MGMT6058 Lecture Notes - Lecture 3: Key Schedule, Weighted Arithmetic Mean, Performance Measurement
Document Summary
Project schedule model development: what methodology and tool will be used to develop the schedule. Level of accuracy: the acceptable range used in determining the realistic activity duration estimates. Units of measure: time measures (such as staff hours or staff days) and quantity measures such as (imperial or metric) are defined for each of the resources. Organizational procedure links: the wbs provides the framework for the schedule management plan. Schedule maintenance: how the schedule will be updated and statused. Control thresholds: what variance is allowed before some action needs to be taken. Rules of performance measurement: how percent complete is reported, control accounts at which management of progress will be measured, earned value measurement techniques to be employed, schedule performance measurement to be used. Reporting formats: the formats and frequency for the various schedule report are defined. Process descriptions: descriptions of the schedule management processes are documented.
