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Project Time Management Based on PMBOK 5th Edition PROJECTSAvvy Inc, USA Website: www.projectsavvy.net , Email: [email protected]

PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

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Page 1: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Project Time Management

Based on PMBOK 5th Edition

PROJECTSAvvy Inc, USA

Website: www.projectsavvy.net , Email: [email protected]

Page 2: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Agenda

6.1 Plan Schedule Management

6.2 Define Activities

6.3 Sequence Activities

6.4 Estimate Activity Resources

6.5 Estimate Activity Durations

6.6 Develop Schedule

6.7 Control Schedule

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Page 4: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Project Time Management

Includes the processes required to

accomplish timely completion of the project;

involved 7 processes used to in developing

time schedule

The schedule can have any format.

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6.1 Plan Schedule Management

Establishing the policies, procedures, and

documentation for planning, developing,

managing, executing, and controlling the project

schedule.

The key benefit is to provide guidance and

direction on how the project schedule will be

managed.

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Page 7: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Plan Schedule Management: Inputs

1. Project Management Plan

Scope baselines

Other Information

2. Project Charter

3. Enterprise Environmental Factors

4. Organization Process Assets

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Plan Schedule Management: T & T

1. Expert Judgment

2. Analytical Techniques

3. Meetings 8

Page 9: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Plan Schedule Management: Output

1. Schedule Management Plan, includes but

not limited to:

Project Schedule Model Development

Level of accuracy

Rules of Performance Management

Reporting Formats

Process Description

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6.2 Define Activities

Identify the specific actions to be performed to

produce the project deliverables

Activities provide a basis for estimating,

scheduling, executing and monitoring and

controlling the project work.

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Define

Activities

Data Flow

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Page 12: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Define Activities: Inputs

1. Schedule Management Plan

2. Scope baselines

3. Enterprise Environmental Factors

4. Organizational Process Assets

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Page 13: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Define Activities: T & T

1. Decomposition

2. Rolling Wave Planning

3. Expert Judgment

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Page 14: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Define Activities: Outputs

1. Activity List: A list of all the activities that will

be performed on the project and a

description of each activity

2. Activity Attributes

3. Milestone List: A milestone is a significant

point or event in project.

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6.3 Sequence Activities

The process of identifying and documenting

relationships among the project activities.

Lead/Lag time between activities should be

considered to support a realistic schedule.

Can be performed by a software or

manually.

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Page 17: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Sequence Activities: Inputs

1. Schedule Management Plan

2. Activity List

3. Activity Attributes

4. Milestone List

5. Project Scope Statement

6. Enterprise Environmental Factors

7. Organizational Process Assets

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Page 18: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Sequence Activities: T & T

1. Precedence Diagramming

The most common method of arranging the

project activities visually. Activities are put in

boxes, called nodes,

and connected with

arrows (Activity on

Node). 18

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Page 20: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Sequence Activities: T & T

2. Dependency Determination

• Mandatory Dependency

• Discretionary dependency: preferred

logic, preferential logic, or soft logic.

• External dependencies

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Sequence Activities: T & T

3. Applying Leads an Lags

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Sequence Activities: Outputs

1. Project Schedule Network Diagrams

2. Project Document Updates

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Page 23: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Exercise

23

Activity Predecessor

A -

B A

C B, F

D C

E -

F E

G F

Page 24: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

6.4 Estimate Activity Resources

Estimate the type and quantities of

material, human resources, equipment, or

supplied required to perform each activity.

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Page 26: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Estimate Activity Resources: Inputs

1. Schedule Management Plan

2. Activity List

3. Activity Attributes

4. Resource Calendars

5. Risk Register

6. Activity Cost Estimates

7. Enterprise Environmental Factors

8. Organizational Process Assets

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Page 27: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Estimate Activity Resources: T & T

1. Expert Judgment

2. Alternatives Analysis

3. Published Estimating Data

4. Bottom-up Estimation

5. Project Management Software

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Estimate Activity Resources: Outputs

1. Activity Resource Requirements

2. Resource Breakdown Structure

3. Project Document Updates

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Page 29: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Quiz

“Determining the physical resources, quantities

of each and when they would be used” is called

A. Resources Selection.

B. Resource leveling.

C. Resource Breakdown Structure (RBS).

D. Estimate Activity Resources.

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6.4 Estimate Activity Duration

The process of approximating the number of

work periods needed to complete individual

activities with estimated resources.

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Page 32: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Estimate Activity Duration: Inputs (1)

1. Schedule Management Plan

2. Activity List.

3. Activity Attributes

4. Activity Resource Requirements

5. Resource Calendar 32

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Estimate Activity Duration: Inputs (2)

6. Scope Statement

7. Risk Register

8. Resource Breakdown Structure

9. Enterprise Environmental Factors

10.Organization Process Assets 33

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Estimate Activity Duration: T & T (1)

1. Expert Judgment

2. Analogous Estimating (Top-down) - Use

actual values of a similar project

3. Parametric Estimating

4. Group Decision making techniques

5. Reserve Analysis

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Page 35: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Estimate Activity Duration: T & T (2)

6. Three-point Estimate

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Page 36: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Program Evaluation & Review Technique (PERT)

Uses a weighted average duration estimate to calculate

activity durations.

