A risk response plan
is a proactive effort to anticipate a risk and describe an action plan to deal with it. … Quantitative risk analysis evaluates each risk by estimating the probability that it will occur and the degree of impact.
What is the critical path quizlet?
A critical path is
the sequence of project network activities which add up to the longest overall duration
, regardless if that longest duration has float or not. This determines the shortest time possible to complete the project. … Shortening the project schedule duration without reducing the project scope.
Can involve a modeling process called what if analysis?
the process of identifying, analyzing, anticipating, and, monitoring risks to minimize their impact on the project. It can involve a modeling process called what-if analysis, which allows a project manager to vary one or more elements in a model to measure the effect on other elements.
When task must be completed one after another they are called concurrent tasks?
When tasks must be completed one after another, they are called
concurrent
tasks. When several tasks can take place at the same time, each is called a sequential task. Often, two or more concurrent tasks depend on a single prior task, which is called a successor task.
Is a review of a project team member’s work by other members of a team?
In this, each task represents several activities. … They can involve sequential tasks, multiple successor tasks, and multiple predecessor tasks.
testing review
. A review of a project team member’s work by other members of the team.
What is scheduling in project management?
Scheduling in project management is
the listing of activities, deliverables, and milestones within a project
. A schedule also usually includes a planned start and finish date, duration, and resources assigned to each activity. Effective project scheduling is a critical component of successful time management.
When two or more concurrent tasks depend on a single prior task?
When two or more concurrent tasks depend on a single prior task, each of the concurrent tasks is called
a predecessor task
.
What is a pert CPM chart?
A PERT chart, sometimes called a PERT diagram, is
a project management tool used to schedule, organize and coordinate tasks within a project
. … A similar methodology, the critical path method (CPM) was developed for project management in the private sector at about the same time.
What is the critical path method?
Critical path method (CPM) is
a resource-utilization algorithm for scheduling a set of project activities
. … A list of all tasks required to complete the project. The dependencies between the tasks. The estimate of time (duration) that each activity will take to complete.
What is the difference between CPM and PERT?
CPM is a statistical technique of project management in which planning, scheduling, organising, coordination and control of well-defined activities take place. 2. PERT is
a technique of planning and control of time
. Unlike CPM, which is a method to control costs and time.
What are the responsibilities for project team members?
- Contributing to overall project objectives.
- Completing individual deliverables.
- Providing expertise.
- Working with users to establish and meet business needs.
- Documenting the process.
What are the key roles in a project team?
- Initiator. …
- Model. …
- Negotiator. …
- Listener. …
- Coach. …
- Working member.
What is a project life cycle?
The project management life cycle is usually broken down into four phases:
initiation, planning, execution, and closure
. These phases make up the path that takes your project from the beginning to the end.
Which is the most basic scheduling method?
The task list
is the simplest project scheduling technique of all the techniques available. Documented in a spreadsheet or word processor is the list of all possible tasks involved in a project. This method is simple and the most popular of all methods.
What are scheduling methods?
- Critical Path Method (CPM) The CPM method is a commonly used construction scheduling method that helps managers predict the project schedule based on its tasks. …
- Program Evaluation and Review Technique (PERT) …
- Fast-tracking and crashing. …
- Gantt charts.
How do you do scheduling?
- Step 1: Identify Available Time. Start by establishing the time you want to make available for your work. …
- Step 2: Schedule Essential Actions. …
- Step 3: Schedule High-Priority Activities. …
- Step 4: Schedule Contingency Time.
