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Project Time Management
Sections of this presentation were adapted from A Guide to the Project
Management Body of Knowledge 5th Edition, Project Management Institute
Inc., © 2013
Project Time Management
“The processes required to accomplish timely completion of the
project”
Why Time Management is Important?
Part of triple constraint, can’t manage one without the
others (scope, time, and quality)
How to Manage Time?
Sven processes in order
1. Plan Schedule Management
2. Define Activities
3. Sequence Activities
4. Estimate Activity Resources
5. Estimate Activity Durations
6. Develop Schedule
7. Control Schedule
Define
Activities
Sequence
Activities
Estimate
Activity
Resources
Estimate
Activity
Durations
Develop
Schedule
Control
Schedule
Plan Schedule
Management
Plan Schedule Management
 Expert judgment
 .Analytical techniques
 .Meetings
Tools & Techniques
Inputs
Output
Define
Activities
Sequence
Activities
Estimate
Activity
Resources
Estimate
Activity
Durations
Develop
Schedule
Control
Schedule
Plan Schedule
Management
Project management
plan
Project charter
Enterpriseenvironmental
factors
Organizational process
assets
Schedule management
plan
Define Activities
Enterprise Environmental
Factors
Organizational
Process Assets
Project Scope
Statement
 Decomposition
 Templates
 Rolling wave planning
 Expert judgment
 Planning component
Tools & Techniques
Work Breakdown
Structure
WBS Dictionary
Project
Management Plan
Activity List
Activity Attributes
Milestone List
Requested Changes
Inputs
Outputs
Define
Activities
Sequence
Activities
Estimate
Activity
Resources
Estimate
Activity
Durations
Develop
Schedule
Control
Schedule
Plan Schedule
Management
Schedule Management
Define Activities
Rolling Wave Planning – Progressive planning where near
term work is broken down in detail and distant work is
kept at a higher WBS level
Planning Component – WBS items that cannot be broken
down into work packages are put in a:
• Control Account – High level planning dates for the scope to be defined
• Planning Package – Package includes scope to be completed but no activities.
Sequence Activities
Project Scope
Statement
Activity List
Activity
Attributes
 Precedence diagramming
method (PDM-AON)
 Arrow diagramming method
(ADM-AOA)
 Schedule network
templates
 Dependency determination
 Applying leads and lags
Tools & Techniques
Milestone List
Enterprise environmental
factors
Organizational process
assets
Project Schedule
Network Diagrams
Project Document
Updates :Activity List
Updates/Activity
Attributes/Requested
Changes
Inputs
Outputs
Define
Activities
Sequence
Activities
Estimate
Activity
Resources
Estimate
Activity
Durations
Develop
Schedule
Control
Schedule
Plan Schedule
Management
Schedule Management
9
Project Network Diagrams
 show the precedence relationships among
activities
 help to understand the flow of work in a
project
 a useful tool for project planning and
control, as well as for scheduling
“A picture is worth a thousand words”
Building the Network
1- Precedence diagramming method
 called also (Activity on Node) AON Network
 emphasizes activities
 no dummy activities
2-Arrod Diagraming Method
 Called also (Activity on Arrow) AOA Networks
 sometimes requires dummy activities
 emphasizes events; milestones can be easily flagged
Activity on Node (AON)
 Activity on Node (AON) showcases the inter-dependencies among
various project activities.
 This technique is used to draw the project schedule network
diagrams; e.g. Critical Path Network Diagram to identify the
Critical path and the float for each activity
 In an AON diagram, each rectangle box represents a node and a
definable achievement in the project.
 These boxes portray the project dependencies.
 Boxes have zero duration and does not consume any resource.
 AON emphasizes activities and does not involve dummy activities
On the internet you can see many videos, this is one of these:
http://www.youtube.com/watch?v=nLiAvW7Xvq4
AON Network 2:
 Activity on Node uses four types of dependencies.
 Finish to Start (FS): The end of one activity is required for the start
of the next one. This is the most common dependency
 Finish to Finish (FF): The end of the first activity is required for the
second activity to finish
 Start To Start (SS): The second activity starts only after the first
activity has started
 Start to Finish (SF): second activity cannot be finished until first
activity starts.
