chapter 3

Question 1

a temporary and often customized initiative that consists of many smaller tasks and activities that must be coordinated and completed to finish the entire initiative on time and within budget

Answer 1

project

Question 2

goal setting, defining the project, team organization

Answer 2

planning

Question 3

relates people, money, and supplies to specific activities and activities to each other

Answer 3

scheduling

Question 4

monitors resources, costs, quality, and budgets; revises plans and shifts resources to meet time and cost demands

Answer 4

controlling

Question 5

a hierarchical description of a project into more and more detailed components

Answer 5

Work Breakdown Structure (WBS)

Question 6

a bar chart showing both the amount of time involved and the sequence in which activities can be performed

Answer 6

Gantt chart

Question 7

: the sequence of activities that takes the longest time and defines the total project completion time

Answer 7

critical path

Question 8

: Allowable slippage for path; the difference the length of path and the length of critical path

Answer 8

slack

Question 9

was developed to handle uncertainties and variability in activity completion times

Answer 9

PERT

Question 10

activity time under ideal conditions

Answer 10

Optimistic time (a)

Question 11

: most realistic activity time under normal conditions

Answer 11

Most likely time (m)

Question 12

activity time if breakdowns or serious delays occur

Answer 12

Pessimistic time (b):

Question 13

weighted average of three time estimates

Answer 13

Time expected (t)