100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MGSC FINAL EXAM |133 QUESTIONS | WITH COMPLETE SOLUTIONS!! $18.99   Add to cart

Exam (elaborations)

MGSC FINAL EXAM |133 QUESTIONS | WITH COMPLETE SOLUTIONS!!

 5 views  0 purchase
  • Course
  • MGSC
  • Institution
  • MGSC

MGSC FINAL EXAM |133 QUESTIONS | WITH COMPLETE SOLUTIONS!!

Preview 3 out of 24  pages

  • August 14, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • define a project
  • define activities
  • MGSC
  • MGSC
avatar-seller
EvaTee
MGSC FINAL EXAM |
133 QUESTIONS |
WITH COMPLETE
SOLUTIONS!!
MGSC

Evatee 8/14/24 MGSC

,MGSC FINAL EXAM |133 QUESTIONS | WITH
COMPLETE SOLUTIONS!!



define a project Answer - interrelated set of activities with a definite starting
and ending point, which results in a unique outcome for a specific allocation of
resources


what are the aspects of defining and organizing projects Answer - -defining the
scope and objectives of a project
- selecting the project manager and team
- recognizing organizational structure


Defining the work breakdown structure Answer - -statement of all work that
has to be completed
- consists of activities


define activities Answer - the smallest unit of work effort consuming both time
and resources that the project manager can schedule and control


how do you diagram the network Answer - - we use AON method and use:
- program evaluation and review technique (PERT)
- critical path method (CPM)


define the critical path Answer - sequence of activities between a project's
start and finish that takes the longest time to complete

, define slack Answer - - the maximum length of time that an activity can be
delayed without delaying the entire project
S= latest start- earliest start OR S= latest finish - earliest finish


how is a critical path related to the concept of slack? Answer - activities on the
critical path DO NOT have slack


define project crashing Answer - shortening and or expediating some activities
within a project to reduce overall project completion time an total project costs


what are different project costs Answer - - direct costs
-indirect costs
-penalty costs
- normal time
-normal cost
- crash time
- crash cost


what is the cost to crash per period Answer - crash cost - normal cost/ Normal
time - crash time


what is normal time Answer - the time necessary to complete an activity under
normal activities


what is normal cost Answer - the activity cost associated with the normal time


what is crash time Answer - the shortest possible time to complete an activity

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller EvaTee. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $18.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67866 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$18.99
  • (0)
  Add to cart