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Schedule

Schedule Dependencies

By Ray Myers, Jr., PMP Here is a short review of scheduling dependencies. FS – Finish to Start (most common) A FS B The first task (A) finishes before the second task (B) can start The ‘from’ activity must finish before the ‘to’ activity can start Sweep floor FS Mop floor FF – Finish...
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What Does It Cost to Crash Your Project?

What Does It Cost to Crash Your Project?

By Ray Myers, Jr., PMP Project managers are under constant pressure to reduce the scheduled time to complete their projects.  It is called crashing the project when you add resources to shorten the project schedule.  Crashing usually requires the expenditure of additional resources which adds cost to the project. Here is how you calculate...
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Schedule Compression

By Ray Myers, Jr., PMP Sooner or later, you’ll be asked to deliver your project earlier than planned.  Or, maybe you’ll have to make up time after a major snow storm prevented work for a week.  Either way, you need options to compress the schedule. Schedule compression is the term used to reduce the...
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Critical Path Calculations

By Ray Myers, Jr., PMP Here is some basic Critical Path information and the relevant formulas every project manager should know. Critical Path Set of activities which must be finished on time to avoid delaying completion of the entire project Sometimes defined as the longest path through the network There may be 2 or...
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Three Point Estimates

Three Point Estimates

By: Ray Myers, Jr., PMP The accuracy of an estimate can be improved by considering uncertainty and risk.  PERT uses 3 estimates to define a range for an activity’s cost.  This formula can be used for cost estimating and for scheduling. Most Likely – based on a realistic assessment Optimistic – estimated cost based...
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Project Management Topics

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