 | Study Outlines
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 study_outline_ch17.doc
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- What is a project?
- What is project management?
- How is it different than general management?
1) 2) 3) - Why is it used?
1) 2) - What are the key metrics?
1) 2) 3) - What are the major executive responsibilities?
a. b. c. - What are the main tools?
1) 2) 3) 4) - List the six key decisions in project management.
1) 2) 3) 4) 5) 6) - The project manager is responsible for effectively managing these six aspects of a project:
1) 4) 2) 5) 3) 6) - What is a project champion, and why are project champions used?
- What are some of the Pros and Cons of working on projects?
Pros Cons - List the phases in the life cycle of a project.
1) 2) 3) 4) - What is a work breakdown structure, and what is its purpose?
- What is a Gantt chart?
- Define these terms:
PERT CPM - By using tools such as PERT and CPM, managers are able to obtain
1) 2) 3) 4) - Explain these terms:
AOA diagram AON diagram - What is meant by the term critical path?
- Define these terms:
optimistic time pessimistic time most likely time - Write the formula for
expected time of an activity variance of an activity standard deviation of a path - What probability distribution is used to describe activity times?
- What probability distribution is used to describe path times?
- What assumption is made about path durations and activity durations in PERT analysis?
- Explain what is meant by the term crashing.
- Which activities are potential candidates for crashing?
- As a general rule, to what extent should a project be crashed?
- Name four types of risks associated with projects.
1) 2) 3) 4)
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