Finish-to-Start
Linkage (FS)
Start-to-Start
Linkage (SS)
Finish-to-Finish
Linkage (FF)
Start-to-Finish
Linkage (SF)
Activity 1
Activity 2
Activity 1
Activity 2
Activity 1
Activity 2
Activity 1
Activity 2
 Finish to Start (FS): The end of one
activity is required for the start of the
next one. This is the most common
dependency
 Finish to Finish (FF): The end of the
first activity is required for the second
activity to finish
 Start To Start (SS): The second activity
starts only after the first activity has
started
 Start to Finish (SF): second activity
cannot be finished until first activity
starts.
Activity on Node uses four types of dependencies.
AON Network (cont.)
Activity on Arrow (AOA)
 The length of the arrow has no significance neither has its
orientation.
 As means of further defining the point in time when an activity
starts or finishes, start and finish events are added.
 An Node(= event), unlike an activity, does not consume time or
resources, it merely represents a point in time at which something
or some things happen.
 Unique numbers are given to each activity.
 The first event in a project schedule is the start of the project. The
last event in a project schedule is the end of the project
Drawing networks
Activities on nodes (AoN)
A B
Activities on arrows (AoA)
A B
 Dummy activities – For representing logical relationships, you may need
dummies
In AoA, any 2 events in network can be directly connected to only one activity.
Wrong: Right:
15PROJECT MANAGEMENT
1 2
x
y
z
1 2
3
x y
zDummy
Drawing networks (cont.)
Many computer programs require one initial event and one exit/final event
What’s wrong with this? Can you explain?
16PROJECT MANAGEMENT
0
1
2
58
59
60
15
17 16
A
B
x
y
Dummy start Dummy stop
B
C
A
Many
activities
Many
activities
Many
activities
Dummy start Dummy stop
17
If there is a loop, it indicates a fault logic. There can not be a looping.
A E
D
CB
6/7/2014 11:36 PM 18
60
70
80
20 40
30
50
A
B
What is wrong with this activity naming?
19
60
70
80
20 40
30
50
45
There should be unique numbering and here we need dummies
A
B
Estimate Activity Resources
Expert judgment
Alternatives analysis
Published estimating data
Project management
software
Bottom-up estimating
Inputs
OutputsTools & Techniques
Inputs
Outputs
Define
Activities
Sequence
Activities
Estimate
Activity
Resources
Estimate
Activity
Durations
Develop
Schedule
Control
Schedule
Plan Schedule
Management
Schedule management
plan
Activity list
Activity attributes
Resource calendars
Risk register
Activity cost estimates
Enterprise environmental
factors
Organizational process
assets
Activity resource
requirements
Resource breakdown
structure
Project documents
updates
Estimate Activity Durations
 Expert judgment
 Analogous estimating
 Parametric estimating
 Three-point estimates
 Reserve Analysis
 Group Decision-making
Techniques
Tools & Techniques
Activity Duration
Estimates
Project Document
updates
Inputs
Outputs
Define
Activities
Sequence
Activities
Estimate
Activity
Resources
Estimate
Activity
Durations
Develop
Schedule
Control
Schedule
Plan Schedule
Management
Schedule management
plan
Activity list
Activity attributes
.Activity resource
requirements
Resource calendars
Project scope statement
Risk register
Resource breakdown
structure
Enterprise environmental
factors
Organizational process
assets
Estimating Methods
CPM (Critical Path Method)
• One time estimate per task
• Controls cost with flexible schedule
• Only on AOA networks (can have dummies)
• Not the same thing as schedule critical path
PERT (Program Evaluation and Review Technique)
• Three estimates per activity (Optimistic, Pessimistic, most likely)
• Emphasis on meeting schedule with flexible cost
• Only on AOA networks (can have dummies)
Critical Path
• Longest time through the network diagram, the shortest
time the project is expected to take
Slack (or Float)
• The amount of time a task can be delayed without
impacting the project
• Calculated using:
– Late Start – Early Start (LS-ES)
Or
– Late Finish – Early Finish (LF-EF)
• Early Starts computed by making a “forward pass”
through the network while late starts are computed using a
“backward pass”
Estimating Methods
Critical Path-Definition
 The critical path is defined as the longest path in the
diagram
 If one of the activities on the critical path is delayed
the entire project is delayed!
 It is important to determine if the project will be
delayed if an activity is delayed.
 If the activity is on any critical path the answer is
Yes!
