WEEK 4 VOCAB- Project schedule

Question 1

Project Schedule Management

Answer 1

processes required to ensure timely completion of a project

Question 2

schedule processes

Answer 2

plan schedule management, define activities, estimate activity duration develop schedule,

Question 3

cost planning processes

Answer 3

plan cost management, estimate costs , determine budget

Question 4

activity

Answer 4

distinct, scheduled portion of work performed during the course of a project

Question 5

activity list

Answer 5

(VERBS-create, review…) tabulation of activities to be included in the project schedule (activity name, identifier, and description). created by work packages out of WBS

Question 6

activity attributes

Answer 6

schedule related information about each activity, such as predecessors successors, logical relationships, leads and lags, resource requirements, constraints…

Question 7

WBS 100$ RULE

Answer 7

all work required for the deliverable is included in the sub-deliverables, if you complete all the work packages than you complete all work required

Question 8

milestone

Answer 8

significant point or event in a project. marker to help identify necessary activities

Question 9

SMART Criteria

Answer 9

Specific, Measurable, Attainable, Relevant, time-framed

Question 10

Activity sequencing

Answer 10

relationships or dependencies between activities

Question 11

dependency, relationship

Answer 11

sequencing or project activities, ( overlap, parallel, sequential)

Question 12

mandatory dependency

Answer 12

hard logic, relationships unavoidable - inherent in the nature of the work being done

Question 13

discretionary dependencies

Answer 13

defined by project team. soft logic, (signing off on a storyboard before proceeding)

Question 14

External dependencies

Answer 14

between project and nonproject activities. delivery of equipment. can be mandatory or discretionary

Question 15

Internal dependencies

Answer 15

withing project teams control, testing, all the work is done by the team

Question 16

Network diagram

Answer 16

schematic display of the logical relationships among or sequencing of project activities (PERT Chart)

Question 17

Activity-on-arrow (AOA) Network diagram

Answer 17

(arrow diagramming method ADM). network diagramming technique activities are represented by arrows and connected to points called nodes to illustrate the sequence of activities . only activities with dependencies

Question 18

Node

Answer 18

starting and ending point of an activity. first node is start of a project, last is the end

Question 19

steps to AOA diagram

Answer 19

1. circles are activity boundaries, lines are the actual activity 2. draw node 1 for the start of the project 3. draw nodes for activities that do not need predecessors draw lines fro node 1 to new nodes with duration for each. 4. look for bursts (two or more activities follow a node) and merges ( two or more nodes proceed a single node) 5. continue until all activities are included 6. all arrows show face right, none should cross

Question 20

precedence diagramming method (PDM)

Answer 20

network diagramming technique where boxes represent activities . used to define different types of time dependencies AOA only does start to finish. more commonly used

Question 21

four types of dependencies

Answer 21

1. FS ( finish to start) 2. SS (Start to start) 3. FF (finish to finish) 4. SF (start to finish)

Question 22

lag time

Answer 22

Lag time is a delay between tasks that have a dependency.

Question 23

lead time

Answer 23

is overlap between tasks that have a dependency.

Question 24

duration

Answer 24

includes amount of time working on an activity plus elapsed time

Question 25

effort

Answer 25

work hours required, estimates labor costs - how many billable hours.

Question 26

three-point estiamte

Answer 26

includes an optimistic, most likely, and pessimistic estimate.

Question 27

Program evaluation review technique (PERT)

Answer 27

Network analysis technique used to estimate project duration with high degree of uncertainty of individual activity duration estimates FORMULA:
Optimistic time + 4x most likely time + pessimistic time/6

Question 28

monte carlo simulation

Answer 28

quantitative risk analysis provides probability distribution for outcome values for the whole project. probability of completing an activity between optimistic and most likely times

Question 29

Gantt chart

Answer 29

standard format for displaying projects schedule information by listing project activities and their start and finish dates in a calendar

Question 30

critical path method (CPM)

Answer 30

network diagramming techniques used to predict total project duration and show the amount of schedule flexibility on the network paths within the schedule model.

Question 31

critical path

Answer 31

series of activities that determine the earliest time by which the project can be completed. The longest path is the critical path and also the shortest duration to complete the project

Question 32

slack or float

Answer 32

The amount of time an activity may be delayed without delaying a succeeding activity of the project finish date

Question 33

Crashing

Answer 33

technique for making cost and schedule trade-offs to obtain, the greatest amount of schedule compression for the least incremental cost . increasing costs

Question 34

fast tracking

Answer 34

involves doing activities in parallel that you would normally do in sequence. can end up lengthening the project increases risk of rework

Question 35

Theory of constraints (TOC)

Answer 35

management philosophy that in a complex system there is often only one aspect or constraint that limits its ability to achieve more of its goal

Question 36

critical chain scheduling

Answer 36

method of scheduling that considers limited resources when creating a project schedule and includes buffers to protect the project completion date

Question 37

multitasking

Answer 37

occurs when a resource works on more than one activity at a time

Question 38

buffer

Answer 38

additional time to complete activity

Question 39

murphy’s law

Answer 39

is something can go wrong, it will

Question 40

project buffer

Answer 40

additional time added before project due date

Question 41

feeding buffers

Answer 41

additional time before activities on the critical path that proceeded by non-critical activities

Question 42

Parkinson’s law

Answer 42

work expands to fill the time allowed.

Question 43

tracking Gantt chart

Answer 43

compares planned and actual project schedule information