Project Time Management: How do you complete the project on time?
Project Time Management is a key area of knowledge if you are considering applying for the PMP certificate. It includes the processes necessary to ensure that the project is completed on time, as the name implies and as it’s described in PMI certification training.
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What is the purpose of Project Time Management?
There are many stakeholders involved in a project. It ensures that the project activities are completed on time by ensuring their orderliness and timely completion.
What is the output from Project Time Management?
The major output is the Project Schedule. The Project Schedule lists the start and finish dates for each activity, as well as interrelationships between activities and overall project start/end dates.
This figure shows the overall scheduling overview. The right circle shows that there is a lot of information about the project, including WBS, activities and resources, durations, constraints and calendars. These bulk data contain detailed information about activity level, but they need to be processed in order to create a complete project schedule. A scheduling method is used to accomplish this. CPM is the most popular scheduling method. The CPM method is the most efficient for completing all project activities in the shortest time.
CPM requires a scheduling tool. These are typically computer programs. Microsoft Project and Primavera are the most common tools for project management. These tools allow you to enter each project activity, create interrelationships, assign project resources, and define calendars. It also generates the overall project plan.
How do you present the Project Schedule?
There are many ways to present the project schedule once it is complete. Here, you see 3 common project schedule presentation methods.
The activity list gives a brief description of each activity, the start and end dates, as well as the assigned resource.
The bar chart gives a brief description of each activity as well as the relationships between them. There are bars next to each activity.
The network diagram shows each activity as an activity box. The duration of the activity is also shown in the box. Arrows indicate the interrelationship between activities.
The 7 Processes for Project Time Management
This knowledge area contains 7 processes. The majority of project time management is done during planning. Therefore, 6 of the processes in this knowledge area belong to the project planning process group, while only one process belongs the Project Monitoring and Control process group.
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The following are processes of Project Time Management Knowledge Area:
Plan Schedule Management: Organization of the time planning activities for a project.
Define Activities: This helps to identify the activities required to complete the project.
Sequence Activities: This is how activities are interrelated.
Estimate Activity Resources: These estimations are being made.
Estimate Activity Durations
Create a Schedule: This is where the information from earlier processes is gathered. The overall project schedule can then be created.
Control Schedule: This schedule controls the project schedule in relation to baselines and takes corrective and preventive actions.