The team’s comfort level with each individual member
What is trust
100
These risks emerge when a project contains unique technical elements or new and unproven technology
What are Technical Risks
100
A plan that identifies the allocated resources, the project’s goals, and the schedule that allows an organization to achieve those goals
What is a project budget
100
A sequence of activities defined by the project network logic
What is a path
200
Stage in which members get to know one another and lay the basis for project and team ground rules.
What is Forming Stage
200
These risks must be handled when a project is developed for a definite commercial intent since success in the marketplace is never guaranteed
What is commercial risk
200
Budgeting that requires the direct input from the organization’s top management about estimated project costs.
What is Top Down Budgeting
200
The path through the project network with the longest duration
What is the critical path
200
A network in which the arrow represents the activity
What is AOA (Arrow on Activity)
300
Stage in which group members work together to accomplish their tasks.
What is Performing Stage
300
This risk is a broad category relating to the unknowns associated with the project plan being carried out.
What is execution risk
300
Refers to situations where the repetition of activities often leads to reduction in the time necessary to complete the activity over time.
What is a Learning Curve
300
The amount of time an activity may be delayed from its early start without delaying the finish of the project; in general is the difference between the late start date and the early start date
What is float.
300
Used in AOA networks to indicate the existence of precedent relationships; they do not have any work or time values assigned to them
This form of risk is often consistent with projects in which strict terms and conditions are drawn up in advance.
What is contractual and legal risk
400
Estimates typically used when either information or time is scarce and often used as preliminary estimates for resource requirements or to determine if a competitive bid can be attempted for a project contract
What are ballpark estimates
400
An activity with two or more immediate successor activities (tasks flowing out from it) located by doing a backward pass through the network.
What is burst activity.
400
A graphic display of schedule-related information, typically in a bar chart with WBS listed down the left side, dates across the top
What is a Gantt Chart
500
The art of getting agreement with the other party while maintaining a principled, win-win attitude
What is Principled Negotiation
500
The financial exposure a firm opens itself to when developing a project
What is financial risk
500
Costs related to speeding up projects such as expanded use of overtime or hiring additional temporary workers
What are crashing costs
500
Calculation of late finish times (dates) for all uncompleted network activities determined by working backward through each activity
What is backward pass
500
A component of work performed during the course of a project.