Reference no: EM133235805
Assignment -
1. Explain each of the following estimating techniques, and how each can be used to determine task duration and resource effort.
-Analogous estimating.
-Parametric model estimating
-3-point estimating
-Expert judgement estimating
-Vendor bid analysis
-Reserve analysis
-Bottom analysis.
2. A critical path of a project in project management is the sequence of tasks that are dependent and they form the longest duration. They allow one to determine the most efficient timeline that is possible to complete a certain project. A critical path allows one to identify the most important tasks in a project. An example is the critical path method.
3. A project baseline is a starting point of a project plan. It is used as a reference point to measure and determine the progress of a project against. A project baseline is constituted of three components namely a schedule, cost and scope. Byintegrating the three components one can be able to see how a delay in the project will affect it's costs and one can be able to correct on the scope.
4. The procedure for creating a project baseline involves definition of the activities, determining the sequence and the durations and identifying constraints and deriving the assumptions. One requires the scope baseline and the work breakdown structure to develop the project baseline.
5.To manage adjustments to a project baseline one is required to use a formal change control process. The change control process involves identifying, evaluating and managing changes throughout the project life cycle. By doing this one will be able to prevent a project to spiral out of control.
6. To effectively manage a project variance there are four steps involved in the process. They are as follows.
7. The project management lifecycle is used to describe a structured and methodical process for project management. It has five life cycles as discussed below.
8. Summary of key tools for project scheduling.
9. The three best-practice time management methodologies,their capabilities,limitations,applications and outcomes.
10. In creating project schedules work breakdown structure is used to identify tasks and deliverables that are associated with a project.