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PMP Notes Time PDF
PMP Notes Time PDF
3. Activity Resource Requirements 3. Parametric Estimating (uses statistical relationship) the range of possible results. Eg., 2 weeks +/- 2 days)
4. Resource Calendars ^^ (Acq Proj Team / Cond Proc) 4. Three-point Estimates 2. Project Document Updates
5. Project Scope Statement 5. Reserve Analysis (As more precise information about
6. EEF the project becomes available, the Contingency Reserve
7. OPA may be Used, Reduced, or Eliminated).
16 Develop Schedule: The process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule. It determines the planned
start and finish dates for project activities and milestones. # TT1 Critical Path Method: It calculates the theoretical Early Start/Finish dates, & Late Start/Finish dates, for all activities
without regard for any resource limitations, by performing a Forward/Backward pass analysis through the schedule network. Critical Path is the longest duration path through a
network diagram & determines min time required to complete the proj. CPs have either ZERO or NEGATIVE Total Float. # Float/Slack/Total Float: Amt of time an activity can slip
before it causes delay in proj. Float for activities on CP is 0. (CP - next longest path) = float. # Free Float: amt of time an activity can be delayed without affecting the early start date of
subsequent dependent activities. # Proj Float: amt of time a proj can be delayed without delaying externally imposed proj completion date required by customer/mgmt. # TT2 Critical
Chain Method: The resource-constrained critical path is known as the Critical Chain . The longest sequence of resource-leveled tasks is the critical chain. It tries to adjust for problems
in estimating and managing tasks that result from 1. poor multi-tasking, 2. estimates with too much contingency for uncertainty, 3. work that expands to fill the available time, 4.
waiting until the latest possible time to start and 5. lack of prioritization. CCM focuses on managing remaining buffer durations against the remaining durations of task chains. In CCM;
buffers are 2 types: 1. Project Buffer (Protects the target finish date from slippage along the Critical Chain), and 2. Feed Buffer (Protects the Critical Chain from slippage along the
Feeding Chains). # TT4 Resource Leveling: Leveling lets the schedule slip & the cost increase in order to deal with resource constraints. It allows to level the peaks & valleys of
resource use, resulting in more stable # of resources used in the proj. It can be used when shared or critical required resources are only available at certain times, are only available in
limited quantities, or to keep resource usage at a constant level. It can often cause the original critical path to change. # TT5 Leads & Lags: # LEAD: A lead can be added to start an
activity before completion of the predecessor (eg: start writing the training material before completion of the testing). # LAG: is inserted waiting time b/w activities (Ex: needing to
wait 3 days after pouring concrete before constructing the frame of house). # TT3 Schedule Compression: Crashing involves adding extra resources to reduce proj duration. Over
Time is considered as Crashing. It almost always increases cost. Cheapest task has to be crashed first. Fast-Tracking involves doing critical path activities in parallel . It often results in
rework & usually increases risk.
1. Activity List 1. Critical Path Method CCS SWARS 1. Project Schedule (Formats 1. Milestone Charts, 2. Bar
2. Activity Attributes 2. Critical Chain Method Charts, and 3. Project Schedule Network Diagrams)
3. Project Schedule Network Diagrams 3. Schedule Compression (Crashing & Fast Tracking) 2. Schedule Baseline
PLANNING
# HAMMOCK Activity: For control and mangement communication, the broader, more comprehensive summary activity.
# Path Convergence: The merging or joining parallel schedule network paths into the same node in a project schedule network diagram. Path convergence is characterized by a schedule
activity with more than one predecessor activity. # Path Divergence: Extending or generating parallel schedule network paths from the same node in a project shedule network diagram.
Path devergence is characterized by a schedule activity with more than one successor activity.