Chapter 3 Flashcards
define work breakdown structure (WBS)
a hierarchical description of a project into more and more detailed components
define Gantt charts
planning charts used to schedule resources and allocate time
define program evaluation and review technique (PERT)
a project management technique that employs three time estimates for each activity
define critical path method (CPM)
a project management technique that uses only one time factor per activity
define critical path
the computed longest time path(s) through a network
define activity-on-node (AON)
a network diagram in which nodes designate activities
define activity-on-arrow (AOA)
a network diagram in which arrows designate activities
define critical path analysis
a process that helps determine a project schedule
define forward pass
a process that identifies all the early times
define backward pass
an activity that finds all the late start and late finish times
define slack time
free time for an activity. also referred to as free float or free slack
define optimistic time
the “best” activity completion time that could be obtained in a PERT network
define pessimistic time
the “worst” activity time that could be expected in a PERT network
define most likely time
the most probably time to complete an activity in a PERT network
define crashing
shortening activity time in a network to reduce time on the critical path so total completion time is reduced
one of the current technology trends in services is
the shift away from time-dependent transactions
integration of design and production of a product through the use of a computer is known as
computer-aided design and manufacturing system
programmable machines that can perform multiple functions are known as
industrial robots