Glossary

Activity—A specific project task that requires resources and time to complete. Activity-On-Arc (Node)—The two ways of illustrating a network: placing the activities on the arcs or on the nodes.

Arc—The line connecting two nodes. Crash—in CPM. an activity can be conducted at a normal pace or at an expedited pace, known as crashed, at a greater cost.

Critical—An activity or event that, if delayed, will delay project completion.

Event—An end state for one or more activities that occurs at a specific point in time. Gantt Chart—A manner of illustrating multiple, time-based activities on a horizontal time scale.

Milestone—A clearly identifiable point in a project or set of activities that commonly denotes a reporting requirement or completion of a large or important set of activities.

Network—A combination of interrelated activities and events depicted with arcs and nodes. Node—An intersection of two or more lines or arrows, commonly used for depicting an event or activity. Path—A sequence of lines and nodes in a network. Project Management Information System (PMIS)— The systems, activities, and data that allow information flow in a project, frequently computerized but not always.

Trade-off—The amount of one factor that must be sacrificed in order to achieve more or less of another factor.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

Get My Free Ebook


Post a comment