Managing Projects Flashcards
Learn vocabulary for Chapter 3
Project organization
An organization formed to ensure that programs (projects) receive the proper management and attention
Work breakdown structure
A hierarchical description of a project into more and more detailed components
Gantt charts
Planning charts used to schedule resources and allocate time
Program evaluation and review technique (PERT)
A project management technique that employs three time estimates for each activity
Critical path method (CPM)
A project management technique that uses only one time factor per activity
Critical path
The computed longest time path(s) through a network
Activity-on-node (AON)
A network diagram in which nodes designate activities
Activity-on-arrow (AOA)
A network diagram in which arrows designate activities
Dummy activity
An activity having no time that is inserted into a network to maintain the logic of the network
Critical path analysis
A process that helps determine a project schedule
Forward pass
A process that identifies all the early times
Backward pass
An activity that finds all the late start and late finish times
Slack time
Free time for an activity
Total slack
Time shared among more than one activity
Optimistic time
The “best” activity completion time that could be obtained in a PERT network
