Project Time Management

Question 1

What is the schedule management plan

Answer 1

It identifies a scheduling method and scheduling tool, and sets the format and establishes criteria for developing and controlling the project schedule

Question 2

What is plan schedule management

Answer 2

Process of establishing the policies, procedures, and documentation for planning, developing, managing, executing, and controlling the project schedule

Question 3

Plan schedule management key benefit

Answer 3

Provides guidance and direction on how the project schedule will be managed throughout the project

Question 4

Plan schedule management inputs

Answer 4

Project management plan
Project charter
Enterprise environmental factors
Organizational process assets

Question 5

Plan schedule management tools and techniques

Answer 5

Expert judgment
Analytical techniques
Meetings

Question 6

Plan schedule management output

Answer 6

Schedule management plan

Question 7

What is the define activities process

Answer 7

The process of identifying and documenting the specific actions to be performed to produce the project deliverables

Question 8

Key benefit of define activities

Answer 8

To break down work packages into activities that provide a basis for estimating, scheduling, executing, monitoring, and controlling the project work

Question 9

Define activities inputs

Answer 9

Schedule management plan
Scope baseline
Enterprise environmental factors
Organizational process assets

Question 10

Define activities tools and techniques

Answer 10

Decomposition
Rolling waves planning
Expert judgment

Question 11

Define activities outputs

Answer 11

Activity list
Activity attributes
Milestone list

Question 12

What is an activity list

Answer 12

A comprehensive list includes all schedule activities required on the project

Question 13

What are activity attributes

Answer 13

They extend the description of the activity by identifying the multiple components associated with each activity. They include the activity ID, WBS ID, and activity label or name

Question 14

What is the sequence activities process

Answer 14

Process of identifying and documenting relationships among the project activities

Question 15

Sequence activities key benefit

Answer 15

Defines the logical sequence of work to obtain the greatest efficiency given all project constraints

Question 16

Sequence activities inputs

Answer 16

Schedule management plan
Activity list
Activity attributes
Milestone list
Project scope statement
Enterprise environmental factors
Organizational process assets

Question 17

Sequence activities tools and techniques

Answer 17

Precedence diagramming method
Dependency determination
Leads and lags

Question 18

Sequence activities outputs

Answer 18

Project schedule network diagrams

Project document updates

Question 19

What is precedence diagramming method (PDM)?

Answer 19

A technique used for constructing a schedule model in which activities are represented by nodes and are graphically linked by one or more logical relationships to show the sequence in which the activities are to be performed

Question 20

What types of dependency are there

Answer 20

Mandatory are those that are legally are contractually required or inherent in the nature of the work
Discretionary are sometimes referred to as preferred logic, preferential logic, or soft logic. They are established based on knowledge of best practices within a particular application area for some unusual aspect of the project where specific sequences desired
External involve a relationship between project activities and non-project activities and are usually outside the project teams control
Internal dependencies involve a precedence relationship between project activities and are generally inside the project team control

Question 21

What is a lead

Answer 21

The amount of time whereby a successor activity can be advance with respect to a predecessor activity

Question 22

What is a lag

Answer 22

The amount of time where by successor activity will be delayed with respect to a predecessor activity

Question 23

What is the estimate activity resources process

Answer 23

Process of estimating the type and quantities of material, human resources, equipment, or supplies required to perform each activity

Question 24

Estimate activity resources key benefit

Answer 24

Identifies the type, quantity, and characteristics of resources required to complete the activity which allows more accurate cost and duration estimates

Question 25

Estimate activity resources inputs

Answer 25

``` Schedule management plan Activity list Activity attributes Resource calendars Risk register Activity cost estimates Enterprise environmental factors Organizational process assets ```

Question 26

Estimate activity resources tools and techniques

Answer 26

``` Expert judgment Alternative analysis Published estimating data Bottom up estimating Project management software ```

Question 27

Estimate activity resources outputs

Answer 27

Activity resource requirements resource breakdown structure | Project documents updates

Question 28

What is the estimate activity durations process

Answer 28

The process of estimating the number of work periods needed to complete individual activities with estimated resources

Question 29

Estimate activity durations key benefit

Answer 29

Provides the amount of time each activity will take to complete, which is a major input to the develop schedule process

