Project Planning & Scheduling Flashcards

What is the purpose of a project work breakdown structure?

Answer: To decompose the project into manageable, defined work packages

A work breakdown structure decomposes the project into manageable work packages, enabling accurate estimation, assignment, and tracking of all project work.

Which scheduling method identifies the longest path through a project?

Answer: Critical Path Method determines the minimum project duration

The Critical Path Method identifies the longest sequence of dependent tasks, determining the minimum project duration and highlighting tasks that cannot be delayed.

What factor most commonly causes project cost overruns?

Answer: Inadequate scope definition and uncontrolled scope changes

Inadequate scope definition and uncontrolled scope changes (scope creep) are the most common causes of cost overruns, as they add work beyond original estimates.

How should project risks be incorporated into scheduling?

Answer: By adding contingency time to critical activities and overall project duration

Incorporating contingency time for critical activities accounts for the impact of potential risks, creating more realistic and achievable project schedules.

What is earned value management?

Answer: A method to measure project performance by comparing planned versus actual progress and cost

Earned value management integrates scope, schedule, and cost metrics to objectively measure project performance and predict future trends.

Why is stakeholder communication important in project management?

Answer: It ensures expectations are managed and decisions are informed and timely

Regular stakeholder communication manages expectations, enables informed decision-making, and builds support for the project throughout its lifecycle.