MKG 345 1.1

Users apply ____ to projects where there is a single known time for each activity with no variance, while ____ applies to projects where time estimates are variable or uncertain.

1. Critical Path Method 2. Program Evaluation and Review Technique

The term ____ applies to the reduced direct labor requirement per unit of output due to the effects of learning, while the term ____ refers to the longer-term factors of production that systematically reduce production costs.

1. Learning curve 2. Experience curve

The ____ (in time) through a PERT network is the ____.

1. Longest path 2. Critical path

____ techniques are primarily applied to existing products and services, while ____ is the application of value principles during product or service design.

1. Value analysis 2. Value engineering

A/An ____ consists of activities or steps that can be performed at the same time during the main flow of work.

Concurrent processes

In a PERT network, a/an ____ is the earliest time a project can finish given the expected activity time.

Early finish

. In a PERT network, a/an ____ is the earliest point in time an activity can begin.

Early start

The _________________ chart is used for project managment - is relatively inexpensive to use and can convey a great deal of information

Gantt Chart

A/An ____ visually displays the tasks and times associated with a project and consists of a horizontal bar chart with activities listed vertically and times or dates displayed horizontally.

Gantt chart

In a PERT network, a/an ____ is the latest time an activity can finish without delaying the entire project.

Late finish

In a PERT network, the difference between the ____ and the ____ is slack.

Late finish and early finish

In a PERT network, a/an ____ is the latest point in time an activity can begin without delaying the entire project.

Late start

In a PERT network, the difference between the ____ and the ____ is slack.

Late start and early start

[A/An] ____ establishes the rate of improvement due to learning as producers realize direct-labor cost improvements as production volumes increase.

Learning Curve

____ is a tool that reduces processes to their component parts or activities and helps identify and then eliminate non-value-adding activities (waste) or delays within a process.

Process mapping

A/An ____ is a series of tasks that requires the completion of specific objectives within a certain time frame; has defined start and stop dates; consumes resources, particularly time, personnel, and budget; and operates with limited resources.

Project

____ is a technique used to examine the incremental changes in cost between quantities within a supplier's price quotation.

Quantity discount analysis

A ____ is one in which the set of steps or activities that make up the activity occur one after the other.

Sequential processes

The least challenging issue of project management to determine is_______________________ .

The most difficult is defining the activities that make up a project, the relationship among those activities, and the time and budget required for completing the activities.

When referring to learning improvement, the ____ represents a reduction in the cumulative average number of labor hours as production doubles from a previous level.

learning rate