06 BBA PM Project Time Management (Revised)
06 BBA PM Project Time Management (Revised)
Core Functions
Knowledge Areas
Strategic and
Success
Project
Project Integration Management
& Stakeholder Management
Human Communicati
Risk Procurement
Resource ons
Management Management
Management Management
Facilitating Functions
Project Time Management
2
Definition: Processes:
Project Time Management 1. Plan Schedule Management
includes the processes 2. Define Activities
required to manage the timely 3. Sequence Activities
completion of the project.
4. Estimate Activity Resources
5. Estimate Activity Durations
6. Develop Schedule
7. Control Schedule
Milestone
A milestone is a significant
point or event in a project.
Source: PMBOK Guide 5th Edition (Page 153); Introduction to Project Management, 2 nd edition, Kathy Schwalbe 5
Precedence Diagramming Method
6
2. . PERT(Performance Evaluation
14
Network diagram
E,5
Start B,2 J,3 End
F,4
Path 1 : A – D – H - J
Path 2 : B – E – H - J
Path 3 : B – F – J
Path 4 : C – G – I - J 15
Critical Path Analysis
E,5
Start B,2 J,3 End
F,4
E,5
Start B,2 J,3 End
F,4
Because the critical path is the longest path through the network diagram,
therefore Path 2: B-E-H-J, is the critical path for this Project
So, Minimum time to complete the project is 16 days
17
Slack time calculation
18
Early Start (ES) Early Finish (EF)
19
Slack time calculation
20
1 1 2 5
A,1 D,4
8 13
3 3 4 (2) 7
(2) H,6
2 3 7
1
E,5 8 (0) 13 14 16
Start B,2
3 (0) 7 J,3 End
1 (0) 2 3 6
1 3 14 (0) 16
F,4
C,3 10 (7) 13
4 9 10 11
3 (2) 5 G,6 I,2
6 (2) 11 12 (2) 13 20
Slack time calculation
21
21
Gantt chart (considering forward pass)
1 2 3 4 5 6 7 8 9
22 10 11 12 13 14 15 16
A
B
C
D
E
F
G
H
I
J
22
Project crashing
23
Top Management decided to reduce the duration time of the project from 16 days to
13 days (i.e. Project should be finished by 13 days). The additional cost to reduce each
activity by 1 day is given as follows. Each activity can be squeezed maximum 1 day.
Given this condition, which activities could be delayed to complete the project within
13 days having minimum additional investment?
Activities Additional cost ($)
A 200
B 300
C 500
D 100
E 350
F 250
G 350
H 400
I 200
J 400
23
Project crashing
24
24
Project crashing
25
26
SA MPL E E X E R C ISE
Sample Problem #1
Activity Immediate Duration Activity Immediate Duration
Predecessor(s) (Weeks) Predecessor(s) (Weeks)
N 5 G B 2
A N 4 H B 16
B N 10 I H 4
C N 7 J H 8
D A 5 K I, J, L 5
E D, G 3 L C 9
F E 6 M J, L 10
Sample Problem #1
a) Draw the network diagram and find the critical path and project completion time.
b) Calculate float/ slack of the all activities.
c) Can activity I be delayed without delaying the project completion time? If so, how
many weeks? How much dollar can be saved by keeping the project completion time
unchanged, if $2500 can be saved for each delayed week of activity I?
d) What is the impact on the project if activity F needs a delayed time 2 weeks and extra
time 5 weeks?
e) The PM wants to delay the duration of the activity M from 10 weeks to 16 weeks. What
is the impact on the project completion time?
EF = ES + Duration (Forward)
Sample Problem #1
LS = LF – Duration (Backward)
5 9 9 14
A,4 D,5 17 20 20 26
31 35 35 40 E,3 F,6
15 17
G,2
40 43
35
43 49
31
0 0 0 5 5 15 39 44
49 49
38 40 I,4
Start N,5 B,10 15 31 K,5 End
40 44
0 0 0 5 5 15 H,16 31 39 44 49 49 49
15 31 J,8
31 39
Module (Applied when path crossed) 5 12 12 21 39 49
d) What is the impact on the project if activity F needs a delayed time 2 weeks and extra
time 5 weeks?
e) The PM wants to delay the duration of the activity M from 10 weeks to 16 weeks. What
is the impact on the project completion time?
A 4 F B 6
B 10 G C 2
C 7 H F 8
D A 5 I F, G 11
E B 3 J D, E 8
Sample Problem # 2
a) Draw a network diagram and find the critical path and project completion time.
b) Calculate float/ slack of the all activities.
c) If $1000 can be saved for each delayed weeks of activity H, then how much dollar can
be saved keeping the project completion time unchanged?
d) Activity G needs a delayed time of two weeks and an extra time of five weeks. Is it
possible by keeping the project completion time unchanged? Explain.
e) The PM wants to shorten the duration of the activity I from 11 weeks to 9 weeks. What
is the impact of this change on project completion time