Schedule Management in Projects and Contracts
Duration: 1 Day 8:00 a.m. - 5:00 p.m.
Continuing Education Hours: 8
This course focuses on the challenging topic of schedule creation and management. Following from the work in scoping to develop the project work packages with attendant deliverables, project/contract activities/tasks are defined which will produce the specified deliverables. Then topics on activity duration estimation and sequencing, network analysis techniques, critical path determination, and the schedule baseline establishment are covered. Schedule compression techniques are introduced, followed by coverage of schedule management through the use of monitoring and control techniques. Several exercises are utilized as a vehicle to ensure participant understanding.
Who Should Attend:
- Anyone who creates or manages contracts, or is involved in planning, executing, or managing projects.
- Anyone who is involved in defining a schedule or determining its feasibility.
Benefits of Attendance – participants will:
- Understand the source of project/contract activities/tasks.
- Demonstrate activity sequencing relationships.
- Recognize the relationship between activity duration estimates and the availability of resources.
- Understand the critical path and the three point techniques when uncertainty is present.
- Produce a schedule baseline for the project or contract.
- Understand management techniques to monitoring and controlling the schedule during project execution.
- Be able to define the relevant activities needed for the project or contract.
- Explain the approach to determining activity relationships and establishing the appropriate sequencing of the activities for a successful effort.
- Understand the importance of establishing the feasible schedule, and identifying the critical path and critical activities for the project or contract.
- Recognize the presence and utility of slack or float in the schedule and use of this asset in planning and managing the schedule.
- Define the basic schedule compression techniques.
- Understand the use and utility of schedule contingency to reduce risk.
- Describe schedule monitoring activities associated with contract administration and/or project execution.
- Be able to control the schedule using appropriate techniques.