Float
July 18, 2008
The amount of time a particular task can be delayed without changing the project end date is called as Float. Float is extensively used in the CPM method. -Posted by Dhana Read More →
Fitness for Use
July 12, 2008
This is one of the Cost of Quality theory developed by Joseph M. Juran. This theory says that conformance to specification/requirement of the project is met or exceeded. It reflects the customers view of quality and answers for the following questions. 1.... Read more...
Fishbone Diagram
July 10, 2008
This is part of the Cause-and-effect diagramming technique which is a tools and techniques of Risk Identification. It is also called as Ishikawa diagram. This diagram shows the relationship between the problem effects and their causes. This diagram also... Read more...
Independent Estimates
July 9, 2008
The Procurement department will conduct Independent Estimates(Also called as Should-Cost Estimates) Comparing the costs of a vendor proposal with outside sources or other vendor prices to determine if estimates are reasonable. This is a tool and technique... Read more...
Finish-to-Start (FS) Relationship
July 8, 2008
This is one of the four logical relationships used in the Precedence Diagramming Method (PDM). This is the most and widely used relationship. According to this relationship, the independent/preceding/parent activity must finish before the dependent/succeeding/child... Read more...
Finish-to-Finish (FF) Relationship
July 6, 2008
This is one of the four logical relationships used in the Precedence Diagramming Method (PDM). According to this relationship, the independent/preceding/parent activity must finish before the dependent/succeeding/child activity finishes. -Posted by Dhana ... Read more...
Feasibility Study
July 4, 2008
Feasibility study is a preliminary assessment to determine if the project is a viable project, the probability of project success, and the viability of the product of the project. This will focus issues like marketability, safety, customer requirements,... Read more...
Hard Dependency or Hard Logic
July 3, 2008
Dependencies that are directly related to the nature of the work being performed. This is known as hard dependency or hard logic. This is also referred as Mandatory Dependeny . This dependencies will be used duing the Project Planning specifically on... Read more...
Fait Accompli
July 2, 2008
This is part of Contract Negotiation and its distraction technique employed by the influencing party. Normally when one party tries to convince the other party discussing a particular issue that it is no longer an issue. This is trying to keep from negotiating... Read more...
Change in PMP Expiration Date
July 1, 2008
PMP Certificants need to earn 60 PDU’s to maintain the PMP credential and validity of PMP Certification. Currently, without taking in to account of the year of certification, the required Credential has to earned in next three years for maintaining... Read more...