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20 Cards in this Set
- Front
- Back
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project
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series of related jobs usually directed toward some major output and requiring a significant period of time to perform
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project management
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defined as planning, directing, and controlling resources to meet the the technical, cost, and time of constraints of the project
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pure project
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self-contained team works full time on the project
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advantages of pure project
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1. manager has full authority
2. team reports to one boss 3. lines of comm. shortened 4. team pride is high |
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disadvantages of pure project
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1. duplication of resources
2. organized goals 3. falls behind in technology 4. worry about life after project |
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functional project
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housing the project with a functional division
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matrix project
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attempts to blend properties of functional and pure project structures. each project utilizes people from different functional areas
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project milestones
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specific events to be reached like production of prototype, completed testing, approval of pilot run
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work breakdown structures(WBS)
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defines the hierarchy of project tasks, subtasks, and work packages
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activities
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defined within the context of the work breakdown structure and are pieces of work that consume time
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gantt chart
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bar chart, showing both the amount of time involved and the sequence in which activities can be performed.
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critical path
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activities in a project is the sequences of activities that can be form the longest chain in terms of their time to complete.
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immediate predecessors
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activities that need to be completed immediately before an activity.....like A before B and C can start
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slack time
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leeway when an activity can start and finish
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4 points in time
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early start, early finish, late start, late finish
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early start schedule
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completes everything as fast as possible
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late start
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attempts to save money by starting things at their latest
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time-cost models
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models that attempt to develop a minimum cost schedule for an entire project and to control expenditure during the project
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5 steps in procedure for finding this point of time-cost trade off
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1. prepare CPM network diagram
2. determine the cost per unit of the time 3. compute critical path 4. shorten the critical path at the least cost 5. plot project direct, indirect, and total-cost and find the minimum-cost schedule |
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tracking gantt chart
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superimposes the current schedule onto a baseline so deviations are easily noticed.
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