Exam 5: Scheduling the Project

A Term not used in the discussion of PERT/CPM analysis is

Why is it necessary for the project manager (PM) to be aware and to manage the slack in the project?

What are the four methods of linking steps in a project using precedence diagramming?

The movement from left to right through the network beginning with the start node that calculates the LS and LF for each activity is known as "FORWARD PASS"

An event is a series of connected activities.

Miros Inc., a recording studio, displays its recording process by using a network of nodes and arrows. The nodes are used to depict the activities involved in recording a song, such as setting up the instruments, and the arrows are used to depict the order of precedence of the activities. Which of the following project networks is Miros using in the given scenario?

Technical dependencies are often harder to see on a Gantt chart than on a PERT/CPM network.

The shortest time to complete a network is equal to the duration of the longest path through the network.

The amount of time a noncritical task can be delayed without delaying the project is called?

What is activity slack?

If task duration estimates are carefully made, the project manager needs to only examine the critical path when conducting a risk analysis.

Contrast total slack and free slack.

When it was originally developed, PERT used certain (deterministic) methods to estimate activity duration.

What assumptions are made about the probabilities of the optimistic and pessimistic times in the standard formula for calculating the variance of a particular activity? Explain how the formula can be modified to accommodate different assumptions.

The formula for the expected time of an activity in a network assumes that the optimistic, pessimistic, and most likely time estimates have a Beta distribution.

Networks are usually drawn with a "Start" node to the right and a "Finish" node to the left.

Rico Gen, a sports apparel manufacturing company, maintains a target of increasing its sales by 20 percent per month to achieve its goal of expanding its business in the international market. In the context of the language of the Program Evaluation and Review Technique (PERT) and the Critical Path Method (CPM), the monthly targets achieved by Rico Gen are known as _____.

AON and AOA networks can both be used to depict any project network.

A diagram of nodes connected by directional arcs that defines the project and illustrates the technical of all activities is referred to as a network.

Ben is part of a new project in his company. He is asked to complete a task within two days, but he is only able to finish it in three days. Since the task assigned to him is noncritical in nature, the extra day taken by Ben does not cause a delay in the project. In this scenario, the additional day taken by Ben is known as _____.