Project Schedule Management
Project schedule/time management is so much more than just personal time management. It includes learning how to plan the process flow of the project, calculate the critical path, processes for deriving good estimates, learning schedule optimization techniques, protecting your project from time wasting activities and interruptions, and you’ll find a long list of project management terminology related to the science of project schedule management.
Network Diagrams
A Network Diagram is a visual representation of a project’s schedule and depicts the project’s critical path. Calculating the math of the network diagram is a core project management skill.
Types of Schedule Dependencies
- A start-to-finish (SF) relationship between two activities implies that the completion of successor is dependent on the initiation of its predecessor.
- A finish-to-start (FS) relationship between two activities implies that the initiation of successor is dependent on the completion of predecessor. This is the most common dependency used in network diagrams.
- A finish-to-finish (FF) relationship between two activities implies that the completion of successor is dependent on the completion of predecessor.
- A start-to-start (SS) relationship implies that the initiation of successor is dependent on the initiation of predecessor.
Lead and Lag
What’s the difference between lead and lag? They both go in the same “lag” data box in MS Project!
Lead time is reflected as a negative number on a line in a network diagram. Lead allows for an acceleration of a successor activity.
Lag time is reflected as a positive number on a network diagram. It is nonworking time that gets added to a schedule as time that must pass between dependent tasks.
Schedule Compression Techniques
Fast tracking: Changing the flow of the network diagram so that you are doing some work in parallel that you had previously planned on doing sequentially. This alters both the network diagram paths and possibly also the critical path.
Crashing: Adding resources (more equipment, people, or vendors) to the project activities to get them done faster than originally estimated.
These techniques keep the sequence in the network diagram but may alter the critical path.
Free Float and Total Float
Free float/slack is the amount of time an activity can be delayed without delaying the early start of any immediately following activities. Free float is only about the subsequent tasks – not the overall path slack.
Total float/slack is how much a task can slip before it delays the project (i.e.: effects the critical path).
Critical Chain
Read a good description of critical chain here. But when comparing this to normal project scheduling remember that critical chain eliminates the multi-tasking. It buffers all of the slack and contingency into a project pool, instead of building it in along the scheduling.
Types of Reserves
There are two types of budget reserves: contingency and management. Reserves can apply to money as well as time.
Contingency reserves are allowances for unplanned but potentially required changes that can result from realized risks identified in the risk register.
Management reserves, on the other hand, are budgets reserved for unplanned changes to project scope and cost.
The Project Manager may be required to obtain approval before obligating or spending the management reserve, but generally, this approval is not needed from the sponsor for the contingency reserve.
Management reserves are not part of the project cost baseline, but they may be included in the total budget for the project. Contingency reserves are ideally included in the cost baseline and budget.
Schedule Control
Once way to practice schedule control is to use timesheets. But, how to Encourage Your Team to do Timesheets?
- Explain why you need the information: Team members are more likely to do their timesheets if they know what you are doing with the information. Explain how it helps you manage the project more effectively. The fact is that it provides really useful information to validate the estimates and it ensures that everyone is working on the right things at the right times. You can adapt the project schedule depending on how quickly tasks are being done.
- Make it easy: One of the reasons why people don’t complete timesheets is because they are difficult to fill in and time-consuming. Do whatever you can to simplify the process, including looking at tool upgrades.
- Link the data to the project plan: Try to get the timesheets to post directly to the project plan so that it feeds project reports real time.
- Review your estimates: Analyze the variance from estimates information and help keep the team members informed so that they can become better estimators and your planning team can revise the plan and re-forecast based on these variances.
Variances
Variances and standard deviations are helpful in determining probabilities for estimates and occurrences. The standard deviation of a probability distribution is a measure of the spread of its values. If you are studying for the PMP exam, you will benefit from being able to calculate the standard deviation when given two deviations. Standard deviation is the square root of the variance. It is denoted with the letter σ (lower case sigma).
Sigma Values
+/- 1 sigma 68.26% (68.3)
+/- 2 sigma 95.46% (95.5)
+/- 3 sigma 99.73% (99.7)
+/- 6 sigma 99.99% (99.99)