GRA 530 Study Guide - Final Guide: Diminishing Returns, Critical Path Method, Work Breakdown Structure
9 Dec 2016
School
Department
Course
Professor
Document Summary
Identify task relationships finish to start (after one finishes, the other one starts), start to start (tasks can start at the same time) or finish to finish (tasks can finish at the same time) When performed at the same time = concurrent tasks. Milestones those big deliverables and goals you want to achieve after a certain amount of time consecutive tasks = right after each other dependent on the other tasks. Building the cost and schedule estimates by starting from the work packages is called bottom-up estimating labour estimates: estimating the duration of the task, additional people reduce task duration, productivity can reduce duration by way of experience. 4 sources: labour estimates, equipment estimates, materials estimates, fixed-price bids. Step one: forward pass work through a network diagram from start to finish (early start and early finish) Step two: backward pass determine late start and late finish for the project. Step three: calculate float figure out how flexible various tasks are.
