SlideShare a Scribd company logo
1 of 54
Project time management
Chapter 8
An old joke when it comes to project
time management
“The first 90 percent of a project
schedule takes 90 percent of the time.
The last 10 percent takes the other 90
percent of the time.”
Components of project time management
Creating activity list
• Creating the activity list relies on several
completed documents, knowledge, and actions.
Uses the following as inputs to the process:
• WBS
• Scope statement (description of the required work, and only
the required work, to complete the project)
• Historical information
• Constraints ( deadline, cost)
• Assumptions ( resources availability, weather condition)
• Expert judgment
Mapping the activities
• Once the activity list has been created, the
activities must be arranged in a logical sequence
• This process calls on the project manager and the
project team to identify the logical relationships
between activities
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
• The program evaluation and review technique
(PERT), was developed for the Polaris
missile/submarine project in 1958
• Critical path method (CPM), developed by DuPont
during the same time
Terminology
• Activity: an element of the project
that requires time
• Merge activity: an activity that has
two or more preceding activities on
which it depends
• Parallel activities: activities that can
occur independently and, if desired,
not at the same time
• Sequential activities: one activity must
be completed before the next one can
begin
A
C
DB
Terminology
• Immediate predecessor: an activity that must be
completed just before a particular activity can begin
• Event: the result of completing one or more activities
• Network: the combination of all activities and events
that define a project
• drawn left-to-right
• connections represent predecessors
• Path: a series of connected activities
• Critical: an activity, event, or path which, if delayed,
will delay the completion of the project
Terminology
• Critical path: the path through the project where, if
any activity is delayed, the project is delayed
• There is always a critical path
• There can be more than one critical path
• Burst activity: an activity that has more than one
activity immediately following it (more than one
dependency arrow flowing from it)
B
D
A C
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 network, AON
format
Activity network, AOA
format
Constructing the network
• Begin with START activity
• Add activities without precedences as
nodes
• There will always be one
• May be more
• Add activities that have those activities
as precedences
• Continue
Constructing the critical path
• Forward pass – an additive move
through the network from start to finish
• Backward pass – a subtractive move
through the network from finish to start
• Critical path – the longest path from end
to end which determines the shortest
project length
Rules for forward/backward pass
Forward Pass Rules (ES & EF)
• ES + Duration = EF
• EF of predecessor = ES of successor
• Largest preceding EF at a merge point
becomes ES for successor
Backward Pass Rules (LS & LF)
• LF – Duration = LS
• LS of successor = LF of predecessor
• Smallest succeeding LS at a burst point
becomes LF for predecessor
Node labels
Early start ID number Early finish
Activity float Activity descriptor
Late start
Activity
duration
Late finish
Duration estimation methods
• Past experience
• Expert opinion
• Mathematical derivation – Beta distribution
• Most likely (m)
• Most pessimistic (b)
• Most optimistic (a)
TE: Estimated time for activity
σ: variance for activity duration
Solving the network
AON network
Calculating activity times
( )
( )
2
2
2
6
6
4
σσ
σ
=





