Time Management Flashcards
(16 cards)
The aim of time management is to…
Ensure the timely completion of the project and its activities
Project Management Knowledge Areas
Scope management Time management Cost management HR management Risk management Communication management Procurement management
Project network
A flow chart that graphically depicts the sequence, interdependencies, and start and finish times of the project job plan of activities that is the critical path through the network.
Benefits of a project network (6)
- basis for scheduling resources
- estimate for project duration
- basis for budgeting
- puts WBS on time continuum
- identifies activities that are critical, dependent, parallel
- schedule plan
AON
Activity on Node. precedence diagram method
Forward/backward pass
Used to determine the earliest times (forward) and latest times (backward)
Draw a legend for the AON network
ES ID EF
SL DESC
LS DUR LF
an activity that has two or more preceding activities on which it depends.
Merge activity
Activities that can occur independently and, if desired, not at the same time.
Parallel (concurrent) activity
an activity that has more than one activity immediately following it (more than one dependency arrow flowing from it).
Burst activity
Macro or top down estimating approach
Quick rough estimate done at the beginning of a project. Can be very inaccurate.
Micro or bottom up estimating approach
Provides an accurate estimate but is time consuming. Done in the planning stage, this approach includes ‘rolling up the WBS’
What is a milestone?
The result of completing one or more activities.
What are lags?
The minimum amount of time a dependent activity can be delayed to begin or end.
Four types of lag relationships
Start to start
Finish to finish
Start to finish
Finish to start
Estimating techniques
Top down macro approach: quick rough estimate, done at the beginning of the project
Bottom-up micro approach: provides accurate estimate but is more costly and time consuming. Done in the planning stage.
