Module 5

Question 1

Resource Smoothing

Answer 1

Involves attempting to even out varying demands on resources by delaying noncritical activities

Question 2

Resource-Constrained Scheduling

Answer 2

Occurs when resources are not adequate to meet peak demands.

Question 3

Time-Constrained Project

Answer 3

Must be completed by an imposed date. Time is fixed, and resources are flexible.

Question 4

Resource-Constrained Project

Answer 4

Assumes the level of resources available cannot be exceeded (limited quantity or availability). Resources are fixed, and time is flexible.

Question 5

Heuristics

Answer 5

Mental shortcuts or rules of thumb that help us make decisions quickly without having to think through every detail.

Question 6

NIMBY

Answer 6

Not In My Back Yard

Question 7

Splitting

Answer 7

To interrupting work on one task and assigning the resources to work on a different task then bringing them back to the original task

Question 8

Time-Phased Budget Baseline

Answer 8

Helps track how a project’s budget is planned to be spent over time, breaks down costs into specific periods

Question 9

Planned Value

Answer 9

It represents the value of the work that is planned to be completed at a specific point in time

Question 10

Levelling

Answer 10

This is used to balance resource demand with the available supply.

Question 11

Crash

Answer 11

Shortening the duration of an activity or a project beyond when it normally can be done.

Question 12

Crash Time

Answer 12

Shortest possible duration in which a project activity or task can be completed by adding extra resources, such as more labor, equipment, or overtime.

Question 13

Crash Point

Answer 13

The point at which further crashing becomes either impossible or inefficient.

Question 14

Project Cost-Duration Graph

Answer 14

Used to compare additional cost alternatives for benefits

Question 15

Fast Tracking

Answer 15

Used to speed up a project by performing tasks or phases simultaneously