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10 Cards in this Set
- Front
- Back
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What are the 3 main elements of Project Management? |
Planning - decide what to do Scheduling - decide when to do it it Controlling - ensure desired results are obtained |
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What is Resource Leveling? |
Resource Leveling is used to smooth peaks and valleys in the demand resources and spread the use more evenly over time. Advantages: decreases cost through a more efficient use of resources, reduces unnecessary overtime, and simplifies logistics. |
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What is the BOTTOM LINE for the project performance? |
The bottom line is the actual completion date and total costs. |
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What is Network Planning? |
Network Planning is a method used to plan, schedule, a control a project consisting of interrelated tasks directed toward a common goal. Ex. PERT, CPM, GANTT. PERT- PROGRAM EVALUATION AND REVIEW TECHNIQUE CPM - CRITICAL PATH METHOD GANTT charts |
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What does PERT AND CPM stand for? |
PERT- PROGRAM EVALUATION AND REVIEW TECHNIQUECPM - CRITICAL PATH METHODGANTT - Charts |
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What are common applications of Network Planning? |
PERT - PROGRAM EVALUATION and REVIEW TECHNIQUES CPM - CRITICAL PATH METHOD And Gantt Charts |
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What is CRITICAL PATH? |
Critical Path is the sequence of tasks which require the greatest expected time. |
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What is slack time, "S"? |
S slack time is the latest date an event can occur or be finished. |
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Difference between PERT and CPM? |
PERT is event oriented CPM IS Activity oriented |
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What does it mean to crash an activity? |
To crash an activity to increase in order to reduce duration. To apply more resources to complete a activity in a shorter time. Look for the lowest incremental cost to crash. |
