Project Time Management Part 2 by Whizlabs Software

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About the Lecture

The lecture Project Time Management Part 2 by Whizlabs Software is from the course Project Management Professional - Training. It contains the following chapters:

  • Develop Schedule
  • Example - Critical Path Method
  • Resource Optimization
  • Schedule compression techniques
  • Control Schedule

Included Quiz Questions

  1. You have to perform Crashing
  2. You have to use Fast Tracking technique
  3. The critical path may change due to this action
  4. This approach may increase Risks
  1. Undertake Crashing
  2. Perform PERT Analysis
  3. Undertake fast tracking
  4. Perform Monte-Carlo Analysis to determine the impact on the Project
  1. The project is delayed by 1 day.
  2. The Critical path duration changes
  3. No Impact
  4. The project becomes riskier
  1. There is a negative float of 2 days.
  2. It can’t be determined from the given data.
  3. There is no project float.
  4. You have to apply crashing or fast tracking
  1. External dependencies
  2. Discretionary dependency
  3. Mandatory dependency
  4. Constrain
  1. Analogous Estimating
  2. Parametric Estimating
  3. PERT
  4. Bottom-up Estimating
  1. Bottom-up Estimating
  2. PERT
  3. Analogous Estimating
  4. Parametric Estimating
  1. The Critical path method where we take the resource constrain into consideration.
  2. The Critical path method where we have multiple critical paths
  3. The Critical path method where we take the risk factors into consideration.
  4. The Critical path method where we have zero project float.
  1. Multiple Critical paths make the project riskier.
  2. Activities on Critical path have zero float.
  3. Multiple Critical paths make the project costlier.
  4. You have to apply fast tracking.
  1. Crashing generally may lead to more rework as compared to crashing.
  2. Fast tracking generally leads to decrease of Project duration
  3. Crashing is generally preferred when cost is not a concern.
  4. Crashing generally leads to decrease of Project duration
  1. Consider Fast tracking opportunities
  2. Undertake Cost management planning
  3. Allocate additional resources for the Project
  4. Undertake Crashing
  1. Uses WBS components to estimate cost
  2. Less Accurate
  3. Can be done at a very early in the life cycle of the project
  4. Quick & Less costly to create
  1. 0.5
  2. 0.66
  3. 3
  4. 1
  1. Lag
  2. Lead
  3. Float
  4. Slack
  1. Free float
  2. Total float
  3. Lag
  4. Lead
  1. 0
  2. 2
  3. 1
  4. -2
  1. 2
  2. 1
  3. 0
  4. -2
  1. -2
  2. 0
  3. 1
  4. 2

Author of lecture Project Time Management Part 2

 Whizlabs Software

Whizlabs Software


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