Join Bonnie Biafore for an in-depth discussion in this video Components of a project schedule, part of Project Management Foundations: Schedules.
Now let's look at the ingredients that go into a project schedule. Tasks are the foundation of a schedule. They represent the work that has to be done to deliver the project's results. So the project isn't done until all its tasks are done. Time Estimates are a big part of the schedule, because they help determine how long tasks should take. As you'll see when we discuss assigning resources to tasks, time estimates and resources go hand in hand. You can fine-tune your initial estimates when you find out what resources you have, to work on your project.
When you add your time estimates to your tasks, and put them into sequence, you'll find out how long the entire project is. Cost Estimates can affect the schedule, particularly if the price tag comes in too high. When the budget is important, which it almost always is, you can juggle the schedule to trade off between time and money. Resources, like people and equipment, are a huge factor in schedules. They cost money, they're usually in short supply, and they might not be available when you need them. A good chunk of your work will revolve around balancing the project dates and cost with the realities of which resources you get and when they're available.
Now that we've got the ingredients that go into a project schedule, we can look at how they work together.
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- Identifying the work that needs to be done
- Adding milestones
- Delaying or overlapping tasks with lag and lead time
- Assigning resources
- Balancing workloads
- Adding buffers and baselines to the schedule
- Uncovering and correcting out schedule problems<br><br>
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