 If not, it depends on if the delay makes the activity
create a new critical path. If not, the answer is No!
Estimating with PERT
PERT Formula (Expected Duration)
• =(P+4M+O)/6
Standard Deviation = (P-O)/6
Variance = [(P-O)/6]2
Task O
Optimistic
M
Most Likely
P
Pessimistic
PERT
(Expected
Duration)
Std Dev Variance
A 2
days
4
days
8
days
4.3
days
1
day
1
day
Develop Schedule
Schedule network analysis
Critical path method
Schedule compression
What-if analysis
Resource leveling
Critical chain method
Project management
software
Applying calendars
Adjustable leads and lags
Schedule model
Inputs
Tools & Techniques
Inputs
Outputs
Define
Activities
Sequence
Activities
Estimate
Activity
Resources
Estimate
Activity
Durations
Develop
Schedule
Control
Schedule
Plan Schedule
Management
Schedule management
plan
Activity list
Activity attributes
Project schedule
network diagrams
Activity resource
requirements
Resource calendars
Activity duration
estimates
Project scope statement
Risk register
Project staff assignments
Resource breakdown
structure
Enterprise environmental
factors
Organizational process assets
Schedule baseline
Project schedule
Schedule data
Project calendars
Project management
plan
updates
Project documents
updates
A Sample Set of Project Activities and Precedences
Task Predecessor
a -
b -
c a
d b
e b
f c,d
g e
Let‘s Built a Network
AON Network- Stage 1
A
B
Start
A
B
Start
C
D
E
AON Network- Stage 2
A
B
Start
C
D
E
F
G
Finish
AON Network- Stage 1-
Completed
AOA Network- Stage 1
Start
A
B
1
2
Start
A
B
1
2
3
4
5
D
E
C
AOA Network- Stage 2
Start
A
B
1
2
3
4
D
E
C
F
G
Finish
AOA Network- Stage 3-
Completed
Critical Path-Example
A C D
B E F
Start Finish
4 Weeks3 Weeks 2 Weeks
4 Weeks
1 Week 3 Weeks
Critical Path
Start – B – E – F – Finish: 8 weeks
Start – A – C – D – Finish: 9 weeks
Start – B – C – D – Finish: 10 weeks
 The critical path is path B-C-D that which is of 10
weeks. WHY?
 if activity D is delayed 1 week, the project will be
delayed with 1 week.
 But if activity E is delayed 1 week, it will not delay
the project WHY?
Information Contents in an AON Node
Activity Name
Earliest Start Time (EST) Earliest Finish Time (EFT)
Latest Start Time (LST) Latest Finish Time (LFT)
Duration
Total Float
Critical Path Determination
EFT=EST+DUR-1
LST=LFT-DUR+1
Total Float=Slack=LFT-EFT or LST-EST
Critical Path=A-C-D
Non-Critical Path=A-B-D
10
5 5
56
1 16
15106
15 30
15
16 0 30
5
6 0
11 15
1 0 5
A
B
C
D
Control Schedule
 Schedule network
analysis
 Critical path method
 Schedule compression
 What-if analysis
 Resource leveling
 Critical chain method
 Project management
software
 Applying calendars
 Adjustable leads and lags
 Scheduling tool
Tools & Techniques
Inputs
Outputs
Define
Activities
Sequence
Activities
Estimate
Activity
Resources
Estimate
Activity
Durations
Develop
Schedule
Control
Schedule
Plan Schedule
Management
Project management plan
Project schedule
Work performance data
Project calendars
Schedule data
Organizational process
assets
Work performance
information
.Schedule forecasts
.Change requests
Project management plan
updates
.Project documents
updates
.Organizational process
assets updates
Gantt Charts
 It was developed as a tool for scheduling work
in factories by Henri Gannt in 1917
 The main purpose of a Gantt chart is to display
the schedule of activities
 They are easy to understand
 They are flexible in that you can also show other
information on the chart, such as resources
required, who is responsible, critical activities,
percent complete, etc.
All project management software includes Gantt
charts
Gantt Chart-ex.1
http://www.matchware.com/images/special/gantt-chart-template-640.jpg
Gantt Chart-ex 2
http://www.matchware.com/images/special/gantt-chart-template-640.jpg
AON using earliest possible start of the activities
AON using latest possible start of the activities
Ghant Chart with Floats
 A project usually have tens of activities and might have much
more complex dependencies than this example,
 Project managers usually use software to set up the activities
and dependencies and let the software calculate the critical
path(s).
