SlideShare a Scribd company logo
6 - Project Time Management
Project Management Training
Created by ejlp12@gmail.com, June 2010
Project Time Management
Knowledge
Area
Process
Initiating Planning Executing
Monitoring &
Control
Closing
Time
Activity Definition
Activity Sequencing
Activity Resource Estimating
Activity Duration Estimating
Schedule Development
Schedule Control
Enter phase/
Start project
Exit phase/
End project
Initiating
Processes
Closing
Processes
Planning
Processes
Executing
Processes
Monitoring &
Controlling Processes
Project Time Management
• The process required to manage timely completion of the project
• Project time management start with planning by the project
management team (not shown as a discrete process)
• In small project, defining & sequencing activities, estimating activity
resource & duration, developing schedule are viewed as a single
process.
6.1 Define Activities
• The process of identifying the specific actions to be performed produce the
project deliverables.
• Work package decomposed into activities (schedule activities)
Inputs
1. Scope baseline
2. Enterprise
environmental factors
3. Organizational process
assets
Tools &
Techniques
1. Decompositions
2. Rolling wave planning
3. Templates
4. Expert judgment
Outputs
1. Activity list
2. Activity attributes
3. Milestone list
In the real word sometime we skip define activities since we take WBS down to the activity level.
This is not a wrong practice but not a PMBOK practice.
Define Activities (Tools & Techniques)
• Rolling Wave Planning: progressive elaboration planning where you do not to plan
activities until you start the project management process for that phase is in the project life
cycle
• Activity Attributes:
– Use for schedule development, selecting, ordering, sorting the planned schedule
activities
– Used to identify e.g. responsible person, place, level of effort (LOE), apportioned effort
(AE)
• Milestone: a significant point or event in the project.
– Not a work activity
– Checkpoint to help control the project
– Additional milestone can be add in Sequence Activities & Develop Schedule process
– The list can indicates the level of milestone (mandatory, optional, etc)
6.2 Sequence Activities
• Process of identifying and documenting relationship among the project
activities
Inputs
1. Activity list
2. Activity attributes
3. Milestone list
4. Project scope statement
5. Organizational process
assets
Tools &
Techniques
1. Precedence
diagramming method
(PDM)
2. Dependency
determination
3. Applying leads and lags
4. Schedule network
templates
Outputs
1. Project schedule
network diagram
2. Project document
updates
Precedence Diagramming Method (PDM)
• Precedence Diagramming Method (PDM) or Activity-on-Node (AON)
– Method used in Critical Path Methodology(CPM)
– No dummy activities
– Logical relationship:
• Finish-to-Start (FS)
• Finish-to-Finish (FF)
• Start-to-Start (SS)
• Start-to-Finish (SF)
Applying Leads & Lags
• Use leads and lags to support realistic and achievable project schedule.
• Each activity is connected at least to one predecessor and one successor except
the start and the end.
• Leads.
– May be added to start an activity before the predecessor activity is complete.
• Lags
– Inserted waiting time between activities
A B C
predecessor Successor
A
B
A
B
Precedence Diagramming Method (PDM)
• Example of PDM which showing logical relationship and leads or lags
• Other method to draw network diagram:
– Arrow Diagramming Method (ADM)
