PROJECT MANAGEMENT THE MANAGERIAL
PROCESS MOCK EXAM AND STUDY MATERIAL
WITH CASE STUDIES AND PROJECT
SCENARIOS PRACTICE
◉ Critical path.
Answer: The longest activity path(s) through the network. The
critical path can be distinguished by identifying the collection of
activities that all have the same minimum slack
◉ Late finish (LF).
Answer: The latest an activity can finish and not delay a following
activity (LF = LS + DUR)
◉ Late start (LS).
Answer: The latest an activity can start and not delay a following
activity. It is the largest late finish (LF) of all activities immediately
preceding it (LS = LF - DUR)
◉ Early finish (EF).
Answer: The earliest an activity can finish if all its preceding
activities are finished by their early finish times (EF = ES + DUR)
,◉ Early Start Date (ES).
Answer: The earliest an activity can start. It is the largest early finish
of all its immediate predecessors (ES = EF - DUR)
◉ Merge Activity.
Answer: An activity that has more than one activity immediately
preceding it
◉ Parallel activity.
Answer: One or more activities that can be carried on concurrently
or simultaneously.
◉ Burst activity.
Answer: An activity that has more than one activity immediately
following it.
◉ Activity-on-Node (AON).
Answer: Method for drawing project networks. The activity is on the
node (rectangle).
◉ Activity-on-arrow (AOA).
Answer: Method for drawing project networks. The activity is shown
as an arrow.
, ◉ Forward Pass—Earliest Times.
Answer: -How soon can the activity start? (early start—ES)
-How soon can the activity finish? (early finish—EF)
-How soon can the project finish? (expected time—ET)
◉ Backward Pass—Latest Times.
Answer: - How late can the activity start? (late start—LS)
- How late can the activity finish? (late finish—LF)
- Which activities represent the critical path?
- How long can the activity be delayed? (slack or float— SL)
◉ Total slack.
Answer: The amount of time an activity can be delayed and not
affect the project duration.
◉ Sensitivity.
Answer: The likelihood that the critical path(s) will change once the
project begins to be implemented
◉ Free slack (FS).
PROCESS MOCK EXAM AND STUDY MATERIAL
WITH CASE STUDIES AND PROJECT
SCENARIOS PRACTICE
◉ Critical path.
Answer: The longest activity path(s) through the network. The
critical path can be distinguished by identifying the collection of
activities that all have the same minimum slack
◉ Late finish (LF).
Answer: The latest an activity can finish and not delay a following
activity (LF = LS + DUR)
◉ Late start (LS).
Answer: The latest an activity can start and not delay a following
activity. It is the largest late finish (LF) of all activities immediately
preceding it (LS = LF - DUR)
◉ Early finish (EF).
Answer: The earliest an activity can finish if all its preceding
activities are finished by their early finish times (EF = ES + DUR)
,◉ Early Start Date (ES).
Answer: The earliest an activity can start. It is the largest early finish
of all its immediate predecessors (ES = EF - DUR)
◉ Merge Activity.
Answer: An activity that has more than one activity immediately
preceding it
◉ Parallel activity.
Answer: One or more activities that can be carried on concurrently
or simultaneously.
◉ Burst activity.
Answer: An activity that has more than one activity immediately
following it.
◉ Activity-on-Node (AON).
Answer: Method for drawing project networks. The activity is on the
node (rectangle).
◉ Activity-on-arrow (AOA).
Answer: Method for drawing project networks. The activity is shown
as an arrow.
, ◉ Forward Pass—Earliest Times.
Answer: -How soon can the activity start? (early start—ES)
-How soon can the activity finish? (early finish—EF)
-How soon can the project finish? (expected time—ET)
◉ Backward Pass—Latest Times.
Answer: - How late can the activity start? (late start—LS)
- How late can the activity finish? (late finish—LF)
- Which activities represent the critical path?
- How long can the activity be delayed? (slack or float— SL)
◉ Total slack.
Answer: The amount of time an activity can be delayed and not
affect the project duration.
◉ Sensitivity.
Answer: The likelihood that the critical path(s) will change once the
project begins to be implemented
◉ Free slack (FS).
