During project management a very important and basic step is program or task scheduling. Project managers give a very significant importance to this. This article proves to be of great help for project managers who focus on the importance of scheduling.
While scheduling there are a number of terms that should be known.
Few of them are listed below.
While working towards a larger goal, a task or process to be accomplished in a set period of time is called activity.
The actual or real amount paid for labors or materials.
An ordered link between two activities representing the order of execution.
Approved change request:
A prove that can be a document which approves changes made to the contract.
Approved and reviewed by all stakeholders
Backward pass (backward plan):
Also known as critical path calculation, calculates earliest dates for activities on the network. It works backwards to find the finish dates and latest starts.
A chart on which bars are used to represent activities. Lined up on an X axis time scale, length of the bar represents time duration.
A set of dates and cost frozen at the start of the project and is used in evaluating the performance.
An estimate of a potential change that can be made to a project, which helps in determining the overall cost of the project. Main focus is in cost, resources and scheduling.
The effect of a change on the whole project
A payment that is not yet made but is committed by the stakeholders, it can b in the form of a purchase order or a contract which is not recoverable.
Cost break down structure:
Breaking down in to cost elements for cost control planning.
An activity being carried out on the critical path of the project
A sequence of network activities, which adds up to the longest over all duration. Which determines the shortest time to complete the project
Critical path analysis:
Analysis using the longest path of a project. This aims to identify whether the project can be completed on time and tasks are a barrier between the project and its timely completion. The mile stones are identified and eliminated.
Mainly used in scheduling software tell us the starting and ending date of tasks and sub tasks in a project. Often used to delay activities or imposed date deadlines in a schedule.
A labor which can be directly allocated to the output of a productive account. It can either be allocated to a cost Centre. Usually not directly related to output.
Double resource estimated duration:
If the assigned levels of resources have doubled, it successfully measures the length of the activity duration
These all tasks are a very important and essential part of scheduling. These primary key factors helps the project managers in scheduling the tasks for getting maximum progressive output from the project.