Schedule Management Knowledge Area Flashcards
Define Project Scheduling
represents how and when the project will deliver services, products and resulted defined in the project scope and aids with performance reporting and communications
How do schedule considerations differ in an agile/ adaptive framework?
often short cycles are used to start work allowing for rapid feedback and manifest as on-demand (such as Kanban) and iterative schedules (with a backlog)
Define Project Schedule Network Diagram
a graphical depiction of the relationships among project activities
Define Precedence Diagramming Method
a network diagramming method using rectangles (nodes) to represent activities and arrows to show logical relationships between the activities; AKA Activity-on-Node
What are the (4) types of Dependencies
Finish to Start
Finish to Finish
Start to Start
Start to Finish
Define Lead
Starting an activity prior to completion of the preceding activity; getting a head-start on an activity
Define Lag
Delaying the start of an activity after the completion of a preceding activity; delaying an activity
Define Bottom-Up Estimating
breaking a project or activity down in smaller components that are easier to estimate, then aggregating those costs or durations
Define Analogous Estimating
using a previous project or activity as a starting point to estimate activity costs or activity durations
Define Parametric Estimating
using statistical relationship to calculate cost or duration; typically involves multiplying the number of units by a cost or duration per unit
3 Point Estimating
a weighted average method used to increase estimation accuracy; uses Optimistic, Pessimistic and Most Likely estimates to calculate the estimated activity cost or duration
Beta Distribution Formula (PERT) and Triangular
What is the Beta Distribution Formula?
AKA PERT
(O+4*ML+P)/6
What is the Triangular Distribution Formula?
(O+ML+P)/3
Define Reserve Analysis
contingency reserves used to account for schedule or cost uncertainty (risks)
Define Critical Path
the path of activities along which any delays will cause the project to be delayed; the longest duration path through the schedule network diagram; the chain of tasks which all have the least amount of float (normally zero)