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MGSC FINAL EXAM |133 QUESTIONS | WITH COMPLETE SOLUTIONS!!
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MGSC FINAL EXAM |133 QUESTIONS | WITH COMPLETE SOLUTIONS!!
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MGSC FINAL EXAM |133 QUESTIONS |
WITH COMPLETE
SOLUTIONS!!
MGSC
Evatee 8/14/24 MGSC
,MGSC FINAL EXAM |133 QUESTIONS | WITH
COMPLETE SOLUTIONS!!
define a project Answer - interrelated set of activities with a definite starting
and ending point, which results in a unique outcome for a specific allocation of
resources
what are the aspects of defining and organizing projects Answer - -defining the
scope and objectives of a project
- selecting the project manager and team
- recognizing organizational structure
Defining the work breakdown structure Answer - -statement of all work that
has to be completed
- consists of activities
define activities Answer - the smallest unit of work effort consuming both time
and resources that the project manager can schedule and control
how do you diagram the network Answer - - we use AON method and use:
- program evaluation and review technique (PERT)
- critical path method (CPM)
define the critical path Answer - sequence of activities between a project's
start and finish that takes the longest time to complete
, define slack Answer - - the maximum length of time that an activity can be
delayed without delaying the entire project
S= latest start- earliest start OR S= latest finish - earliest finish
how is a critical path related to the concept of slack? Answer - activities on the
critical path DO NOT have slack
define project crashing Answer - shortening and or expediating some activities
within a project to reduce overall project completion time an total project costs
what are different project costs Answer - - direct costs
-indirect costs
-penalty costs
- normal time
-normal cost
- crash time
- crash cost
what is the cost to crash per period Answer - crash cost - normal cost/ Normal
time - crash time
what is normal time Answer - the time necessary to complete an activity under
normal activities
what is normal cost Answer - the activity cost associated with the normal time
what is crash time Answer - the shortest possible time to complete an activity
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