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Apply Time Management Techniques Week 6 Project Time Processes – Part 2 Certificate IV in Project Management 17871 Qualification Code BSB41507 Unit Code BSBPMG402A BSBPMG402A Apply Time Management Techniques 1 Project Time Processes – Part 2 • PMBOK Project Time Management Processes 6.1 Define Activities 6.2 Sequence Activities 6.3 Estimate Activity Resources 6.4 Estimate Activity Duration 6.5 Develop Schedule 6.6 Control Schedule • Related processes from Project Integration Management – 4.1 Develop Project Charter 4.2 Develop Project Management Plan BSBPMG402A Apply Time Management Techniques 2 6.3 Estimate Activity Resources • The process of estimating the type and quantities of material, people, equipment or supplies required to perform each activity • Closely related to the Estimate Costs process (7.1) and normally done simultaneously • Sometimes the resources are captured in project management software, most particularly human resources • Supplementary registers are often maintained for non human resources Monitor • Occurs during the Planning Phase Initiation Planning Execution Close Control Adapted from PMBOK 4th Edition BSBPMG402A Apply Time Management Techniques 3 6.3 Estimate Activity Resources • Inputs to Estimate Activity Resources Activity list and attributes Resource Calendars Resource availability and skills Staffing policies and procedures Procurement policies and procedures • Tools and techniques to Estimate Activity Resources Alternatives Analysis Published Estimating Data Bottom-Up Estimating Expert Judgement Project Management Software Adapted from PMBOK 4th Edition BSBPMG402A Apply Time Management Techniques 4 6.3 Estimate Activity Resources • Published Estimating Data Many industries (eg Construction) have standard production rates and unit costs for common activities • Bottom-Up Estimating Decomposing activities into more detail to assist with estimation • Project Management Software Can assist with planning, organising and managing resources Monitor Different levels of sophistication Initiation Planning Execution Close Control Adapted from PMBOK 4th Edition BSBPMG402A Apply Time Management Techniques 5 6.3 Estimate Activity Resources • Outputs of this process include – Activity Resource Requirements – Captured in project management software or supplementary registers Resource Breakdown Structure – Hierarchical chart of resources required – Commonly depicted as the project organisation structure for human resources Revised Activity List and Attributes Revised Resource Calendar – Resources marked as unavailable Monitor Initiation Planning Execution Close Control Adapted from PMBOK 4th Edition BSBPMG402A Apply Time Management Techniques 6 6.4 Estimate Activity Duration • The process of approximating the number of work periods needed to complete individual activities with the assigned or estimated resources • Previous experience in the type of project and activities being estimated greatly helps with the accuracy of duration estimates • Duration is a function of work effort and resources • Most project management software can perform this function Monitor • Occurs during the Planning Phase Initiation Planning Execution Close Control Adapted from PMBOK 4th Edition BSBPMG402A Apply Time Management Techniques 7 6.4 Estimate Activity Duration • Inputs to Estimate Activity Duration Activity list and attributes Activity Resource requirements and estimates Resource Calendars Project Scope Statement Productivity metrics and estimating data • Tools and techniques to Estimate Activity Duration Analogous Estimating Parametric Estimating Three-Point Estimating Expert Judgement Reserve Analysis Adapted from PMBOK 4th Edition BSBPMG402A Apply Time Management Techniques 8 6.4 Estimate Activity Duration • Analogous Estimating Develops duration estimates based on previous projects with similar size, risk and complexity Relies heavily of expert judgement and previous experience Less costly and less time consuming than other methods Least accurate Most common form of duration estimating • Parametric Estimating Duration is quantified by multiplying the quantity of work by Monitor the labour hours required Relies on published estimating data Common in Construction Initiation Planning Execution Close Control Adapted from PMBOK 4th Edition BSBPMG402A Apply Time Management Techniques 9 6.4 Estimate Activity Duration • Three-Point Estimates - PERT Calculates the Expected activity duration based on the weighted average of the Most Likely, Optimistic and Pessimistic estimates Often more accurate than other methods and quantified range of uncertainty • Reserve Analysis Inclusion of contingency Can be calculated for each activity Can be calculated for entire project Monitor Initiation Often a percentage based on risk or complexity Planning Execution Close Control Adapted from PMBOK 4th Edition BSBPMG402A Apply Time Management Techniques 10 6.4 Estimate Activity Duration • The major output of this process Activity Duration Estimates Draft or High Level Project Duration Estimate • Often include some form of range of possible results • Most common form of range is plus or minus - eg 2 weeks +/- 2 days – the activity could take between 8 and 12 days 3 weeks +/- 30% - the activity could take between 2 weeks Monitor and 4 weeks Initiation Planning Execution Close Control Adapted from PMBOK 4th Edition BSBPMG402A Apply Time Management Techniques 11 6.5 Develop Schedule • The process of analysing activity sequences, durations, resource requirements and schedule constraints to create the project schedule • All this data is entered into a project scheduling tool which generates a schedule with planned dates for completing project activities • An iterative process with several cycles of refinement • Baseline Schedule developed in Planning Phase • Simultaneous with 6.1, 6.2, 6.3 & 6.4 Monitor Initiation Planning Execution Close Control Adapted from PMBOK 4th Edition BSBPMG402A Apply Time Management Techniques 12 6.5 Develop Schedule • Inputs to Develop Schedule Activity list and attributes Project Schedule Network Diagrams – relationships and dependencies Activity Resource Requirements Resource Calendars Activity Duration Estimates Project Scope Statement Project Scheduling Tool Scheduling Methodology and Standards Overall Project Calendar and Priorities BSBPMG402A Apply Time Management Techniques Monitor Initiation Planning Execution Close Control Adapted from PMBOK 4th Edition 13 6.5 Develop Schedule • Tools and techniques to Develop Schedule Schedule Network Analysis Critical Path