Exam 6: Project Time and Cost Planning

Project schedule development determines the planned start and completion dates for each activity listed on the project charter.

Resource loading is the process of rescheduling on the project schedule activities that have available slack to achieve a more balanced distribution of resource usage.

The precedence diagram method (PDM) of constructing a project network diagram uses boxes to represent dependencies (nodes) and lines with arrows to represent the activities.

________ task dependencies are based on work performed by an entity outside the organization or business unit.

The activity resource estimating process consists of the following deliverables: activity resource requirements, resource calendars, and assigned resources.

The ________ process is concerned with determining the time required to complete the work associated with each work package on the WBS.

________ task dependencies are defined based on a preferred sequence of events.

CPM produces what key piece of information?

The critical path method, unlike the critical chain method, looks at more than just time and does not assume that you have unlimited resources to accomplish the activities on your project.

Work packages are the highest level or work on the WBS.

With the activity on arrow (AOA) diagramming technique, the lines with arrows represent the tasks, and the circles are the start and end points.

Which formula is used to calculate the PERT weighted average?

PERT uses a weighted average approach, or beta probability distribution, to capture the three-point estimates (optimistic, most likely, and pessimistic) for activity duration.

The key to estimating, regardless of the technique used, is to understand that your early attempts at estimating may not be very accurate, but if you continually evaluate the estimates against actual results on every project, you will begin to get better and better.

List and describe the three possible types of dependencies between any two activities.

The precedence diagram method (PDM) of constructing a project network diagram uses boxes to represent activities (nodes) and lines with arrows to represent the ________.

The three types of estimates in three-point estimating are "most likely", "optimistic", and "pessimistic".

CPM uses the sequence and duration of activities to determine the total project duration.

The two techniques of activity sequencing are the precedence diagram method and the activity on arrow diagramming method.

Describe the three project types of COCOMO.