Exam 5: Developing the Schedule

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The overall window of time in which a project must be completed is defined by its ____ time and ____ time.

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Total Slack is sometimes called

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When considering the availability of resources, it may be necessary to make some assumptions, such as

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When planning the project, it is important to

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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.

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Each activity has two pairs of duration and cost estimates: ____ and ____.

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The total completion time is 25 days.Task A is planned to take seven days.Task B is planned to take five days.Task C is planned to take eight days.The tasks have a serial relationship.Task A takes nine days to be completed instead of seven days.How much slack does the project have now that Task A is finished?

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In many cases, especially for smaller projects, most activities involve people resources-that is,

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

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The latest finish time for a specific activity must be the same as or earlier than the earliest of all the latest start times of all the activities emerging directly from that specific activity.

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The ____ time is the shortest estimated length of time in which the activity can be completed.

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Once this baseline plan is agreed upon by the customer and the contractor or project team, the project work can be performed.

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At the beginning of a longer-term project, it is easier to estimate the duration of

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The contractor may not want to commit to completing the project by a specific date until the customer has approved the contract.

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

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The sponsor or customer often states the project required completion time in the project charter, RFP, or contract.

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An updated project schedule can be generated regularly that forecasts whether the project will finish ahead of or behind its required completion time.

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The estimated duration should be aggressive and unrealistic.

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

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Positive slack indicates the maximum amount of time

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