– GERT: allows loops between activities
Dependency Determination
To define sequence among activity, these type of dependency are used:
1. Mandatory (hard logic)
– Inherent in the nature of work being done or required by the contract
– E.g. You must design before you can develop
2. Discretionary (preferred, preferential, or soft logic)
– Define base on knowledge
– Can be changed if needed
– Important when how to shorten or re-sequence the project
3. External
– Based on the need t of the party outside the project
Network diagram
• ≠ PERT chart
• Shows just dependencies (logical relationship)
• Could show the critical path if activity duration estimates added
PERT »
PMD
EF = ES + D -1
LS = LF – D +1
Float (F) = LS – ES = LF – EF
ES = Early Start
LS = Latest Start
EF = Early Finish
LF = Late Finish
6.3 Estimate Activity Resources
• Process of estimating the type and quantities of material, people, equipment
or supplies required to perform each activity.
Inputs
1. Activity list
2. Activity attributes
3. Resource Calendars
4. Enterprise
environmental factors
5. Organizational process
assets
Tools &
Techniques
1. Expert judgment
2. Alternatives analysis
3. Published estimating
data
4. Bottom-up estimating
5. Project management
software
Outputs
1. Activity resource
requirements
2. Resource breakdown
structure
3. Project document
updates
Estimate Activity Resource (Tools & Techniques)
• Resource Calendar:
– Information (skill, location, etc) in which resource (people, equipment, material,
etc) are potentially available.
• Published estimating data:
– Use company’s rates
• Bottom up estimating:
– Activity is decomposed to be more confidence in estimating
6.4 Estimate Activity Durations
• Process of approximating the number of work periods to complete
individual activities with estimated resources.
• Schedule shall be as believable and realistic as possible (do not allow padding)
Inputs
1. Activity list
2. Activity attributes
3. Activity resource
requirements
4. Resource Calendars
5. Project scope statement
6. Enterprise
environmental factors
7. Organizational process
assets
Tools &
Techniques
1. Expert judgment
2. Analogous estimating
3. Parametric estimating
4. Three-point estimates
5. Reserve analysis
Outputs
1. Activity duration
estimates
2. Project document
updates
Estimate Activity Durations (Tools & Techniques)
• Analogous Estimating (Top down):
– use actual duration of previous activity (historical) that has similarity
• Parametric Estimating:
– use statistical relationship between historical data and other variables (e.g.
learning curve)
– The result can become heuristics (experience based technique/rule of thumb)
• Reserve analysis (buffer): includes contingency reserves
“A Buffer Isn’t Padding. Padding is extra time added to a schedule that you
don’t really think you need but that you add just to feel confident in the estimate.
Padding is when I take a conventional approach to building a Gantt chart, come
up with three months, but tell my boss four months.”
Mike Cohn – Agile Software Development
• Also called Program Evaluation and Review technique (PERT)
• Use for time and cost estimation
• Expected calculated from Most-likely, Optimistic, Pessimistic
• Range of estimate = EAD (Expected Activity Duration) +/- SD (Standard Deviation)
• Standard deviation cannot be sum.
• Variance used to calculate total SD of the project
3-Points Estimate (PERT)
Expected
6
Ο4ΜP 
Standard
Deviation
6
ΟP
Variance





