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Project Man Chapter 6 Vocab

Terms in this set (28)

activity attributes
similar to a WBS dictionary because they describe the detailed characteristics of each activity.
contingency reserve
budget within the cost baseline or performance measurement baseline that is allocated for identified risks that are accepted and for which contingent or mitigating responses are developed
crashing
using alternative strategies for completing project activities.
critical path
the path with the longest duration within a project. It is sometimes defined as the path with the least float. A delay of task on the critical path will delay the completion of the project.
fast tracking
overlapping or performing in parallel project activities that would normally be done sequentially. Fast tracking may increase rework and project risk.
float
the amount of time that a schedule activity can be delayed without delaying the end of a project.
free float
the amount of time that a schedule activity can be delayed without delaying the early start date of any successor or violating a schedule constraint.
grade
a category to differentiate items with the same functional use but not the same characteristics
hammock
summary activities used in a high level project network diagram
lag
the amount of time a successor's start or finish is delayed from the predecessor's start or finish.
lead
the amount of time a successor's start or finish can occur before the predecessor's start or finish.
level of effort
an activity that does not produce definite end products and is measured by the passage of time
logical relationship
there are four logical relationships between a predecessor and a successor: finish to start, start to finish, finish to finish, start to start
milestone
a significant point or event in a project, program or portfolio
predecessor
the activity that must happen first when defining dependencies between activities in a network
project network schedule calculations
there are three types of project network schedule calculations: forward pass, backward pass, and a float.
quality
the degree to which a set of inherent characteristics satisfies the stated or implied needs of the customer. To measure quality successfully, it is necessary to turn implied needs into stated needs via project scope management.
resource calendar
a calendar that documents the time periods in which project team members can work on a project
resource optimization techniques
techniques that are used to adjust the start and finish dates of activities that adjust planned resource use to be equal to or less than resource availability
resource leveling
a technique in which start and finish dates are adjusted based on resource constraints with the goal of balancing demand for resources with the available supply
schedule activity
an element of work performed during the course of a project.
scheduling charts
there are four types of scheduling charts: the Gantt chart, the milestone chart, the network diagram, and the time scaled network diagram.
standard deviation
the measurement of the variability of the quantity measured, such as time or cost, from the average.
statistical terms
the primary statistical terms are the project mean, variance, and standard deviation
successor
the activity that happens second or subsequently
triangular distribution
takes the average of three estimated durations: optomistic, most likely and pessimistic value
weighted three point estimates
the program evaluation and review technique (PERT)
what if scenario analysis
the process of evaluation scenarios to predict their effect on project objectives
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