Exam 5: Scheduling the Project

Before this can be achieved or realized, all its predecessor activities must be completed.

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

Formula for the expected completion time of an activity.

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

"Merger" is a term used to describe the situation in which two or more paths in a network join together.

A Gantt chart cannot depict a critical path, only a PERT/CPM chart can.

An activity using slack does not impact any other activity.

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

High velocity is a goal of Agile scheduling.

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

An approximation of the variance for an activity.

The amount of time an activity can be delayed without affecting the start time of any successor activity is known as free slack.

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 dummy task.

All project-related statistical calculations are performed using the normal distribution.

An event is a series of connected activities.

The cost to complete an activity is always known in advance.

Explain why the term critical path has less meaning in cases where the activity times are not known with certainty.

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

Float refers to the amount of time a noncritical task can be delayed without causing a delay in the entire project.

Which type of following precedence diagramming convention is the most common?