 
6
ΟP 2
 varianceSD
Exercise: Tree-point estimates (PERT)
Activity
Duration Expected
Duration
(PERT)
Activity
Standard
Deviation
Variance
range
Range of
the estimate
P M O
A 3 5 1
B 8 4 2
C 15 8 5
D 20 10 5
Project (Total) -
Exercise: PERT - Most tricky question
• Together with your team, you applied three-point estimation on a Critical path
which consists of two activities.
The following duration uncertainties are all calculated assuming a ±3 sigma
Confidence interval.
The duration uncertainty—defined as pessimistic minus optimistic estimate—of the
first activity is 18 days; the second estimate has an uncertainty of 24 days.
Applying the PERT formula for paths, what is the duration uncertainty of the entire
path?
A. 21 days
B. 30 days
C. 42 days
D. No statement is possible from the information given.
Exercise: PERT - Most tricky question (Answer)
• See that the question says that Duration Uncertainty is Pessimistic minus Optimistic in other
words P-O. We know that SD is (P-O ) / 6 , thus SD is "duration Certainty " / 6
Thus
For Path 1 : SD = 18/6 = 3
Variance = 3*3 = 9
For path 2 : SD = 24 /6 = 4
Variance = 4*4 = 16
Total Path Variance = 16 + 9 = 25
Sqrt (25) = 5
Meaning (P-O) / 6 = 5
(p-O) = 5 * 6
DURATION UNCERTAINTY = 30
6.5 Develop Schedule
• Process of analyzing activity sequences, durations, resource requirements,
and schedule constraints to create the project schedule.
Inputs
1. Activity list
2. Activity attributes
3. Project schedule
network diagram
4. Activity resource
requirements
5. Resource Calendars
6. Activity duration
estimates
7. Project scope statement
8. Enterprise
environmental factors
9. Organizational process
assets
Tools &
Techniques
1. Schedule network
analysis
2. Critical path method
3. Critical chain method
4. Resource leveling
5. What-if scenario
analysis
6. Applying leads and lags
7. Schedule compression
8. Scheduling tool
Outputs
1. Project schedule
2. Schedule baseline
3. Schedule data
4. Project document
updates
Critical Path
• Critical Path is the longest duration path
• Identify the shortest time needed to complete a project
• There can be more than one critical path
• We don’t want critical path, it increase risk
• Don’t leave a project with a negative float, you would compress the schedule
• Near-critical path is the path that has close in duration to critical path
• Float (Slack)
– Total float: the amount of time an activity can be delayed without delaying the
project end date or intermediary milestone.
– Free float: the amount of time an activity can be delayed without delaying the
early start date of its successor(s).
– Project float: the amount of time an activity can be delayed without delaying the
externally imposed project completion date required by customer/management.
Critical Path Method Basic
Activity Precedence Duration
A 2
B 3
C A 1
D B 4
E B 2
F C 1
G D,F 5
H E 2
I H 2
J G,I 0
K
• Dummy activity = 0 resource & 0 duration
• Critical activities
- all activities in the critical path
- Delay in the completion of these activities will lengthen the project
timescale
- Has float = 0
Critical Path using PDM
Calculation
• Forward Pass:
• ES + D = ES(successor)
• use highest value on join
• Backward Pass:
• LS – D (predecessor) = LS (predecessor)
• Use lowest value on join
Forward Pass
Backward Pass
Exercise
Questions:
• What is the critical path?
• What is critical path duration?
• What is float (slack) duration of activity A30?
Answers:
• -
• -
• -
• The longest duration path through the project considering both activity
dependencies and resource constraints.
• Network diagram and critical path are identified first
• Type of buffers
– Project buffer
– Feeding buffer
– Resource buffer
Critical Chain (Buffer Management) Method
06 projecttimemanagement
06 projecttimemanagement
06 projecttimemanagement
06 projecttimemanagement
• Analysis on effect of changes on a particular thing (assumption) on the
project which make activity duration change.
• Monte Carlo Simulation
Used when there is possibility that the critical path will be different
for a given set of project conditions.
– Using probability distribution for each activity or group of activities
– Using computer software
– Using three-point estimates and network diagram
– Help deal with “path convergence”
• Multiple paths converge into one or more activities (but adding risk)
What-if Scenario Analysis
• Fast Tracking
– Performing critical path activities in parallel.
– Usually increase risk and requires more attention to communication.
– May need a rework.
– E.g. Design is half finished and start coding.
• Crashing
– Analyze cost and schedule trade-offs.
– Determine most compression for least cost.
– Crash the tasks that cost the least first, focusing on minimizing project cost.
– Always results in increased cost.
Schedule Compression
Project Schedule
• Schedule can be shown with or without dependencies (logical
relationship).
• Presented as
– Summary form e.g. Master Schedule, Milestone schedule
– Detailed form
• Format:
– Network diagram
– Milestone chart
– Bar chart (Gantt chart)
Schedule Data
• Includes at least:
– Schedule milestone
– Schedule activities
– Activity attributes
– Assumptions & Constraints
• Additional information can be added, such as
– Resource histograms
– Cash-flow projections
– Order & delivery schedules
– Alternative schedules
6.6 Control Schedule
• Process of analyzing activity sequences, durations, resource requirements,
and schedule constraints to create the project schedule.
Inputs
1. Project Management
Plan
2. Project Schedule
3. Work performance
information
4. Organizational process
assets
Tools &
Techniques
1. Performance reviews
2. Variance Analysis
3. Project Management
Software
4. Resource leveling
5. What-if scenario
analysis
6. Adjusting leads & lags
7. Schedule compression
8. Schedule tooling
Outputs
1. Work performance
measurements
2. Organizational process
assets updates
3. Change requests
4. Project management
plan updates
5. Project document
updates
Thank You
Next topic:
Project Cost Management

