Exam 5: Developing the Schedule

Throughout the performance of the project, some activities will take longer than their estimated duration, others will be done in less time than their estimated duration, and

At the beginning of every project, it is possible to estimate the durations for all activities with a high level of confidence regarding their accuracy.

The estimated duration for each activity must be the total elapsed time-

The project team can progressively elaborate the estimated durations as more information is known or becomes clear to allow for more accurate estimated durations.

Calculate the latest finish for Task B if its predecessor, Task A, finishes on day 3, its succeeding activity, Task E, has a latest start of day 7, and the duration of Task B is 2 days.

Project management is a proactive approach to controlling a project to ensure that the project objective is accomplished, even when things do not go according to plan.

Throughout a project, changes may occur that have an impact on the schedule.

One way to determine which activities make up the critical path is to find which ones have the least slack.

People sometimes perform to expectations, their effort will expand to fill the whole number of scheduled days allotted,

Padding estimates with the vision of becoming a hero when the activities are completed in less time than estimated is not a good practice.

The estimated activity resources will also be used later for estimating activity costs and determining the project budget.

A change in the estimated duration of any activity on that path will cause a corresponding change in the slack for that path.

The earliest start time for a specific activity must be _________ the latest of all the earliest finish times of all the activities leading directly into that specific activity.

The project control process must occur regularly throughout the project and include all of the following except

It is important to know what types of resources are available, in what quantities, and during what time periods to determine

Changes might be initiated by the customer or the project team, or they might be the result of an unanticipated occurrence.

As the project progresses, the actual finish times (AFs) of completed activities will determine

Changes requested early in the project always have less impact on schedule and budget than if they are requested later in the project.

It is a good practice to have the person who will be responsible for performing a specific activity estimate the duration that other resources would need to complete that activity.

If an organization or subcontractor has performed similar projects in the past and has kept records of how long specific activities actually took, these historical data