 If an activity is delayed the project manager can enter the
delay in the software and see how it affects the overall finish
of the project.
 If the project is delayed the project manager can use the
software to rearrange activities, dependencies or suggest
additional activities as needed to bring the project back on
track.
 The critical path is critical to the Time Management
knowledge area.
 Make sure you know how to use it correctly whenyou manage
a project.
Important to Notice
Other Important Terms
Lag – Inserted waiting time between tasks
Free Slack – Available delay time without impacting start of
successor
Total Slack – Amount of time a task can be delayed without
delaying project completion date
Project Slack – Amount of time a project can be delayed without
impacting completion dates imposed by client
Crashing – Adding resources to critical path items to shorten
schedule
Fast Tracking – Performing critical path tasks in parallel rather
than series
Resource Leveling – Adjusting completion dates of tasks to meet
available resources
Heuristics – Rules of thumb
Individual Homework
Given the information provided by Instructor please construct a Gantt
chart, with overlaps as specified. You should use a computer software
package

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Project Time Management

  • 1. Project Time Management Sections of this presentation were adapted from A Guide to the Project Management Body of Knowledge 5th Edition, Project Management Institute Inc., © 2013
  • 2. Project Time Management “The processes required to accomplish timely completion of the project”
  • 3. Why Time Management is Important? Part of triple constraint, can’t manage one without the others (scope, time, and quality)
  • 4. How to Manage Time? Sven processes in order 1. Plan Schedule Management 2. Define Activities 3. Sequence Activities 4. Estimate Activity Resources 5. Estimate Activity Durations 6. Develop Schedule 7. Control Schedule Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule Plan Schedule Management
  • 5. Plan Schedule Management  Expert judgment  .Analytical techniques  .Meetings Tools & Techniques Inputs Output Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule Plan Schedule Management Project management plan Project charter Enterpriseenvironmental factors Organizational process assets Schedule management plan
  • 6. Define Activities Enterprise Environmental Factors Organizational Process Assets Project Scope Statement  Decomposition  Templates  Rolling wave planning  Expert judgment  Planning component Tools & Techniques Work Breakdown Structure WBS Dictionary Project Management Plan Activity List Activity Attributes Milestone List Requested Changes Inputs Outputs Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule Plan Schedule Management Schedule Management
  • 7. Define Activities Rolling Wave Planning – Progressive planning where near term work is broken down in detail and distant work is kept at a higher WBS level Planning Component – WBS items that cannot be broken down into work packages are put in a: • Control Account – High level planning dates for the scope to be defined • Planning Package – Package includes scope to be completed but no activities.
  • 8. Sequence Activities Project Scope Statement Activity List Activity Attributes  Precedence diagramming method (PDM-AON)  Arrow diagramming method (ADM-AOA)  Schedule network templates  Dependency determination  Applying leads and lags Tools & Techniques Milestone List Enterprise environmental factors Organizational process assets Project Schedule Network Diagrams Project Document Updates :Activity List Updates/Activity Attributes/Requested Changes Inputs Outputs Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule Plan Schedule Management Schedule Management
  • 9. 9 Project Network Diagrams  show the precedence relationships among activities  help to understand the flow of work in a project  a useful tool for project planning and control, as well as for scheduling “A picture is worth a thousand words”
  • 10. Building the Network 1- Precedence diagramming method  called also (Activity on Node) AON Network  emphasizes activities  no dummy activities 2-Arrod Diagraming Method  Called also (Activity on Arrow) AOA Networks  sometimes requires dummy activities  emphasizes events; milestones can be easily flagged
  • 11. Activity on Node (AON)  Activity on Node (AON) showcases the inter-dependencies among various project activities.  This technique is used to draw the project schedule network diagrams; e.g. Critical Path Network Diagram to identify the Critical path and the float for each activity  In an AON diagram, each rectangle box represents a node and a definable achievement in the project.  These boxes portray the project dependencies.  Boxes have zero duration and does not consume any resource.  AON emphasizes activities and does not involve dummy activities On the internet you can see many videos, this is one of these: http://www.youtube.com/watch?v=nLiAvW7Xvq4
  • 12. AON Network 2:  Activity on Node uses four types of dependencies.  Finish to Start (FS): The end of one activity is required for the start of the next one. This is the most common dependency  Finish to Finish (FF): The end of the first activity is required for the second activity to finish  Start To Start (SS): The second activity starts only after the first activity has started  Start to Finish (SF): second activity cannot be finished until first activity starts.
