Project Time Mgmnt

Question 1

Define activities

Answer 1

Process if identifying the specific actions to be performed to produce the project deliverables

Question 2

Scope Baseline

Answer 2

The printer deliverables, constraints, abs assumptions documented in the project scope baseline abs are considered explicitly while defining deliverables

Question 3

Activity List

Answer 3

List including all schedule activities require on the project. Activity identifier and a scope of with description for each activity in detail to he sure project team understands the work.

Question 4

Lead

Answer 4

Acceleration of the successor activity

Question 5

Lag

Answer 5

A delay in the successor activity

Question 6

Estimating activity resources

Answer 6

Estimating types and quantities of material, people, equipment, or supplied required to perform each activity

Question 7

Estimating Activity Durations

Answer 7

Approximating the number if work periods needed to complete individual activities with estimated resources.

Estimated by amount of resources to be applied to complete the activity

Question 8

Parametric Estimating

Answer 8

Uses statistical relationships between historical data and open variables to calculate an estimate for activity parameters, such as cost, budget and duration

Question 9

PERT

Answer 9

Program Evaluation and Review Technique

Three pt estimate

Calculated expected activity duration using weighted averages

Optimistic, pessimistic

Question 10

Reserve Analysis

Answer 10

Contingency reserves account for schedule uncertainty

Contingency should be clearly identifier in schedule documentation

Question 11

Activity Duration Estimates

Answer 11

Quantitative assessments of the likely number of work periods that will be required to complete an activity

Question 12

Total Float

Answer 12

Positive difference between early and late dates

Question 13

Critical Path Method

Answer 13

Calculates theoretical early start and finish dates, and late start and finish dates for all activities without regard for any resource limitations, by performing a forward and backward pass analysts through the schedule network

Question 14

Critical Chain Method

Answer 14

Scheduled network analysts technique that modifies the project schedule to account for limited resiurces

Question 15

Resource Leveling

Answer 15

Scheduled network analysts technique applied to a schedule that has a critical path. Used when shared critical resources or critical resources are only available at certain times/limited quantities or to keep usage at a constant level.

Necessary when resources are over allocated

Question 16

Schedule Compression

Answer 16

Shortens project schedule without changing scope

Question 17

Crashing

Answer 17

Cost and schedule trade offs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost.

Only works for projects where additional resources will shorted the duration.

Question 18

Fast Tracking

Answer 18

Phases or activities normally performed in sequence are performed in parallel. May result in rework or increased work

Only works if activities can be overlapped to shorted the duration.

Question 19

Milestone Charts

Answer 19

Bar charts they identify the scheduled start or completion of major deliverables and key external interfaces.

Question 20

Schedule Performance Index

Answer 20

1 = On Schedule
>1 = Behind
<1= Ahead