Vocab and Formulas Flashcards
(26 cards)
Present Value Formula
PV = FV/(1+i)^t
Total Float
Total Float = Late Finish - Early Finish
Free Float
= Early start of Successor - EF of activity
PERT
PERT = (P+4ML+O)/6
Schedule Standard Dev
STD = (P-O)/6
Variance
Variance = Standard deviation ^2
Cost Variance and Performance Index
CV= EV-AC and CPI=EV/AC
Schedule Variance and Performance Index
SV=EV-PV and SPI=EV/PV
Estimate at Completion
EAC=BAC/CPI
Estimate to Complete
ETC=EAC-AC
Variance at Completion
VAC=BAC-EAC
Number of channels
Channels = n(n-1)/2
Point of Total Assumption
PTA=target cost + (ceiling price - target price)/buyer ratio
Famous for Critical Chain Method
Goldratt
Work expands so as to fill the time available for its completion
Parkinson’ Theory
Quality defined as fitness for use
Juran
Quality defined as conformance to requirements. Famous for ideas such as Quality is free and zero defects is achievable
Crosby
Total Quality Management (TQM)
Deming
Plan-Do-Check-ACT Cycle
Shewhart and Deming
Famous for 5 stages of team development
Tuckman
Hierarchy of needs
Maslow
Theory x-management has negative view of workers and Theory Y-management has positive view
McGregor
Theory Z-increased employee loyalty by providing a job for life, etc
Ouchi
Acquired Needs Theory-Need for Achievement, Need for Power and Need for Affiliation
mcClelland
