Mid Om101 Quiz 1

Front 1

Identifying the specific activities that the project team members and stakeholders must perform to produce the project deliverables

Back 1

Activity definition

Front 2

Identifying and documenting the relationships between project activities

Back 2

Activity sequencing

Front 3

Estimating how many resources a project team should use to perform project activities

Back 3

Activity resource estimating

Front 4

Estimating the no. Of work periods that are needed to complete individual activities

Back 4

Activity duration estimating

Front 5

Analyzing activity sequences, activity resource estimates and activity duration estimates to create the project schedule

Back 5

Schedule development

Front 6

Controlling ang managing changes to the project schedule

Back 6

Schedule control

Front 7

After defining activities and determining their sequence, the next step in time management is

Back 7

Duration estimating

Front 8

Includes the actual amount of time worked on an activity plus elapsed time

Back 8

Duration

Front 9

No. Of workdays or work hours required to complete a task

Back 9

Effort

Front 10

Effort is equal to duration

Back 10

False

Front 11

People doing the work should help create estimates and an expert should review them

Back 11

True

Front 12

Uses results of the other time management processes to determine the start and end date of the project and it's activities

Back 12

Schedule development

Front 13

Ultimate goal of schedule development is to create a realistic project that provides a basis for monitoring project progress for the time dimension of the project

Back 13

True

Front 14

Important tolls of schedule devt

Back 14

Gantt chart

Pert analysis

Critical Path analysis

Critical chain scheduling

Front 15

Project network analysis technique used to predict total project duration

Back 15

CPM

Front 16

series of activities that determines the EARLIEST TIME by which the project can be completed

Back 16

Critical Path for a project

Front 17

The longest path through the network diagram and has the least amount of slack or float

Back 17

Critical Path

Front 18

Method of scheduling that takes limited resources into account when creating a project schedule and includes buffers to protect the project completion date

Back 18

Critical chain scheduling

Front 19

Assumes resources do not multitask because it often delays task completions and increases total durations

Back 19

Critical chain scheduling

Front 20

Determining what resources and quantities of them should be used

Back 20

Resource planning

Front 21

Developing an estimate of the costs and resources needed to complete a project

Back 21

Cost estimating

Front 22

Allocating the overall cost estimate to individual work items to establish a baseline for measuring performance

Back 22

Cost budgeting

Front 23

Controlling changes to the project budget

Back 23

Cost control

Front 24

Project cost control includes

Back 24

*monitoring cost performance

*Ensuring that only appropriate project changes are included

*Informing project stakeholders of authorized changes

Front 25

An important tool for cost control

Back 25

Earned value management

Front 26

Found by multiplying the estimated percent physical completion of work for each task by the planned cost for the task

Back 26

Earned value of work performed (value completed)

Front 27

Amount that should have been spent on the task thus far

Back 27

Earned value

Front 28

Coat variance (CV, overrun)

Back 28

BCWP-ACWP

Front 29

Schedule variance (SV, behind is negative)

Back 29

BCWP-BCWS

Front 30

Five levels for project portfolio management

Back 30

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