Project Management Flashcards
What activities carry out a project?
Defining and organizing
Planning
Executing
Monitoring
What activities belongs to the project planning phase?
Work structure
Making the Schedule
Assessing risks
Analyzing cost-time trade-offs
What activities belong to the project defining and organizing phase?
Defining objectives and organizing resources
What activities belong to the project executing phase?
Manage resources
Implement risk response
Manage project knowledge
What activities belong to the project monitoring phase?
Compare
Revise
Action
What is a Project?
A related set of activities that come together to form a unique outcome with a definite starting and end point
What are examples of a project?
Making a rocket
Making a movie
Organizing a wedding
How do you compute the slack time?
Latest Start Time - Earliest Start Time
Latest Finish Time - Earliest Finish Time
Can there be slack time in the Critical Path without delaying the project?
No
What is an activity’s Earliest Start time when it has only 1 predecessor?
Its ES equals the Earliest Finish Time (EF) of its predecessor
What is an activity’s Earliest Start time when it has many predecessors?
Its ES equals the Maximum earliest finish time of all its predecessors (activity begins after the last predecessor ends)
What is an activity’s earliest finish time?
Its EF equals the earliest start time plus its activity time (ES + Activity Time)
