Time

Question 1

What is the process of Time Management?

Answer 1

Define Activities
Sequence Activities
Estimate Activity Resources
Estimate Activity Durations
Develop Schedule
Control Schedule

Question 2

In which process is the schedule management plan created?

Answer 2

The schedule management plan is creaed in integration managbement, as part of the Develop Project Management Plan process.

Question 3

What are the key outputs of the Define Activities Process?

Answer 3

Activity List
Activity Attributes
Milestone List

Question 4

What are key outputs of the Sequence Activities process?

Answer 4

Network Diagrams

Project doc updates

Question 5

What are key outputs of the Estimate Activity Resources process?

Answer 5

Activity resource requirements

Resource Breakdown Structure (RBS)

Question 6

What are the key ouputs of the Estimate Activity Durations process?

Answer 6

Acitivy duration estimates

Project doc updates

Question 7

What is the develop schedule process? What are its key outputs?

Answer 7

The actions and tools necessary to create a bought into, approved, realistic, and formal project schedule. Outputs:

Project Schedule
Schedule baseline

Question 8

What are the key outputs of the Control Schedule process?

Answer 8

Work performance measurements

change requests

Question 9

What are mandatory and discretionary dependancies?

Answer 9

Mandatory: One Activity MUST be done after or before another; may also be called hard logic.

Discretionary: When you PREFER activities to be accomplished in a certain order; may also be called preferred, preferential, or soft logic.

Question 10

What are external dependancies?

Answer 10

Dependancies based on the needs of a party OUTSIDE the project.

Question 11

What is a resource breakdown structure?

Answer 11

An organizational chart or table showing IDed resources by catagory.

Question 12

What is critical path? How does it help the project?

Answer 12

The longest path through the network diagram.

It shows the PM the shortest time in which the project can be completed.

It shows the PM where to focus his or her time.

It is used in compressing or adjusting the schedule.

Question 13

What is near-critical path?

Answer 13

The path closest in legnth to the critical path

Question 14

Define lag

Answer 14

Waiting time inserted into the schedule.

Question 15

Define total float and the formula for total float?

Answer 15

The amount of time an activity can be delayed without delaying the project.

Formula:
Late start - Early start
OR
Late finish - Early finish

Question 16

Define free float and project float.

Answer 16

Free float: The amount of time an activity can be delayed without delaying the early start date of its successor.

Project float: The amount of time the project cna be delayed without affecting the projects required end date; the desired project end date minus the actual end date.

Question 17

What are the methods to compress a schedule?

Answer 17

Crashing

Fast Tracking

Question 18

What is crashing?

Answer 18

Schedule compression through analyzing cost and schedule trade-offs to obtain the greatest compression for the least cost while maintaining scope.

Question 19

What is fast tracking?

Answer 19

Schedule compression by doing more critical path activities in parallell.

Question 20

What is the critical chain method?

Answer 20

A scheudle netowkr analysis tool that makes use of buffers.

Question 21

What is reestimating?

Answer 21

Estimating the project again after planning to make sure you can still meet the end date, budget, or other objectives.

Question 22

What is resource leveling?

Answer 22

Keeping the amount of resources used for each time period constant, thus affecting the project duration?

Question 23

What is schedule baseline?

Answer 23

the approved schedule with any approved changes, used to measure project schedule perfomrance.

Question 24

What are the main tools for displaying a schedule?

Answer 24

Netowork Diagrams, Bar Charts, Milestone Charts.

Question 25

What do network diagrams show?

Answer 25

Interdependancies between activities. How project activities will flow from beginnign to end. Netowrk diagrams may also be used to determine the critical path.

Question 26

What do simple bar charts show?

Answer 26

Project schedule or project status

Question 27

What do milestone charts show?

Answer 27

High-level project status

Question 28

What is Monte Carlo analysis?

Answer 28

A schedule netowrk analysist technique. It is used to stimulate the project to determine how likely you are to get to the project completed by any specific date or for any specific cost. It is also used in the Perform Quantitative Risk Analysis process to determine overall level of risk on the project.

Question 29

What are the following rules?

50/50 rule
20/80 rule
0/100 rule

Answer 29

Methods of progress reporting.

50 percent (or 20 percent or 0 percent) of the effort is reported complete when an activity beings.

the balance (50 percent, 80 percent, or 100 percent) is recorded only when an activity is finished.