Chapter 2 Project Management

Question 1

Project management

Answer 1

A systemized, phased approach to defining, organizing, planning, monitoring, and controlling projects

Question 2

Program

Answer 2

An interdependent set of projects that have a common strategic purpose

Question 3

Activity

Answer 3

The smallest unit of work effort consuming both time and resources that the project manager can schedule and control

Question 4

WBS work breakdown structure

Answer 4

A statement of all work that has to be completed

Question 5

Network diagram

Answer 5

A network planning method designed to depict the relationships between activities that consists of nodes and arcs

Question 6

Critical path method

Answer 6

A network planning method to optimize the critical path to reduce total project time

Question 7

Precedence relationship

Answer 7

A relationship that determines a sequence for undertaking activities

Question 8

Project

Answer 8

Interrelated set of activities with a definite starting and ending point, which results in a unique outcome for a specific allocation of resources