Project Management & Planning Flashcards

Resource leveling in project scheduling typically results in:

Answer: A longer project duration or changed dates

Resource leveling resolves over-allocations by delaying activities, which often extends the project schedule.

In Earned Value Management, what does BAC stand for?

Answer: Budget at Completion

BAC (Budget at Completion) represents the total planned budget for the entire project.

A Finish-to-Finish dependency with a lag of 5 days means:

Answer: The successor must finish 5 days after the predecessor finishes

An FF+5 relationship means the successor activity cannot finish until 5 days after the predecessor finishes.

Which estimating technique bases activity duration estimates on actual durations from similar previous projects?

Answer: Analogous estimating

Analogous estimating uses historical data from similar past projects as a basis for estimating current project durations.

The Schedule Baseline differs from the Project Schedule in that the Schedule Baseline is:

Answer: The approved version that can only change through formal change control

The schedule baseline is the formally approved version of the schedule that serves as a comparison point for measuring performance.

When applying the Critical Path Method, a 'near-critical path' is significant because:

Answer: It has very little float and could become critical if delays occur

Near-critical paths have minimal float and pose schedule risk because small delays can make them critical.

In the context of project scheduling, what is a 'hammock activity'?

Answer: A summary activity that spans between two specified activities in the network

A hammock activity summarizes a group of related activities and its duration is determined by the start and finish of the activities it spans.