Time Mgmt Flashcards
What is the process of time mgmt?
- Define activities
- Sequence activities
- Estimate activity resources
- Estimate activity durations
- Develop schedule
- Control schedule
In which process is the schedule management plan created?
The schedule mgmt plan is created in integration mgmt, as a part of the Develop Project Mgmt Plan process
What are the key outputs of the Define Activities process?
Activity list
Activity attributes
Milestone list
What are key outputs of the Sequence Activities process?
Network diagrams
Project document updates
What are key outputs of the Estimate Activity Resources process?
Activity resource requirements
Resource breakdown structure
What are key outputs of the Estimate Activity Durations process?
Activity duration estimates
Project document updates
What is the Develop Schedule process?
What are its key outputs?
The actions and tools necessary to create a bought into, approved, realistic, and formal project schedule
Outputs:
- Project schedule
- Schedule baseline
What are key outputs of the Control Schedule process?
Work performance measurements
Change requests
What are mandatory dependencies and discretionary dependencies?
Mandatory: One activity MUST be done after or before another; may also be called hard logic
Discretionary: When you PREFER activities to be accomplished in a certain order; may also be called preferred, preferential, or soft logic
What are external dependencies?
Dependencies base on the needs of a party OUTSIDE the project
What is a resource breakdown structure?
An organizational chart or table showing idenfied resources by category
What is the critical path?
How does it help the project?
The longest path through the network diagram
It shows the project mgmr the shortest time in which the project can be completed
It shows the project mgr where to focus his or her time
It is used in compressing or adjusting the schedule
What is the near-critical path?
The path closest in length to the critical path
Define lag
Watiting time inserted into the schedule.
Define total float and the formula for total float
The amount of time an activity can be delayed without delaying the project
Formula:
Late start-Early Start
OR
Late finish-Early finish
Define free float and project float
Free Float: The amt of time an activity can be delayed without delaying the early start date of its successor
Project Float: The amount of time the project can be delayed without affecting the project’s required end date; the desired project end date minus the actual end date
What are methods to compress a schedule?
Crashing
Fast tracking
What is crashing
Schedule compression through analyzing cost & schedule trade-offs to obtain the greatest compression for the least cost while maintaining scope
What is fast tracking?
Schedule compression by doing more critical path activities in parallel
What is the critical chain method?
A schedule network analysis tool that makes use of buffers
What is reestimating
Estimating the project again after planning to make sure you can still meet the end date, budget, or other objectives
What is resource leveling?
Keeping the amount of resources used for each time period constant, thus affecting the project duration
What is a schedule baseline?
The approved schedule with any approved changes, used to measure project schedule performance
What are main tools for displaying schedule?
Network Diagrams
Bar charts
Milestone charts
What do network diagrams show?
Interdependencies between activities
How project activities will flow from beginning to end
Network diagrams may also be used to determine critical path
What do simple bar charts show?
Project schedule or project status
What do milestone charts show?
High level project status
What is Monte Carol analysis?
A schedule network analysis technique
It is used to simulate the project to determine how likely you are to get the project completed by any specific date or for any specific cost
It is also used in the Perform Quantitative Risk Analysis process to determine an overall level of risk on the project
What are the following rules?
50/50 rule
20/80 rule
0/100 rule
Methods of progress reporting
50% (or 20% or 0%) of the effort is reported complete when an activity begins.
The balance (50%, 80% or 100%) is recorded only when an activity is finished.
