Cmgt 4100 stuvia 2024 - Study guides, Class notes & Summaries

What is a project? - ANSWERA temporary endeavor undertaken to create a unique product, service, or result Every project has: - ANSWER- A start and finish point -A deliverable Project Planning: - ANSWERthe process of choosing the one method and order of work to be adopted for a project from all the various ways and sequences in which it could be done." Project planning elements include: - ANSWERscope, design and alternate designs, cost, time, finance, land, procurement, operations, e...

What info is addressed in the planning and scheduling process? - ANSWER-Planning- "what" is going to be done, "how", "where", and by "whom" -Scheduling- determining time needed to complete a project Who developed the bar chart - ANSWERHenry Gantt Is A-O-A (or ADM) a version of CPM scheduling? - ANSWERYes What is the difference in determinist and probabilistic durations? Which does A-O-A use? Which does PERT use? - ANSWER-Deterministic schedules - specific durations dates, and t...

· advantages of bar charts ( - ANSWERsimple to prepare) (simple to read) · what advantages does a network diagram have over a bar chart - ANSWER- logic or relationships of activities · purpose of resource allocation- - ANSWERties back to efficiency making sure each activity get the needed resources · Whats something we haven't leveled- - ANSWERtime you can level equipment materials labor but not really time · When you accelerate a project what happens to - ANSWERdirect cost- in...