 −
=
++
=
ab
bma
TE
The results
Critical path and time
AON network, showing activation duration and variance
Critical path and time
Critical path and time
AON network, showing earliest and latest start and finish
times, and critical path
The longest of the paths through the network is a-d-j using
43 days, which means that 43 days is the shortest time in
which the entire network can be completed. This is called
the critical time of the network, and a-d-j is the critical path,
usually shown as a heavy line
Slack
• Free slack (or Float)
• Is the amount of time an activity can be delayed after
the start of a longer parallel activity or activities
• 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
• Sensitivity
• The likelihood the original critical path(s) will change
once the project is initiated
Slack
Slack
The project has a critical time of 43
days. Activity i must be finished by
day 43. Also activity i requires 18
days to be accomplished. i must be
started not later than day 25 ( 43-
18 = 25) if the project is to be
complete on day 43. Because i
cannot begin until activities g and h
have finished, the latest time (LF)
for each of these is also day 25.
Slack
The difference between the LS and the ES for an activity is
called its float or slack. In the case of activity i, it must be
started no later than day 25, but could be started as early as
day 24, so it has one day of slack. It should be immediately
obvious that all activities on the critical path have zero slack.
Zero slack activities cannot be delayed without making the
Slack
Another example,
consider activity f. Its
ES is day 20, which is
equal to the EF of its
predecessor activity b.
The LS for activity f is
43 -14=29.
If f is started later than
day 29, it will delay the
entire project.
Activity f has slack of
LS – ES = 29 – 20 = 9
days
To find the slack for any activity, we
make a backward pass (right to left)
through the network just as we made a
forward pass (left to right) to find the
critical path and time
Slack values
Precedence diagramming
• Finish to start
• Start to start
• Finish to finish
• Start to finish
Precedence diagramming
• Finish to start
• Start to start
• Finish to finish
• Start to finishFinish-to-start (FS): Task A must complete before Task B can
begin. Example: The foundation must be set before the framing
can begin.
Start-to-start (SS): Task A must start before Task B can start.
Example: A crew of painters is painting a house. Task A is to
scrape the flecking paint off the house and Task B is to prime the
house. The workers scraping the house must start before the other
workers can begin priming the house. All of the scraping doesn’t
Finish-to-finish (FF) : Task A must complete before Task B does.
Ideally, two tasks must finish at exactly the same time.
Start-to-finish (SF): It requires that Task A start so that Task B may
finish. Maybe encountered in construction and manufacturing.
Chances of meeting the deadline
Assignment:
• Consider the following project ( time given in days)
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.
More on Project Time
Management
How Do We Manage Time?
• Six processes
– Define Activities
– Sequence Activities
– Estimate Activity Resources
– Estimate Activity Durations
– Develop Schedule
– Control Schedule
Define
Activities
Sequence
Activities
Estimate
Activity
Resources
Estimate
Activity
Durations
Develop
Schedule
Control
Schedule
Define Activities
Enterprise
Environmental
Factors
Organizational
Process Assets
Project Scope
Statement
Decomposition
Templates
Rolling wave planning
Expert judgment
Planning component
Inputs
OutputsTools & Techniques
Work Breakdown
Structure
WBS Dictionary
Project
Management Plan
Activity List
Activity Attributes
Milestone List
Requested Changes
Define
Activities
Sequence
Activities
Estimate
Activity
Resources
Estimate
Activity
Durations
Develop
Schedule
Control
Schedule
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)
Arrow diagramming method
(ADM)
Schedule network templates
Dependency determination
Applying leads and lags
Inputs
OutputsTools & Techniques
Milestone List
Approved Change
Requests
Project Schedule
Network Diagrams
Activity List Updates
Activity Attributes
Updates
Requested Changes
Define
Activities
Sequence
Activities
Estimate
Activity
Resources
Estimate
Activity
Durations
Develop
Schedule
Control
Schedule
Precedence Diagramming Method (PDM)
• Commonly called Activity on Node (AON), most
commonly used sequencing method
• Boxes are used to represent tasks with arrows
used for dependencies
Estimate Activity Resources
Enterprise
Environmental
Factors
Organizational
Process Assets
Activity List
Expert judgment
Alternatives analysis
Published estimating data
Project management
software
Bottom-up estimating
Inputs
OutputsTools & Techniques
Activity Attributes
Resource
Availability
Activity Resource
Requirements
Activity Attributes
Updates
Resource
Breakdown
Structure
Resource Calendar
UpdatesProject
Management Plan
Requested Changes
Define
Activities
Sequence
Activities
Estimate
Activity
Resources
Estimate
Activity
Durations
Develop
Schedule
Control
Schedule
Estimate Activity Durations
Enterprise
Environmental Factors
Organizational Process
Assets
Project Scope
Statement
Expert judgment
Analogous estimating
Parametric estimating
Three-point estimates
Reserve Analysis
Inputs
Outputs
Tools & Techniques
Activity List
Activity Resource
Requirements
Activity Duration
Estimates
Activity attributes
updates
Resource Calendar
Activity Attributes
Project Management
Plan
•Risk Register
•Activity Cost
Estimates
Define
Activities
Sequence
Activities
Estimate
Activity
Resources
Estimate
Activity
Durations
Develop
Schedule
Control
Schedule
Estimating Methods
• CPM (Critical Path Method)
– One time estimate per task
– Controls cost with flexible schedule
– Only on AOA networks (can have dummies)
• 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)
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
Enterprise
Environmental Factors
Organizational Process
Assets
Project Scope
Statement
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
Outputs
Tools & Techniques
Activity List
Activity Resource
Requirements
Schedule baseline
Activity attributes
updates
Resource Calendar
Activity Attributes
Project Management
Plan
•Risk Register
•Activity Cost
Estimates
Project schedule
Schedule model data
Resource
requirements updates
Requested changes
Project management
plan updates
•Schedule
management
plan updates
Project calendar
updates
Define
Activities
Sequence
Activities
Estimate
Activity
Resources
Estimate
Activity
Durations
Develop
Schedule
Control
Schedule
Scheduling from Estimates
• 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”
Critical Path Determination
• EF=ES+DUR-1
• LS=LF-DUR+1
• Slack=LF-EF or LS-ES
Task Name
ES
LS
EF
LF
DUR
Slack
4
2 2
23
1 9
863
2 10
8
9 0 10
4
3 0
7 8
1 0 2
Task A
Task B
Task C
Task D
Control Schedule
Schedule Management
Plan
Schedule Baseline
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
Outputs
Tools & Techniques
Performance reports
Schedule baseline
updates
Requested changes
Approved Change
Requests
Schedule model data
updates
Performance
measurements
Organizational
process assets
updates
Activity list updates
Recommended
corrective actions
Activity attribute
updates
Project Management
Plan updates
Define
Activities
Sequence
Activities
Estimate
Activity
Resources
Estimate
Activity
Durations
Develop
Schedule
Control
Schedule
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

