Ch6.5 - Estimate Activity Duration Flashcards

1
Q

Estimate Activity Durations

A

process of estimating the number of work periods needed to complete individual activities with estimated resources

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2
Q

Estimate Activity Durations Benefit

A

provides the amount of time each activity will take to complete, which is a major input into the Develop Schedule process

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3
Q

Inputs for Estimate Activity Durations(10)

A

EEF, OPA, Sched Mgmt Pln, Activity list, activity attributes, activity resource requirements, resource calendars, project scope statement, risk register, resource breakdown structure

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4
Q

TT for Estimate Activity Durations (6)

A

expert judgement, analogous estimating, parametric estimating, three-pt estimating, group decision making techniques, reserve analysis

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5
Q

Outputs for Estimate Activity Durations (2)

A

activity duration estimates, project doc updates

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6
Q

Input for Estimate Activity Durations: Schedule Management Plan

A

defines the method used and the level of accuracy along with other criteria required to estimate activity durations including the project update cycle.

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7
Q

Input for Estimate Activity Durations: Activity List

A

activity list identifies the activities that will need duration estimates.

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8
Q

Input for Estimate Activity Durations: Activity Attributes

A

primary data input for use in estimating durations

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9
Q

Input for Estimate Activity Durations: Activity resource reqts

A

level to which the resources assigned to the activity meet the requirements will significantly influence the duration of most activities. For example, if additional or lower-skilled resources are assigned to an activity, there may be reduced efficiency or productivity due to increased communication, training, and coordination needs

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10
Q

Input for Estimate Activity Durations: Resource Calendars

A

resource calendars influence the duration of schedule activities due to the availability of specific resources, type of resources, and resources with specific attributes.

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11
Q

Input for Estimate Activity Durations: Project Scope Statement

A

assumptions and constraints from the project scope statement are considered when estimating the activity durations; Ex: Existing conditions,
Availability of information, and
Length of the reporting periods.

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12
Q

Input for Estimate Activity Durations: Risk Register

A

list of risks, along with the results of risk analysis and risk response planning.

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13
Q

Input for Estimate Activity Durations: Resource Breakdown Structure

A

provides a hierarchical structure of the identified resources by resource category and resource type.

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14
Q

Input for Estimate Activity Durations: Enterprise Environmental Factors

A

Duration estimating databases and other reference data,
Productivity metrics,
Published commercial information, and
Location of team members.

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15
Q

Input for Estimate Activity Durations: Organizational Process Assets

A

Historical duration information,
Project calendars,
Scheduling methodology, and
Lessons learned.

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16
Q

TT for Estimate Activity Durations (6): Expert Judgment

A

duration estimate information

17
Q

TT for Estimate Activity Durations (6): Analogous Estimating

A

estimating the duration or cost of an activity or a project using historical data from a similar activity or project; gross value estimating approach, adjusted for known differences in project complexity. Used when when there is a limited amount of detailed information about the project. Less costly, less accurate. most reliable when the previous activities are similar in fact and not just in appearance

18
Q

TT for Estimate Activity Durations (6): Parametric Estimating

A

algorithm is used to calculate cost or duration based on historical data and project parameters. Uses a a statistical relationship between historical data and other variables (e.g., square footage in construction) to calculate an estimate for activity parameters, such as cost, budget, and duration. multiplying the quantity of work to be performed by labor hours per unit of work.

19
Q

TT for Estimate Activity Durations (6): 3 point estimateing

A

considering estimation uncertainty and risk. PERT. tE = (t0 + 4tM + tP) / 6

20
Q

TT for Estimate Activity Durations (6): Group decision-making techniques

A

brainstorming, the Delphi or nominal group techniques, improves accuracy/commitment by involving group

21
Q

TT for Estimate Activity Durations (6): Reserve analysis

A

buffer. Monte Carlo simulation, contingency reserve

22
Q

Outputs for Estimate Activity Durations (2): Activity Duration Estimates

A

quantitative assessments of the likely number of time periods that are required to complete an activity

23
Q

Outputs for Estimate Activity Durations (2): Project Documents Updates

A

Activity attributes; Assumptions made in developing the activity duration estimate, such as skill levels and availability, as well as a basis of estimates for durations.