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Bsbpmg512: Manage Project Time Summative Assessment 1 Q6

Project managers have several techniques and tools to create and monitor project schedules. These include Gantt charts, which show tasks as horizontal bars plotted over time and allow comparison between planned and actual timelines. Schedule network analysis diagrams graphically display task dependencies and logical relationships to ensure projects remain on track. Critical path method identifies the longest sequence of dependent tasks, while PERT uses three time estimates for each task to determine expected durations through weighted averaging.

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35 views1 page

Bsbpmg512: Manage Project Time Summative Assessment 1 Q6

Project managers have several techniques and tools to create and monitor project schedules. These include Gantt charts, which show tasks as horizontal bars plotted over time and allow comparison between planned and actual timelines. Schedule network analysis diagrams graphically display task dependencies and logical relationships to ensure projects remain on track. Critical path method identifies the longest sequence of dependent tasks, while PERT uses three time estimates for each task to determine expected durations through weighted averaging.

Uploaded by

Ej
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BSBPMG512: MANAGE PROJECT TIME

Summative assessment 1

Q6.

Describe the project management techniques and tools for creating and monitoring schedules.
(180 words)

Project Managers can use a range of tools and techniques to develop, monitor and control
project schedules. Creation of a schedule begins with understanding the project and the tasks
and activities that are required to be completed in order to complete the project. There are
several ways to approach project schedule based on previous experience of the project
manager and the complexity of the project itself.

 Gantt Chart: a horizontal bar chart plotted over time (e.g. days, weeks or months).
Each activity is shown as a bar (its length based on a time estimate). Depending on task
dependencies and resource availability, these bars may be sequential or run in parallel.
Each bar is plotted to start at the earlier possible start date. The plan laid out when the
Gantt Chart was created can be compared with actual times taken.
 Schedule Network Analysis: a graphical display (from left to right across a page) of all
logical interrelationships between elements of work, in chronological order, from
initial planning through to project closure. As a project progresses, regular analysis of
this network diagram is a check to ensure the project is proceeding ‘on track’.
 Critical Path Method: the sequential string of activities that takes the longest time to
complete, recognising any dependencies between tasks in this sequence (one cannot
start till another finish). Arrowed lines represent activities with circles at each end
representing milestones (start and finish).
 PERT (Program Evaluation and Review Technique): For each activity, three estimates of
time are obtained: the shortest time (SP), the longest time (LT) and the most likely
time (MT). The estimate assigned for the activity is a weighted average of these three
estimates. The formula is: Expected time = (SP + 4(MT) + LT) /6.

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