03 Flashcards
Is an early compilation of the significant work items that will have associated cost or schedule considerations
Work breakdown structure (WBS)
Is defined as a task-oriented, detailed breakdown of activities that organizes, defines, and graphically displays the total work to be accomplished to achieve the final objectives of a project
Work breakdown structure (WBS)
Is a breakdown or hierarchal representation of the various costs in a project.
Cost breakdown structure (CBS)
Is a critical tool in managing and the financial aspects of any project and creates a structure for applying measurable cost controls
Cost breakdown structure
Is the determination of the timing and sequence of operations in the project and their assembly to give the overall completion time
Scheduling
An uncertain event or condition that, if it occurs, has a positive or negative effect on at least one project objective, such as time, cost and scope, or quality
Risk analysis
A project management tool in which the stages of a project are graphically represented on a chart
Program evaluation and review technique (PERT)
A network analysis technique that allows for conditional and probabilistic treatment of logical relationships
Graphical evaluation and review technique (GERT)
An event-oriented network analysis technique used to estimate project duration when there is a high degree of uncertainty with individual activity duration estimates
program evaluation and review technique (PERT)
Applies the critical path method to a weighted average duration estimate
Program evaluation and review technique (PERT)
Is considered a probabilistic method
Program evaluation and review technique (PERT)
Is modification of the traditional GERT approach in that it recognizes special circumstances where multiple numbers of the project teams or activities must be taken into consideration simultaneously
Queue- Graphical evaluation and review technique
Was the first simulation language which allowed a modeler to formulate a system description using process, event or continuous world views or any combination of the 3
Simulation language for alternative modeling (SLAM)
Which has been developed to help prepare a robust construction plan, focusing on construction feedbacks in dealing with indirect and unanticipated events during construction
Dynamic planning and control methodology (DPM)
Is a project management methodology that helps you monitor essential resources and prioritize dependent tasks within a project
Critical chain project management (CCPM)
The extra time that’s placed between the final task and the end of the project. Adding an extra chunk of time before the expected due date to give team members a chance to catch up on any outstanding project tasks they couldn’t get to earlier
Project buffers
The extra time that’s placed between the feeding chain and the critical chain. Adding this buffer into the timeline prevents any delays from the feeding chain affecting the critical chain
Feeding buffers
These are literal resources you set aside in case the critical chain is in need of extra supplies- like extra team members to have on hand, additional equipment,or help from a third-party
Resource buffers
Is the full amount of assigned hours you have tasked your team with divided by the number of hours you have to do the work. You can view resource loading on a daily, weekly, monthly or project basis.
Resource loading
A scheduling technique using networks for graphic display of the work plan. The method is used to determine the length of a project and to identify the activities that are critical to the completion of the project
Critical path method
A node network that allows for the use of four types of relationships: finish-to-start(FS) , start-to-start(SS), finish-to-finish(FF) and start-to-finish (SF)
Precedence diagramming method (PDM)
