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Activity list
Primary output of breaking down WBS work packages
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Analogous estimating
- somewhat unreliable method
- relies on historical information to predict what current activity durations should be
- aka top-down estimating
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Bottom-up estimating
- most accurate approach
- considers every activity, its predecessor and successor activities, and the exact amount of resources needed
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Control account
- WBS entry that considers the time, cost, and scope measurements for that deliverable within the WBS.
- Estimated performance is compared against actual performance to measure overall performance for the deliverables within that control account
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Crashing
- schedule compression approach that adds more resources to activities on the critical path to complete the project earlier.
- Crashing adds cost
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Critical chain method
- Network analysis approach where teh deadlines associated with individual tasks are removed and the only date that matters is the promised date of the project deliverable.
- Modifies schedule based on the availability of resources rather than on the pure sequence of events (like the critical path method)
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Critical path
- Path in the project network diagram that cannot be delayed, or the project completion date will be late
- There can be more than one critical path.
- Activities on this path have no float
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Discretionary dependencies
- Preferred order of activities
- Logic behind decisions based on these dependencies should be documented
- Allow activities to happen in a preferred order because of best practices, unique conditions, or external events
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Early finish
- Earliest a project activity can finish.
- Used in forward pass procedure to discover the critical path and project float.
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Early start
- Earliest a project activity can begin.
- Used in forward pass procedure to discover the critical path and project float.
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External dependencies
- Outside project control
- Ex.: Delivery from a vendor, another project's deliverable, or decision of a committee, lawsuit, unexpected new law
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Fast tracking
- Schedule compression mthod that changes the relationship of activities
- Activities that would normally be done in sequence are allowed to be done in parallel or with some overlap.
- Adds risk
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Fragnet
- Project network diagram that is often used for outsourced portions of a project, repetitive work within a project, or a subproject.
- AKA subnet
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Free float
Total time a single activity can be delayed without affecting the early start of its immediately following successor activities
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Hard logic
Describes activities that must happen in a particular order
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Lag time
Positive time that forces two or more activities farther apart
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Lead time
Negative time that allows two or more activities to overlap where ordinarily these activities would be sequential
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Management reserve
- Percentage of project duration to combat Parkinson's Law.
- When project activities become late, their lateness is subtracted from management reserve
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Mandatory dependencies
- Natural order of activities.
- AKA hard logic
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Monte Carlo Analysis
- Project simulation approach predicts how scenarios may work out, given any number of variables
- Churns out a range of possible answers, not one specific one
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Parametric estimate
Quantitiative duration estimate uses mathematical formulas to predict how long an activity will take based on the quantities of work to be completed
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Parkinson's Law
Work expands to fill the time available for its completion
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Planning Package
- WBS entry located below a control account and above the work pacakges.
- Signifies that there is more planning that needs to be completed for this deliverable
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Precedence Diagramming method
network diagram method that shows activities in nodes and the relationship between each activity
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Project float
Total time the project can be delayed without passing the customer-expected completion date
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Refinement
An update to the WBS
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Resource Breakdown Structure (RBS)
- Hierarchical breakdown of the project resources by category and resource type.
- Category examples: equipment, HR, materials
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Resource-leveling heuristic
A method to flatten the schedule when resources are overallocated.
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Rolling wave planning
- imminent work is planned in detail, while work in the future is planned at a high level.
- this is a form of progressive elaboration
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Soft logic
Order of activities doesn't necessarily have to happen in a specific order
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Subnet
- A representation of a project network diagram that is often used for outsourced portions of projects, repetitive work, or a subproject.
- AKA fragnet
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Total float
time one activity can be delayed without delaying project completion
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Three-point estimate
Averaging most likely, optimistic, and pessimistic estimates to predict how long an activity should take
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