Exam 6: The Work Breakdown Structure and Project Estimation

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An activity being analyzed under PERT was judged to most likely have a duration of 40 days.When considering the time it would take to complete the activity if every relevant factor went well, it was estimated to be able to be doable in 20 days and even under the worst case imaginable, the task would be take 50 days.The estimates PERT duration of that activity is:

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Installing the operating system on a computer before loading any application packages is an example of:

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How does the work breakdown structure (WBS) link the project's scope to the schedule and budget?

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Why do many people inflate their estimates?

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The critical path has zero slack (or float)

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The amount of time an activity can be delayed before affecting the project deadline is _____

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Define predecessor, successor, and parallel activities.Give a real world example of each.

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An over allocated resource would arise when Mary is assigned to work on two tasks scheduled at the same time.

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Parallel activities can shorten the project schedule, but can have an impact on project resources if a resource is assigned to two tasks at the same time.

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Identifying the critical path is important because any change in the duration of the activities or tasks on the critical path will affect the project's schedule.

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Starting the next task before the first task is complete is _____

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Completing activities in parallel is called_____

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Costs incurred prior to the current project are _____

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Describe the steps necessary for estimating the cost of a particular activity or task that has an estimated duration.

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Scheduling other projects so that resources may be shared is_____

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Funds allocated for unexpected expenses are _____

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Rent, utilities, insurance and administrative costs are examples of:

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Define the following and give a real world example of each (other than the ones described in this book): Finish-to-Start; Start-to-Start; Finish-to-Finish; Start-to-Finish.

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Sunk costs include such things as rent, utilities, insurance, and other administrative costs.

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The critical path is the shortest path in the project network and also is the longest time in which the project can be completed.

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