More Related Content

PPTX
Introduction to Scrum
PPTX
Project Schedule Management - PMBOK6
PPTX
9.0 Project Resource Management Overview
PPTX
1 b. project monitoring and control
PPTX
PMP Training - 07 project cost management
PPT
Lecture5---Gantt Chart
PPT
What Is A Sprint Planning Meeting
PPTX
6.3 Sequence Activities
Introduction to Scrum
Project Schedule Management - PMBOK6
9.0 Project Resource Management Overview
1 b. project monitoring and control
PMP Training - 07 project cost management
Lecture5---Gantt Chart
What Is A Sprint Planning Meeting
6.3 Sequence Activities

What's hot (20)

PPT
Ch 9 project monitoring & control updated
PPT
06. Project Management Process Groups
PDF
Lecture 8 monitoring & controlling (1)
PDF
Gantt PERT and CPM
PPTX
Eot claims hr__may2012
PPTX
Agile Planning and Estimation
PDF
Project Time Management - PMBOK 5th Edition
PDF
requirement gathering
PPT
Project Scheduling, Planning and Risk Management
PPTX
Project communication management
PPTX
7.1 Plan Cost Management
PPT
Software Estimation Techniques
PDF
Introduction agile scrum methodology
PDF
Agile modeling
PPTX
Introduction to Agile Estimation & Planning
PPT
06 project time management
PPTX
The Spiral Model
PDF
Primavera p6 manual edited
ODP
Cost Estimation
PPTX
How to facilitate product backlog refinement sessions
Ch 9 project monitoring & control updated
06. Project Management Process Groups
Lecture 8 monitoring & controlling (1)
Gantt PERT and CPM
Eot claims hr__may2012
Agile Planning and Estimation
Project Time Management - PMBOK 5th Edition
requirement gathering
Project Scheduling, Planning and Risk Management
Project communication management
7.1 Plan Cost Management
Software Estimation Techniques
Introduction agile scrum methodology
Agile modeling
Introduction to Agile Estimation & Planning
06 project time management
The Spiral Model
Primavera p6 manual edited
Cost Estimation
How to facilitate product backlog refinement sessions
Ad

Viewers also liked (20)

PPTX
04 projectintegrationmanagement
PPSX
PMP Exam Preparation Course: 05 Project Time Management
PPSX
PMP Exam Preparation Course: 01 Project Management Framework
PPTX
07 projectcostmanagement
PPTX
09 projecthumanresourcemanagement
PPTX
08 projectqualitymanagement
PPTX
12 projectprocurementmanagement
PPTX
PMP Preparation 1 - Framework
PPT
13 project control & closing management
PPTX
04 projectintegrationmanagement
PPTX
10 projectcommunicationmanagement
PPTX
Project time management 1 final
PPT
Chap013
PPTX
Projectriskmanagement pmbok5
PPSX
Project initiating and planning
PPTX
Project Procurment Management
PPTX
01 introductiontoframework
PPTX
Project communication management
PDF
Project cost management
PPTX
PMP Prep 3 - Project Integration Management
04 projectintegrationmanagement
PMP Exam Preparation Course: 05 Project Time Management
PMP Exam Preparation Course: 01 Project Management Framework
07 projectcostmanagement
09 projecthumanresourcemanagement
08 projectqualitymanagement
12 projectprocurementmanagement
PMP Preparation 1 - Framework
13 project control & closing management
04 projectintegrationmanagement
10 projectcommunicationmanagement
Project time management 1 final
Chap013
Projectriskmanagement pmbok5
Project initiating and planning
Project Procurment Management
01 introductiontoframework
Project communication management
Project cost management
PMP Prep 3 - Project Integration Management
Ad

Similar to 06 projecttimemanagement (20)

