Project management

formula for early finish?

early start + duration

what stage is resource allocation in?

planning

what is a sequence of activities defined by a project network?

a path

AON VS AOA

activities on arrow (or arc)/activities on node

what does a resource loading chart tell you?

amount of resources required as a function of time

what is a constraint?

anything that prevents the project from being done on time: time, resources, or mixed

what is the first item to be completed in the implementation stage?

approval

definition of gantt chart

chart showing the amount of work done or production completed in a project

effective comparative estimates rely on what?

comparability between old and new costs

What is typically a non recurring cost?

cost not likely to occur again

what are unplanned costs?

costs not considered in the budget

a projects duration can be reduced by what?

crashing

process of accelerating a project is called?

crashing

what techniques are used to accelerate a project?

improving productivity changing work methods increasing quantity of resources.

formula for slack?

late start-early start

what is an activity with 2 or more predecessors?

merge activity

definition of order of magnitude cost

step in project prep to determine cost range of the project

reason for crashing?

to accelerate a project by improving productivity, changing work methods or increasing quantity of resources.

what is work waiting to be completed called?

work in process