the project.
A-D-E 4 + 6 + 5 = 15) is the critical path.



In a critical path analysis, if slack time in an activity exists, the activity:

  1. Is not essential to the overall project.
  2. Is a backup activity to replace a main activity should it fail.
  3. Could be delayed without delaying the overall project.
  4. Involves essentially no time to complete.

Answer(s): C

Explanation:

Slack is the free time associated with each activity. In other words, paths that are not critical have slack time. Slack represents unused resources that can be diverted to the critical path.



The primary difference between PERT and CPM is that:

  1. CPM uses probabilities on the activity times and PERT does not.
  2. PERT considers activity costs and CPM does not.
  3. PERT can assign probabilities to activity times and CPM does not.
  4. CPM considers activity costs and PERT does not.

Answer(s): D

Explanation:

Both PERT and CPM are network analysis techniques. But CPM was developed independently of PERT and is widely used in the construction industry. CPM may be thought of as a subset of PERT. Like PERT, it is a network technique, but, unlike PERT, it uses deterministic time and cost estimates. Its advantages include cost estimates plus the concept of "crash" efforts and costs. Activity times are estimated for normal effort and crash effort. Crash time is the time to complete an activity assuming that all available resources were devoted to the task overtime, extra crew, etc.). Activity costs are also estimated for normal and crash efforts. These estimates allow the project manager to estimate the costs of completing the project if some of the activities are completed on a crash basis. The network diagram is constructed in the same manner as PERT diagrams. Once the diagram is constructed, the critical paths are found for normal and crash times. More than one critical path may exist for each diagram.



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R
Reeta
7/17/2023 5:22:00 PM

please upload the c_activate22 dump questions with answer

W
Wong
12/20/2023 11:34:00 AM

q10 - the answer should be a. if its c, the criteria will meet if either the prospect is not part of the suppression lists or if the job title contains vice president

D
david
12/12/2023 12:38:00 PM

this was on the exam as of 1211/2023

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Tink
7/24/2023 9:23:00 AM

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Jaro
12/18/2023 3:12:00 PM

i think in question 7 the first answer should be power bi portal (not power bi)

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9eagles
4/7/2023 10:04:00 AM

on question 10 and so far 2 wrong answers as evident in the included reference link.

T
Tai
8/28/2023 5:28:00 AM

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VoiceofMidnight
12/29/2023 4:48:00 PM

i passed!! ...but barely! got 728, but needed 720 to pass. the exam hit me with labs right out of the gate! then it went to multiple choice. protip: study the labs!

A
A K
8/3/2023 11:56:00 AM

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Nitin Mindhe
11/27/2023 6:12:00 AM

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BailleyOne
11/22/2023 1:45:00 AM

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10/25/2023 8:17:00 AM

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MortonG
10/19/2023 6:32:00 PM

question: 128 d is the wrong answer...should be c

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11/2/2023 3:15:00 AM

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10/31/2023 12:07:00 PM

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9/3/2023 2:14:00 PM

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8/12/2023 7:56:00 PM

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Miguel
10/5/2023 12:16:00 PM

question 11: https://help.salesforce.com/s/articleview?id=sf.admin_lead_to_patient_setup_overview.htm&type=5

N
Noushin
11/28/2023 4:52:00 PM

i think the answer to question 42 is b not c

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8/28/2023 1:00:00 AM

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10/31/2023 12:51:00 AM

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suresh
12/16/2023 10:54:00 PM

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W
Wali
6/4/2023 10:07:00 PM

thank you for making the questions and answers intractive and selectable.

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Nawaz
7/18/2023 1:10:00 AM

answers are correct?

D
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6/23/2023 7:57:00 AM

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10/15/2023 1:34:00 PM

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12/17/2023 8:36:00 AM

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8/20/2023 9:23:00 AM

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11/15/2023 11:24:00 AM

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Vetri
10/3/2023 12:59:00 AM

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Ranjith
8/21/2023 3:39:00 PM

for question #118, the answer is option c. the screen shot is showing the drop down, but the answer is marked incorrectly please update . thanks for sharing such nice questions.

E
Eduardo Ramírez
12/11/2023 9:55:00 PM

the correct answer for the question 29 is d.

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