PDF
Topic 11 - Project Schedule Management.pdf
PPTX
Project time Management Ch#6 Shahid.pptx
PPT
3- Project Time Management.ppt
PPT
Project Time Management
PPTX
Project Management: Project Schedule Management Knowledge Area
PPTX
Day 3 Schedule -walaa (3).pptx
PPSX
ABCs Of Project Time Management Planning Slides
PPT
L05 time management
PPTX
PMP Muzette Charles_Spring2019_Week3_Chapter6
PPTX
PMP Training - 06 project time management2
PDF
3. project time management
PDF
6 time PMBOK
PPT
chapter03------project tme managment.ppt
PPTX
5. PMP Training - Time management
PPT
Project Time Management ICTI.ppt
DOCX
Overview1) Overview – The continued discussion of project implem.docx
PPT
shjjxkkaiowooallsmxjjdhgfhhxnzmmzkmjx.ppt
PPTX
PPTX
Itpm ch6 project schedule management notes
PPTX
Project Time Management
Topic 11 - Project Schedule Management.pdf
Project time Management Ch#6 Shahid.pptx
3- Project Time Management.ppt
Project Time Management
Project Management: Project Schedule Management Knowledge Area
Day 3 Schedule -walaa (3).pptx
ABCs Of Project Time Management Planning Slides
L05 time management
PMP Muzette Charles_Spring2019_Week3_Chapter6
PMP Training - 06 project time management2
3. project time management
6 time PMBOK
chapter03------project tme managment.ppt
5. PMP Training - Time management
Project Time Management ICTI.ppt
Overview1) Overview – The continued discussion of project implem.docx
shjjxkkaiowooallsmxjjdhgfhhxnzmmzkmjx.ppt
Itpm ch6 project schedule management notes
Project Time Management

More from Dhamo daran (19)

PPT
Chap021
PPT
Chap020
PPT
Chap019
PPT
Chap018
PPT
Chap017
PPT
Chap016
PPT
Chap015
PPT
Chap014
PPT
Chap012
PPT
Chap011
PPT
Chap010
PPT
Chap009
PPT
Chap008
PPT
Chap007
PPT
Chap006
PPT
Chap005
PPT
Chap004
PPT
Chap003
PPT
Chap002
Chap021
Chap020
Chap019
Chap018
Chap017
Chap016
Chap015
Chap014
Chap012
Chap011
Chap010
Chap009
Chap008
Chap007
Chap006
Chap005
Chap004
Chap003
Chap002

Recently uploaded (20)

PDF
Insiders guide to clinical Medicine.pdf
PPTX
Week 4 Term 3 Study Techniques revisited.pptx
PDF
TR - Agricultural Crops Production NC III.pdf
PDF
Abdominal Access Techniques with Prof. Dr. R K Mishra
PDF
01-Introduction-to-Information-Management.pdf
PPTX
Final Presentation General Medicine 03-08-2024.pptx
PDF
The Lost Whites of Pakistan by Jahanzaib Mughal.pdf
PDF
2.FourierTransform-ShortQuestionswithAnswers.pdf
PDF
Module 4: Burden of Disease Tutorial Slides S2 2025
PDF
Basic Mud Logging Guide for educational purpose
PDF
O5-L3 Freight Transport Ops (International) V1.pdf
PDF
3rd Neelam Sanjeevareddy Memorial Lecture.pdf
PPTX
human mycosis Human fungal infections are called human mycosis..pptx
PDF
Supply Chain Operations Speaking Notes -ICLT Program
PDF
BÀI TẬP BỔ TRỢ 4 KỸ NĂNG TIẾNG ANH 9 GLOBAL SUCCESS - CẢ NĂM - BÁM SÁT FORM Đ...
PDF
Physiotherapy_for_Respiratory_and_Cardiac_Problems WEBBER.pdf
PPTX
The Healthy Child – Unit II | Child Health Nursing I | B.Sc Nursing 5th Semester
PPTX
Pharma ospi slides which help in ospi learning
PPTX
Cell Structure & Organelles in detailed.
PPTX
Microbial diseases, their pathogenesis and prophylaxis
Insiders guide to clinical Medicine.pdf
Week 4 Term 3 Study Techniques revisited.pptx
TR - Agricultural Crops Production NC III.pdf
Abdominal Access Techniques with Prof. Dr. R K Mishra
01-Introduction-to-Information-Management.pdf
Final Presentation General Medicine 03-08-2024.pptx
The Lost Whites of Pakistan by Jahanzaib Mughal.pdf
2.FourierTransform-ShortQuestionswithAnswers.pdf
Module 4: Burden of Disease Tutorial Slides S2 2025
Basic Mud Logging Guide for educational purpose
O5-L3 Freight Transport Ops (International) V1.pdf
3rd Neelam Sanjeevareddy Memorial Lecture.pdf
human mycosis Human fungal infections are called human mycosis..pptx
Supply Chain Operations Speaking Notes -ICLT Program
BÀI TẬP BỔ TRỢ 4 KỸ NĂNG TIẾNG ANH 9 GLOBAL SUCCESS - CẢ NĂM - BÁM SÁT FORM Đ...
Physiotherapy_for_Respiratory_and_Cardiac_Problems WEBBER.pdf
The Healthy Child – Unit II | Child Health Nursing I | B.Sc Nursing 5th Semester
Pharma ospi slides which help in ospi learning
Cell Structure & Organelles in detailed.
Microbial diseases, their pathogenesis and prophylaxis

