Time Managment

05 May, 2011

During one of our recent Project Management Professional (PMP)® Exam preparation courses we were asked a few questions about Time Management, so we thought it may be useful to post the answers to these questions on our blog.
Time Management is a commonly asked question in the PMP® Exam. In order to achieve the PMP® certification a project manager must be familiar with all aspects of Time Management on the course.

What is time management?
Project Time Management includes the process required to complete timely completion of the project:
• Define Activities
• Sequence Activities
• Estimate Activity Resources
• Estimate Activity Durations
• Develop Schedule
• Control Schedule

What is the Critical Path Method?
Critical Path Method calculates early/late start/finish dates without considering resource limitations. It is done by forward and backward pass through the schedule network paths. Activities on critical path are called “critical activities”
What are the advantages of the Critical Path Method (CPM)?
Critical path and activities are identified which:
• Allows for risk management focus on these activities
• Focus for management intervention E.g. Add resources to critical activities
• Teases out activity interaction and path to completing the work
• A project can have multiple critical paths. That means, the project is more complex to handle

What is a Milestone?
• Represents a major project date, deliverable, beginning or completion of a piece of work
• Examples include contractual obligations, sign-off dates, major block of WBS completion dates
• Represented by black diamond shape
• Has zero duration

If you have any other Project Management related questions that you would like us to answer, just comment under this blog, ask us on facebook or tweet @velopi on twitter!





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