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Planning Tools

Robbins & Coulter 11th Edition

QuestionAnswer
Environmental scanning the screening of large amounts of information to anticipate and interpret changes in the environment
Competitor Intelligence environmental scanning activity by which organizations gather information about competitors
Forecasts predictions of outcome
Budget a numerical plan for allocating resources to specific activities
Scheduling detailing what activities have to be done, the order in which they are to be completed, who is to do each, and when they are to be completed
Gantt Chart a scheduling chart developed by Henry Gantt that shows actual and planned output over a period of time
Load chart a modified Gantt chart that schedules capacity by entire departments or specific resources
PERT network a flowchart diagram showing the sequence of activities needed to complete a project and the time or cost associated with each
Events end points that represent the completion of major activities in a PERT network
Activities the time or resources needed to progress from one event to another in a PERT network
Slack time the amount of time an individual activity can be delayed without delaying the whole project
Critical path the longest sequence of activities in a PERT network
Breakeven analysis a technique for identifying the point at which total revenue is just sufficient to cover total costs
Linear programming a mathematical technique that solves resource allocation problems
Project a one-time-only set of activities that has a definite beginning and ending point in time
Project management the task of getting a project’s activities done on time, within budget, and according to specifications
Scenario a consistent view of that the future is likely to be
Created by: 1257641797
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