Vocab
a graphical tool used for scheduling activities in a project plan.
Precedent Diagram Method
Activity Resource Requirements is an input to which of the following processe
Estimate Activity Durations
Your task is to set up a set of high-end servers in a data center. You are very familiar with the process since you have set up 6 other similar data centers for the organization. Which techique will you use for determining the project time line?
Analogous
A method of estimating project duration
or cost by aggregating the estimates of
the lower-level components of the Work
Breakdown Structure (WBS).
Bottom-Up Estimating
What is the term for an iterative planning technique in which the work to be accomplished in the near term is planned in detail, while the work in the future is planned at a higher level
Rolling Wave Planning
used to perform Schedule Network Analysis that considers task dependencies, limited resource availability, and buffers.
Critical Chain Method
Reserve Analysis involves
Incorporating time buffers into the activity duration estimates
Your team is reviewing the project activities and has started to estimate the duration of the work packages identified in the WBS. Some of these work packages and activities have significant uncertainty associated with them for which the team has created contingency buffers. The tool and technique that is used for this process is called:
Reserve analysis
Used to help plan, organize,
and manage resource pools
and develop resource
elements.
Project Management Software
The blueprints for the new construction projects have been completed and construction is ready to begin. While the organization was thinking about erecting a modular structure, they decided on a more traditional approach. The foundation will be poured and cured before the framing begins. This is an example of:
Mandatory dependency
a business planning and modeling technique used to yield various projections for some outcome based on selectively changing inputs
What-if Scenario Analysis
Reserve Analysis involves
ncorporating time buffers into the activity duration estimates
"You are managing a construction project. You are currently estimating the duration of a very critical activity. You have gathered the following information from the experts:
Best case scenario: Activity can take 3 days to complete.
Worst case scenario: Activity may take up to 12 days to complete.
Likely scenario: 6 days to complete such activities.
Using Three-Point Analysis, what is the expected time?
7 days
Uses information from similar projects to
establish a cost estimate based on the
data available.
Analogous Estimating
Jasmine is very excited as she will be having her own apartment soon. She is just waiting for the day when she will get possession of her new home. However, she cannot start interior work unless the builder hands over keys of home after completion of electricity work. What kind of logical relationship can be said between these two activities?
Finish-to-Start
a technique used in project management to shorten an already developed schedule.
Schedule Compression
Reserve Analysis is a technique for
Estimate Activity Durations
if you're building a house, you
would have several task sequences as follows:
Each task takes a different amount of time and
resources. It takes more time to build walls and
lay the roof than to install faucets and fixtures.
Critical Path Method
uses a statistical relationship between
historical data and other variables (e.g.,
square footage in construction) to
calculate an estimate for activity
parameters, such as cost, budget, and
duration.
Parametric Estimating
your organization wants to launch a soft drink in the market. You are working as a project manager for the project. It is one of the important activities to get ‘pass’ certificate from the government’s food and drinks safety department. It will be illegal to launch the soft drink without obtaining safety certificate from government. What type of dependency is identified in this activity?
Mandatory dependencies
a technique where activities that would have been performed sequentially using the original schedule are performed in
parallel.
Schedule Fast tracking
What is project management
the discipline of applying specific processes and principles to initiate, plan, execute and manage the way that new initiatives or changes are implemented within an organization.
Over-time.
Allocating additional resources to
specific activities. Hiring additional
resources.
schedule Crashing
used in management and information
systems applications for the
construction of an approximate
probability distribution representing the
outcome of future events, based on very
limited information.
Three-point estimates
Project schedule network diagram is an important output of which of the following processes?
Sequence activities