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PROJECT MANAGEMENT: THE MANAGERIAL PROCESS CHAPTER 16 FINAL PAPER SOLVED QUESTIONS WITH COMPLETE ANSWERS

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PROJECT MANAGEMENT: THE MANAGERIAL PROCESS CHAPTER 16 FINAL PAPER SOLVED QUESTIONS WITH COMPLETE ANSWERS

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PROJECT MANAGEMENT: THE MANAGERIAL
PROCESS CHAPTER 16 FINAL PAPER SOLVED
QUESTIONS WITH COMPLETE ANSWERS

◉ 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).
Answer: The amount of time that a specific activity can be delayed
without delaying the earliest start time of its immediately
succeeding activities; the relative difference between the amounts of

, total slack for activities entering into that same activity. It is always a
positive value. Also referred to as free float.


◉ Gantt Chart.
Answer: A graphic presentation of project activities depicted as a
time-scaled bar line


◉ Lag relationship.
Answer: The relationship between the start and/ or finish of a
project activity and the start and/or finish of another activity. The
most common lag relationships are (1)
finish-to-start, (2) finish-to-finish, (3) start-tostart, and (4) start-to-
finish.


◉ Concurrent Engineering.
Answer: Cross-functional teamwork in new-product development
projects that provides product design, quality engineering, and
manufacturing process engineering all at the same time.


◉ Hammock Activity.
Answer: A special-purpose, aggregate activity that identifies the use
of fixed resources or costs over a segment of the project—e.g., a
consultant. Derives its duration from the time span between other
activities.

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