Week 3 Flashcards
What is project management?
Project management consists of planning, scheduling, monitoring and controlling, and reporting on information development
What is a project triangle?
Scope, Time, and Budget (Cost)
What does a project manager do?
Project planning, projecting scheduling, project monitoring, and project reporting.
What is project planning?
Project planning consists of identifying all project tasks (by taking into account project cost and time of each)
What is project scheduling?
Project scheduling consists of creating a timetable (showing tasks), task dependencies, and critical tasks that might delay the project.
What is project monitoring?
Guiding, supervising, and coordinating the project team’s workload.
What is project reporting?
Creating regular progress reports for management, users, and the project team.
What is the Gnatt Chart?
It is a horizontal chart (represents set of tasks / actual progress and end goal.)
What does PERT stand for?
PERT is called the Program Evaluation Review Technique. It was developed by the U.S Navy to manage complex projects.
What is CPM (Critical Path Method)?
The Critical Path Method was developed by private industry. It uses a bottom-up technique.
How do you identify tasks in a WBS?
A task is considered to be work that has a beginning and an end.
- A task/activity requires company resources (people, time, or money)
What are events / milestones?
All projects have events or milestones. They are recognizable reference points used to monitor progress.
What are the steps in creating a task in a WBS?
- ) Listing the task
2. ) Estimating task duration (hours, day,s or weeks)
When estimating a task or activity, how do you categorize them?
There are three different types of estimates:
Best case-estimate (B), Probable-case estimate (P), and worst-case estimate (W).
What affects the duration of a project?
- Experience with similar projects can affect the duration of a project. (Developing time and cost estimates based on similar/past developed information systems.)