Capm ccvc capm time 4th edition pmbok review

Time Management June 20, 2011

Preparing for the CAPM® Exam

Project Management Institute California Central Valley Chapter

(PMI – CCVC)

Time Management June 20, 2011

Agenda

• Matching Game – (50 min) – <Matching Handout>

• Break – (10 min)

• Address Questions from Reading – (50 min) • Slides – what you need to know • CPM Example – <Group Exercise: Handout>

• Break – (10 min)

• Questions – Drill/Practice – (60 min) – <FASTrac>

• Summary: <how to prepare, handouts>

Time Management June 20, 2011

The Primary Topics for Project Time

Management:

• Determining what resources are available and when

• Determining how much time the project will take to complete

• Calculating the critical path and the float of a network diagram

• Know how to compress a project schedule • Know the different types of network Analysis

Time Management April 4, 2011

Project Time Management

6.1 Activity Definition

4

Project Time Management 6.0

Activity Sequencing

6.2

Activity Definition

6.1

Activity Resource Estimating

6.3

Schedule Development

6.5

Schedule Control

6.6

Activity Duration

Estimating 6.4

Time Management April 4, 2011 5

Key Concepts for

Activity Definition

Def: Activity Definition

Output: Activity List, Activity Attributes

Diff: Deliverables and Activities

Diff: WBS, Work Package, Activity

Def: Constraints

Def: Assumptions

Def: Enterprise Environmental Factors

Time Management April 4, 2011 6

Key Concepts for

Activity Definition

Def:Organizational Process Assets

Def: Decomposition

Def: Rolling Wave

Def: Templates

Time Management April 4, 2011 7

Project Time Management

6.2 Activity Sequencing

Project Time Management 6.0

Activity Sequencing

6.2

Activity Definition

6.1

Activity Resource Estimating

6.3

Schedule Development

6.5

Schedule Control

6.6

Activity

Duration

Estimating

6.4

Time Management April 4, 2011 8

Key Concepts for

Activity Sequencing

Def: Activity Sequencing

Output: Project Network Diagram

Diff: Mandatory, Discretionary, External

Dependencies

Def: Finish-start, Start-start, Finish-finish,

Start-finish

Def: Lead, Lag

Diff: PDM, ADM, Conditional diagramming

method (GERT)

Time Management April 4, 2011 9

Project Time Management

6.3 Activity Resource Estimating

Project Time Management 6.0

Activity Sequencing

6.2

Activity Definition

6.1

Activity Resource

Estimating 6.3

Schedule Development

6.5

Schedule Control

6.6

Activity

Duration

Estimating

6.4

Time Management April 4, 2011 10

Key Concepts for

Activity Resource Estimating

Def: Activity Resource Estimating

Output: Activity Resource Requirements

Def: Published Estimating Data

Def: Alternative Analysis

Def: Bottom-up estimates

Def: Resource Breakdown Structure

Def: Resource Calendar

Time Management April 4, 2011 11

Project Time Management

6.4 Activity Duration Estimating

Project Time Management 6.0

Activity Sequencing

6.2

Activity Definition

6.1

Activity Resource Estimating

6.3

Schedule Development

6.5

Schedule Control

6.6

Activity Duration

Estimating 6.4

Time Management April 4, 2011 12

Key Concepts for

Activity Duration Estimating

Def: Activity Duration Estimating

Def: Work Periods

Output: Activity Duration Estimate

Def: Expert Judgement

Def: Analogous Estimating

Def: Parametric Estimates

Def: Three Point Estimates

Diff: Management Reserve & Contingency Reserve

Time Management April 4, 2011 13

Project Time Management

6.5 Schedule Development

Project Time Management 6.0

Activity Sequencing

6.2

Activity Definition

6.1

Activity Resource Estimating

6.3

Schedule Development

6.5

Schedule Control

6.6

Activity

Duration

Estimating

6.4

Time Management April 4, 2011 14

Key Concepts for

Schedule Development

Def: Schedule Development

Input: Calendars

Output: Project Schedule

Def: Critical Path

Def: Float, Slack

Know the purpose of the CPM Forward Pass

and Backward Pass

Time Management April 4, 2011 15

Key Concepts for

Schedule Development

Def: PERT, 3 Point Average, GERT

Def: Critical Chain Method

Def: Normal Distribution

Def: Monte Carlo Simulation (what-if

analysis)

Def: Duration Compression

Def: Schedule Model Data

Def: Crashing

Def: Fast Tracking

Time Management April 4, 2011 16

Key Concepts for

Schedule Development

Def: Heuristics

Def: Resource Leveling (smoothing)

Diff: Project Network Diagrams, Bar Charts,

Logic Bar Chart and Milestone Charts

Time Management April 4, 2011 17

Project Time Management

6.6 Schedule Control

Project Time Management 6.0

Activity Sequencing

6.2

Activity Resource Estimating

6.3

Schedule Development

6.5

Schedule Control

6.6

Activity

Duration

Estimating

6.4

Activity Definition

6.1

Time Management April 4, 2011 18

Key Concepts for

Schedule Control

Def: Schedule Baseline

Input: Schedule Baseline

Output: Schedule Model Data, & Baseline

Updates

Def: Performance Measurement

Def: Variance Analysis

Def: Schedule Management Plan

Time Management June 20, 2011 19

Group Exercise

“Critical Path Scenario”

Time Management June 20, 2011 20

Group Critical Path Exercise

Activity Preceding Activity Estimated Duration

Start 0

2.3.3.1 Start 20

2.3.3.2 2.3.3.1 25

2.3.3.3 2.3.3.2 8

2.3.3.4 2.3.3.3 8

2.3.3.5 2.3.3.3 6

2.3.3.6 2.3.3.5 8

2.3.3.7 2.3.3.4, 2.3.3.6 4, 4 + 16 hour FS lag

End 2.3.3.7 0

Time Management June 20, 2011 21

Group Exercise

“FASTrac Selections”

Time Management June 20, 2011 22

Group FASTrac Exercise

ID Number

Group 1

401

410

382

400

439

463

1295

386

413

390

513

ID Number

Group 2

451

668

408

640

399

437

411

1308

507

472

477

Time Management June 20, 2011 23

Good luck studying!!!