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Develop The Project Schedule— Time Management

Schedule Development is an interactive process that helps determine planned project start- and end-dates. It continues throughout the project as work progresses, the project management plan changes, and anticipated risk rises and falls. Project management PMP candidates must understand how to develop a schedule.
Schedule Development analyzes activity component constraints, such as those that affect:
activity sequences
durations
resource requirements
schedules
THE Project Schedule is created as a result.
Develop the project schedule—Develop Schedule, TIME Constraints, which must be considered during schedule development include:
imposed start- and end-dates
project stakeholder, customer, and/or sponsor milestone requirements
TOOLS & TECHNIQUES USED TO DEVELOP SCHEDULES:
SCHEDULE NETWORK ANALYSIS is a scheduling technique that employs a scheduling model and various analytical techniques to generate the project schedule.
THE CRITICAL PATH METHOD (CPM) (below) scheduling technique is designed to control project time and cost using estimated ...
... activity time. It calculates theoretical early start and finish dates, and late start and finish dates. It performs forward pass analysis and backward pass analysis through the project schedule network paths. PMP Exam Preparation will include examples of this.
The critical path is the longest path through the network diagram.
Develop the project schedule—Develop Schedule, THE SCHEDULE COMPRESSION TECHNIQUE meets schedule constraints and imposed dates or other schedule objectives by shortening the project schedule without changing the project scope.
FAST-TRACKING is a schedule compression technique that schedules normally sequential activity phases so they will be performed in parallel. The project manager must recognize the increased risk and rework associated with this technique.
CRASHING is a schedule compression technique where cost and schedule tradeoffs are analyzed to ‘obtain the greatest amount of compression for the least incremental costs.
A BAR CHART (GANTT CHART) (below) is a graphical representation of planned and actual progress for a number of project tasks using horizontal lines, or bars. It is helpful in expediting sequencing, reallocating resources among tasks, and monitoring progress of all primary and secondary tasks.
MILESTONE CHARTS exclusively identify the scheduled start or completion of major deliverables and key external interfaces.
Develop the project schedule— Time Management Overview, TIME is the period given in which to complete the project.
Projects are typically broken down into the time required to complete individual components, stages, or phases.
These components, stages, or phases are further broken down into the time required to complete tasks necessary to complete each component, stage, or phase.
Kimberly Bloch, To Get the proper PMP Exam Preparation training to pass the pmp exam certification exam with flying colors. Visit the site- www.pmeducate.com, too for some useful hints on Project Management PMP.
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