Timefinalvj - Agenda 1. Network Diagrams 2. Schedule...

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Unformatted text preview: Agenda 1. Network Diagrams 2. Schedule compression 3. Dependencies 4. Float (slack) 5. Schedule development 6. Critical path method 7. Estimating 8. Progress reporting Time Process Groups PLANNING • Activity Definition • Activity Sequencing • Activity Resource Estimating • Activity Duration Estimating • Schedule Development MONITORING & CONTROLLING • Schedule Control Types of Dependencies Mandatory Dependency-inherent to the nature of the work being done or required by the project Example: Digging a hole before pouring the foundation on a house Discretionary Dependency- the way the PM prefers to set dependencies Example: Painting the interior of a house first vs. the exterior of vice versa Types of Dependencies (cont.) • External Dependency-based on the needs of a party outside of the contract Example : Outside suppliers delivering goods Float (aka Slack) • Total Float- Amount of time an activity can be delayed without delaying the project end date or a major milestone • Free Float- Amount of time a project can be delayed without delaying the early start date of future successor projects Float (aka slack) • Project Float- Amount of time a project can be delayed without delaying the project completion date How to Calculate Float? Float = Late Finsh (LF) – Early Finish (EF) or; Float = Late Start (LS) – Early Start (ES) Float helps teams manage projects because it tells them how much time flexibility they have on each task. Schedule Compression • Objective: Achieve the greatest amount of schedule compression for the least incremental cost while maintaining project scope. • Schedule compression occurs during: – Planning phase: see if desired completion date can be met and what will have to change to make that date....
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This note was uploaded on 07/04/2011 for the course PM 605 taught by Professor Rr during the Spring '11 term at Keller Graduate School of Management.

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Timefinalvj - Agenda 1. Network Diagrams 2. Schedule...

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