Part 2

Question 1

What is a project schedule?

Answer 1

a project schedule presents linked activities with planned dates, durations, milestones and resources.

Question 2

What are the steps of the schedule management process

Answer 2

1. Define activities
2. Estimate activity duration
3. sequence schedule
4. develop schedule
5. control schedule

Question 3

What is a project activity and its characteristic?

Answer 3

its a distinct, scheduled portion of work performed during the course of a project
Characteristic: clear start and end, controlled scope, tangible output, single person accountability, source WBS

Question 4

What is a PDM (Netzplantechnik)

Answer 4

Precedence Diagramming Method
Its a technique in which the scheduled activities are represented by nodes and are graphically linked by one or more logical relationships to show sequence in which the activities are performed

Question 5

Name the steps of a PDM

Answer 5

prepare a predecessor/successor activity list
Transfer activities into network-nodes
Make a forward/backward pass through constructed network
Identify critical path and total floats

Question 6

Describes the Parts of the Work Breakdown Structure

Answer 6

DEFINITION (tool used to divide project deliverables intro smaller pieces and framework for further planning, executing & control)
RELEVANCE (adds discipline and disability to project planning and is basis for planning schedule, resources, costs, quality and risk)
FORMATS (indented outline, organization chart, free format)
WORK PACKAGES (work activities defined, schedule formed, resources aligned, control features developed)
CONSTRUCTION (identify major deliverable - divide into smaller pieces - continue until deliverables the right size - review)

Question 7

Scope Planning

what is define scope?

Answer 7

define scope is the process of developing a detailed description of the projected product.

Question 8

What are the reasons to define a scope and how do we define one?

Answer 8

REASONS
All other planning based on project scope (which alternatives belong and which activities do not) Aid to prevent scope creep (don’t do more than expected)
How to define:
list deliverables and acceptance criteria, establish project boundaries, create scope definition – WBS

Question 9

SCHEDULE

What is a project schedule and what are the steps

Answer 9

project schedule presents linked activities with planned dates duration and milestones 
STEPS
Define Activities
Estimate Activity duration 
Sequence activities
develop schedule
control schedule

Question 10

Element of identifying potential resources

Answer 10

Work functions (job titles, responsabilities) Professional discipline 
Skill level (experience, performing rates)
Physical location (willingness to relocate)
Administrative units (costs and contract issues)

Question 11

BUDGET

How to budget a project?

Answer 11

Through cost management plan and cost estimation:
cost management plan (how we plan, structure & control costs) provide detail info., feedback linking project to business objectives, helps stakeholders to focus schedule, performance and cost

Question 12

Level of Cost Estimates

Answer 12

high level (when precise project detail available)
mid level (moderate project detail)
low level (limited project detail)

Question 13

Types of Costs

Answer 13

Fixed vs variable
direct vs indirect (associated with specific project?)
recurring vs nonrecurring
regular vs expedited
estimate vs reserve
(add reserve to cover activities running over estimates)

Question 14

RISKS

What is the plan risk management and what are its tasks?

Answer 14

the process of defining how to conduct risk management activities for a project.
TASKS
understand - identify - analyze & plan risk responses

Question 15

What is risk?

Answer 15

an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives.
– reduce impact of threat and capitalise opportunities

Question 16

Methods to identify risk?

Answer 16

identify risks- process of determining which risks might affect the project and documenting characteristics:
Methods
brainstorming, SWOT, Delphi technique, structure review, WBS

Question 17

QUALITY

Content of the Quality Management Plan

Answer 17

overall quality objectives, key project deliverables and standard to evaluate, deliverable completeness and correctness criteria from customer viewpoint, quality control activities, critical project work processes and standard to review, quality assurance activities, quality roles and responsibilities, quality tool (charter, stakeholder analysis, communication management plan, project risk review, control chart