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.et)ork ;iagram
Precedence ;iagramming <ethod (P;<)
Also called Acti!it* on .ode (A9.)/ Acti!ities are in o8es <ost commonl* used toda* 3as = relationshi+s/ F'S1 S'S1 F'F1 S'F .o 6dummies7 (>ero duration de+endencies) allo)ed Can anal*>e using either 0hree'Point Estimates or CP<
0otal Float (also called Slack1 Float1 or Pro:ect Float) is the total amount of time an acti!it* can e dela*ed )ithout dela*ing the +ro:ect finish date2 Free Float#Slack is the amount of time an acti!it* can e dela*ed )ithout dela*ing its successor (follo)ing acti!it*)2
$S ES/ $F EF/
Calculates slack )ith for)ard +ass Calculates slack )ith ack)ards +ass
Also called Acti!it* on Arro) (A9A) 9nl* % relationshi+/ F'S Can ha!e 6dummies7 Can anal*>e using either 0hree'Point Estimates or CP<
$ag 0ime/ "nserted )ait time et)een acti!ities $ead 0ime/ 9!erla++ing acti!ities1 also called +aralleling or fast tracking2 6$ead "n@ $ag 9ut7
Accuracy of Estimates
9rder of <agnitude/'DEF to &GEF Budget Estimate/'%HF to &DEF ;efiniti!e Estimate/'EF to &%HF
PE40 = P49?4A< E!aluation and 4e!ie) 0echni5ue 3olds schedule and lets cost float A estimates for each task/ 9+timistic1 Pessimistic1 and <ost $ikel* <ean Estimate = (9 & =B<$ & P)#C Standard ;e!iation (s) = (P 9)#C
Sum of !ariances
Herzbergs Motivators
%2 Achie!ement D2 4ecognition A2 Challenge of the )ork itself =2 4es+onsi ilit* E2 Ad!ancement C2 ?ro)th
Channels of Communication
Between Team Members = N(N- !"#
Closing
Pro:ect is closed )hen administrati!e closure is com+lete2 Administrati!e closure is done at end of each Pro:ect Phase and at the end of the Pro:ect2 Contract closure/ !erification that deli!era les )ere acce+ta le@ it is done once at the end of the contract2 Contract Closure Procedure is +roduced under 6Close Pro:ect7
Formulas to memori>e for P<P2 EV = FCom+leteBBAC AC = FS+entBBAC CV = EVAC (IH ?ood) SV = EVPV (IH ?ood) CP" = EV#AC (I% ?ood) SP" = EV#PV (I% ?ood) EAC = AC&Bottom u+ E0C Best ho)e!er team has to sto+ )orking and s+end time
Terms Used Planned Value (PV) Actual Cost (AC) Earned Value (EV) Budget At Com+letion (BAC) Cost Variance (CV) Schedule Variance (SV) Cost Performance "nde8 (CP")
EAC = AC&BACEV 4emaining )ork to e +erformed at udgeted rate EAC = BAC#Cumulati!e CP" 4emaining )ork to e +erformed at +resent CP" EAC = AC&(BACEV)#(Cumulati!e CP"BCumulati!e SP") 4emaining )ork to e +erformed at +resent rate in!ol!ing oth SP" and CP" E0C = EACAC or 4e'estimate
Schedule Performance "nde8 (SP") Estimate at Com+letion (EAC) Estimate to Com+lete (E0C) Variance At Com+letion (VAC) Pro a ilit* (P) "m+act (") E8+ected <onetar* Value (E<V)
VAC = BACEAC E8+ected Acti!it* ;uration (EA;) 0CP" = (BAC'EV)#(BAC'AC ) or (EACAC) EAC )ill e used once it is determined BAC is no longer achie!a le1 less then % is good PV = FV#(%&r)
n
Standard ;e!iation (S;) $ate Start1 Earl* Start1 $ate Finish1 Earl* Finish ($S1 ES1 $F1 EF) Point of 0otal Assum+tion (P0A) 0o Com+lete Performance "nde8 ,0CP"-
Communication Channels = n(n'%)#D E<V = PB" PE40 EA; = (9&=<&P)#C PE40 Pro:ect ;uration = Sum of PE40 EA;s S; = (P'9)#C Variance of Acti!it* = ,S;-D = ,(P'9)#C-D S; of Pro:ect = S5uare 4oot of Var% & !arD & JJ 4ange of acti!it* duration = EA; &#' S; 0otal Float#Slack = $S'ES or $F'EF >ero on critical +ath BC4#"44#.PV Bigger is etter <ean A!erage
<edian Center num er#!alue or a!erage of center !alues <ode 0he most fre5uent num er Contract "ncenti!es Sa!ings = 0arget Cost Actual Cost Bonus = Sa!ings 8 Percentage Contract Cost = Bonus & Fees 0otal Cost = Actual Cost & Contract Cost P0A = (Ceiling Price 0arget Price)#Bu*erKs Share ratio &0arget Cost