A
Three-point estimation technique to visualize a project’s expected timeline and identify complicated or risky tasks
What is beta probability distribution?
This chart is used for the representation of a project in which the activities are represented by horizontal segments, of which the length is proportional to the time necessary to conclude the task in question.
What is a bar chart?
The longest path (in time) from Start to Finish; it indicates the minimum time necessary to complete the entire project.
What is the critical path?
The amount of time that a task can be delayed without delaying any successor tasks or the amount of time that a task can be delayed without delaying the entire project's finish date.
What is free slack?
The total span of active working time expected for a task, that is, the amount of time from the expected start to expected finish of a task.
What is expected duration?
A symmetric distribution where most of the observations cluster around the central peak and the probabilities for values further away from the mean taper off equally in both directions.
What is normal probability distribution?
The latest possible date and time by which a project segment can be completed without negatively impacting the completion date for an entire project.
What is latest finish time?
The latest point in the schedule at which a task can start without causing a delay.
What is latest start time (LS)?
In a network diagram, the most time-consuming path of activities or the path of activities that has the lowest value for total slack
What is the most critical path?
In a network diagram, any path of activities with positive total slack
What is a noncritical path?
The time interval at which actual performance will be compared to planned performance
What is a reporting period?
A listing of a project's milestones, activities, and deliverables, usually with intended start and finish dates.
What is a schedule?
A measure that is used to quantify the amount of variation or dispersion in a set of data values; expressed as a quantity defining how much the members of a group differ from the mean value for the group
What is standard deviation?
A schedule, technical, or cost deviation from the project plan
What is a variance?
The amount of time that a task in a project network can be delayed without causing a delay to: subsequent tasks
What is total slack (TS)?
ES + Estimated Duration
What is earliest finish time (EF)?
LF - Estimated Duration
What is latest start time?
The difference between EF time of last activity and the project required completion time
What is total slack or float?
A lack of slack over the entire project and the amount of time an activity must be accelerated to complete the project by the required completion time
What is negative slack?
The maximum amount of time the activities on a particular path can be delayed without jeopardizing on-time completion of the project
What is positive slack?
A bar chart tool for planning and scheduling
What is a Gantt chart?
An approach to reduce product development time while minimizing risk through continuous interaction between the customer and small self-organizing teams that produce increments of working product features in short time iterations while rapidly adapting to changes in requirements
What is agile project management?
For each activity, the total elapsed time for the work to be done plus any associated waiting time
What is activity estimated duration?
LF - EF or LS - ES
What is slack?
This is calculated by subtracting the activity’s estimated duration from the activity’s latest finish time
what is latest start time (LS)?