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24 Cards in this Set
- Front
- Back
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ROM |
Rough Order of Magnitude Done when little is knows about project specifics, gives a large range, done in Initiating process |
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CV |
Cost Variance EV - AC |
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ETC |
Estimate to complete EAC - AC BAC - EV |
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TCPI |
To-complete performance index (BAC - EV) / (BAC - AC) |
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EAC |
Estimate at completion BAC / CPI AC + (BAC - EV) AC + (BAC - EV) / (CPI * SPI) |
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Beta Distribution |
Uses weighted averages to compute activity durations |
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Crashing |
Technique used to shorten the schedule duration for the least incremental cost by adding resources |
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Network diagram |
Graphical representation of logical relationships among project schedule activities Shows dependencies |
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Precedence Diagramming |
Method of constructing network diagram using boxes, or nodes, to represent activities and connects them with arrows Also called activity on node (AON) method |
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Heuristic |
Generally accepted rule |
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Standard deviation |
(Pessimistic - optimistic) / 6 |
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Resource histogram |
Bar chart showing amount of time that a resource is scheduled to work over a series of time periods |
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Matrix organization |
Any organizational structure in which the project manager shares responsibility with the functional managers for assigning priorities and for directing the work of persons assigned to the project |
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Gantt chart |
Bar chart of schedule information where activities are listed on the vertical axis, dates are shown on the horizontal axis, and activity durations are shown as horizontal bars placed according to start and finish dates |
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Pareto Diagram |
Contains both bars and lines Left vertical axis is frequency of occurrence or cost Right vertical axis is cumulative percentage of the total number of occurrences or total cost Purpose is to highlight the most important among a set of factors |
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Monte Carlo Analysis |
Computer mode is iterated many times, with input values chosen at random for each iteration driven by input data, including probability distributions and probabilistic branches. Outputs are generated to represent the range of possible outcomes for a project |
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EVA |
Earned value analysis |
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SV |
Schedule variance EV - PV |
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SPI |
Schedule performance index EV / PV |
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CPI |
Cost performance index EV / AC |
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VAC |
Variance at completion BAC - EAC |
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Resource leveling |
Adjustments are made to the project schedule to optimize the allocation of resources May affect critical path |
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Resource smoothing |
Free and total float are used without affecting the critical path |
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CPM |
Critical Path Method Method used to estimate minimum project duration and determine the amount of schedule flexibility on the logical network paths within the schedule model |