More Related Content

What's hot

Project planning and planning process
Project planning and planning processProject planning and planning process
Project planning and planning processShamim Hossain
 
Critical Path Method: Activities And Events, Float/Slacks
Critical Path Method: Activities And Events, Float/SlacksCritical Path Method: Activities And Events, Float/Slacks
Critical Path Method: Activities And Events, Float/SlacksPrasad Thanthratey
 
Project Time Management
Project Time ManagementProject Time Management
Project Time ManagementSerdar Temiz
 
Project Management Fundamentals
Project Management FundamentalsProject Management Fundamentals
Project Management FundamentalsOxfordCambridge
 
Project Time Management
Project Time Management Project Time Management
Project Time Management Waqar Ali
 
Cpm (critical path method)
Cpm (critical path method)Cpm (critical path method)
Cpm (critical path method)El Moro
 
Cpm n pert lecture 1
Cpm n pert lecture 1Cpm n pert lecture 1
Cpm n pert lecture 1adeelmunir158
 
Project Management Process
Project Management ProcessProject Management Process
Project Management ProcessSaqib Raza
 
CPM - Critical Path Method
CPM - Critical Path MethodCPM - Critical Path Method
CPM - Critical Path MethodParth Desani
 
Project planning-and-control
Project planning-and-controlProject planning-and-control
Project planning-and-controlJatindra Malik
 
07. Project Integration Management
07. Project Integration Management07. Project Integration Management
07. Project Integration ManagementBhuWan Khadka
 
Use of forward pass and backward pass in primavera
Use of forward pass and backward pass in primaveraUse of forward pass and backward pass in primavera
Use of forward pass and backward pass in primaveraAmit Kumar Senapati, PMP®
 
10 reasons why projects fail or common mistakes to avoid
10 reasons why projects fail or common mistakes to avoid10 reasons why projects fail or common mistakes to avoid
10 reasons why projects fail or common mistakes to avoidMarianna Semenova
 
Project Management: Project Schedule Management Knowledge Area
Project Management: Project Schedule Management Knowledge AreaProject Management: Project Schedule Management Knowledge Area
Project Management: Project Schedule Management Knowledge AreaJoshua Render
 
Earned value analysis
Earned value analysisEarned value analysis
Earned value analysisNikhil Raj
 

What's hot (20)

Project cost management
Project cost managementProject cost management
Project cost management
 
Project planning and planning process
Project planning and planning processProject planning and planning process
Project planning and planning process
 
Critical Path Method: Activities And Events, Float/Slacks
Critical Path Method: Activities And Events, Float/SlacksCritical Path Method: Activities And Events, Float/Slacks
Critical Path Method: Activities And Events, Float/Slacks
 
Project Time Management
Project Time ManagementProject Time Management
Project Time Management
 
Project Management Fundamentals
Project Management FundamentalsProject Management Fundamentals
Project Management Fundamentals
 
Project Time Management
Project Time Management Project Time Management
Project Time Management
 
