Podcast
Questions and Answers
What does AOA stand for in the context of project management?
What does AOA stand for in the context of project management?
What are the beginning or ending points of one or more activities in a project network called?
What are the beginning or ending points of one or more activities in a project network called?
What is the relationship between the earliest start time (ES) and earliest finish time (EF) of an activity?
What is the relationship between the earliest start time (ES) and earliest finish time (EF) of an activity?
Which of the following is NOT a component of a project network?
Which of the following is NOT a component of a project network?
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How is the latest start time for an activity determined?
How is the latest start time for an activity determined?
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What is the critical path in a project network?
What is the critical path in a project network?
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What is the formula to calculate the latest finish time (LF) of an activity?
What is the formula to calculate the latest finish time (LF) of an activity?
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Which of the following formulas correctly represents the slack of an activity?
Which of the following formulas correctly represents the slack of an activity?
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If an activity has an earliest start time of 5 and a duration of 8 weeks, what is its earliest finish time?
If an activity has an earliest start time of 5 and a duration of 8 weeks, what is its earliest finish time?
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What is the purpose of calculating slack in the PERT/CPM method?
What is the purpose of calculating slack in the PERT/CPM method?
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In the given example, what is the latest finish time (LF) for activity D?
In the given example, what is the latest finish time (LF) for activity D?
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Which of the following statements about the PERT/CPM method is correct?
Which of the following statements about the PERT/CPM method is correct?
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Which of the following is true about PERT (Program Evaluation and Review Technique)?
Which of the following is true about PERT (Program Evaluation and Review Technique)?
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What is the primary purpose of a PERT chart or network diagram?
What is the primary purpose of a PERT chart or network diagram?
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Which of the following is true about CPM (Critical Path Method)?
Which of the following is true about CPM (Critical Path Method)?
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What is an activity in the context of PERT and CPM?
What is an activity in the context of PERT and CPM?
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Which technique is more suitable for projects where time required to complete activities is not known in advance?
Which technique is more suitable for projects where time required to complete activities is not known in advance?
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What is the primary difference between PERT and CPM?
What is the primary difference between PERT and CPM?
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Study Notes
Project Management Terminology
- AOA stands for Activity on Arrow, which represents a type of project network diagram.
Project Network Components
- Nodes or events represent the beginning or ending points of one or more activities in a project network.
Activity Time Calculations
- The earliest finish time (EF) of an activity is the sum of its earliest start time (ES) and duration.
- The latest start time (LS) of an activity is determined by subtracting the duration from the latest finish time (LF).
- The latest finish time (LF) of an activity is calculated by subtracting the slack from the earliest finish time (EF).
Critical Path and Slack
- The critical path is the sequence of activities that determines the minimum duration required to complete a project.
- The slack of an activity is the difference between its latest finish time and earliest finish time.
- The formula to calculate slack is LF - EF.
Activity Characteristics
- An activity is a specific task or job that must be completed in a project.
- Activities have durations, earliest start times, and earliest finish times.
PERT and CPM Methodologies
- PERT (Program Evaluation and Review Technique) is a methodology used for projects where time required to complete activities is not known in advance.
- CPM (Critical Path Method) is a methodology used for projects where time required to complete activities is known in advance.
- The primary purpose of PERT and CPM is to identify the critical path and determine the minimum duration required to complete a project.
- PERT charts or network diagrams are used to visualize the project network and identify relationships between activities.
Key Differences
- The primary difference between PERT and CPM is the uncertainty of activity durations.
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Description
Test your knowledge about PERT (Program Evaluation & Review Technique) and CPM (Critical Path Method) with this quiz! Explore the concepts related to planning and controlling projects using PERT charts.