It's about planning, scheduling, and controlling project activities to meet project deadlines. It includes techniques such as Gantt charts and Critical Path Method.
5 minutes
5 Questions
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 accelerate progress toward project delivery.
Key components include:
1. Schedule Management Planning: E…
You have just been asked to manage the design of a new product. The project team is uncertain about the specifics of the tasks involved. Which planning tool would you use to help define the project activities?
Question 2
You have just completed the Work Breakdown Structure (WBS) for a complex software development project. However, the project team is unable to understand some of the activities. What should be your next step?
Question 3
You are the project manager assigned to a construction project. After the work breakdown structure (WBS) is completed, you realize the task of getting clearance takes longer than estimated. How should you adjust to this sudden change?
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