Project Management Concepts Review

These flashcards cover key terms and definitions relevant to project management concepts discussed in the lecture.

WBS

Work Breakdown Structure, a hierarchical decomposition of a project into smaller components.

Project Schedule

A timetable for when project activities will take place, outlining start and end dates.

Metro Diagram

A type of diagram used to illustrate the connections between tasks in a project.

Lag

A delay between the start or finish of one task and the start or finish of another.

Float

The amount of time that a task can be delayed without delaying the project.

Gantt Chart

A visual representation of a project schedule, showing tasks, durations, start and end dates.

Network Diagram

A graphical representation of the sequence of tasks and their dependencies in a project.

Monitoring and Controlling

The process of tracking, reviewing, and regulating the progress and performance of a project.

Project Cost Management

The process of planning, estimating, budgeting, and controlling costs to ensure that the project is completed within the approved budget.

PMBOK

Project Management Body of Knowledge, a set of standard terminology and guidelines for project management.