COMM 153 Lecture Notes - Lecture 15: Cash Flow, Gantt Chart, Critical Path Method
9 Jan 2017
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Document Summary
Lec15: project planning ii: project scheduling & budgeting. Ensures the project is on-track and can be completed within required time frame: procedure, define activities. What are project budgeting best practices: gives outline of where budget is allocated; estimates & accounts for risks & uncertainties, crucial for managing expectations, accurately measuring project performance, and managing cash flow. Project schedule indicates order of things needed to do, with time estimates & determines how long project will take. Steps to determine project schedule: defines activities necessary to create deliverables (wps, sequence activities based on dependency, creates network/precedence diagram, estimate resources & time required to do each activity, develop schedule, critical path method (cpm) Relationships between project & non-project activities (outside team"s control) Shorten activity by spending more on resources; helps with fixed work. Network diagrams: uses nodes & arrows; date info added to each activity node, highlights critical path & shows project logic (flow, use responsibility matrix to help outline roles & responsibilities.
