BUAD 341 Study Guide - Final Guide: Multiple Choice, A Aa, Early Start
Document Summary
There is only one functional manager in the matrix project organizational. Duplication of resources is minimized with the matrix structure. A task is a group of activities combined to be assigned to a single organizational unit. The work package provides a description of what is to be done, when it is to be started and completed, the budget, measures of performance, and specific events to be reached. Critical path techniques work best for well-defined jobs or tasks. The critical path is the sequence of activities with the longest completion time or the shortest processing time for a project. The gantt chart is most useful for large projects with 30 or more activities. There is always slack time in the critical path. Managers can use a late start schedule to postpone purchases of materials for cost savings. It is doomed to failure unless the pm has strong negotiating skills. The first step in critical path scheduling is:
