Schedule

Question 1

WBS, constraints, required milestones, major deliverables, and funding profiles are all inputs to ____

Answer 1

Scheduling

Question 2

Scheduling Methods:

Answer 2

1. Gantt Chart
2. Milestone Chart
3. Network Scheduling

Question 3

CPM

Answer 3

Critical Path Method

adds understanding to dependency of events

Question 4

PERT

Answer 4

Program Evaluation and Review Technique

uses statistical theory to make duration estimates

Question 5

_______ : A project control chart that depicts key events along a timescale.

Answer 5

Milestone/Event Chart

Question 6

Pros and Cons of Gantt/Milestone Charts:

Answer 6

Pros:
- info displayed easily
- inexpensive to prepare
- summary form
Cons:
- does not show dependencies
- Do not reflect uncertainty in dates planned/expected

Question 7

A ___ _____ consists of activities, activity dependencies, milestones, and activity durations.

Answer 7

Network Schedule

Question 8

What is the Critical Path?

Answer 8

The sequence of activities that will take the longest to accomplish.

Question 9

What is the float? (scheduling)

Answer 9

The time that a non-critical activity can be delayed before it interrupts the critical path.

Question 10

PERT Beta Distribution, what does it show?

Answer 10

Probability that project will finish at a given time.

Question 11

Formulae: PERT Beta Chart

Answer 11

te = (a + 4m + b)/6
te = completion time
a = optimistic time
m = most likely time
b = pessimistic time

Question 12

Pros and Cons: Network Schedules

Answer 12

Pros:
- Portrayal of activity dependencies
- easier to see tradeoffs and alternative plans
Cons:
- time consuming
- not good for meetings/reviews (hard to read)

Question 13

Schedule Prep Steps:

Answer 13

1. Define the activity
2. Activity duration estimation
3. Sequencing
4. Development
5. Schedule Control

Question 14

Formulae: Total Schedule

Answer 14

Total Schedule Time = Critical Path + Margin

Question 15

Formulae: Schedule Margin

Answer 15

Schedule Margin = no activities, but funded schedule

Question 16

Formulae: Schedule Margin Rate

Answer 16

Schedule Margin Rate = Schedule Margin/(Planned Activities + Margin)