Man3504 Test 3 Set 4

Front 1

Usually Large Undertakings
Lots of resources required
Consists of many smaller tasks that must be coordinated
Each one is unique
Multi-functional Teams
“Temporary”

Back 1

Project

Front 2

Goals of project management

Back 2

Complete on time (main goal)
Complete under budget

Front 3

Bias towards task completion,
Technical and administrative credibility,
Interpersonal and political sensitivity, and
Leadership ability

Back 3

project manager key skills

Front 4

is an approach to scheduling and controlling project activities.

Back 4

CPM (critical path method)

Front 5

is the sequence of activities that take the longest time and defines the total project completion time.
The “Bottleneck” of the Project

Back 5

critical path

Front 6

refers to reducing the total time to complete the project to meet a revised due date.

Back 6

crashing

Front 7

is the shortest possible time the activity can realistically be completed.

Back 7

crash time

Front 8

is the total additional cost associated with completing an activity in its crash time rather than in normal time.

Back 8

crash cost

Front 9

Note that the only way the project completion time can be reduced is by crashing activities on the critical path. When we do this, however, another path in the network might become critical, so this must be carefully watched. T/F

Back 9

True

Front 10

is another approach to project management.
PERT was developed to handle uncertainties in activity completion times.
In contrast, CPM assumes that activity times are constant (no uncertainty or probability distributions here).

Back 10

PERT Project evaluation and review technique)