Method Critical Chain Method Scheduling Tool Schedule Compression Resource Levelling What-if Scenario Analysis Applying Leads & Lags Monitor Initiation Planning Execution Close Control Adapted from PMBOK 4th Edition BSBPMG402A Apply Time Management Techniques 14 Critical Path & Critical Chain • Critical Path Method Was developed in the 1950s by the Dupont Corporation The Critical Path Method, abbreviated CPM, or Critical Path Analysis, is a mathematically based algorithm for scheduling a set of project activities. It takes the activities in the Work Breakdown Structure, the durations and the interdependencies, and calculates the longest path through the project. It is the longest total duration of all the activities required to complete a project Advanced techniques and calculations (such as early start and early finish dates, and late start and late finish dates) are now carried out using project scheduling tools Does a forward and backward pass through the schedule with no regard for resource limitations Adapted from PMBOK 4th Edition BSBPMG402A Apply Time Management Techniques 15 Critical Path and Critical Chain • Critical Chain Method Undertakes the same form of analysis and calculations, but takes into consideration the resource availability and constraints Takes the Critical Path and resource availability to produce a resource constrained critical path OR Critical Chain It is the longest total duration of all the activities required to complete a project, considering resource availability and limitations Often done simultaneously with Critical Path Critical Chain = Resource Constrained Critical Path Adapted from PMBOK 4th Edition BSBPMG402A Apply Time Management Techniques 16 Schedule Compression Shortens the project schedule without changing project scope 1. Crashing Only works for activities where additional resources will shorten duration Does not always produce a viable schedule Always results in increased cost Sometimes results in increase risk increased Cost Crashing leads to increased Risk BSBPMG402A Apply Time Management Techniques 17 Schedule Compression Shortens the project schedule without changing project scope 2. Fast Tracking Phases or activities normally performed sequentially are performed in parallel Only works if activities can be overlapped to shorten duration May result in rework and increased risk Can result in decreased cost decreased Cost Fast Tracking leads to BSBPMG402A Apply Time Management Techniques increased Rework increased Risk 18 6.5 Develop Schedule • The major outputs of this process Project Schedule – Milestone charts – Bar chart – GANTT charts – Project Schedule Network Diagrams – PERT Charts Schedule Baseline Revised Activity Resource Requirements Revised Activity Attributes Project Calendar Revised Risk register Monitor Initiation Planning Execution Close Control Adapted from PMBOK 4th Edition BSBPMG402A Apply Time Management Techniques 19 What is a GANTT chart? • Gantt charts are named after their creator, an American engineer Henry Laurence Gantt, who created the first bar charts in the early 1910’s. • It converts the Work Breakdown Structure into a graphical display of a project schedule • It displays the durations of all scheduled activities including the interdependencies • Often also includes information on project milestones and resource allocation to activities • It has become one of the most widespread project management tools due to the prevalence of MS project BSBPMG402A Apply Time Management Techniques 20 Sample GANTT Charts BSBPMG402A Apply Time Management Techniques 21 What is a PERT chart? • PERT stands for Programme Evaluation and Review Technique • It was created by a Naval scientist, Frederick Taylor, in the 1950’s • It is a project management technique for determining how much time a project needs before it can be completed. • Each activity is assigned a best, worst and most probably completion time estimate. • These estimates are then used to determine the average completion time and are represented graphically in a network diagram BSBPMG402A Apply Time Management Techniques 22 Sample PERT Charts BSBPMG402A Apply Time Management Techniques 23 6.6 Control Schedule • The process of monitoring the status of the project in order to update progress and manage any changes to the baseline project schedule • Includes – Determining the current status of the project schedule Influencing the factors that create the schedule changes Determining that the project schedule has changed Managing changes as they occur • Occurs during Monitoring & Controlling • Is part of Perform Integrated Change Control (4.5) BSBPMG402A Apply Time Management Techniques Monitor Initiation Planning Execution Close Control Adapted from PMBOK 4th Edition 24 6.6 Control Schedule • Inputs to Control Schedule Project Management Plan Project Schedule Performance data Project Reporting standards • Tools and techniques to Control Schedule Performance Reviews Project Management Software Status Reports Resource Levelling Variance Analysis BSBPMG402A Apply Time Management Techniques Applying Leads & Lags Scheduling Tool Schedule Compression What-if Scenario Analysis Adapted from PMBOK 4th Edition 25 6.6 Control Schedule • The major outputs of this process Work Performance measurement Costs and impacts of variance and corrective actions Lesson learned Change Requests Project Management Plan updates – Schedule baseline – Schedule management plan – Cost baseline Project Schedule updates Status Reports Monitor Initiation Planning Execution Close Control Adapted from PMBOK 4th Edition BSBPMG402A Apply Time Management Techniques 26 Team Assignment Criteria Team Assignment Components Marks Basic Competency Higher Competency Work Breakdown Structure including deliverable/activity duration (start and end dates) and interdependencies 5 Basic WBS presented in Excel or a table High level deliverables and activities included Some interdependencies are indicated Detailed WBS in MS Project Phases broken down into detailed deliverables and activities with appropriate indentation Interdependencies on all activities Baselined Gantt chart indicating the critical path 5 Basic Gantt chart Report showing critical path Detailed Gantt chart Report showing critical path and the duration Explanation of the tools and techniques used to estimate the activity durations and timelines 10 Basic understanding of tools and techniques At least two estimating methods used Advanced understanding of tools and techniques More than two methods used and experts consulted 20 13 to 16 Total BSBPMG402A Apply Time Management Techniques 17 to 20 27