06 projecttimemanagement

  • 1. 6 - Project Time Management Project Management Training Created by ejlp12@gmail.com, June 2010
  • 2. Project Time Management Knowledge Area Process Initiating Planning Executing Monitoring & Control Closing Time Activity Definition Activity Sequencing Activity Resource Estimating Activity Duration Estimating Schedule Development Schedule Control Enter phase/ Start project Exit phase/ End project Initiating Processes Closing Processes Planning Processes Executing Processes Monitoring & Controlling Processes
  • 3. Project Time Management • The process required to manage timely completion of the project • Project time management start with planning by the project management team (not shown as a discrete process) • In small project, defining & sequencing activities, estimating activity resource & duration, developing schedule are viewed as a single process.
  • 4. 6.1 Define Activities • The process of identifying the specific actions to be performed produce the project deliverables. • Work package decomposed into activities (schedule activities) Inputs 1. Scope baseline 2. Enterprise environmental factors 3. Organizational process assets Tools & Techniques 1. Decompositions 2. Rolling wave planning 3. Templates 4. Expert judgment Outputs 1. Activity list 2. Activity attributes 3. Milestone list In the real word sometime we skip define activities since we take WBS down to the activity level. This is not a wrong practice but not a PMBOK practice.
  • 5. Define Activities (Tools & Techniques) • Rolling Wave Planning: progressive elaboration planning where you do not to plan activities until you start the project management process for that phase is in the project life cycle • Activity Attributes: – Use for schedule development, selecting, ordering, sorting the planned schedule activities – Used to identify e.g. responsible person, place, level of effort (LOE), apportioned effort (AE) • Milestone: a significant point or event in the project. – Not a work activity – Checkpoint to help control the project – Additional milestone can be add in Sequence Activities & Develop Schedule process – The list can indicates the level of milestone (mandatory, optional, etc)
  • 6. 6.2 Sequence Activities • Process of identifying and documenting relationship among the project activities Inputs 1. Activity list 2. Activity attributes 3. Milestone list 4. Project scope statement 5. Organizational process assets Tools & Techniques 1. Precedence diagramming method (PDM) 2. Dependency determination 3. Applying leads and lags 4. Schedule network templates Outputs 1. Project schedule network diagram 2. Project document updates
  • 7. Precedence Diagramming Method (PDM) • Precedence Diagramming Method (PDM) or Activity-on-Node (AON) – Method used in Critical Path Methodology(CPM) – No dummy activities – Logical relationship: • Finish-to-Start (FS) • Finish-to-Finish (FF) • Start-to-Start (SS) • Start-to-Finish (SF)
  • 8. Applying Leads & Lags • Use leads and lags to support realistic and achievable project schedule. • Each activity is connected at least to one predecessor and one successor except the start and the end. • Leads. – May be added to start an activity before the predecessor activity is complete. • Lags – Inserted waiting time between activities A B C predecessor Successor A B A B
  • 9. Precedence Diagramming Method (PDM) • Example of PDM which showing logical relationship and leads or lags • Other method to draw network diagram: – Arrow Diagramming Method (ADM) – GERT: allows loops between activities
  • 10. Dependency Determination To define sequence among activity, these type of dependency are used: 1. Mandatory (hard logic) – Inherent in the nature of work being done or required by the contract – E.g. You must design before you can develop 2. Discretionary (preferred, preferential, or soft logic) – Define base on knowledge – Can be changed if needed – Important when how to shorten or re-sequence the project 3. External – Based on the need t of the party outside the project Network diagram • ≠ PERT chart • Shows just dependencies (logical relationship) • Could show the critical path if activity duration estimates added PERT »
  • 11. PMD EF = ES + D -1 LS = LF – D +1 Float (F) = LS – ES = LF – EF ES = Early Start LS = Latest Start EF = Early Finish LF = Late Finish
