These are flashcards an notes made by students on topics like 'project', 'resources' and 'float', originating from:

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- Joseph Phillips
ISBN-10 0071775919 ISBN-13 9780071775915
1205 Flashcards & Notes
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Study Cards on project, resources, float

What is the point of the project schedule?
To complete the project scope in the shortest amount of time possible without incurring exceptional costs or risks, or a loss of quality.
What is the critical path used for?
  • To consider which activities are critical
  • To identify which activities have float/ slack
  • To determine the earliest completion date of a project
What types of float are being recognized in a project?
  • Free float - total time activity can be delayed without delaying start of a successor activity
  • Total float- total time activity can be delayed without delaying project completion
  • Negative total float - caused by constraints on activities
  • Project float - the time the project can be delayed without passing the customer-expected completion date
What is the difference between the critical path and critical chain method?
Where the critical path method modifies the project schedule based upon the pure sequence of events, the critical chain method removes deadlines of individual tasks and works the project schedule based on the availability of project resources.
What is the key of CCM scheduling? When is this relevant?
The evaluation of activity latest possible start and finish dates in order to manage buffer activity duration (ensuring activities are started and completed when needed to). When then are limited resources to complete the project.
What are means for resource leveling?
  • changing timing of activities
  • apply resources to critical path activities
  • change project schedule (evenings, weekends, adding shifts)
  • change resources, tools, equipment etc.
What do we mean with reverse resource allocation scheduling?
To schedule scarce resources from project end-date rather than project start date.
For which activities is resource smoothing value adding?
For activities with float, that are non-critical, taking advantage of the float.
What is the trick with duration compression?
Calculating ways the project can get done sooner than expected.
What are the two methods for activity duration compression?
  • Crashing: adding more resources to the critical path activities, with a consequence of more costs
  • Fast-tracking: changing the relationship of activities (e.g. paralleling rather than sequencing), with a consequence of more risk
What is the purpose of simulations?
  • They allow the project manager to examine the feasibility of the project schedule under different conditions, variables, and events.
  • They allow the project team to create responses to feasible situations, so that when the situation occurs the project team is ready
When is a project considered to be final?
Until the resources needed to complete the project works are ascertained.
What formats are recognized for a project schedule?
  • Project Network Diagram
  • Bar Charts
  • Milestone Charts
  • Schedule Baseline
  • Schedule Data
What do we mean with updating the resource requirements?
That when resource leveling takes place, the resources should be documented (resource calendar, resource schedule etc.) and the additional costs should be accounted for and approved.
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