Podcast
Questions and Answers
What is the primary purpose of comparing the newly updated schedule model outputs with the stored baseline?
What is the primary purpose of comparing the newly updated schedule model outputs with the stored baseline?
What is the typical unit of measurement for expressing the finish variance?
What is the typical unit of measurement for expressing the finish variance?
What determines which activities and conditions require reporting and further action?
What determines which activities and conditions require reporting and further action?
Why is it useful to compare the status of an activity against more than one target?
Why is it useful to compare the status of an activity against more than one target?
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What is the purpose of a schedule model management plan?
What is the purpose of a schedule model management plan?
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What is the baseline in a project schedule?
What is the baseline in a project schedule?
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What is the purpose of identifying and managing cost and schedule variances?
What is the purpose of identifying and managing cost and schedule variances?
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What is a common target used to compare the status of an activity?
What is a common target used to compare the status of an activity?
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Why is it important to manage cost and schedule variances?
Why is it important to manage cost and schedule variances?
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What is the primary goal of comparing schedule model outputs with the stored baseline?
What is the primary goal of comparing schedule model outputs with the stored baseline?
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Study Notes
Introduction to Scheduling Practice Standard
- This practice standard assumes a basic understanding of Project Management Process Groups and Knowledge Areas as defined in the PMBOK Guide—Fourth Edition
- The project should have a work breakdown structure (WBS) that conforms to the processes defined in the Practice Standard for Work Breakdown Structures—Second Edition
- This standard is applicable to individual projects, not programs or portfolios
Scheduling Principles and Concepts
- The schedule model creation and use are guided by principles and concepts outlined in this chapter
- The chapter is divided into sections covering scheduling methods, techniques, tools, and model instances
- The schedule model management plan identifies the scheduling method and tool used
- The Create Schedule process incorporates all project activities and milestones to achieve project objectives
Buffers
- Three types of buffers are used: feeding buffers, resource buffers, and project buffers
- Buffers are statistically determined and aggregated safety margins assigned to individual chains of activities
- Resource buffers alert resources to prepare for work on successor activities based on forecast finish dates
- Project buffers are added to the end of the project to account for uncertainties
Resource Loading and Performance Indicators
- Resource loading of the schedule model is considered a good practice
- Resources should be considered when determining activity durations and sequencing
- Performance indicators such as key performance indicators (KPIs) can be used to measure project progress and performance
Master Schedule Model and Earned Value Management
- The schedule model can be designed as a master project containing subprojects
- Earned Value Management (EVM) can be used to combine measurements of scope, schedule, and cost in a single integrated system
- EVM can be expanded to include the concept of earned schedule for time-based indicators
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Description
Test your knowledge of project management planning and scheduling principles, based on the PMBOK Guide and related practice standards. This quiz covers the integration of project management process groups, knowledge areas, and work breakdown structures. Evaluate your understanding of schedule development and planning processes.
