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Cards In This Set
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What are the three factors in tension?
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1. Time2. Costs3. Resource Requirements- How much time, how much money, and what resources are required to complete the project
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What is the first step in planning and scheduling a project?
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Developing the work breakdown structure. (Identifying and ordering the steps of the project)
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What does PERT stand for?
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Program Evaluation and Review Technique - techniques to plan, monitor, and control projects
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What is CPM?
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Critical Path Method
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What are the six steps of PERT/CPM?
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1. Define project and significant activities and tasks2. Develop relationships between activities to decide which activities precede others3. Draw network connecting all activities4. Assign time/cost estimates to activities5. Compute longest time path through network6. Use network to plan, schedule, and monitor project
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What is the critical path?
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The longest time path through the network.
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Projects cost _____ the longer they take.
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More
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T or F: some steps are part of the critical path while others are not.
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True (EX: in getting dressed, underwear is included whereas tie may not be!)
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What are critical activities?
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Activities that will delay the entire project if they are late.
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What are non-critical activities?
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Activities that can run late without delaying the entire project
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What does a node represent?
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The activity
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What represents the immediate predecessor of the activities?
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Arcs
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What does AON stand for?
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Activity on node - where the nodes represent activities.
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What does SME stand for, and when are they used?
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Subject matter experts - people you go to for time estimates
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What are the three time estimates in PERT?
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1. optimistic2. pessimistic3. most likely
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