Module 6: Estimating Project Times

In this module you will create a Critical Path Diagram sometimes known as a Network Diagram.  In project management, a critical path is the sequence of project network activities which add up to the longest overall duration, regardless if that longest duration has float or not. This determines the shortest time possible to complete the project.

Learning Objectives

After reading this chapter, you will be able to:

  1. Define terms related to scheduling.
  2. Be able to calculate parametric estimates.
  3. Understand how cost and time are summarized in a WBS.
  4. Understand the process of decomposition is used to create a WBS.
  5. Understand the difference between a deliverable and work package.
  6. Understand the WBS numbering system.
  7. Understand top-down estimation methods.
  8. Understand bottom-up estimation methods.
  9. Be able to calculate learning curves and apply them.
  10. Discuss issues related to moving from the planning phase of a project to the scheduling phase.
  11. Explain concepts related to the critical path method including schedule compression.

Text Attributions

This chapter of Project Management is a derivative the following texts:

Essentials of Project Management by Adam Farag is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

License

Icon for the Creative Commons Attribution 4.0 International License

Project Management Basics Copyright © by Sharon Blanchard is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.