Project Time Management: Terms and Concepts, Quizzes of Project Management

Download Project Time Management: Terms and Concepts and more Quizzes Project Management in PDF only on Docsity! TERM 1 What is the average time overrun from 1995 to 2001? DEFINITION 1 222% to 163% TERM 2 Are schedule issues a primary conflict for projects? DEFINITION 2 yes TERM 3 Project Time management DEFINITION 3 involves the processes required to ensure timely completion of activity definition activity sequencing activity duration estimating schedule development schedule control TERM 4 Activity list DEFINITION 4 tabulation of activities to be included on a project schedule TERM 5 Activity Attribution DEFINITION 5 provides schedule related information about each activity, such as predecessors, successors, logical relationships, leads and lags, resource requirements, constraints etc TERM 6 Activity Sequencing DEFINITION 6 involves reviewing activities and determining dependencies between activities TERM 7 Mandatpry dependencies DEFINITION 7 inherent in nature of the work TERM 8 discretionary dependencies DEFINITION 8 defined by the project team TERM 9 What must you determine in order to use critical path analysis? DEFINITION 9 Dependencies TERM 10 what is a dependency? DEFINITION 10 relates to the sequencing of project activities or tasks TERM 21 Critical Path DEFINITION 21 The longest time is the shortest amount of time it takes to complete the project TERM 22 Crashing DEFINITION 22 obtaining the greatest amount of schedule compression for the least incremental cost TERM 23 Fast Tracking DEFINITION 23 tasks by doing them in parallel or overlapping them TERM 24 Buffers DEFINITION 24 additional time to complete a task TERM 25 Murphys Law DEFINITION 25 if something can go wrong, it will TERM 26 Parkinson's Law DEFINITION 26 work expands to fill the time allowed TERM 27 Critical Chain Scheduling DEFINITION 27 removes buffers from individual tasks and instead creates TERM 28 Controlling Changes DEFINITION 28 Don't plan for everyone to work at 100% underpromise and overdeliver TERM 29 average cost overrun 1995- 2001 DEFINITION 29 189%-145% TERM 30 3 techniques for cost estimates DEFINITION 30 analogous (top-down) use the actual cost of a previous project as the basis for the new estimates Bottom- up (zero-based) estimate individual work items and sum them to get a total estimate Parametric use project characteristics in a mathematical model to estimate costs TERM 31 Problems with Cost estimates DEFINITION 31 complex little experience people underestimate must negotiate