Cpm (critical path method)
Cpm (critical path method)Cpm (critical path method)
Cpm (critical path method)
 
Pert cpm
Pert cpmPert cpm
Pert cpm
 
6.3 Sequence Activities
6.3 Sequence Activities6.3 Sequence Activities
6.3 Sequence Activities
 
Cpm n pert lecture 1
Cpm n pert lecture 1Cpm n pert lecture 1
Cpm n pert lecture 1
 
Project Management Process
Project Management ProcessProject Management Process
Project Management Process
 
CPM - Critical Path Method
CPM - Critical Path MethodCPM - Critical Path Method
CPM - Critical Path Method
 
Project planning-and-control
Project planning-and-controlProject planning-and-control
Project planning-and-control
 
Schedule-Delay Analysis
Schedule-Delay AnalysisSchedule-Delay Analysis
Schedule-Delay Analysis
 
Project Control
Project ControlProject Control
Project Control
 
07. Project Integration Management
07. Project Integration Management07. Project Integration Management
07. Project Integration Management
 
Use of forward pass and backward pass in primavera
Use of forward pass and backward pass in primaveraUse of forward pass and backward pass in primavera
Use of forward pass and backward pass in primavera
 
10 reasons why projects fail or common mistakes to avoid
10 reasons why projects fail or common mistakes to avoid10 reasons why projects fail or common mistakes to avoid
10 reasons why projects fail or common mistakes to avoid
 
Project Management: Project Schedule Management Knowledge Area
Project Management: Project Schedule Management Knowledge AreaProject Management: Project Schedule Management Knowledge Area
Project Management: Project Schedule Management Knowledge Area
 
Earned value analysis
Earned value analysisEarned value analysis
Earned value analysis
 

Similar to 08. Project Time Management Upload

Software engineering ppt on pert and gantt charts
Software engineering ppt on pert and gantt chartsSoftware engineering ppt on pert and gantt charts
Software engineering ppt on pert and gantt chartsGovadaDhana
 
Session 9 - Project scheduling-PERT-CPM-Network diagram.pptx
Session 9 - Project scheduling-PERT-CPM-Network diagram.pptxSession 9 - Project scheduling-PERT-CPM-Network diagram.pptx
Session 9 - Project scheduling-PERT-CPM-Network diagram.pptxAlRashedinKawser2
 
C03.05-Scheduling.key.pdf
C03.05-Scheduling.key.pdfC03.05-Scheduling.key.pdf
C03.05-Scheduling.key.pdfssuser8babb7
 
PMP Project Management Basics Tutorial For Beginners
PMP Project Management Basics Tutorial For BeginnersPMP Project Management Basics Tutorial For Beginners
PMP Project Management Basics Tutorial For BeginnersIIMSE Edu
 
L2_Project_Management.pdf
L2_Project_Management.pdfL2_Project_Management.pdf
L2_Project_Management.pdfJerryHung19
 
13 lecture project management
13 lecture project management13 lecture project management
13 lecture project managementAhmad Basim Hamza
 
PERT AND CPM PROJECT MANAGEMENT
PERT AND CPM PROJECT MANAGEMENTPERT AND CPM PROJECT MANAGEMENT
PERT AND CPM PROJECT MANAGEMENTsalsa moyara
 
CPM, Network Analysis A-O-A, A-O-N, Resource management
CPM, Network Analysis A-O-A, A-O-N, Resource managementCPM, Network Analysis A-O-A, A-O-N, Resource management
CPM, Network Analysis A-O-A, A-O-N, Resource managementAmit Kumbar
 
Pertcpm projectmanagement-120628224438-phpapp02
Pertcpm projectmanagement-120628224438-phpapp02Pertcpm projectmanagement-120628224438-phpapp02
Pertcpm projectmanagement-120628224438-phpapp02kongara
 
Pertcpm projectmanagement SIDDANNA M BALAPGOL
Pertcpm projectmanagement SIDDANNA M BALAPGOLPertcpm projectmanagement SIDDANNA M BALAPGOL
Pertcpm projectmanagement SIDDANNA M BALAPGOLSiddanna Balapgol
 
Project management.pptx
Project management.pptxProject management.pptx
Project management.pptxMaulikVasani1
 
Project Management Techniques ( CPM & PERT Techniques )
Project Management Techniques ( CPM & PERT Techniques )Project Management Techniques ( CPM & PERT Techniques )
Project Management Techniques ( CPM & PERT Techniques )Akaresh Jose Kaviyil JY
 

