Subtitles of the Movie

In this movie, we'll take a look at an overview of the Project Time Management Knowledge Area. This Knowledge Area is concerned with the completion of the project on time, basically creating a Real Estate Project Schedule and Deadlines or working with preexisting deadlines and adhering to them. We accomplish this through the fixed Time related Knowledge Area processes, this include Activity Definition, Activity Sequencing, Activity Resource Estimating, Activity Duration Estimating, Schedule Development and Schedule Control. Looking at the relationships between the processes within a Knowledge Area helps you see how they rely on one another through a bigger picture. The Time Knowledge Area is extremely clear cut and several of these processes in practice occur concurrently. Let me quickly walk you through the steps. First the activities are defined in the first process and a list of all schedule activities is created. Those activities are then taken and placed in sequence after figuring out the existing dependencies. The quantity and type of Resources whether people resource, material or equipment is estimated through this process and then based on the information we have so far including the Resource Estimates the duration of the activities as estimated. So at this point, we have the list of activities arranged by sequence with estimates on their duration and utilize resources. With all of this information we can now put together the project schedule in the next process. Of course that schedule must be controlled to make sure that deviations don't get out of control and that changes to the Project Schedule are managed properly. Let's take a look at the snapshot of the processes individually. It's clear by now that the first process generates the activity list but also think about what goes into creating this list. Remember that the WVS was decomposed down to the work package level, this process takes those work packages and decomposing them down to the activity level here. So how the work is broken into manageable pieces, because putting together a list of schedule activities is not an easy task and that's why these tools and techniques reflected here are important and a white template are also valuable. Activity Sequencing takes the activity list and milestones and formats them into schedule network diagrams. Several tools and techniques are also utilized here and we spoke of two primary types of network diagrams that exist. Determining the type and quantity of Resources for each scheduled activity is important in determining the duration. If you have a senior more experience Resource performing the work, then it may move faster. The same with having multiple Resources performing the work as opposed to just one. Notice that we once again are looking at alternatives and the resulting outputs are the activity Resource Requirement, the Resource Breakdown Structure and the Resource Calendar. These will all be important for the next process. In the next process we calculate the duration, there are several Estimating Techniques. We're equipped to handle activities where not enough information has been provided and also situations where we have enough information to come up with a more accurate estimate such as using the 3-Point Estimate Technique. These duration estimates are progressively elaborated and it's important to look at the quality of data that is being used. For example are we creating the preliminary project schedule based on minimal information or do we have detailed information and more accurate estimates and the final resulting outputs are the Duration Estimates. The Schedule Development Process takes all the information we've just covered to create the project's schedule. We spoke at length in the course about the critical path method and other techniques that allow us to look at various angles and scenarios towards creating a realistic project schedule and the results, the project schedule along with all the details included in the schedule data and a schedule baseline. As with the past two Knowledge Areas the Time Knowledge Area has a control process that controls changes. In this case it's to the schedule, this process is concerned with influencing the factors that create change, determining the current status and managing changes to the schedule. You can see these reflected in the tools and techniques which will list several ways of maintaining updated in the status of the project and also in controlling changes through the schedule change control system and you can see the generated performance measurements as an output. I notice all the updates that results from the approved changes and with that we close out this movie and overview of the Project Time Management Knowledge Area. The Knowledge Area contains several calculations and introduce many techniques, you should memorize any associated formulas, know how to calculate them and you can do this by going through several practice questions until you feel comfortable with the process and this also brings to a close, PMBOK part 2. There are two follow up courses, PMBOK part 3 which will focus on the Cost, Quality and Human Resource Related Knowledge Areas and PMBOK part 4 which will focus on Communication, Risk and the Procurement Related Knowledge Areas.