  • 12. 6.3 Estimate Activity Resources • Process of estimating the type and quantities of material, people, equipment or supplies required to perform each activity. Inputs 1. Activity list 2. Activity attributes 3. Resource Calendars 4. Enterprise environmental factors 5. Organizational process assets Tools & Techniques 1. Expert judgment 2. Alternatives analysis 3. Published estimating data 4. Bottom-up estimating 5. Project management software Outputs 1. Activity resource requirements 2. Resource breakdown structure 3. Project document updates
  • 13. Estimate Activity Resource (Tools & Techniques) • Resource Calendar: – Information (skill, location, etc) in which resource (people, equipment, material, etc) are potentially available. • Published estimating data: – Use company’s rates • Bottom up estimating: – Activity is decomposed to be more confidence in estimating
  • 14. 6.4 Estimate Activity Durations • Process of approximating the number of work periods to complete individual activities with estimated resources. • Schedule shall be as believable and realistic as possible (do not allow padding) Inputs 1. Activity list 2. Activity attributes 3. Activity resource requirements 4. Resource Calendars 5. Project scope statement 6. Enterprise environmental factors 7. Organizational process assets Tools & Techniques 1. Expert judgment 2. Analogous estimating 3. Parametric estimating 4. Three-point estimates 5. Reserve analysis Outputs 1. Activity duration estimates 2. Project document updates
  • 15. Estimate Activity Durations (Tools & Techniques) • Analogous Estimating (Top down): – use actual duration of previous activity (historical) that has similarity • Parametric Estimating: – use statistical relationship between historical data and other variables (e.g. learning curve) – The result can become heuristics (experience based technique/rule of thumb) • Reserve analysis (buffer): includes contingency reserves “A Buffer Isn’t Padding. Padding is extra time added to a schedule that you don’t really think you need but that you add just to feel confident in the estimate. Padding is when I take a conventional approach to building a Gantt chart, come up with three months, but tell my boss four months.” Mike Cohn – Agile Software Development
  • 16. • Also called Program Evaluation and Review technique (PERT) • Use for time and cost estimation • Expected calculated from Most-likely, Optimistic, Pessimistic • Range of estimate = EAD (Expected Activity Duration) +/- SD (Standard Deviation) • Standard deviation cannot be sum. • Variance used to calculate total SD of the project 3-Points Estimate (PERT) Expected 6 Ο4ΜP  Standard Deviation 6 ΟP Variance        6 ΟP 2  varianceSD
  • 17. Exercise: Tree-point estimates (PERT) Activity Duration Expected Duration (PERT) Activity Standard Deviation Variance range Range of the estimate P M O A 3 5 1 B 8 4 2 C 15 8 5 D 20 10 5 Project (Total) -
  • 18. Exercise: PERT - Most tricky question • Together with your team, you applied three-point estimation on a Critical path which consists of two activities. The following duration uncertainties are all calculated assuming a ±3 sigma Confidence interval. The duration uncertainty—defined as pessimistic minus optimistic estimate—of the first activity is 18 days; the second estimate has an uncertainty of 24 days. Applying the PERT formula for paths, what is the duration uncertainty of the entire path? A. 21 days B. 30 days C. 42 days D. No statement is possible from the information given.
  • 19. Exercise: PERT - Most tricky question (Answer) • See that the question says that Duration Uncertainty is Pessimistic minus Optimistic in other words P-O. We know that SD is (P-O ) / 6 , thus SD is "duration Certainty " / 6 Thus For Path 1 : SD = 18/6 = 3 Variance = 3*3 = 9 For path 2 : SD = 24 /6 = 4 Variance = 4*4 = 16 Total Path Variance = 16 + 9 = 25 Sqrt (25) = 5 Meaning (P-O) / 6 = 5 (p-O) = 5 * 6 DURATION UNCERTAINTY = 30
  • 20. 6.5 Develop Schedule • Process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule. Inputs 1. Activity list 2. Activity attributes 3. Project schedule network diagram 4. Activity resource requirements 5. Resource Calendars 6. Activity duration estimates 7. Project scope statement 8. Enterprise environmental factors 9. Organizational process assets Tools & Techniques 1. Schedule network analysis 2. Critical path method 3. Critical chain method 4. Resource leveling 5. What-if scenario analysis 6. Applying leads and lags 7. Schedule compression 8. Scheduling tool Outputs 1. Project schedule 2. Schedule baseline 3. Schedule data 4. Project document updates
