The Generic Project Schedule
By Clifford Ananian
Although every project is unique, and its execution plan is specific to its goals and objectives, there are some common rules and tendencies of project schedules that are not project specific.
The purpose of this article is use a simplistic “generic” schedule to illustrate some of these rules and tendencies. The schedule attached below is “generic”. It is a “straw man”. Many who read this will justifiably critique many of the activities, task durations, and links. Because the schedule is “generic”, it lacks depth and detail. However flawed this “generic” schedule may be, it illustrate some guiding principles that govern project execution and reinforces some basic “Rules of Thumb” that are common to most projects.
Generic Schedule – Click to Open (PDF)
Before highlighting some general conclusions that can be drawn from this schedule, it is proper to address the basic assumptions. Read the Complete Article
By Clifford Ananian
It’s time to talk about one of the more controversial topics associated with Project Management: Contingency.
Once a project has been properly defined, one typically has to determine both a schedule and budget for the project scope. This stage of project scope development is the most painful: Everyone has agreed on what they want and now it is time to convince them of what it will cost in both money and time.
Everyone involved in the development of the project scope has an opinion of what the project will cost. Senior Management has an expectation for what the project will cost. It is now time to replace fiction with fact (or at least attempt to replace unsubstantiated fiction with a more grounded fiction!). It is now time to estimate the cost of the project and agree on a budget.
It should be noted that the procedure is a two step process: (1) establish an estimate, and (2) agree on a budget. Read the Complete Article
PM Hut currently has 570 contributors! Please contact us in case you’re interested in publishing your Project Management articles on PM Hut and joining the list below!
An article published on PM Hut may be eligible for PMI PDU credits under the Category D of the CCR Program (Giving Back to the Profession). This category is capped to 45 PDUs per 3 years. Authors claiming their PM Hut published articles for PMI PDUs are required (by PMI) to supply PM Hut’s physical address in their application. Please contact us for this information.
Please note that it is the responsibility of the author to handle the whole process for claiming the PDUs, PM Hut’s role is currently only limited to supplying its own physical address to the author.
Read the Complete Article