Final Exam - Chapter 7 - Time management

Question 1

A vital characteristic of successful project managers is the way______ and _____.

Answer 1

they manage time and the way they help team members manage time.

Question 2

This chapter describes the __________ and _______; the most widely-used tools for scheduling, monitoring, and communicating time aspects of projects.

Answer 2

Program Evaluation Review Technique (PERT)

Critical Path Method (CPM)

Question 3

_____ IS A RESOURCE IF IT IS MANAGED EFFECTIVELY, OTHERWISE IT WILL be a _____

Answer 3

time

constraint

Question 4

_____ _____ relates not only to the anticipated planned activities but also to unexpected events, such as last-minute changes, personnel issues, conflict resolution, and so on.

Answer 4

Time management

Question 5

To be effective, a project manager must be organized and _____ work.

Answer 5

prioritize

Question 6

You must plan your vacation to _____ with daily and routine work.

Answer 6

disconnect

Question 7

An e#ective project manager has a priority list. The lack of prioritization has an adverse e#ect on time management and decision-making.

Answer 7

priority list

Question 8

_____ can affect project organization, progress, personnel, and ultimately the outcome.

Answer 8

indecisiveness

Question 9

However, consider the laws of _____ _____ where, beyond a certain point, additional time and energy is unnecessary and, if continued, can be counter-productive.

Answer 9

diminishing returns

Question 10

This section will describe the techniques of _____ _____ _____ _____ and _____ _____ _____ for planning, scheduling, and controlling project activities

Answer 10

Program Evaluation Review Technique (PERT) and Critical Path Method (CPM)

Question 11

This section will describe the techniques of _____ _____ _____ _____ and _____ _____ _____ for planning, scheduling, and controlling project activities

Answer 11

Program Evaluation Review Technique (PERT) and Critical Path Method (CPM)

Question 12

PERT/CPM shows the sequence and duration for each activity and enables the project man-ager to determine which tasks may become _____ and thus delay the entire project.

Answer 12

bottlenecks

Question 13

network diagram

Answer 13

epicts these nine activities and the estimated duration for each. An arrow presents each activity. Activity duration is shown below the arrow. !e network depicts the interdependence of all of the activities needed to complete this project

Question 14

critical path

Answer 14

Using this network we can determine the total project completion time by identifying what is called the

Question 15

A ____ is a sequence of connected activities that extends from the starting node (1) to the completion node (8).

Answer 15

path

Question 16

One estimate is referred to as ____ and is based on the assumption that everything is under control and that the activity will progress according to an ‘ideal’ plan. A

Answer 16

optimistic

Question 17

Another estimate is referred to as ____ and is based on the assumption that whatever can go wrong will go wrong.

Answer 17

pessimistic

Question 18

The third estimate is referred to as the _____ ____ and is based on a reasonable assumption of normality, somewhere between the optimistic and the pessimistic.

Answer 18

most likely

Question 19

t value formula time

Answer 19

t = (o + 4m + p) / 6

Question 20

Variance formula

Answer 20

o^2 = ((p-o)/6)^2

Question 21

project managers are often asked whether a project will be completed by a certain date and the ________ of that happening, similar to the last question on the list of questions we posed for the seven-activity project. I

Answer 21

probability

Question 22

_______ ______ _____ _______ to a project is a task that can make or break a project and we look at the process of forming a project team in a separate chapter

Answer 22

THE ALLOCATION OF RESOURCES

Question 23

this information can be used to generate a _____ _____ _______ , using a computer software package such as Microsoft Project.

Answer 23

resource allocation graph

Question 24

The ____ _____ process can be particularly useful for management reviews and during plan approvals.

Answer 24

resource smoothing