Term
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Definition
- Helps create realistic schedule and budget
- Affects procurement and contracts
- Ensures projects are properly resourced
- Helps manage stakeholder expectations
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Term
| Estimate Activity Resources |
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Definition
Determine resources needed to complete project
Materials, people, equipment, and facilities
Create a realistic schedule and budget |
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Term
| Information needed to schedule resources |
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Definition
Types of resources
Quantity of each resource
Required skill sets
Project team roles and availability |
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Term
| Estimate Activity Resources - Inputs |
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Definition
Activity list
Activity attributs
Resource calendars
Enterprise environmental factors
Organizational process assets |
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Term
| Estimate Activity Resources - Tools & Techniques |
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Definition
Expert judgment
Alternatives analysis
Published estimating data
Bottom-up estimating
Project management software |
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Term
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Definition
Decompose activities
Estimate resources
Aggregate all estimates |
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Term
| Estimate Activity durations process - inputs |
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Definition
Activity list
Activity Attributes
Activity resource requirements
Resource calendars
Project scope statement
Enterprise environmental factors
Organizational process assets |
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Term
| Estimate Activity Durations - Tools & Techniques |
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Definition
Expert judgment
Analogous estimating
Parametric estimating
Three-point estimates
Reserve analysis |
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Term
| Estimate Activity Durations - Outputs |
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Definition
Activity duration estimates
Project document updates
duration estimates
changes to activity attributes |
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Term
| Duration Estimates - Parametric estimating |
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Definition
Quantity of work * productivity rate
_______________________________
Number of resources |
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Term
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Definition
| amount of labor invested in an activity |
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Term
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Definition
| how long an activity is expected to take with the labor available |
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Term
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Definition
find the optimistic estimate
find the most likely estimate
find the pessimistic estimate
assign weights to estimates
multiply each estimate by assigned weight
total the weighted durations
divide sum of weighted durations by the sum of weights
O + M4 + P / 6 |
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Term
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Definition
communication tool that
- helps create agreement
- helps manage changes
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Term
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Definition
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Helps the project manager optimize the use of resources
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Helps communication with the project team and stakeholders
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Provides a baseline against which progress can be tracked
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Coordinates the activities of team members
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Term
| Develop schedule process - Inputs |
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Definition
Activity list
Activity attributes
Activity resource requirements
Project scope statement
resource calendars
Project schedule network diagrams
Activity duration estimates
Enterprise environmental factors
Organizational process assets |
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Term
| Developing a schedule involves |
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Definition
Integrating information
determining start and finish dates
testing the schedule
making adjustments |
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Term
| Develop schedule process - Tools & Techniques |
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Definition
Schedule network analysis
Critical path method
Critical chain method
Resource leveling
What-if scenario analysis
Applying leads and lags
Schedule compression
Schedulitn tool |
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Term
| Develop schedule process - Outputs |
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Definition
Project Schedule
Schedule baseline
Schedule data
Project document updates |
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Term
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Definition
| uses available resources to come up with a better esimate |
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Term
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Definition
| usede to ensure that demand doesn't exceed availability |
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Term
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Definition
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Term
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Definition
| Involves modifying the schedule to include advances and delays on activities |
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Term
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Definition
| Manages uncertainty in the schedule by adding in non-work buffers |
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Term
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Definition
| Determines theoretical project start and finish dates using estimates of how long critical activities will take to complete |
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Term
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Definition
| Reallocates people and equipment where necessary to optimize both resource use and the schedule |
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Term
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Definition
| Involves reducing activity durations by allocating more resources or resequencing activities |
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Term
| What-if scenario analysis |
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Definition
| Measures the effects of possible delays on the project schedule |
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Term
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Definition
Early start date
Early finish date
Latest start date
Latest finish date |
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Term
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Definition
It identifies the shortest period of time in which the project can be completed
It identifies start and finish dates for activities |
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Term
| 3 steps of the Critical Path method |
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Definition
Forward pass
Backward pass
Float |
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Term
| Benefit of using a milestone chart |
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Definition
| provides a quick, at a glance way to check project progress in terms of significant events or achievements. It makes it easier to review milestones so they aren't missed and to report progress on meeting them. |
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Term
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Definition
| used for activity sequencing and calculating a project's critical path. It often includes the start and finish dates for each activity. |
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Term
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Definition
| has the display advantages of a bar chart - it represents each activity as a bar on a timeline, which makes it easier to visualize durations. It also uses precedence relationship arrows to identify activity dependencies. |
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Term
| Schedule network diagrams |
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Definition
| Provide a detailed view of all activities, including their sequence and dependencies, and is used by the project team. |
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Term
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Definition
| Bar chart of staff hours needed at a given time |
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Term
| Control schedule process - outputs |
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Definition
Work performance measurements
Change requests
Updates to project management plan components
Updates to project documentation
Updates to organizational process assets |
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Term
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Definition
Determine current schedule status
Determine the size and impact of a change
Manage changes when they occur |
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Term
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Definition
Earned value minus planned value
SV = PV - EV |
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Term
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Definition
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Term
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Definition
- multiply each activity's approved cost estimate by the percentage of work planned to be completed on that activity by the measurement date
- sum the planned values of each activity to get the total planned value
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Term
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Definition
- multiple each activity's approved cost estimate by the percentage of work actually completed on the activity up to the given date
- sum the earned values of each activity to get the total earned value
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Term
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Definition
| you subtract the planned value from the earned value. So the formula for this is SV = EV - PV. |
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Term
| Schedule Performance Index |
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Definition
| you divide the earned value by the planned value. The formula for this is SPI = EV/PV. |
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