Man 4583 exam 2 - Study guides, Class notes & Summaries

MAN 4583 Exam 1 Questions and Answers Rated A+ What constitutes a project? - Temporary endeavor - Beginning and end - Creates unique product - Not continuous operation - Budget Project Manager - Assigned to achieve projects objectives - Leads projects team - Organizes projects resources - Planning/ overseeing project in its entirety - COMMUNICATING - Authorization given through project charter Simple Project Life Cycle/ Knowledge Areas of Process Groups Initiating, planning,...

UCF MAN 4583 Exam 2 Latest Update Already Passed Project Budget A realistic estimate of the cost to complete the project work Estimate too high; the project could be canceled Estimate too low; the project will cost more and don't deliver The Cost target you aim for as you manage a project Labor Cost What you paid people to work on the project Vendors Contractors Employees Burdened Cost For employees Salary Benefits May get the rates from accounting or HR departm...

MAN 4583 Exam 2 Questions and Answers Already Passed What is a Project Network A flow chart that graphically depicts the sequence, interdependencies, and start and finish times of the project job plan of activities that is the critical path through the network. What are some of the things to be considered in the critical path? scheduling labor and equipment communication project's duration budgeting cash flow Identifies critical activities What is an activity? An element of the...

UCF MAN 4583 Exam 2 Questions & Answers 2024/2025 I'm here for you! Through the years, Quizlet has helped me so much in my exams, quizzes, and assessments. I want to pay it forward If you find this helpful and would like to donate as little as $2-$5 to @stay-curious101 on Venmo it would mean the world to me! With every act of kindness, I'll pay it forward. :) "The average American gives 2.6% to charity every year" - Best of luck with all your classes! - ANSWERSThank You! ...

Man 4583 Exam 2 Questions and Answers Already Passed Which of the following represents an activity on an AON project network? A node When translated into a project network, a work package will become one or more activities Which of the following is provided by both the project network and the work breakdown structure? activity duration On a project network, the activity times are derived from the work package An activity that has more than one dependency arrow flowing into it is...

Man 4583 Exam 2 With All Questions and Answers ...

MAN 4583 EXAM 2 2024 WITH 100% CORRECT ANSWERS Which of the following represents an activity on an AON project network? - correct answer A node When translated into a project network, a work package will become - correct answer one or more activities Which of the following is provided by both the project network and the work breakdown structure? - correct answer activity duration On a project network, the activity times are derived from the - correct answer work package An activ...

What is a Project Network - A flow chart that graphically depicts the sequence, interdependencies, and start and finish times of the project job plan of activities that is the critical path through the network. What are some of the things to be considered in the critical path? - scheduling labor and equipment communication project's duration budgeting cash flow Identifies critical activities What is an activity? - An element of the project that requires time. What is a merge activi...

A You are in the process of creating cost estimates for your project activities. You start with a document that details all the activities that will be performed in the project, and you begin to estimate the cost of each of the activities listed. What is this document? A. Work Breakdown Structure B. Network Breakdown Diagram C. Critical Path Structure D. None of the above C While planning for a construction project, you realize that one of the project activities requires a crane. Your company ...

WBS breaks down into ____ rather than ___ deliverables; activities when defining work activities it is essential to involve the people who will actually be performing the project work how do you define a work activity give activity a name; short & starts with a verb Sequencing work activities put work activities in a logical order you should sequence activities so that they are done ASAP Who should create estimates for activity durations those who will be performing the activities overesti...