About This Chapter
Scheduling Techniques - Chapter Summary
One of the biggest obstacles project managers face involves dealing with the logistics that keeps production on track. To handle this problem requires a thorough knowledge of scheduling techniques, which is why this chapter has been built to go over the entire scheduling process. These lessons discuss recommended strategies that use simulations, charts, and other formulas to determine which scheduling approaches will most likely yield the best results. At the end of this chapter, you should know how to do the following:
- Describe project completion and PERT analysis
- Compare three-point, parametric, and analogous estimating
- Identify examples of the critical path method
- Analyze the role of critical chain project management
- Know how the Monte Carlo simulation can be applied to risk management
- Read bar graphs and Gantt charts
- Consider other techniques for managing demand and adjusting capacity
- Use the formula for earned value management
- Point out the purpose for the Performance Management Baseline (PMB)
This chapter provides a convenient way to study the most up-to-date information about scheduling techniques. Our instructors each have years of experience in their areas of expertise, and they are always following current trends in their fields. In addition, these lessons are designed to help you both learn and retain this information in the easiest way possible. Concepts are presented with humor and plenty of real-world examples, and you'll find key vocab words in bold print.
1. PERT Analysis & Project Completion
Time-based decision methods are used a great deal when a manager or company looks at a time-based project. To ensure the project can be done on time, managers use PERT analysis, a tool for estimating the time it will take to complete a project. This lesson will outline PERT and help you to understand how it is used to predict time based projects.
2. Three-Point Estimating: Definition & Role in Scheduling
Knowing how long a project will take can be a bit tricky. There are so many factors that can affect the duration. In this lesson we will learn one technique that helps a company be more accurate in estimating.
3. Parametric Estimating: Definition & Examples
The cost and the timeframe for a project can be very important considerations. But being able to determine each of these factors can be a bit challenging without the right tools. Come along as we learn about parametric estimating.
4. Analogous Estimating: Definition & Use
Making sure you have enough money to complete your project and finish it within the time frame requested can be stressful if you lack important data. In this lesson we will learn about a way to figure out just how much time and money you will need for a given project.
5. Critical Path Method: Definition, Analysis & Examples
In this lesson, you'll learn what the critical path methodology is, how it is used as a planning tool, and how the project manager uses it to execute projects on schedule and on budget.
6. Critical Chain Project Management: Definition & Role
In this lesson, we provide a definition of critical chain in project management and explain how this approach can be used to identify all critical and near critical paths in order to achieve project specification requirements.
7. Using the Monte Carlo Simulation in Risk Management
In this lesson, students will learn how the Monte Carlo simulation enables testing of preliminary task estimates to help reduce project uncertainty and risk.
8. Project Resource Leveling: Definition & Scheduling
Often, a project will be constrained by the available resources. In this lesson, we will learn how to deliver a resource-constrained project through a scheduling technique called resource leveling.
9. Gantt Charts & Bar Graphs: Henry Gantt's Contributions to Management
This lesson will describe how Henry Gantt revolutionized management practices by providing a graphical representation, also known as the Gantt chart, of work processes that showed scheduling and monitoring projections. Other contributions of Henry Gantt, such as the task and bonus system, will also be discussed.
10. What is Crashing in Project Management? - Definition & Example
The objective of crashing a project is to shorten the project's implementation date by adding resources to critical path tasks. This lesson will define and provide an example of crashing a project.
11. Earned Value Management: Definition, Formula & Examples
Earned value management is a systematic process used by project managers to determine project performance and forecast project completion schedules and budgets. This lesson demonstrates how to use the essential components of EVM to successfully manage a project.
12. Performance Measurement Baseline (PMB): Definition & Role
In this lesson you will learn what the Performance Measurement Baseline is and how it is used in the process of schedule and budget planning, development and monitoring.
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Other chapters within the PMI-SP® Exam Study Guide - PMI Scheduling Professional course