Developing Project Schedules, cost estimates and Budgets
- Create an Activity List
- Expected Duration, utilize past projects, consult subject matter experts
- Create a Project Network Diagram - use MS Project to create
- Activity List
- Project Scope Statement
- Activity Attributes
- Change Request
- Milestones
- Estimate Activity Resources - Determine what resources are necessary to complete
- Environmental factors
- Organizational process assets
- Activity List & attributes
- Resource availability
- Project management plan
- Estimate Activity Durations
- Work units, assumptions, range of variance
- Involve the work package owners - determine which work unit you will use.
- Consider resource requirements and capabilities. Include list of assumptions. Include variances.
- Identify the Critical Path
- Schedule development process/Outputs
- Require mathematical analysis
- Utilize project management software
- Utilize coding structures
- Some projects use all three techniques
2. Schedule Network Analysis
- Critical Path Method (CPM)
- Critical Chain Method
- What-if Scenario
- Resource Leveling
6. Develop a project Schedule
- A calendar of projects
7. Estimate project Costs - Involve the work package owners.
- Software availability
- Team member experience
- Project life cycle phase
- Time constraints
- Project definition
- Basic personal preference
8. Establish a Cost Baseline
- Cost Aggregation
- Reserve analysis
- Parametric estimation
- Funding limit reconciliation
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