Project management

False (B)

Project tasks, precedence relationships, expected duration

<p>duration</p> Signup and view all the answers

<p>Design = Design Cost Account Manufacturing = Mfg Cost Account Drafting = Drafting Cost Account Engineering = Engineering Cost Account</p> Signup and view all the answers

<p>Mechanical Cost Account (A)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Tracking expenses for specific project components</p> Signup and view all the answers

<p>precedence</p> Signup and view all the answers

<p>Cost Balance Sheet (A)</p> Signup and view all the answers

<p>It is a one-of-a-kind activity. (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Objectives, time needed, and resources needed.</p> Signup and view all the answers

<p>Statement of Work</p> Signup and view all the answers

<p>Do we have the needed resources? (C)</p> Signup and view all the answers

<p>Milestone Schedule = Key project stages or phases. Work Breakdown Structure (WBS) = Level-by-level subdivision of project work. Statement of Work = Itemizes tasks to be performed and deliverables. Project Proposal = Details of what is to be accomplished and resources needed.</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Work Package</p> Signup and view all the answers

<p>Where project components meet functional organization/departments.</p> Signup and view all the answers

<p>Inspiration (C)</p> Signup and view all the answers

<p>To determine the longest path of activities in a project (D)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>te = (a + 4m + b) / 6</p> Signup and view all the answers

<p>Slack/Float</p> Signup and view all the answers

<p>Activity = A task or a series of tasks in a project Event = A point in time when an activity is completed Critical Path = The sequence of activities that determines the project duration Duration = The total time required to complete an activity</p> Signup and view all the answers

<p>Multiple finish points (D)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>te is expected time; σ is standard deviation</p> Signup and view all the answers

<p>critical</p> Signup and view all the answers

<p>Activity C (D)</p> Signup and view all the answers

A temporary undertaking with a defined beginning and end, aimed at creating a unique product, service, or result.

A formal document outlining the project's scope, objectives, costs, benefits, and constraints.

A detailed description of what the project will deliver, including tasks, deliverables, data, and reports.

Key stages or phases of a project. Each milestone involves tasks, people, and resources, aiding in developing a detailed project plan.

A product-oriented diagram that breaks down the work of a project into smaller components.

The final outcome of a project, the actual product or service delivered.

The different components of a project, such as design, development, testing, or deployment.

The functional organizations or departments involved in a project, such as marketing, engineering, or finance.

Where two dimensions (project components and functional organizations) meet, representing a cost allocation point.

The smallest unit of work that can be controlled and managed within a project.

A comprehensive plan that outlines the project tasks, their sequence, and their estimated duration.

The relationship between tasks, where one task must be completed before another can begin.

The estimated time it takes to complete a task.

The process of creating detailed drawings and specifications for a product or system.

The initial phase of product development, focused on defining requirements and exploring design options.

The process of analyzing and optimizing a product's design based on performance and cost.

The specialized knowledge and expertise required for a specific engineering discipline.

The manufacturing process, where raw materials are transformed into finished products.

A step or task within a project plan, with a defined duration and dependencies.

A point in time marking the completion of one or more activities, often indicating the start of another activity.

The sequence of activities that determines the shortest possible completion time for a project, where any delay on one activity will delay the entire project.

The estimated time required to complete an activity.

The earliest possible time an activity can start, taking into account preceding activities.

The latest possible time an activity can be completed without delaying the entire project.

The amount of time an activity can be delayed without affecting the project completion date.

A technique for project planning and scheduling that involves estimating the duration of each activity and identifying the critical path.

A project scheduling technique similar to CPM, where activity durations are considered uncertain and are represented as a range of estimates.

The most optimistic estimate of the time an activity will take, assuming everything goes perfectly.