Industrial Engineering and Production Management
When slack of an activity is negative

The activity is critical and any delay in its performance will delay the completion of whole project
All of these
It represents that a programme falls behind schedule and additional resources are required to complete the project in time
It represents a situation where extra resources are available and the completion of project is not delayed

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Industrial Engineering and Production Management
Value engineering aims at finding out the

Major function of the item and accomplishing the same at least cost without change in quality
Depreciation value of a product
Break-even point when machine requires change
Resale value of a product

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Industrial Engineering and Production Management
The correct sequence of phases in value engineering is

Information phase, creative phase, investigation phase, evaluation phase
Creative phase, information phase, investigation phase, evaluation phase
Creative phase, investigation phase, evaluation phase, information phase
Investigation phase, information phase, creative phase, evaluation phase

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Industrial Engineering and Production Management
Pessimistic time is

The minimum time in which an activity can possibly be accomplished
The most probable time considering all conditions
The average time required for a job
The maximum time which an activity might require

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