Flashcards: PMP
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Created by:
consultantkinda on September 27, 2008
Subjects:
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Terms | Definitions |
|---|---|
 Critical path method | What do you use to calculate the early start of an activity? |
| It is the longest path in a network diagram | What is the critical path? |
| FALSE | True or False the Critical path contains, slack, float and or total float? |
| FALSE | True or False there can only be one critical path? |
| FALSE | True or False, Multiple critical paths decreases project risk |
| Mandatory | What type of dependency use hard logic, i.e. pour the foundation before buidling the walls |
| Soft logic or preferred i.e. paint the wall before replacing the carpet | Discretionary Dependency |
| Based on the external needs of suppliers, Vendors, gov't agencies | External Dependancy |
| adjusting estimates according to known risks | What is the risk register used for during activity estimating? |
| To understand the project assumptions and constraints | During schedule development what should you use the scope statement to do? |
| The Critical Path method | What estimating method do you use to calculate the early start of an activity? |
| Duration | What type of tool is Analoguous estimating? |
| Based on estimate from a similar activity in the past | Analagous Estimating |
| Calculating the duration based on the typical length of time something takes. | Parametric Estimating |
| The weighted average of Most Likely, Optimistic, Pessimistic (PERT) | Three Point Estimates |
| (P+4M+O)/6 | PERT |
| Building in Extra Time (reserve time) in response to known risks | Reserve Analysis |
| Graphical Evaluation and Review Technique allows for probalistic determination of estimates and looping and conditional branching | GERT |
| Adding more resources to the critical path | Schedule Crashing |
| FALSE | True or False crashing the schedule decrease the cost |
| Doing tasks in parallel | Fast Tracking |
| TRUE | True or False, fast tracking a project will likely increase the risk |
| Focuses on managing the limited resources and each activity on the critical path which results in a resources limited schedule | Critical Chain Method |
| Critical chain method | Which schedule development method results in a resource limited schedule? |
| Calculates the Early Start (ES) and Early Finish and LS/LF for each activity using the forward backward pass. The total float is the measure of the schedule flexibility on any path | Critical Path Method |
| Critical path method | Which schedule development method calculates the ES/EF and LS/LF for each activity? |
| Analysis Computer Simulation for estimating possible schedules | Monte Carlo Analysis |
| Occurs when the the LS or LF is smaller than the ES or EF and acts as an early warning sign that the project might not finish on time | Negative Slack |
| Original end date was unrealistic, tasks on critical path slipped, incorrect skills, resources not available on time | What might cause for negative slack? |
| Schedule Management Plan, Schedule Baseline, Performace reports showing SPI and SV | What are schedule control inputs? |
| Updates to the baseline, OPA, activity lists, PMP, schedule model data, Performance Measurements reported to stakholders (EV Reports) | What are the outputs of schedule Control? |
| Actually calculating SPI and SV | Performance Measurement |
| The ACT of reporting SPI, SV %complete etc. | Progress Reporting |
| A part of the the ICC Process | Schedule change control system |
| Calculating the SV | Variance Analysis |