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23 Cards in this Set

  • Front
  • Back
What are the processes of Time Management?

Plan Schedule Management


Define Activities


Sequence Activities


Estimate Activity Resources


Estimate Activity Durations


Develop Schedule


Control Schedule

What is the Plan Schedule Management?

How you will plan, manage, and control the project schedule.
What are the inputs of Plan Schedule Management

Scope baseline


project management plan


OPAS and EEFs


Project Charter


Analysis Techniques

What is the Schedule management plan?


Output of Plan schedule management


Scheduling methodology/software


Rules for estimates


Establishing Schedule baseline for measuring against


ID of performance measures, to ID variances


what are acceptable variances


how schedule variances be ID and managed


ID schedule change control procedures


reporting formats

What level should activities be at?

Small enough to estimate, schedule, monitor and control
What is rolling wave planning?

Plan to higher level until project work begins and work is clearer to plan the lower levels
What are for types of dependencies?

Mandatory: inherent in the nature of work


Discretionary: way Organization has chosen to have work performed


External: based on needs of party outside of project


Internal: based on needs of project and maybe under project team control


More than one dependency can be identified for same work.

What is needed to Estimate Activity Duration?


Activity List and attributes


Activity resource requirements


resource calendars


resource breakdown structure


OPAs and EEFs


Risk Register

What are the different methods of estimating?


Analogous Estimating


Parametric Estimating


Three-point Estimating


Group decision-making (such as Delphi)


Reserve analysis

What is one-point estimating?

Submit one estimate per activity, based on expert judgment, historical info, or guess


Negatives:


force padding into estimate


hide info about risks and uncertainties


schedule no one believes in


makes person look unreliable


estimators working against PM

What is Analogous Estimating?

Top-down, applicable to both time and cost


uses expert judgment and historical data to predict future


Compare to past projects or activity

What is parametric Estimating?


Looks at the relationship between variables on an activity


Regression Analysis: diagram 2 variables to see if they are related


Learning Curve: 100th room painted will take less time than 1st



What is Heuristics?

a generally accepted rule, or best practice. EX: Design work is always 15 percent of the total project length
What is three-point estimating?

Analysis what could go right (opportunity), what could go wrong (Threats) help create range for activities. Estimators give optimistic (O), pessimistic (P) and most likely (M)


Triangular(simple or straight): (P+O+M)/3


Beta( PERT or weighted): (P+4M+O)/6


Standard Deviation: (P-O)/6

What are the types of reserves added to projects?


Contingency Reserve (called time reserves or buffers): for identified schedule risks remaining after Plan Risk Responses. Part of schedule baseline.


Management Reserves: to cover unforeseen risks. Management Time Reserves not part of schedule baseline

What is needed to Develop Schedule?

Historical data


Project scope Statement


Activity list and attributes


network diagram


activity duration estimate


activity resource requirements


resource calendar


resource breakdown structure


Workdays


project staff assignments


Risks



What are the Schedule Network Analysis tools?


Critical path method


Schedule compression


Modeling


Resource Optimization


Critical Chain Method

What are the types of float?


Total Float (slack): time activity can be delayed without delaying project


Free Float (slack): time activity can be delayed without delaying next activity


Project Float (slack): time project can be delayed without delaying external project completion date

What are the Schedule Compression Techniques?


Fast tracking: taking critical path activities in series and making in parallel. Can increase rework and risk


Crashing: Adding or adjusting resources to compress schedule. Trades time for money.

What is Monte Carlo Analyisis?


Uses computer Software to Simulate the outcome of project. Simulation can tell you:


Prob of completing on specific day


Prob of completing for specific cost


Prob of activity being on critical path


Overall project risk

What are the Resource Optimization Techniques?


Resource Leveling: lengthens the schedule and increases cost in order to deal with limited resources, resource availability, and other resource constraints.


Resource Smoothing: Resources leveled within the float of activities, completion date not changed. Modified resource leveling

What are some activities in Control Schedule?

Review work performance data


Re-estimate the remaining components


Conduct performance reviews (Earned Value Measurement, etc)


Perform Trend Analysis


Consider optimizing Resources


Use modeling to optimize schedule


Adjust metrics to get correct information


Follow Change Control Process

What are the outputs of Control Schedule?


Work Performance Information


Schedule Forecasts


Changes to schedule baseline or schedule management plan


Other changes to project plans or documents