5.time MGMT
5.time MGMT
5.time MGMT
Chapter 8
An old joke when it comes to project
time management
In practice:
“Sticky notes” can help sequence events. Put your
activities on sticky notes and then plot them out on a
white board. Draw arrows to show the relationship
between activities. Want to make a change? It’s easy to
rearrange the notes and the relationships
Scheduling
• Schedule is the conversion of a project action
plan into an operating timetable
• Basis for monitoring a project
• One of the major project management tools
• Work changes daily, so a detailed plan is
essential
• Not all project activities need to be scheduled at
the same level of detail
Scheduling
• Most of the scheduling is at the WBS level,
not the work package level
• Only the most critical work packages may be
shown on the schedule
• Most of the scheduling is based on network
drawings
The project network
A flow chart that graphically depicts the sequence,
interdependencies, and start and finish times of
the project job plan of activities
• Provides the basis for scheduling labor and equipment
• Enhances communication among project participants
• Provides an estimate of the project’s duration
• Provides a basis for budgeting cash flow
• Highlights “critical” activities and that can not be delayed
• Help managers get and stay on plan
Network scheduling advantage
• Consistent framework
• Shows interdependences
• Shows when resources are needed
• Ensures proper communication
• Determines expected completion date
• Identifies critical activities
Network scheduling advantage
• Shows which of the activities can be delayed
• Determines start dates
• Shows which task must be coordinated
• Shows which task can be run parallel
• Relieves some conflict
• Allows probabilistic estimates
Network scheduling techniques:
PERT and CPM
A C
D
Terminology
• Activity on Arrow - Arrows represent
activities while nodes stand for events
• Activity on Node - Nodes stand for
events and arrows show precedence
AON and AOA Format
Activity
Late start Late finish
duration
Duration estimation methods
• Past experience
• Expert opinion
• Mathematical derivation – Beta distribution
• Most likely (m)
• Most pessimistic (b)
• Most optimistic (a)
TE =
( a + 4m + b )
6
( b − a)
2
σ =
2
6
σ= σ 2
The results
Critical path and time
Calculate:
1. The network.
2. All expected activity
times, variances, and
slacks.
3. The critical path and
expected completion time.
4. The probability the
project will be done in 23
days.