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1. The ____________ is a statement of all work that has to be completed. 2. ____

ID: 402711 • Letter: 1

Question

1. The ____________ is a statement of all work that has to be completed.

2. ____________ determines the sequence for undertaking activities.

3. The ____________ is the sequence of activities between a project’s start and finish that takes the longest time to complete.

4. ____________ is the maximum length of time that an activity can be delayed without delaying the entire project.

5. The ____________ is the shortest possible time to complete the activity.

6. The ____________ is determined by starting with the normal time schedule and crashing activities along the critical path in such a way that the costs of crashing do not exceed the savings in indirect and penalty costs.

7. A(n) ____________ identifies the key threats to a project and prescribes ways to work around them.

8. The ____________ is the shortest time in which an activity can be completed if all goes exceptionally well.

9. ____________ occurs when the assumptions used to compute planned slack are invalid and activities are pushed beyond their planned latest start dates.

10. To find the standard deviation of the critical path, you must first add the ____________ of all activities on the critical path.

11. The phase of project management that takes the most resources is the ____________, during which managers focus on activities that pertain to deliverables.

12. The ____________ is the sequence of dependent events that prevents the project from completing in a shorter interval.

13. ____________ are inserted where each feeder path joins the critical chain in the critical chain approach to project management.

14. ____________ is an attempt to reduce the peaks and valleys in resource needs by shifting the schedules of conflicting activities within their earliest and latest start dates.

15. ____________ is the budgeted cost of the work actually completed to date.

Explanation / Answer

1 SOW

2 precedence relationships

3 project management

4 optimistic time

5 activity cost

6 Crash duration

7 swot

8 Optimistic time

9 negative slack

10 squares

11 project execution phase

12 critical chain

13 feeding buffers

14 slack

15 Budgeted cost of work performed