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23 Cards in this Set
- Front
- Back
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Projects
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Unique, one-time operations designed to accomplish a specific set of objectives in a limited time frame.
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Project champion
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A person who promotes and supports a project.
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Work breakdown structure (WBS)
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A hierarchical listing of what must be done during a project.
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PERT
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Program evaluation and review technique, for planning and coordinating large projects.
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CPM
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Critical path method, for planning and coordinating large projects.
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Network (precedence) diagram
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Diagram of project activities that shows sequential relationships by use of arrows and nodes.
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Activity-on-arrow (AOA)
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Network diagram convention in which arrows designate activities.
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Activity-on-node (AON)
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Network diagram convention in which nodes designate activities.
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Activities
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Project steps that consume resources and/or time.
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Events
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The starting and finishing of activities, designated by nodes in the AOA convention.
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Path
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A sequence of activities that leads from the starting node to the finishing node.
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Critical path
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The longest path; determines expected project duration.
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Critical activities
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Activities on the critical path.
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Slack
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Allowable slippage for a path; the difference between the length of a path and the length of the critical path.
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Deterministic
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Time estimates that are fairly certain
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Probabilistic
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Estimates of times that allow for variation.
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Optimistic time
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The length of time required under optimal conditions.
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Pessimistic time
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The length of time required under the worst conditions.
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Most likely time
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The most probable length of time that will be required.
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Beta distribution
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Used to describe the inherent variability in activity time estimates.
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Independence
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Assumption that path duration times are independent of each other; requiring that activity times be independent, and that each activity is on only one path.
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Crash
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Shortening activity durations.
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Virtual project teams
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Some or all of the team members are geographically separated.
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