  • 13. Finish-to-Start Linkage (FS) Start-to-Start Linkage (SS) Finish-to-Finish Linkage (FF) Start-to-Finish Linkage (SF) Activity 1 Activity 2 Activity 1 Activity 2 Activity 1 Activity 2 Activity 1 Activity 2  Finish to Start (FS): The end of one activity is required for the start of the next one. This is the most common dependency  Finish to Finish (FF): The end of the first activity is required for the second activity to finish  Start To Start (SS): The second activity starts only after the first activity has started  Start to Finish (SF): second activity cannot be finished until first activity starts. Activity on Node uses four types of dependencies. AON Network (cont.)
  • 14. Activity on Arrow (AOA)  The length of the arrow has no significance neither has its orientation.  As means of further defining the point in time when an activity starts or finishes, start and finish events are added.  An Node(= event), unlike an activity, does not consume time or resources, it merely represents a point in time at which something or some things happen.  Unique numbers are given to each activity.  The first event in a project schedule is the start of the project. The last event in a project schedule is the end of the project
  • 15. Drawing networks Activities on nodes (AoN) A B Activities on arrows (AoA) A B  Dummy activities – For representing logical relationships, you may need dummies In AoA, any 2 events in network can be directly connected to only one activity. Wrong: Right: 15PROJECT MANAGEMENT 1 2 x y z 1 2 3 x y zDummy
  • 16. Drawing networks (cont.) Many computer programs require one initial event and one exit/final event What’s wrong with this? Can you explain? 16PROJECT MANAGEMENT 0 1 2 58 59 60 15 17 16 A B x y Dummy start Dummy stop B C A Many activities Many activities Many activities Dummy start Dummy stop
  • 17. 17 If there is a loop, it indicates a fault logic. There can not be a looping. A E D CB
  • 18. 6/7/2014 11:36 PM 18 60 70 80 20 40 30 50 A B What is wrong with this activity naming?
  • 19. 19 60 70 80 20 40 30 50 45 There should be unique numbering and here we need dummies A B
  • 20. Estimate Activity Resources Expert judgment Alternatives analysis Published estimating data Project management software Bottom-up estimating Inputs OutputsTools & Techniques Inputs Outputs Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule Plan Schedule Management Schedule management plan Activity list Activity attributes Resource calendars Risk register Activity cost estimates Enterprise environmental factors Organizational process assets Activity resource requirements Resource breakdown structure Project documents updates
  • 21. Estimate Activity Durations  Expert judgment  Analogous estimating  Parametric estimating  Three-point estimates  Reserve Analysis  Group Decision-making Techniques Tools & Techniques Activity Duration Estimates Project Document updates Inputs Outputs Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule Plan Schedule Management Schedule management plan Activity list Activity attributes .Activity resource requirements Resource calendars Project scope statement Risk register Resource breakdown structure Enterprise environmental factors Organizational process assets
  • 22. Estimating Methods CPM (Critical Path Method) • One time estimate per task • Controls cost with flexible schedule • Only on AOA networks (can have dummies) • Not the same thing as schedule critical path PERT (Program Evaluation and Review Technique) • Three estimates per activity (Optimistic, Pessimistic, most likely) • Emphasis on meeting schedule with flexible cost • Only on AOA networks (can have dummies)
  • 23. Critical Path • Longest time through the network diagram, the shortest time the project is expected to take Slack (or Float) • The amount of time a task can be delayed without impacting the project • Calculated using: – Late Start – Early Start (LS-ES) Or – Late Finish – Early Finish (LF-EF) • Early Starts computed by making a “forward pass” through the network while late starts are computed using a “backward pass” Estimating Methods
  • 24. Critical Path-Definition  The critical path is defined as the longest path in the diagram  If one of the activities on the critical path is delayed the entire project is delayed!  It is important to determine if the project will be delayed if an activity is delayed.  If the activity is on any critical path the answer is Yes!  If not, it depends on if the delay makes the activity create a new critical path. If not, the answer is No!
