ch17_study_out

ch17_study_out - AOA diagram AON diagram 19. Define these...

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STUDY OUTLINE FOR CHAPTER 17 PROJECT MANAGEMENT 1. What is a project? 2. What is a matrix organization? 3. What is project management? 4. How is project management different than general management? 1) 2) 3) 5. Why is it used? 1) 2)
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6. What are the key metrics? 1) 2) 3) 7. What are the major executive responsibilities? a. b. c. 8. What are the main tools? 1) 2) 3) 4) 9. List the six key decisions in project management. 1) 2) 3) 4) 5) 6)
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10. The project manager is responsible for effectively managing these six aspects of a project: 1) 4) 2) 5) 3) 6) 11. What is a project champion, and why are project champions used? 12. What are some of the Pros and Cons of working on projects? Pros Cons 13. List the phases in the life cycle of a project. 1) 2) 3) 4)
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14. What is a work breakdown structure, and what is its purpose? 15. What is a Gantt chart? 16. Define these terms: PERT CPM critical path critical activity slack
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17. By using tools such as PERT and CPM, managers are able to obtain 1) 2) 3) 4) 18. Explain these terms:
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Unformatted text preview: AOA diagram AON diagram 19. Define these terms: optimistic time pessimistic time most likely time 20. Write the formula for expected time of an activity variance of an activity standard deviation of a path 21. What probability distribution is used to describe activity times? 22. What probability distribution is used to describe path times? 23. What rule of thumb is used to assign a probability of 1.0000 to timely path completion? 24. What assumption is made about path durations and activity durations in PERT analysis? 25. Explain the importance of budget control for projects. 26. Explain what is meant by the term crashing . 26. Which activities are potential candidates for crashing? 27. As a general rule, to what extent should a project be crashed? 28. What is the critical chain approach to project management? 29. Name four types of risks associated with projects. 1) 2) 3) 4)...
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ch17_study_out - AOA diagram AON diagram 19. Define these...

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