Project Time Management

Project Time Management encompasses all processes required for ensuring timely completion of the project. It involves planning, scheduling, monitoring, and controlling activities to maintain or accelerate progress toward project delivery. Key components include: 1. Schedule Management Planning: Establishing policies, procedures, and documentation for planning, executing, and controlling the project schedule. 2. Activity Definition: Identifying specific actions needed to produce project deliverables. 3. Activity Sequencing: Identifying and documenting relationships among project activities, creating a logical network diagram. 4. Activity Resource Estimating: Determining resource types (people, equipment, materials) and quantities needed for each activity. 5. Duration Estimating: Approximating the number of work periods needed to complete individual activities with estimated resources. 6. Schedule Development: Analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule model. 7. Schedule Control: Monitoring project status, updating project progress, and managing changes to the schedule baseline. Tools and techniques used include: - Critical Path Method (CPM): Identifies the sequence of activities with zero float that determines the project duration - Program Evaluation and Review Technique (PERT): Uses weighted averages of optimistic, most likely, and pessimistic estimates - Gantt charts: Bar charts showing activity schedule and duration - Resource leveling: Optimizing resource allocation to avoid overallocation - Schedule compression: Fast-tracking (parallel activities) and crashing (adding resources) Effective time management helps project managers: - Meet contractual commitments - Reduce costs associated with delays - Improve resource utilization - Enhance stakeholder satisfaction - Provide early warning of potential problems Time management intersects with scope, cost, quality, and risk management, making it a central knowledge area in project management.

Project Time Management encompasses all processes required for ensuring timely completion of the project. It involves planning, scheduling, monitoring, and controlling activities to maintain or accel…

Concepts covered: Defining Activities, Estimating Activity Durations, Project Schedule Management, Estimating Activity Resources, Resource Optimization, Critical Chain Project Management, Rolling Wave Planning, Project Float, Controlling Schedule, PERT Analysis, Gantt Charts, Sequencing Activities