GMS 450 Study Guide - Final Guide: Failure Mode And Effects Analysis, Discounted Cash Flow, Critical Path Method
10 Dec 2013
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Outflow/inflow = pbp discounted cash flow npv = -i + sum (netcash in period/(1+k)^period k = discount/rate of return. 4 phases initiation, planning/development, execution(implementation), closeout (terminate) . 4. train customer, transfer document, evaluation, lesson learned, . burst activity: an activity that has more than one activity immediately following it (more than one dependency arrow flowing from it). Parallel (concurrent) activities: activities that can occur independently and, if desired, not at the same time. Critical path: the longest path through the activity network that allows for the completion of all project-related activities; the shortest expected time in which the entire project can be completed. Delays on the critical path will delay completion of the entire project. Event: a point in time when an activity is started or completed. , top down overall project cost estimated by estimated costs of major tasks, adv. Errors need not be individually identified, bottom up wbs, those responsible estimate resource requirements, adv.
