03 - Developing Flashcards
Is an early compilation of the significant work items that will have associated cost or schedule considerations.
Work breakdown structure
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 objective of a project
Work breakdown structure
Is a breakdown or hierarchical representation of the various costs in a project
Cost breakdown structure
Represents the costs of the components in the work breakdown structure
Cost breakdown structure
Is a critical tool in managing and the financial aspects of any project and created 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, scope, or quality,
Risk analysis
Extra time
Float
A project management tool in which the stages of a project are graphically represented on a chart.
Project evaluation and review techniques (PERT)
A network analysis technique that allows for conditional and probabilistic treatment of logical relationships
Graphical evaluation and review technique (GERT)
Common scheduling errors
- redundant relationships
- logic loop
An event oriented network analysis technique used to estimate project duration when there is a high degree of uncertainty with individual activity duration estimates
PERT
Applied the critical path method to a weighted average duration estimate
PERT
Is a modification of the traditional GERT approach in that is recognizes special circumstances where multiple number 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 modelling (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 planning
The extra time that’s placed between the final task and the end of the project
Project buffers
The extra time that’s placed between the feeding chain(non critical chain) and 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
Resource loading
