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Project Schedule Management Magnets Solution Order
1 Plan Schedule 2 Define Activities 3 Sequence
Management -Next you come up with Activities
-First is to define the a list of all of activities - Next is to figure out which
processes you’ll use to that will need to be activities needs to come
plan and control your completed. before others, and put them
schedule. in the right order. The main
output here is a project
schedule network diagram,
a picture of how activities
are related.
• DECOMPOSITION – This means taking the work packages you defined in the Scope
Management processes and breaking them down even further into activities that can be
estimated.
• EXPERT JUDGEMENT –Ask somebody who has done this before to give an opinion on
what activities will be needed to get the job done.
• ROLLING WAVE PLANNING - When you plan this way, you decompose only the activities that
you need to plan for because they’re coming up soon. You leave everything else planned at the
milestone level until it gets closer to the time when you’ll do it.
• MEETINGS - You’ll need to talk to the team to figure out what they think they need to do to
achieve your project’s goals. Getting the team together to discuss the plan will be a useful tool
when you’re defining the activities in your schedule.
3 Sequence Activities
Diagram the relationship between activities
One way to visualize the way activities relate is to create a
network diagram. See how predecessors can get all
complicated? Luckily, a diagram makes sense of them!
Example
Lead:
A lead may be used to indicate that an activity can start
before its predecessor activity is completed. For example,
editing of a book may start before the write-up is finished.
Lag:
A lag is inserted by waiting time between activities, such as
requiring to wait for completion of the application testing
before the final roll-out of an application. Sequence
Activities process may also result in the identification of
new risks. It may also lead to updates to activity list and
activity attributes.
4 ESTIMATE ACTIVITY
DURATION
Figuring out how long the project will take
Once you’re done with Sequence Activities, you’ve got everything you need to figure out how long each activity will take. That’s
done in a process called Estimate Activity Durations. This is where you look at each activity in the activity list, consider the
scope and the resources, and estimate how long it will take to perform.
Analogous estimating is when you look at activities from previous projects that were similar to this one and see how long it took to do similar work for
them. But this only works if the activities and the project team are similar!
Parametric estimating means plugging data about your project into a formula, spreadsheet, database, or computer program that comes up with an estimate.
The software or formula that you use for parametric estimating is built on a database of actual durations from past projects.
Three-point estimates are when you come up with three numbers: a most likely estimate that probably will happen, an optimistic one that represents the
best-case scenario, and a pessimistic
one that represents the worst-case scenario. The final estimate is the average.
Data analysis means using reserve analysis to add extra time to the schedule (called a contingency reserve or a buffer) to account for extra risk. It can also
mean using alternatives analysis to think through all of the possible options to find the most efficient path for delivery.