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Flashcards in Time Management Deck (16)
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Project Management Knowledge Areas

Scope management
Time management
Cost management
HR management
Risk management
Communication management
Procurement management

1

The aim of time management is to...

Ensure the timely completion of the project and its activities

2

Project network

A flow chart that graphically depicts the sequence, interdependencies, and start and finish times of the project job plan of activities that is the critical path through the network.

3

Benefits of a project network (6)

- basis for scheduling resources
- estimate for project duration
- basis for budgeting
- puts WBS on time continuum
- identifies activities that are critical, dependent, parallel
- schedule plan

4

AON

Activity on Node. precedence diagram method

5

Forward/backward pass

Used to determine the earliest times (forward) and latest times (backward)

6

Draw a legend for the AON network

ES ID EF
SL DESC
LS DUR LF

7

an activity that has two or more preceding activities on which it depends.

Merge activity

8

Activities that can occur independently and, if desired, not at the same time.

Parallel (concurrent) activity

9

an activity that has more than one activity immediately following it (more than one dependency arrow flowing from it).

Burst activity

10

Macro or top down estimating approach

Quick rough estimate done at the beginning of a project. Can be very inaccurate.

11

Micro or bottom up estimating approach

Provides an accurate estimate but is time consuming. Done in the planning stage, this approach includes 'rolling up the WBS'

12

What is a milestone?

The result of completing one or more activities.

13

What are lags?

The minimum amount of time a dependent activity can be delayed to begin or end.

14

Four types of lag relationships

Start to start
Finish to finish
Start to finish
Finish to start

15

Estimating techniques

Top down macro approach: quick rough estimate, done at the beginning of the project
Bottom-up micro approach: provides accurate estimate but is more costly and time consuming. Done in the planning stage.