14. Schedule Management

Question 1

Meaning of:
PBS
WBS
CBS

Answer 1

PBS - product breakdown structure
WBS - Work breakdown structure
CBS - Cost breakdown structure

Question 2

What is the critical path

Answer 2

A sequence of activities through a precedence network from start to finish, whose sum of durations are the total duration of the project

Question 3

What is critical chain

Answer 3

A resource-based approach to scheduling, protecting critical chain activities

Question 4

List 3 benefits of re-estimating

Answer 4

1. Greater involvement of project team
2. Incorporate lessons learnt
3. Realisation of accepted risk