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10 Cards in this Set
- Front
- Back
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Project Categories |
Conventional (low-tech): repetitive and tested Innovative (high-tech): unique and flexible |
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Success |
1. Cost: expenses exceed budget? 2. Time: on schedule? 3. Quality: deliver what was promised |
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Project Management Triangle |
Schedule Cost Scope (quality should not be variable) |
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Work Breakdown Structure |
Hierarchical breakdown of what is to be accomplished during the project. It facilitates the planning, budgeting, scheduling, and control for the project manager. |
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Project Scheduling Terminology |
1. Activity and Task: consumes time and resources 2. Event (nobody does an event): a point in time that represents the start of completion of one or more activities 3. Milestone (point in time): an event of major significance |
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Critical Path Method |
1. Describe the Project: list of activities based on immediate predecessor 2. Develop a Network Model: start and end have no work, rather it is a milestone 3. Estimate Activity Duration's: point estimates of expected values 4. Determine the Critical Path and Slacks: Slack = Latest Start/Finish - Earliest Start/Finish |
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Strengths and Weaknesses |
Strengths: -Allocate resources - Completion and slack time known Weaknesses: - Only one completion date - No indication of risk |
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Best applied for projects that... (CPM) |
Are repetitive Have reliable time estimates Have fixed and feasible completion dates |
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PERT Strengths and Weaknesses |
Strengths: - estimate chance of being completed Weaknesses: - response data - use of statistics - independence of duration of different activities - completion time probability only considers longest path |
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Crashing Risks... |
Quality of the work Safety of the employee Employee relations |
