Save
Upgrade to remove ads
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

project management

SECTION 5-6

QuestionAnswer
Risk An uncertain event that can have a positive or negative effect on objectives.
Risk uncertainty, probability, impact
Risk register A document listing risks, probability/impact, triggers, owner, response plan.
Risk register risk list, monitoring, response actions.
3 WGU risk categories External, Technical, Organizational.
3 WGU risk categories outside forces / technology / internal structure.
Risk response strategies (Avoid) change plan to eliminate risk entirely.
Risk response strategies (Avoid) redesign, remove risky task, choose different approach.
Risk response strategies( Mitigate) Reduce probability or impact.
Risk response strategies( Mitigate) training, testing, backup plan, prototypes.
Risk response ( Transfer) Shift risk to another party (insurance, fixed-price supplier contract).
Risk response ( Transfer) vendor contract, warranty, insurance.
Risk response strategies(Accept) Acknowledge risk and do nothing proactive besides monitoring/contingency.
Risk response strategies(Accept) watchlist, “if it happens we’ll handle it.”
A project manager is creating a list of anticipated project tasks while building a calendarized budget. What is the key component of this budget called? Activity estimates
Network diagram Diagram showing activity sequence and dependencies (used for critical path).
Network diagram nodes, arrows, precedence relationships, critical path.
Gantt chart Bar chart showing schedule over time with task durations and overlaps.
Gantt chart timeline, bars, start/finish dates.
Finish-to-Start (FS) dependency predecessor must finish before successor starts.
Finish-to-Start (FS) dependency cannot start until X is done.”
Start-to-Start (SS) dependency Successor can start when predecessor starts.
Start-to-Start (SS) dependency parallel start.
Finish-to-Finish (FF) dependency Successor cannot finish until predecessor finishes.
Finish-to-Finish (FF ) finish together.
Start-to-Finish (SF) dependency successor cannot finish until predecessor starts.
Start-to-Finish (SF) dependency shift work, handoffs; uncommon.
Critical path Longest path through the network; determines shortest project duration.
Critical path zero slack, longest duration path, project finish date.
Fast-tracking Schedule compression by doing tasks in parallel that were sequential.
Crashing Schedule compression by adding resources to shorten duration.
Crashing more people/money, higher cost, quality risk.
Resource leveling Adjust schedule to smooth resource usage and fix overallocations.
Resource leveling reduce peaks/valleys, flatten histogram.
Created by: ltay774
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards