PJM5900 Week 4 - Project Schedule Management - 2021
PJM5900 Week 4 - Project Schedule Management - 2021
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Learning Objectives
• Define Project schedule/time management
• Identify the processes involve in schedule/time management
• Identify the tools and techniques required in schedule/time management
• Demonstrate an understanding of diagramming techniques
• Identify and manage the critical path of a project schedule
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Project Schedule Management
“The processes required to accomplish the timely completion of the project” (PMI,
2017, p. 173).
Project Management Institute. (2017). A guide to the project management body of knowledge (6th ed.). Newtown Square, PA: Author. 3
Why schedule management?
On time delivery is a quality metric and therefore can impact customer satisfaction
Effectively managing the time to complete a project may reduce project cost
Time is money
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Schedule Management Overview
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Project Management Institute. (2017). A guide to the project management body of knowledge (6th ed.). Newtown Square, PA: Author.
How do we manage project schedule?
Project Management Institute. (2017). A guide to the project management body of knowledge (6th ed.). Newtown Square, PA: Author. 6
Plan Schedule Management
“Plan Schedule Management is the process of establishing the policies,
procedures, and documentation for planning, developing, managing,
executing, and controlling the project schedule” (PMI, 2013, 142).
Input
▪ Project Management Plan
Tools & Techniques Output
▪ Project Charter
▪ Expert Judgment
▪ Enterprise Environmental Factors ▪ Schedule Management Plan
▪ Organizational Process Assets
▪ Data Analysis
▪ Meetings
Project Management Institute. (2017). A guide to the project management body of knowledge (6th ed.). Newtown Square, PA: Author. 7
Define Project Activities
“The process of identifying and documenting the
specific actions to be performed to produce the project
deliverables” (PMI, 2017, p. 183)
Project Management Institute. (2017). A guide to the project management body of knowledge (6th ed.). Newtown Square, PA: Author. 8
Sequence Activities
Project Management Institute. (2013). A guide to the project management body of knowledge (5th ed.). Newtown Square, PA: Author. 9
Sequencing Activities
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Estimate Activity Durations
“The process of estimating the number of work periods needed to complete
individual activities with the estimated resources” (PMI, 2017, p. 173)
Uses various estimating techniques to provide the amount of time each activity
will take to complete
Uses information from the scope of work, required resource types or skill levels,
estimated resource quantities, and resource calendar
Bottom-up estimating: estimates project duration or cost by aggregating the estimates of the lower
levels of the WBS – starts with work packages
Three-point estimating: models uncertainty in cost and duration estimates by providing minimum, most likely, and
maximum values
Parametric estimating applied to work packages
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Three-Point Estimate Example
Improves single point estimates by considering estimation risk and uncertainty
Beta Probability distribution uses a weighted average
Time estimate = (optimistic + 4 (most likely) + pessimistic)/6
Triangular probability distribution uses a simple average
Time estimate = (optimistic + most likely + pessimistic)/3
Which probability distribution was
used to model duration uncertainty
in this project?
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Dependency Types
• Mandatory
– Develop product and then test it
• Discretionary
– Product passes animal tests and then test in humans
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Task Schedule Dependencies
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Types of Network Diagrams
• Activity on Arrow (AOA)
– Older
– Simpler
– Not used as much today in commercial PM software applications
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AOA Example
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Activity-on-Node Fundamentals
FIGURE 6.2
6–18
Source: Gray and Larson, 2014
Activity-on-Node Fundamentals (cont’d)
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Source: Gray and Larson, 2014
Modifying a Dependency
• Lag time
– Build in extra time
– Delays the schedule
• Lead time
– Do tasks in parallel
– Used to speed up the
schedule
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Slack or Float Time
• The amount of time an activity can be delayed after the start of a
longer parallel activity or activities.
• It is how long an activity can exceed its early finish date without
affecting early start dates of any successor(s).
• Allows flexibility in scheduling scarce resources.
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Schedule Constraints
• Constraint dates
• Examples:
– Must start on
– Must finish on
– Start(or Finish) no earlier than
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Network Diagrams
• Hint: ask yourself: Can this activity start right away? If not, what needs to be done
before it can start?
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Dependency Types & Leads/Lags
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Summary
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References
Harvard Business School Publishing (HBSP). (2013, December 18). Harvard
ManageMentor: Project management. Retrieved from
https://cb.hbsp.harvard.edu/cbmp/product/9041-HTM-ENG
Kreitner, R. (2013). Management. Boston, MA: Cengage Learning
Larson, E. W., & Gray, C. F. (2013). Project Management: The Managerial Process (6th
ed.). New York, NY: McGraw-Hill Education.
Meredith, J. R., Mantel, S. J., Shafer, S. M., & Sutton, M. M. (2013). Project management in
practice (5th ed.). Hoboken, NJ: Wiley.
Project Management Institute. (2017). A guide to the project management body of knowledge
(5th ed.). Newtown Square, PA: Author.
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