L1 - Time Management Overview

Question 1

Importance of Time Management

Answer 1

CM’s biggest challenge is delivering projects on time.
Time has the least amount of flexibility.
Schedule issues are one of the main reasons for conflict on projects.
Accurate, initial schedule development and continued ongoing maintenance is paramount to:
-Provide solid basis for quantifying time impacts.
-Avoiding claims.

Question 2

The Critical Path Method is a technique that defines:

Answer 2

All the necessary activities and their individual durations..
Sets the relationships connecting the activities.
Calculates the total time required to complete the project based on those definitions.

Question 3

Critical Path Method scheduling objectives

Answer 3

Manage time , resources, cost.
Integrate multiple parties.
Evaluate options.
Resolve disputes.

Question 4

CPM interdependencies

Answer 4

Interdependencies are defined.

Effect of delay on any activity is reflected in other activities and project completion.

Question 5

CPM graphic formats

Answer 5

Retired formats:
-AOA, activity-on-arrow diagram method
-ADM, arrow diagram method.
Current formats:
-PDM, precedence diagram method (activity-on-node)
-PERT, performance evaluation and review technique