Critical path method - Study guides, Class notes & Summaries

Which network diagram type focuses on activities of a fixed duration (Deterministic)? - Answer-CPM (Critical Path Method) deterministic - it's (D)efinitely (critical) you remember this Which network diagram type focuses on activities that have variability in their durations (Probabilistic)? - Answer-PERT (Program Evaluation and Review Technique) probablistic - it's PERTinent you remember this What does a Gantt chart show? - Answer-Shows activities of bars and predecessor relationshi...

Key performance indicators (KPIs) measure... - Answer-Current performance relative to a set of values important to the project Outcome metrics measure... - Answer-What a process produces What is a tool commonly used to visualize the complexities of a process? - Answer-Detailed flowchart The Voice of the Customer (VoC) refers to... - Answer-An in-depth method for identifying and quantifying customer values, customer expectations, preferences and aversions. A lens in performance improvement ...

ISA 387 Chapter 3 Quiz | Answered with complete solutions A Gantt chart can simplify a complex project by combining several activities into a task _____ that contains subsidiary tasks. bar network group hierarchy A _____ involves breaking a project down into a series of smaller tasks. value breakdown structure (VBS) concept breakdown structure (CBS) risk breakdown structure (RBS) work breakdown structure (WBS) When maintaining schedules, if enough _____ and frequent checkpoints exist, problem...

ARE 5.0 Project Management Questions and Answers | Latest Updated Graded A+ Project Management - Includes project planning, scheduling, monitoring, coordinating and directing, updating documentation, closing out the job, and following up with clients. Partnering - Various stakeholders in a project (such as the architect, owner, contractor and vendors) all participate in the decision-making process. Bar Chart - Method commonly used for scheduling design and construction projects. Tasks are...

Application for Payment (A201; Article 9) - Submitted by the Contractor to the Architect. Itemized and prepared in accordance with Schedule of Values. Architect reviews and submits to the owner so that they can pay the contractor, or withholds for valid reasons. Partnering - Stakeholders in a project all participate in decision-making process. Can produce closer communication and shared responsibilities but requires more difficult management. Project Manager - Coordinates the activities of...

Projects are a series of tasks with... - ANSWER: - Specific objectives, defined start and stop dates - Limited resources, time, personnel, and budgets Work Breakdown Structure (WBS) - ANSWER: Summation of activities and resources required, broken down into tasks, subtasks, responsibilities, precedents, costs, like a BOM for projects. Helps to simplify understanding, estimation and control Consideration of a project- leadership - ANSWER: - Senior management commitment - choose a projec...

A network diagram is nothing more than a work plan. - ANSWER True Predicting durations is an exact science. - ANSWER False Critical path method (CPM) is the most common type of schedule used in the commercial, civil, and industrial construction industry. - ANSWER True

ARE 5.0: Project Management Questions and Answers | Latest Updated Graded A+ Application for Payment (A201; Article 9) - Submitted by the Contractor to the Architect. Itemized and prepared in accordance with Schedule of Values. Architect reviews and submits to the owner so that they can pay the contractor, or withholds for valid reasons. Partnering - Stakeholders in a project all participate in decision-making process. Can produce closer communication and shared responsibilities but requires m...

Application for Payment (A201; Article 9) - Submitted by the Contractor to the Architect. Itemized and prepared in accordance with Schedule of Values. Architect reviews and submits to the owner so that they can pay the contractor, or withholds for valid reasons. Partnering - Stakeholders in a project all participate in decision-making process. Can produce closer communication and shared responsibilities but requires more difficult management. Project Manager - Coordinates the activities of...

2024 ETS MAJOR FIELD TEST (PRACTICE TEST): BACHELOR'S DEGREE IN BUSINESS ACTUAL QUESTIONS AND ANSWERS -PERFECT WILL PASS!!!! The common characteristic possessed by all assets is a) Long life b) Great monetary value c) Tangible nature d) Future economic benefit Ans- d) Future economic benefit Which Foreign Direct Investment (FDI) attempts to acquire particular resources at a lower real cost than could be obtained in the home country? a) Market-seeking FDI b) Efficiency-seek...