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Page 37: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Gantt Chart

Bar charts are relatively easy to read, and are

frequently used in management presentations.

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Page 39: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Estimate Activity Duration: Outputs

1. Activity Duration Estimates: Quantitative

estimates of the likely duration of each

activity as well as the range of possible

results ( 10 ± 2 day )

2. Project Document Updates

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Page 40: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Quiz

The optimistic estimate is 1, the pessimistic

estimate is 9 & the most likely estimate is 8.

What is the PERT estimate?

A. 9

B. 7

C. 8

D. 6

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6.6 Develop Schedule

The process of analyzing activity

sequence, durations, resource

requirements, & schedule constraints to

create a project schedule.

Developing an acceptable schedule is

often an iterative process.

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Page 43: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Develop Schedule: Inputs (1)

1. Schedule Management Plan

2. Activity List

3. Activity Attributes

4. Project Schedule Network Diagrams

5. Activity Resource Requirements

6. Resource Calendars

7. Activity Duration Estimates

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Page 44: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Develop Schedule: Inputs (2)

8. Project Scope Statement

9. Risk Register

10.Project Staff Assignment

11.Resource Breakdown Structure

12.Enterprise Environmental Factors

13.Organizational Process Assets

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Page 45: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Develop Schedule: T & T

1. Schedule Network Analysis

2. Critical Path Method

3. Critical Chain Method

4. Resource Optimization Techniques

A. Resource Leveling

B. Resource Smoothing

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Develop Schedule: T & T

5. Modeling Techniques

• What-if scenario analysis

• Simulation

6. Leads and Lags

7. Schedule Compression

• Crashing

• Fast tracking

8. Scheduling Tools

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Page 47: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Critical Path

The longest duration path through a network diagram

which represents the shortest time to complete the

project

E:2 H:2

A:2

End

Start

D:2

B:3 C:4

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Critical Chain

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Page 49: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Resource Leveling & Smoothing

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Duration Compression

Duration compression is a special case of

mathematical analysis to shorten the project schedule

without changing the project scope

Crashing : cost & schedule tradeoffs are analyzed

to determine how to obtain the greatest amount of

compression for the least incremental cost.

Fast-tracking: doing activities in parallel that would

normally be done in sequence. Fast tracking often

results in rework and usually increases risk.

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Develop Schedule: Outputs

1. Schedule Baseline

2. Project Schedule

• Milestone Charts

• Bar Charts

• Schedule Network Diagrams

3. Schedule Data

4. Project Calendar

5. Project Management Plan Updates

6. Project Document Updates

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Float

• Total float (Slack): the amount of time an activity

can be delayed without delaying the project end

date or/and intermediary milestone.

• Free Float (Slack): the amount of time an activity

can be delayed without delaying the start of its

successor.

• Project Float: the amount of time a project can be

delayed without delaying the externally imposed

project completion date.

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Page 53: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Quiz

Which of the following is the BEST project

management tool to use to determine the longest time

the project will take?

A. WBS

B. Network Diagram

C. Bar chart

D. Project Charter

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Page 54: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

Quiz

Which of the following is correct?

A. A schedule can have several critical paths

B. There must be only one critical path

C. The network diagram will change every time the

end date changes

D. A project can never have negative float

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Page 55: PMP-CAPM Project time managment - PMBOK5th Edition Video Training Tutorials 85 Videos duration up to 70 hours visit at

6.6 Control Schedule

The process of monitoring the status of the

project to update project progress and

manage changes to schedule baseline.

Concerned with:

Determine current status

Influence the factors that cause changes

Manage actual changes as they occur

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Control Schedule: Inputs

1. Project Management Plan

2. Project Schedule

3. Work Performance Data

4. Project Calendars

5. Schedule Data

6. Organizational Process Assets

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Control Schedule: T & T (1)

1. Performance Reviews

Trend Analysis

Critical Path Method

Critical Chain Method

Earned Value Management

2. Project Management Software

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Control Schedule: T & T (2)

3. Resource Optimization Techniques

4. Modeling Techniques

5. Leads and Lags

6. Schedule compression

7. Scheduling Tool

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Control Schedule: Outputs

1. Work Performance Information

2. Schedule Forecasts

3. Change Requests

4. Project Management Plan Update

1. Schedule baseline

2. Schedule Management Plan

3. Cost baseline

5. Project Document Updates

6. Organizational Process Assets Updates

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Quiz

All of the following relate to controlling the

schedule EXCEPT:

A. Value analysis.

B. Crashing.

C. Float.

D. Mandatory dependencies

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