Lecture 3 Flashcards
1
Q
The project charter
A
high level statement of what is to be done and the boundaries of a project
2
Q
WBS
A
Work Breakdown Structure
- project divided into activities for cost estimation and scheduling
- should be complete and all activities only appear once
3
Q
PM tools
A
- calendars
- histograms
- Gantt bar charts
- Network analysis (critical path method or precedence diagrams)
4
Q
critical path
A
series of activities that have zero float
5
Q
activity float
A
a measure of an activities flexibility
6
Q
free float
A
float an individual activity can use up without effecting the early start of the next activity
7
Q
total float
A
the float shared with other activities in a group (arm)
8
Q
TF
A
Total Float = LF - ES - duration
9
Q
SF
A
Start Float = LS - ES
10
Q
FNF
A
Finish Float = LF - EF
11
Q
Shortcomings of PDM
A
- all goals based on estimates
- activity times generally include a large safety margin
- ‘student syndrome’
- ‘Parkinson’s Law’ may prevail
12
Q
‘Parkinsons Law’
A
an activity will expand to fill the time available
13
Q
‘student syndrome’
A
human nature for many means activities are left to the last possible minute