Similar to 08. Project Time Management Upload (20)

Software engineering ppt on pert and gantt charts
Software engineering ppt on pert and gantt chartsSoftware engineering ppt on pert and gantt charts
Software engineering ppt on pert and gantt charts
 
Session 9 - Project scheduling-PERT-CPM-Network diagram.pptx
Session 9 - Project scheduling-PERT-CPM-Network diagram.pptxSession 9 - Project scheduling-PERT-CPM-Network diagram.pptx
Session 9 - Project scheduling-PERT-CPM-Network diagram.pptx
 
C03.05-Scheduling.key.pdf
C03.05-Scheduling.key.pdfC03.05-Scheduling.key.pdf
C03.05-Scheduling.key.pdf
 
Project Management.pptx
Project Management.pptxProject Management.pptx
Project Management.pptx
 
cpmpertmy (1)
cpmpertmy (1)cpmpertmy (1)
cpmpertmy (1)
 
pert-cpm.pptx
pert-cpm.pptxpert-cpm.pptx
pert-cpm.pptx
 
PMP Project Management Basics Tutorial For Beginners
PMP Project Management Basics Tutorial For BeginnersPMP Project Management Basics Tutorial For Beginners
PMP Project Management Basics Tutorial For Beginners
 
L2_Project_Management.pdf
L2_Project_Management.pdfL2_Project_Management.pdf
L2_Project_Management.pdf
 
13 lecture project management
13 lecture project management13 lecture project management
13 lecture project management
 
Ch 5.pptx
Ch 5.pptxCh 5.pptx
Ch 5.pptx
 
PM-Problems.pptx
PM-Problems.pptxPM-Problems.pptx
PM-Problems.pptx
 
PERT AND CPM PROJECT MANAGEMENT
PERT AND CPM PROJECT MANAGEMENTPERT AND CPM PROJECT MANAGEMENT
PERT AND CPM PROJECT MANAGEMENT
 
Project Scheduling
Project SchedulingProject Scheduling
Project Scheduling
 
CPM, Network Analysis A-O-A, A-O-N, Resource management
CPM, Network Analysis A-O-A, A-O-N, Resource managementCPM, Network Analysis A-O-A, A-O-N, Resource management
CPM, Network Analysis A-O-A, A-O-N, Resource management
 
project network
project networkproject network
project network
 
Pertcpm projectmanagement-120628224438-phpapp02
Pertcpm projectmanagement-120628224438-phpapp02Pertcpm projectmanagement-120628224438-phpapp02
Pertcpm projectmanagement-120628224438-phpapp02
 
Pertcpm projectmanagement SIDDANNA M BALAPGOL
Pertcpm projectmanagement SIDDANNA M BALAPGOLPertcpm projectmanagement SIDDANNA M BALAPGOL
Pertcpm projectmanagement SIDDANNA M BALAPGOL
 
Project management techniques
Project management techniquesProject management techniques
Project management techniques
 
Project management.pptx
Project management.pptxProject management.pptx
Project management.pptx
 
Project Management Techniques ( CPM & PERT Techniques )
Project Management Techniques ( CPM & PERT Techniques )Project Management Techniques ( CPM & PERT Techniques )
Project Management Techniques ( CPM & PERT Techniques )
 

More from BhuWan Khadka

04. Project Management
04. Project Management04. Project Management
04. Project ManagementBhuWan Khadka
 
14. Developing Custom Processes For IT Projects
14. Developing Custom Processes For IT Projects14. Developing Custom Processes For IT Projects
14. Developing Custom Processes For IT ProjectsBhuWan Khadka
 
13. Project Procurement Management
13. Project Procurement Management13. Project Procurement Management
13. Project Procurement ManagementBhuWan Khadka
 
12. Project Risk Management
12. Project Risk Management12. Project Risk Management
12. Project Risk ManagementBhuWan Khadka
 
11. Project Communication Management
11. Project Communication Management11. Project Communication Management
11. Project Communication ManagementBhuWan Khadka
 
10. Project Quality Management
10. Project Quality Management 10. Project Quality Management
10. Project Quality Management BhuWan Khadka
 
09. Project Cost Management
09. Project Cost Management09. Project Cost Management
09. Project Cost ManagementBhuWan Khadka
 
