Planning Management Flashcards
What is a DELPHI study?
an analysis technique that utilizes surveys and anonymous experts
What are the three key elements of a DELPHI study?
1) structure of information flow (surveys, respondents, and project manager) 2) feedback loop 3) participant anonymity and expertise
A DELPHI study can best study what type of problem?
Simplistic, not multi-faceted
What two project management techniques model a network/sequence of parallel and corresponding tasks?
PERT and CPM
What is PERT?
Program Evaluation and Review Technique
What is CPM?
Critical Path Method
What is the difference between PERT and CPM?
PERT: Variable task times. CPM: fixed task times
Why does the task increment escalate in 10s in PERT>
In order for new tasks to be inserted as project progresses
What two management principles deal with a hierarchy of needs?
Maslow and ERG
What does ERG stand for?
Existence, Relatedness, Growth
What are the primary differences between Maslow and ERG?
Maslow: a large number of multiple steps, each achieved at the completion of the next, all people act the same. ERG: only three steps, steps may overlap or parallel, all people are different
What is a Gantt chart?
Schematic that shows the steps/tasks of project on a parallel, horizontal model.
What is WBS?
Work Breakdown Structure. It is a form of a Gantt chart, by which multiple tasks are broken down and identified
What role does a WBS play in project planning?
Used prior to a CPM or PERT in order to identify the tasks.
What is ZBB?
Zero Based Budgeting. It is a budget process which assumes that the baseline budget each fiscal cycle is zero.