Exam 5: Scheduling the Project

With scum, a prerequisite to being able to realistically determine the amount of work that can be completed in a sprint is having accurate estimates for the amount of effort required to complete each requirement.

What is the standard deviation of a task with optimistic, most likely, and pessimistic times of 3, 4, and 7 days respectively assuming the estimates were made at the 99% plus level?

A big advantage of AON networks is that they are easier to draw.

Milestones are not depended upon the predecessor activities in the project plan.

The actual project duration will be known with certainty after the project is completed.

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.

The critical path always has the largest variance.

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.

A task or set of tasks required by the project.

Which type of precedence diagramming convention is the following: Activity 7 must be complete at least 1 day before Activity 8 is completed.

What is a Gantt chart?

Minkset Blu, a textile company, wants to improve its sales over a span of four years. In the first year, the company installs new looming machines that improve the production cost. However, it takes two years for the company to establish a liaison with online retailers to improve the accessibility of its products. This delays the company's goal of improving sales by a year. In the context of the language of the Program Evaluation and Review Technique (PERT) and the Critical Path Method (CPM), the set of activities that cause the delay are part of _____.

A start-to-finish linkage is the most common way of linking to successive task.

A situation where two or more activities have the same starting and finishing nodes or where a single activity connects to two or more nodes is called a milestone.

The difference between the LST and EST is called free slack.

Henry Gantt developed the Gantt chart.

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 _____.

Paul, the marketing manager of a food company, created a diagram of nodes to represent the marketing process for a new product of the company. Each node represented an activity in the marketing process, and an arc joined each node. He used this diagram to demonstrate the objectives of the marketing process. In the context of the language of the Program Evaluation and Review Technique (PERT) and the Critical Path Method (CPM), the diagram used by Paul is known as a _____.

Identifiable and noteworthy events marking significant progress on the project.

Agile velocity is not impacted by the team size.