Scheduling
A model of how a team intends to accomplish project work and tasks to meet required timelines.
What is a schedule
A collection of sequenced tasks
What is a network diagram?
The approved version of the project cost plan used to measure performance.
What is the cost baseline?
The budgeted cost of work actually completed.
What is Earned Value (EV)?
The degree to which a set of inherent characteristics fulfills requirements.
What is quality?
It has these components:
- WBS
- Activities
- Logical sequences of activities
- durations of activities
- activity resource assignments
- resource calendars
- constraints
- critical path and float calculations
What is predictive schedule?
When you adjust resources usage percent to be more accurate or use float to move or stretch tasks so resource usage can be spread more evenly.
What is resource leveling?
A technique that estimates cost using a statistical relationship such as cost per unit.
What is parametric estimating?
The budgeted cost of work scheduled to be completed by a given date.
What is Planned Value (PV)?
Costs associated with training, process improvement, and defect prevention.
What are prevention costs?
The lowest level of a WBS. In developing a schedule, these are sequenced, given duration and resources estimates, and assignments
What is a work package? (or task level)
What is over-allocation?
A detailed estimating method that sums the costs of individual activities or work packages to produce a total project estimate.
What is bottom-up estimating?
A measure that shows whether a project is under or over budget.
What is Cost Variance (CV)?
A diagram that identifies root causes of defects using categories like methods, materials, and people.
What is a cause-and-effect (fishbone) diagram?
These are the 4 types of sequencing relationships that can exist between tasks
A snapshot of the approved schedule at a specific point in time that is used to compare with actual schedule performance.
What is a schedule baseline?
Money set aside to address known risks identified in the risk register.
What is a contingency reserve?
An index that measures cost efficiency using earned value.
What is the Cost Performance Index (CPI)?
A chart that shows whether a process is stable and within acceptable limits over time.
What is a control chart?
This subsidiary portion of a project plan includes who will build and manage the schedule, how the team will handle schedule changes, and metrics the team will use to track and report schedule progress.
What is Schedule Management Plan?
Performing these processes:
- monitor the schedule
- input actual performance data
- compare data against baseline
- record schedule progress
- report progress to stakeholders
- adjust schedule as needed
- control schedule changes
- stay on track
What is Managing the Schedule?
A forecasting technique that predicts total project cost using current performance trends.
What is Estimate at Completion (EAC)?
A negative cost variance and CPI less than 1 indicate this project condition.
What is over budget?
The total cost of preventing, detecting, and correcting defects.
What is the cost of quality (COQ)?