05. Project And Organizational Structure
05. Project And Organizational Structure05. Project And Organizational Structure
05. Project And Organizational StructureBhuWan Khadka
 
2. Project management body of knowledge
2. Project management body of knowledge2. Project management body of knowledge
2. Project management body of knowledgeBhuWan Khadka
 

More from BhuWan Khadka (10)

04. Project Management
04. Project Management04. Project Management
04. Project Management
 
14. Developing Custom Processes For IT Projects
14. Developing Custom Processes For IT Projects14. Developing Custom Processes For IT Projects
14. Developing Custom Processes For IT Projects
 
13. Project Procurement Management
13. Project Procurement Management13. Project Procurement Management
13. Project Procurement Management
 
12. Project Risk Management
12. Project Risk Management12. Project Risk Management
12. Project Risk Management
 
11. Project Communication Management
11. Project Communication Management11. Project Communication Management
11. Project Communication Management
 
10. Project Quality Management
10. Project Quality Management 10. Project Quality Management
10. Project Quality Management
 
09. Project Cost Management
09. Project Cost Management09. Project Cost Management
09. Project Cost Management
 
05. Project And Organizational Structure
05. Project And Organizational Structure05. Project And Organizational Structure
05. Project And Organizational Structure
 
1. introduction
1. introduction1. introduction
1. introduction
 
2. Project management body of knowledge
2. Project management body of knowledge2. Project management body of knowledge
2. Project management body of knowledge
 

Recently uploaded

The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13Steve Thomason
 
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...M56BOOKSTORE PRODUCT/SERVICE
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Educationpboyjonauth
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxGaneshChakor2
 
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfEnzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfSumit Tiwari
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxRoyAbrique
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdfssuser54595a
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfsanyamsingh5019
 
Science 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its CharacteristicsScience 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its CharacteristicsKarinaGenton
 
Class 11 Legal Studies Ch-1 Concept of State .pdf
Class 11 Legal Studies Ch-1 Concept of State .pdfClass 11 Legal Studies Ch-1 Concept of State .pdf
Class 11 Legal Studies Ch-1 Concept of State .pdfakmcokerachita
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Sapana Sha
 
Mastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory InspectionMastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory InspectionSafetyChain Software
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...EduSkills OECD
 
How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17Celine George
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxmanuelaromero2013
 
Presiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsPresiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsanshu789521
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology  ( Production , Purification , and Application  ) Hybridoma Technology  ( Production , Purification , and Application  )
Hybridoma Technology ( Production , Purification , and Application ) Sakshi Ghasle
 

Recently uploaded (20)

The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13
 
Model Call Girl in Bikash Puri Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Bikash Puri  Delhi reach out to us at 🔝9953056974🔝Model Call Girl in Bikash Puri  Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Bikash Puri Delhi reach out to us at 🔝9953056974🔝
 
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Education
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptx
 
Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1
 
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfEnzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
 
9953330565 Low Rate Call Girls In Rohini Delhi NCR
9953330565 Low Rate Call Girls In Rohini  Delhi NCR9953330565 Low Rate Call Girls In Rohini  Delhi NCR
9953330565 Low Rate Call Girls In Rohini Delhi NCR
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdf
 
Science 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its CharacteristicsScience 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its Characteristics
 
Class 11 Legal Studies Ch-1 Concept of State .pdf
Class 11 Legal Studies Ch-1 Concept of State .pdfClass 11 Legal Studies Ch-1 Concept of State .pdf
Class 11 Legal Studies Ch-1 Concept of State .pdf
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
 
Mastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory InspectionMastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory Inspection
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
 
How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptx
 
Presiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsPresiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha elections
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology  ( Production , Purification , and Application  ) Hybridoma Technology  ( Production , Purification , and Application  )
Hybridoma Technology ( Production , Purification , and Application )
 

