Ebtm 443 Study guides, Class notes & Summaries

Heuristic A rule of thumb used to make decisions. Frequently found in scheduling projects. For example, schedule critical activities first, then schedule activities with the shortest duration. Leveling Techniques used to examine a project for an unbalanced use of resources, and for resolving resource over-allocations. Planned value (PV) The planned time-phased baseline of the value of the work scheduled. Previously this was called budgeted cost of work scheduled (BCWS). ...

The process of forecasting or approximating the time and cost of completing project deliverables is called A. Budgeting B. Predicting C. Estimating D. Planning E. Guesstimating Estimating In practice, estimating processes are frequently classified as A. Top down/bottom up B. Rough/polished C. Precise/order of magnitude D. Draft/final E. Both A and B are correct Top down/bottom up A typical statement in actual practice is that estimates should have a probability of being...

Information to develop a project network is collected from the A. Organization breakdown structure B. Work breakdown structure C. Budget D. Project proposal E. Responsibility matrix Work breakdown structure Which of the following represents an activity on an AON project network? A. An arrow B. A line C. A node D. Both A and B are correct E. A, B, and C are all correct A node Arrows on an AON project network represent: A. An activity B. Project flow C. Dependency D. ...

Organizational culture is best explained as organizational A. Personality B. Hierarchy C. Reporting relationships D. Background E. Management style Personality A good project management system provides for defining the interface between the project team and the organization in all the following areas except A. Authority B. Allocation of resources C. Development of project team members D. Integration of the project into the organization E. All of these are provided Development ...

Which of the following is true for organizations that have a coherent link of projects to strategy? A. There is more cooperation across the organization B. Performance is better on projects C. They have fewer projects D. Both A and B are true E. A, B, and C are all true A, B, and C are all true A critical factor to ensure the success of integrating the strategic plan with projects lies in a process that A. Is open and published for all participants to review B. Starts with top man...

The advent of project management has been most profound in A. Automobile manufacturing B. Construction C. Information technology D. The U.S. Department of Defense E. Film making Information Technology 2. A professional organization for project management specialists is the A. PMI B. AMA C. MIS D. IPM E. PMBOK PMI Which of the following is not considered to be a characteristic of a project? A. An established objective B. A clear beginning and end C. Complex tasks D...

EBTM 443 - Chapter 4: Q&A

EBTM 443 - Chapter 1: Q&A

Technical/Logic and Resource Constraints 2 Types of Constraints Technical/Logic Constraints Constraints related to the networked sequence in which project activities must occur Resource Constraints The absence, shortage, or unique interrelationship and interaction characteristics of resources that require a particular sequencing of project activities People, Materials, Equipment, and Working Capital Types of Resource Constraints Resource Cconstrained Projects Res...