Guide to Dependency Identification in Project Scheduling

Dependency Identification is a crucial step in project scheduling within the framework of the Capital Asset Pricing Model (CAPM).
Why it is important?
Dependency Identification is crucial as it helps in understanding the sequence of tasks and the interrelationships between tasks in a project. It helps in better scheduling, avoiding project delays and maximizing efficiency.
What it is?
Dependency Identification involves determining the dependencies between different tasks in a project. These could be finish-to-start(FS), start-to-start(SS), finish-to-finish(FF), or start-to-finish(SF) dependencies.
How it works?
It essentially involves breaking down the project into individual tasks and understanding the order in which they need to be executed. Critical path method (CPM) or Program Evaluation Review Technique (PERT) can be used for this.
Exam Tips: Answering Questions on Dependency Identification
Understand different types of dependencies and their application. Make use of visuals like Network Diagrams to better comprehend and explain the dependencies between tasks. Always give examples using real-world project scenarios. Know how to calculate project duration based on dependencies. Be fluent in applying methodologies like CPM or PERT to explain this concept.