08. Project Time Management Upload

  • 2. An old joke when it comes to project time management “The first 90 percent of a project schedule takes 90 percent of the time. The last 10 percent takes the other 90 percent of the time.”
  • 3. Components of project time management
  • 4. Creating activity list • Creating the activity list relies on several completed documents, knowledge, and actions. Uses the following as inputs to the process: • WBS • Scope statement (description of the required work, and only the required work, to complete the project) • Historical information • Constraints ( deadline, cost) • Assumptions ( resources availability, weather condition) • Expert judgment
  • 5. Mapping the activities • Once the activity list has been created, the activities must be arranged in a logical sequence • This process calls on the project manager and the project team to identify the logical relationships between activities 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
  • 6. 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
  • 7. 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
  • 8. 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
  • 9. Network scheduling advantage • Consistent framework • Shows interdependences • Shows when resources are needed • Ensures proper communication • Determines expected completion date • Identifies critical activities
  • 10. 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
  • 11. Network scheduling techniques: PERT and CPM • The program evaluation and review technique (PERT), was developed for the Polaris missile/submarine project in 1958 • Critical path method (CPM), developed by DuPont during the same time
  • 12. Terminology • Activity: an element of the project that requires time • Merge activity: an activity that has two or more preceding activities on which it depends • Parallel activities: activities that can occur independently and, if desired, not at the same time • Sequential activities: one activity must be completed before the next one can begin A C DB
  • 13. Terminology • Immediate predecessor: an activity that must be completed just before a particular activity can begin • Event: the result of completing one or more activities • Network: the combination of all activities and events that define a project • drawn left-to-right • connections represent predecessors • Path: a series of connected activities • Critical: an activity, event, or path which, if delayed, will delay the completion of the project
  • 14. Terminology • Critical path: the path through the project where, if any activity is delayed, the project is delayed • There is always a critical path • There can be more than one critical path • Burst activity: an activity that has more than one activity immediately following it (more than one dependency arrow flowing from it) B D A C
  • 15. Terminology • Activity on Arrow - Arrows represent activities while nodes stand for events • Activity on Node - Nodes stand for events and arrows show precedence
  • 16. AON and AOA Format Activity network, AON format Activity network, AOA format
  • 17. Constructing the network • Begin with START activity • Add activities without precedences as nodes • There will always be one • May be more • Add activities that have those activities as precedences • Continue
  • 18. Constructing the critical path • Forward pass – an additive move through the network from start to finish • Backward pass – a subtractive move through the network from finish to start • Critical path – the longest path from end to end which determines the shortest project length
  • 19. Rules for forward/backward pass Forward Pass Rules (ES & EF) • ES + Duration = EF • EF of predecessor = ES of successor • Largest preceding EF at a merge point becomes ES for successor Backward Pass Rules (LS & LF) • LF – Duration = LS • LS of successor = LF of predecessor • Smallest succeeding LS at a burst point becomes LF for predecessor
  • 20. Node labels Early start ID number Early finish Activity float Activity descriptor Late start Activity duration Late finish
  • 21. Duration estimation methods • Past experience • Expert opinion • Mathematical derivation – Beta distribution • Most likely (m) • Most pessimistic (b) • Most optimistic (a) TE: Estimated time for activity σ: variance for activity duration
  • 24. Calculating activity times ( ) ( ) 2 2 2 6 6 4 σσ σ =       − = ++ = ab bma TE
  • 26. Critical path and time AON network, showing activation duration and variance
  • 28. Critical path and time AON network, showing earliest and latest start and finish times, and critical path The longest of the paths through the network is a-d-j using 43 days, which means that 43 days is the shortest time in which the entire network can be completed. This is called the critical time of the network, and a-d-j is the critical path, usually shown as a heavy line
  • 29. Slack • Free slack (or Float) • Is the amount of time an activity can be delayed after the start of a longer parallel activity or activities • 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 • Sensitivity • The likelihood the original critical path(s) will change once the project is initiated
  • 30. Slack
  • 31. Slack The project has a critical time of 43 days. Activity i must be finished by day 43. Also activity i requires 18 days to be accomplished. i must be started not later than day 25 ( 43- 18 = 25) if the project is to be complete on day 43. Because i cannot begin until activities g and h have finished, the latest time (LF) for each of these is also day 25.
  • 32. Slack The difference between the LS and the ES for an activity is called its float or slack. In the case of activity i, it must be started no later than day 25, but could be started as early as day 24, so it has one day of slack. It should be immediately obvious that all activities on the critical path have zero slack. Zero slack activities cannot be delayed without making the
