Accurate time estimation is a skill essential to good project management. It is important to get project schedule right for two main reasons:
1. They often determine the pricing of contracts and hence their profitability.
2. Time estimates drive the setting of deadlines for delivery of projects, and hence peoples' assessments of project manager’s reliability.
Usually people vastly underestimate the amount of time needed to implement projects. In that case the project manager and team lose a great deal of credibility by underestimating the length of time needed to implement a project. If the project manager underestimate time, not only it lead to miss deadlines, it also put other project workers under unnecessary stress. Projects will become seriously unprofitable, and other tasks cannot be started. The first step towards making good time estimates is to fully understand the basic schedule management approaches.
This session is designed to give participants in-depth understanding of project schedule management considering all critical factor that can impact the schedule.
How Participants will benefit after the course:
· Develop realistic schedules to achieve timely project delivery
· Construct project network diagrams to identify the sequence of work
· Calculate Critical Path to determine the project duration
· Effectively assign resources to build a realistic baseline schedule
· Perform schedule analysis and recommend corrective actions to keep the project on track
· Build readable and reliable project reports to keep stakeholders informed on progress.
Workshop topics to be covered:
1. Identifying key issues in successful scheduling
2. Deriving information from project scope and constraints
3. Identifying manageable activities using decomposition of scope
4. Building a deliverable-oriented WBS
5. Translating a WBS into an activity list
6. Precedence diagramming methods
7. Types of dependency and dependency determination
8. Applying network diagrams: AOA, AON
9. Reviewing CPM and PERT
10. Determining lead and lag
11. Activity resource and duration estimates
1. Conducting a forward and a backward pass through the network diagram to determine activity start and end times
2. Deriving float to identify areas of flexibility in the schedule
3. Calculating the critical, near-critical, and noncritical path
4. Creating Gantt charts
5. Establishing the project duration and end date
6. Schedule compression
7. Monitoring schedule using Earned value concept (SV, SPI etc)
8. Reporting project schedule status
9. Handling schedule risk
10. Handling schedule change request.