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COM5450-06
Terms of Chapter 6
56
Management
Graduate
10/24/2011

Additional Management Flashcards

 


 

Cards

Term
MULTITASKING
Definition
When a resource works on more than one task at a time
Term
SLACK
Definition
The amount of time an activity can be delayed without delaying a succeeding activity or the project finish date
Term
PDM
Definition
This diagramming is more popular than ADM method. It is used by project management software activities are represented by boxes
Term
ACTIVITY LIST
Definition
A tabulation of activities to be included on a project schedule
Term
RESOURCES
Definition
People, equipment and materials"
Term
MILESTONE
Definition
A significant event that normally has no duration on a project; serves as a marker to help in identifying necessary activities, setting schedule goals, and monitoring progress
Term
TOTALSLACK
Definition
The amount of time an activity can be delayed from its early start without delaying the planned project finish date
Term
FINISH TO FINISH
Definition
A dependency where task B cannot finish until task A finishes
Term
CRITICAL CHAIN
Definition
A scheduling method that considers limited resources when creating a project schedule and includes buffers to protect the project completion date
Term
AOA
Definition
A network diagram where activities are represented by arrows
Term
LATE START DATE
Definition
The latest possible time an activity can start based on the project network logic
Term
TOC
Definition
A management philosophy developed by Eliyahu M. Goldratt and introduced in his book The Goal
Term
FLOAT
Definition
The amount of time a project activity may be delayed without delaying a succeeding activity or the proeject finish date
Term
MANDATORY
Definition
These dependencies are inherent in the nature of the work being performed on a project; sometimes referred to as hard logic
Term
EFFORT
Definition
The number of workdays or work hours required to complete a task
Term
CRITICAL PATH
Definition
The longest path through the network diagram that has the least amount of slack or float
Term
EXTERNAL
Definition
Dependencies that involve relationships between project and non-project activities
Term
SLIPPED MILESTONE
Definition
A milestone activity that is completed later than planned
Term
SCHEDULEBASELINE
Definition
The approved planned schedule for the project
Term
STARTTOFINISH
Definition
A dependency where task B cannot finish until task A starts
Term
NETWORKDIAGRAM
Definition
A schematic display of the logical relationships among, or sequencing of, project activities
Term
GANTT
Definition
A chart that provides a standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in calendar format
Term
FEEDING
Definition
This type of buffer adds time before tasks on the critical path
Term
MURPHYS
Definition
This law states that if something can go wrong, it will
Term
CPM
Definition
A network diagramming technique used to predict total project duration
Term
TASK
Definition
An element of work, normally found on the WBS, that has an expected duration and cost, and expected resource requirements
Term
RESOURCE BREAKDOWN STRUCTURE
Definition
A hierarchical structure that identifies the project's resources by category and type
Term
THREEPOINTESTIMATE
Definition
An estimate that includes an optimistic, most likely, and pessimistic estimate
Term
ACTIVITYATTRIBUTES
Definition
These provide more information about each activity, such as predecessors, successors, logical relationships, leads and lags, resource requirements, constraints, imposed dates, and assumptions related to the activity
Term
PROJECTTIMEMANAGEMENT
Definition
The processes required to ensure timely completion of a project
Term
SMART
Definition
Criteria that help define milestones (smart, measurable, assignable, realistic, and time-framed)
Term
BACKWARD
Definition
This type of pass determines the late start and finish dates
Term
BASELINEDATES
Definition
The planned schedule dates for activities in a tracking gantt chart
Term
PROJECT
Definition
This type of buffer adds time before the project’s due date
Term
EARLYFINISHDATE
Definition
The earliest possible time an activity can finish based on the project network logic
Term
ACTIVITY
Definition
An element of work normally found on the WBS that has an expected duration, a cost, and resource requirements
Term
DISCRETIONARY
Definition
Dependencies defined by the project team; sometimes referred to as soft logic and should be used with care because they may limit later scheduling options
Term
PROBABILISTICTIME
Definition
Duration estimates based on using optimistic, most likely, and pessimistic estimates of activity durations, or a three-point estimate
Term
DURATION
Definition
The actual amount of time worked on an activity plus the elapsed time
Term
STARTTOSTART
Definition
A dependency where task B cannot start until task A starts
Term
BURST
Definition
When a single node is followed by two or more activities in a network diagram
Term
NODE
Definition
The starting and ending point of an activity on an activity-on-arrow diagram
Term
EARLYSTARTDATE
Definition
The earliest possible time an activity can start based on the project network logic
Term
MERGE
Definition
When two or more nodes precede a single node on a network diagram
Term
FORWARD
Definition
A pass through the network diagram that determines the early start and finish dates
Term
FREESLACK
Definition
The amount of time an activity can be delayed without delaying the early start of any immediately following activities
Term
FINISHTOSTART
Definition
The most common type of dependency
Term
PARKINSONS
Definition
Law which states that work expands to fill the time allowed
Term
DEPENDENCY
Definition
A sequencing of project activities or tasks; also called a relationship
Term
TRACKINGGANTT
Definition
A chart that compares planned and actual project schedule information
Term
BUFFER
Definition
Additional time to complete a task
Term
LATEFINISHDATE
Definition
The latest possible time an activity can finish based on the project network logic
Term
DUMMY
Definition
A type of activity that has no duration and uses no resources but is used to show a logical relationship between two activities in the arrow diagramming method of project network diagrams
Term
FASTTRACKING
Definition
This technique shortens project schedules by doing activities in parallel or overlapping them
Term
PERT
Definition
A project network analysis technique used to estimate project duration when there is a high degree of uncertainty with the individual activity duration estimates
Term
CRASHING
Definition
A technique for making cost and schedule tradeoffs to obtain the greatest amount of schedule compression for the least incremental cost
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