Question 30

Estimate activity durations inputs

Answer 30

``` Schedule management plan Activity list Activity attributes Activity resource requirements Resource calendars Project scope statement Risk register Resource breakdown structure Enterprise environmental factors Organizational process assets ```

Question 31

Estimate activity durations tools and techniques

Answer 31

``` Expert judgment Analogous estimating Parametric estimating Three point estimating Group decision-making techniques Reserve analysis ```

Question 32

Estimate activity durations outputs

Answer 32

Activity duration estimates | Project documents updates

Question 33

What is analogous estimating

Answer 33

A technique for estimating the duration or cost of an activity or project using historical data from a similar activity or project. Uses historical parameter data to estimate the same parameter for a future project

Question 34

What is parametric estimating

Answer 34

And estimating technique in which an algorithm is used to calculate cost or duration based on historical data and project parameters

Question 35

What is three point estimating or PERT

Answer 35

This technique uses three estimates to define an approximate range for an activities duration.

Question 36

What are contingency reserves

Answer 36

Estimated duration within the schedule baseline that is allotted for identified risks also known as known unknowns

Question 37

What are management reserves

Answer 37

A specified amount of the project ration withheld for management control purposes and reserved for unforeseen work that is within scope of the project. It addresses unknown unknowns

Question 38

What is the develop schedule process

Answer 38

The process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule model

Question 39

Develop schedule key benefit

Answer 39

By entering schedule activities, durations, resources, resource availability's, and logical relationships into the scheduling tool, it generates a schedule model with plan dates for completing project activities

Question 40

Develop schedule inputs (13)

Answer 40

``` Schedule management plan Activity list Activity attributes Project schedule network diagrams Activity resource requirements Resource calendars Activity duration estimates Project scope statement Risk register Project staff assignments Resource breakdown structure Enterprise environmental factors Organizational process assets ```

Question 41

Develop schedule tools and techniques

Answer 41

``` Schedule network analysis Critical path method Critical chain method Resource optimization techniques Modeling techniques Leads and legs Schedule compression Scheduling tool ```

Question 42

Develop schedule outputs

Answer 42

``` Schedule baseline Project schedule Schedule data Project calendars Project management plan updates Project documents updates ```

Question 43

What is the critical path method

Answer 43

A method used to estimate the middle project ration and determine the amount of scheduling flexibility on the logical network paths within a schedule model

Question 44

What is the critical chain method

Answer 44

Schedule method that allows the project team to place buffers on any project schedule path to account for limited resources and project uncertainties. Essentially a resource constrained critical path is known as a critical chain

Question 45

What is resource smoothing

Answer 45

A technique that adjust the activities of a schedule model such that requirements for resources on the project or not exceed certain predefined limits however this technique does not change the project critical path or completion date

Question 46

What is what if scenario analysis

Answer 46

The process of evaluating scenarios in order to predict their effect, positively or negatively, on project objectives

Question 47

What is simulation

Answer 47

It involves calculating multiple project duration is with different sense of activity assumptions, usually using probability distributions constructed from the three-point estimate model to account for uncertainty. A common technique is Monte Carlo analysis

Question 48

What is crashing

Answer 48

A technique used to shorten the schedule duration for the least incremental cost by adding resources. It does not always produce a viable alternative and may increase risk or cost

Question 49

What is fast tracking

Answer 49

Schedule compression technique in which activities are phases normally done and sequins are performed in parallel for at least a portion of their duration. It may result in rework and increased risks

Question 50

What is a schedule baseline

Answer 50

They approve version of a schedule model they can be changed on later formal change control.

Question 51

What is control schedule process

Answer 51

Process of monitoring the status of project activities to update project progress and manage changes to the schedule baseline to achieve the plan

Question 52

Control schedule key benefit

Answer 52

Provides the means to recognize deviation from the plan and take corrective and preventive actions and thus minimize risk

Question 53

Control schedule inputs

Answer 53

``` Project management plan Project schedule Work performance data Project calendars Schedule data Organizational process assets ```

Question 54

Control schedule tools and techniques

Answer 54

``` Performance reviews Project management software Resource optimization techniques Modeling techniques Leads and lags Schedule compression Scheduling tool ```

Question 55

Control schedule outputs

Answer 55

``` Work performance information Schedule forecasts Change request Project management plan updates Project documents updates Organizational process assets updates ```

Question 56

Project time management processes

Answer 56

``` Plan schedule management Define activities Sequence activities Estimate activity resources Estimate activity durations Develop schedule Control schedule ```