  • 25. Estimating with PERT PERT Formula (Expected Duration) • =(P+4M+O)/6 Standard Deviation = (P-O)/6 Variance = [(P-O)/6]2 Task O Optimistic M Most Likely P Pessimistic PERT (Expected Duration) Std Dev Variance A 2 days 4 days 8 days 4.3 days 1 day 1 day
  • 26. Develop Schedule Schedule network analysis Critical path method Schedule compression What-if analysis Resource leveling Critical chain method Project management software Applying calendars Adjustable leads and lags Schedule model Inputs Tools & Techniques Inputs Outputs Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule Plan Schedule Management Schedule management plan Activity list Activity attributes Project schedule network diagrams Activity resource requirements Resource calendars Activity duration estimates Project scope statement Risk register Project staff assignments Resource breakdown structure Enterprise environmental factors Organizational process assets Schedule baseline Project schedule Schedule data Project calendars Project management plan updates Project documents updates
  • 27. A Sample Set of Project Activities and Precedences Task Predecessor a - b - c a d b e b f c,d g e Let‘s Built a Network
  • 28. AON Network- Stage 1 A B Start
  • 31. AOA Network- Stage 1 Start A B 1 2
  • 34. Critical Path-Example A C D B E F Start Finish 4 Weeks3 Weeks 2 Weeks 4 Weeks 1 Week 3 Weeks
  • 35. Critical Path Start – B – E – F – Finish: 8 weeks Start – A – C – D – Finish: 9 weeks Start – B – C – D – Finish: 10 weeks  The critical path is path B-C-D that which is of 10 weeks. WHY?  if activity D is delayed 1 week, the project will be delayed with 1 week.  But if activity E is delayed 1 week, it will not delay the project WHY?
  • 36. Information Contents in an AON Node Activity Name Earliest Start Time (EST) Earliest Finish Time (EFT) Latest Start Time (LST) Latest Finish Time (LFT) Duration Total Float
  • 37. Critical Path Determination EFT=EST+DUR-1 LST=LFT-DUR+1 Total Float=Slack=LFT-EFT or LST-EST Critical Path=A-C-D Non-Critical Path=A-B-D 10 5 5 56 1 16 15106 15 30 15 16 0 30 5 6 0 11 15 1 0 5 A B C D
  • 38. Control Schedule  Schedule network analysis  Critical path method  Schedule compression  What-if analysis  Resource leveling  Critical chain method  Project management software  Applying calendars  Adjustable leads and lags  Scheduling tool Tools & Techniques Inputs Outputs Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule Plan Schedule Management Project management plan Project schedule Work performance data Project calendars Schedule data Organizational process assets Work performance information .Schedule forecasts .Change requests Project management plan updates .Project documents updates .Organizational process assets updates
  • 39. Gantt Charts  It was developed as a tool for scheduling work in factories by Henri Gannt in 1917  The main purpose of a Gantt chart is to display the schedule of activities  They are easy to understand  They are flexible in that you can also show other information on the chart, such as resources required, who is responsible, critical activities, percent complete, etc. All project management software includes Gantt charts
  • 42. AON using earliest possible start of the activities
  • 43. AON using latest possible start of the activities
  • 45.  A project usually have tens of activities and might have much more complex dependencies than this example,  Project managers usually use software to set up the activities and dependencies and let the software calculate the critical path(s).  If an activity is delayed the project manager can enter the delay in the software and see how it affects the overall finish of the project.  If the project is delayed the project manager can use the software to rearrange activities, dependencies or suggest additional activities as needed to bring the project back on track.  The critical path is critical to the Time Management knowledge area.  Make sure you know how to use it correctly whenyou manage a project. Important to Notice
  • 46. Other Important Terms Lag – Inserted waiting time between tasks Free Slack – Available delay time without impacting start of successor Total Slack – Amount of time a task can be delayed without delaying project completion date Project Slack – Amount of time a project can be delayed without impacting completion dates imposed by client Crashing – Adding resources to critical path items to shorten schedule Fast Tracking – Performing critical path tasks in parallel rather than series Resource Leveling – Adjusting completion dates of tasks to meet available resources Heuristics – Rules of thumb
  • 47. Individual Homework Given the information provided by Instructor please construct a Gantt chart, with overlaps as specified. You should use a computer software package