  • 21. Critical Path • Critical Path is the longest duration path • Identify the shortest time needed to complete a project • There can be more than one critical path • We don’t want critical path, it increase risk • Don’t leave a project with a negative float, you would compress the schedule • Near-critical path is the path that has close in duration to critical path • Float (Slack) – Total float: the amount of time an activity can be delayed without delaying the project end date or intermediary milestone. – Free float: the amount of time an activity can be delayed without delaying the early start date of its successor(s). – Project float: the amount of time an activity can be delayed without delaying the externally imposed project completion date required by customer/management.
  • 22. Critical Path Method Basic Activity Precedence Duration A 2 B 3 C A 1 D B 4 E B 2 F C 1 G D,F 5 H E 2 I H 2 J G,I 0 K • Dummy activity = 0 resource & 0 duration • Critical activities - all activities in the critical path - Delay in the completion of these activities will lengthen the project timescale - Has float = 0
  • 23. Critical Path using PDM Calculation • Forward Pass: • ES + D = ES(successor) • use highest value on join • Backward Pass: • LS – D (predecessor) = LS (predecessor) • Use lowest value on join Forward Pass Backward Pass
  • 24. Exercise Questions: • What is the critical path? • What is critical path duration? • What is float (slack) duration of activity A30? Answers: • - • - • -
  • 25. • The longest duration path through the project considering both activity dependencies and resource constraints. • Network diagram and critical path are identified first • Type of buffers – Project buffer – Feeding buffer – Resource buffer Critical Chain (Buffer Management) Method
  • 30. • Analysis on effect of changes on a particular thing (assumption) on the project which make activity duration change. • Monte Carlo Simulation Used when there is possibility that the critical path will be different for a given set of project conditions. – Using probability distribution for each activity or group of activities – Using computer software – Using three-point estimates and network diagram – Help deal with “path convergence” • Multiple paths converge into one or more activities (but adding risk) What-if Scenario Analysis
  • 31. • Fast Tracking – Performing critical path activities in parallel. – Usually increase risk and requires more attention to communication. – May need a rework. – E.g. Design is half finished and start coding. • Crashing – Analyze cost and schedule trade-offs. – Determine most compression for least cost. – Crash the tasks that cost the least first, focusing on minimizing project cost. – Always results in increased cost. Schedule Compression
  • 32. Project Schedule • Schedule can be shown with or without dependencies (logical relationship). • Presented as – Summary form e.g. Master Schedule, Milestone schedule – Detailed form • Format: – Network diagram – Milestone chart – Bar chart (Gantt chart)
  • 33. Schedule Data • Includes at least: – Schedule milestone – Schedule activities – Activity attributes – Assumptions & Constraints • Additional information can be added, such as – Resource histograms – Cash-flow projections – Order & delivery schedules – Alternative schedules
  • 34. 6.6 Control Schedule • Process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule. Inputs 1. Project Management Plan 2. Project Schedule 3. Work performance information 4. Organizational process assets Tools & Techniques 1. Performance reviews 2. Variance Analysis 3. Project Management Software 4. Resource leveling 5. What-if scenario analysis 6. Adjusting leads & lags 7. Schedule compression 8. Schedule tooling Outputs 1. Work performance measurements 2. Organizational process assets updates 3. Change requests 4. Project management plan updates 5. Project document updates
  • 35. Thank You Next topic: Project Cost Management

Editor's Notes

  • #26: Revise this slide!
  • #31: Revise this slide!
  • #32: Revise this slide!