Time Mgmt

Question 1

What is the process of time mgmt?

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 mgmt plan is created in integration mgmt, as a part of the Develop Project Mgmt 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 document updates

Question 5

What are key outputs of the Estimate Activity Resources process?

Answer 5

Activity resource requirements

Resource breakdown structure

Question 6

What are key outputs of the Estimate Activity Durations process?

Answer 6

Activity duration estimates

Project document 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 key outputs of the Control Schedule process?

Answer 8

Work performance measurements

Change requests

Question 9

What are mandatory dependencies and discretionary dependencies?

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 dependencies?

Answer 10

Dependencies base 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 idenfied resources by category

Question 12

What is the critical path?

How does it help the project?

Answer 12

The longest path through the network diagram

It shows the project mgmr the shortest time in which the project can be completed

It shows the project mgr where to focus his or her time

It is used in compressing or adjusting the schedule

Question 13

What is the near-critical path?

Answer 13

The path closest in length to the critical path

Question 14

Define lag

Answer 14

Watiting 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 amt of time an activity can be delayed without delaying the early start date of its successor

Project Float: The amount of time the project can be delayed without affecting the project’s required end date; the desired project end date minus the actual end date

Question 17

What are methods to compress a schedule?

Answer 17

Crashing

Fast tracking

Question 18

What is crashing

Answer 18

Schedule compression through analyzing cost & 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 parallel

Question 20

What is the critical chain method?

Answer 20

A schedule network 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 a schedule baseline?

Answer 23

The approved schedule with any approved changes, used to measure project schedule performance

Question 24

What are main tools for displaying schedule?

Answer 24

Network Diagrams

Bar charts

Milestone charts

Question 25

What do network diagrams show?

Answer 25

Interdependencies between activities

How project activities will flow from beginning to end

Network diagrams may also be used to determine 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 Carol analysis?

Answer 28

A schedule network analysis technique

It is used to simulate the project to determine how likely you are to get 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 an 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% (or 20% or 0%) of the effort is reported complete when an activity begins.

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