CMP 101 Final Exam (A+ Guaranteed)

Planning correct answers The process of organizing the activities that must take place to get a project done start to finish. Scheduling correct answers Introduces real time into the plan. What is the difference between panning and scheduling? correct answers Planning is a list Scheduling is a clock Why is scheduling very important? correct answers The faster you finish a construction project, the more money you save on fixed costs and variable costs, and the more money you can make. Fixed Costs correct answers Anything that cannot be avoided money wise. Includes over head costs and salaries. Variable Costs correct answers Things that cost money but depend on the situation. Loan costs, insurance costs, renting tools Gantt Chart correct answers used as a visual tool to show scheduled and actual progress of projects. Henry Gantt correct answers Was a mechanical engineer. He developed the gantt chart in the second decade of the 20th century (1917) What is another name for a Gantt Chart? correct answers Bar Chart What is the downside of a Gantt chart? correct answers very time consuming to update. X-axis of a gantt chart correct answers time y-axis of a gantt chart correct answers tasks What is the extra time before a task is due? correct answers Float time Activity network correct answers a graphical representation describing connections between all activities in a project Activity Path correct answers A continuous string of activities within the network from beginning to end. Critical Path correct answers The activity path with the longest duration. If one thing gets slowed down the entire project gets slowed down AOA correct answers Activity on arrow