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5 - Projects
Chapter 5
14
Management
Undergraduate 3
05/03/2014

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Cards

Term
Critical Path
Definition
The sequence of activities in a project that forms the longest chain in terms of their time to complete.  This path contains zero slack time.  It is possible for there to be multiple critical paths in a project. Techniques used to find the critical path are called CPM, or critical path, method techniques.
Term
Activities
Definition
Pieces of work within a project that consume time.  The completion of all the activities of a project marks the end of the project.
Term
Early Start Schedule
Definition
A project schedule that lists all activities by their early start times.
Term
Earned Value Management
Definition
Technique that combines measures of scope, schedule, and cost for evaluating project progress.
Term
Functional Project
Definition
A structure where team members are assigned from the functional units of the organization.  The team members remain a part of their functional units and typically are not dedicated to the project.
Term
Gantt Chart
Definition
Shows in a graphic manner the amount of time involved and the sequence in which activities can be performed.  Often referred to as a bar chart.
Term
Immediate Predecesssor
Definition
Activity that needs to be completed immediately before another activity.
Term
Late Start Schedule
Definition
A project that lists all activities by their late start times.  This schedule may create savings by postponing purchases of material and other costs associated with the project.
Term
Matrix Project
Definition
A structure that blends the functional and pure project structures.  Each project uses people from different functional areas.  A dedicated project manager decideds what tasks need to be performed and when, but the funtional managers control which people to use.
Term
Project
Definition
A series of related jobs usually directed toward some major output and requiring a significant period of time to perform.
Term
Project Management
Definition
Planning, directing, and controlling resources (people, equipment, material) to meet the technical, cost, and time constraints of a project.
Term
Project Milestone
Definition
A specific event in a project.
Term
Pure Project
Definition
A structure for organizing a project where a self-contained team works full time on the project.
Term
Work Breakdown Structure
Definition
The hierarchy of project tasks, subtasks, and work packages.
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