Session 4 Flashcards
What are the Ten Knowledge Areas of PM
Integration management
Scope management
Schedule management
Cost management
Quality management
Resource management
Communication management
Risk management
Procurement management
Stakeholder management
What is Integration Management?
Ensures coordination of various elements of the project.
What is Scope Management?
Ensures the project includes all and only the work required to successfully complete the project.
What is Schedule Management?
Ensures the timely completion of the project.
What is Cost Management?
Ensures the project is completed within the approved budget.
What is Quality Management?
Ensures the project delivers the expected functionality and satisfies stakeholders’ needs.
What is Resource Management?
Ensures the most effective use of the people involved with the project
What is Communication management?
Ensures timely and appropriate generation, collection, distribution, storage and disposition of project information.
What is Risk Management?
Ensures proper identification, analysis, and response to project risks to minimize negative impact.
What is Procurement Management?
Ensures the acquisition of goods and services from external sources necessary for the project.
What is Stakeholder Management?
Ensures identification, analysis, and engagement of stakeholders throughout the project lifecycle.
What is the WBS?
It’s a tool/technique defining activities in a project
What is the OBS?
A tool/technique dividing an organization into smaller units.
What is the resource assignment matrix?
It determines who will perform what tasks with the help of WBS and OBS.
What are the types of activities/tasks? (3)
Repetitive, Summary, Milestone
What is the PERT Weighted Average Calculation?
Expected Time = (O+4R+P)/6
Can critical tasks be delayed?
no
What is the procedure of the CPM
Compute ES/EF
Compute LS/LF
Computer FLoat/Slack
Identify the Critical Path
How do you calculate Float/Slack
LS - ES = LF - EF
How do you define a critical task on a CPM
The float/slack is 0
What is resource leveling
Technique for resolving resource conflicts by delaying tasks within their slack allowances
