Forward and Backward Pass
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Project managers can determine the early start (ES), early finish (EF), late
start (LS) and late finish (LF) of each activity through the
Level of precision
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The degree to which activity cost estimates will be rounded up or down
(e.g., US$100.49 to US$100, or US$995.59 to US$1,000), based on the scope
of the activities and magnitude of the project.
,How to develop project schedule
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- Identify all activities and determine logical order
- Assign resources to each activity
- Estimate time required for that activity
-Consider project budget, quality and risk factor
risk response control
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Executing the risk response strategy
v Monitoring the triggers
v Initiating contingency plans
v Watching for new risks
v Repeating risk identification
v Assigning and document responsibility for managing risks
Work breakdown structure
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deliverable -oriented decomposition of the activities specified in the
project scope.
root cause analysis
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an analytical technique used to determine the basic underlying reason that
causes a variance or defect or risk.
may underlie more than one variance or defect or risk
organizational risks
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Lack of prioritization of projects
Inadequate funding
Inadequate resource assignment
Just in Time (JIT)
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inventory management method whereby materials. goods, and labor are
scheduled to arrive or be replenished exactly when needed in the
production process
Level of Accuracy
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, The acceptable range used in determining realistic activity duration
estimates is specified and may include an amount for contingencies.
plan risk responses
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the process of figuring out options and actions needed to reduce threats
and enhance opportunities to project objectives
Project Management Plan
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used to identify approaches to plan and manage scope and to develop an
overall scope management plan
project cost management
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The processes involved in planning, estimating, budgeting, financing,
funding, managing, and controlling costs so that the project can be
completed within the approved budget.
Pessimistic time estimate (P):
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Project managers can determine the early start (ES), early finish (EF), late
start (LS) and late finish (LF) of each activity through the
Level of precision
Give this one a try later!
The degree to which activity cost estimates will be rounded up or down
(e.g., US$100.49 to US$100, or US$995.59 to US$1,000), based on the scope
of the activities and magnitude of the project.
,How to develop project schedule
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- Identify all activities and determine logical order
- Assign resources to each activity
- Estimate time required for that activity
-Consider project budget, quality and risk factor
risk response control
Give this one a try later!
Executing the risk response strategy
v Monitoring the triggers
v Initiating contingency plans
v Watching for new risks
v Repeating risk identification
v Assigning and document responsibility for managing risks
Work breakdown structure
Give this one a try later!
deliverable -oriented decomposition of the activities specified in the
project scope.
root cause analysis
,Give this one a try later!
an analytical technique used to determine the basic underlying reason that
causes a variance or defect or risk.
may underlie more than one variance or defect or risk
organizational risks
Give this one a try later!
Lack of prioritization of projects
Inadequate funding
Inadequate resource assignment
Just in Time (JIT)
Give this one a try later!
inventory management method whereby materials. goods, and labor are
scheduled to arrive or be replenished exactly when needed in the
production process
Level of Accuracy
Give this one a try later!
, The acceptable range used in determining realistic activity duration
estimates is specified and may include an amount for contingencies.
plan risk responses
Give this one a try later!
the process of figuring out options and actions needed to reduce threats
and enhance opportunities to project objectives
Project Management Plan
Give this one a try later!
used to identify approaches to plan and manage scope and to develop an
overall scope management plan
project cost management
Give this one a try later!
The processes involved in planning, estimating, budgeting, financing,
funding, managing, and controlling costs so that the project can be
completed within the approved budget.
Pessimistic time estimate (P):