  • 33. Slack Another example, consider activity f. Its ES is day 20, which is equal to the EF of its predecessor activity b. The LS for activity f is 43 -14=29. If f is started later than day 29, it will delay the entire project. Activity f has slack of LS – ES = 29 – 20 = 9 days To find the slack for any activity, we make a backward pass (right to left) through the network just as we made a forward pass (left to right) to find the critical path and time
  • 35. Precedence diagramming • Finish to start • Start to start • Finish to finish • Start to finish
  • 36. Precedence diagramming • Finish to start • Start to start • Finish to finish • Start to finishFinish-to-start (FS): Task A must complete before Task B can begin. Example: The foundation must be set before the framing can begin. Start-to-start (SS): Task A must start before Task B can start. Example: A crew of painters is painting a house. Task A is to scrape the flecking paint off the house and Task B is to prime the house. The workers scraping the house must start before the other workers can begin priming the house. All of the scraping doesn’t Finish-to-finish (FF) : Task A must complete before Task B does. Ideally, two tasks must finish at exactly the same time. Start-to-finish (SF): It requires that Task A start so that Task B may finish. Maybe encountered in construction and manufacturing.
  • 37. Chances of meeting the deadline
  • 38. Assignment: • Consider the following project ( time given in days) 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.
  • 39.
  • 40. More on Project Time Management
  • 41. How Do We Manage Time? • Six processes – Define Activities – Sequence Activities – Estimate Activity Resources – Estimate Activity Durations – Develop Schedule – Control Schedule Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule
  • 42. Define Activities Enterprise Environmental Factors Organizational Process Assets Project Scope Statement Decomposition Templates Rolling wave planning Expert judgment Planning component Inputs OutputsTools & Techniques Work Breakdown Structure WBS Dictionary Project Management Plan Activity List Activity Attributes Milestone List Requested Changes Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule
  • 43. 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.
  • 44. Sequence Activities Project Scope Statement Activity List Activity Attributes Precedence diagramming method (PDM) Arrow diagramming method (ADM) Schedule network templates Dependency determination Applying leads and lags Inputs OutputsTools & Techniques Milestone List Approved Change Requests Project Schedule Network Diagrams Activity List Updates Activity Attributes Updates Requested Changes Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule
  • 45. Precedence Diagramming Method (PDM) • Commonly called Activity on Node (AON), most commonly used sequencing method • Boxes are used to represent tasks with arrows used for dependencies
  • 46. Estimate Activity Resources Enterprise Environmental Factors Organizational Process Assets Activity List Expert judgment Alternatives analysis Published estimating data Project management software Bottom-up estimating Inputs OutputsTools & Techniques Activity Attributes Resource Availability Activity Resource Requirements Activity Attributes Updates Resource Breakdown Structure Resource Calendar UpdatesProject Management Plan Requested Changes Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule
  • 47. Estimate Activity Durations Enterprise Environmental Factors Organizational Process Assets Project Scope Statement Expert judgment Analogous estimating Parametric estimating Three-point estimates Reserve Analysis Inputs Outputs Tools & Techniques Activity List Activity Resource Requirements Activity Duration Estimates Activity attributes updates Resource Calendar Activity Attributes Project Management Plan •Risk Register •Activity Cost Estimates Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule
  • 48. Estimating Methods • CPM (Critical Path Method) – One time estimate per task – Controls cost with flexible schedule – Only on AOA networks (can have dummies) • 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)
  • 49. 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
  • 50. Develop Schedule Enterprise Environmental Factors Organizational Process Assets Project Scope Statement 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 Outputs Tools & Techniques Activity List Activity Resource Requirements Schedule baseline Activity attributes updates Resource Calendar Activity Attributes Project Management Plan •Risk Register •Activity Cost Estimates Project schedule Schedule model data Resource requirements updates Requested changes Project management plan updates •Schedule management plan updates Project calendar updates Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule
  • 51. Scheduling from Estimates • 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”
  • 52. Critical Path Determination • EF=ES+DUR-1 • LS=LF-DUR+1 • Slack=LF-EF or LS-ES Task Name ES LS EF LF DUR Slack 4 2 2 23 1 9 863 2 10 8 9 0 10 4 3 0 7 8 1 0 2 Task A Task B Task C Task D
  • 53. Control Schedule Schedule Management Plan Schedule Baseline 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 Outputs Tools & Techniques Performance reports Schedule baseline updates Requested changes Approved Change Requests Schedule model data updates Performance measurements Organizational process assets updates Activity list updates Recommended corrective actions Activity attribute updates Project Management Plan updates Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule Control Schedule
  • 54. 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