Exam 9: Lean Systems

Free slack is the amount of time that an activity's earliest finish time can be delayed without delaying the earliest start time of any activity immediately following it.

Standard computerized scheduling packages are rarely used for project management.

Each activity in the work breakdown structure must have an "owner" who is responsible for doing the work.

Many small incremental changes to project objectives, which in total significantly expand the scope are referred to as ________ .

The ________ is the shortest time in which an activity can be completed if all goes exceptional well.

In planning projects, the acronym WBS stands for "work behind schedule."

What are the five steps involved in planning a project?

The correct sequence of the four major phases in projects life cycle is; organization, planning, execution and closeout.

Among all the paths of activities in a project's network diagram, the critical path is the path with the most activity slack.

In controlling projects, the term close out refers to the decision to terminate a project because the actual time required to complete the project was going to exceed the completion date established in the original project plan.

A hierarchical approach to developing a work breakdown structure (WBS) for a project involves breaking major work tasks down into smaller tasks.

Assuming a beta distribution is being used, if the most pessimistic time for an activity increases by 6 weeks, what will happen to the expected time for that activity?