TAP> Develop, implement and evaluate a project plan

COURSE PURPOSE

Project planning is part of project management, which relates to the use of schedules such as Gantt charts to plan and subsequently report progress, within the project environment.

WHAT YOU’LL LEARN

Project planning is part of project management, which relates to the use of schedules such as Gantt charts to plan and subsequently report progress, within the project environment. Initially, the project scope is defined and the appropriate methods for completing the project are determined. Following this step, the duration for the various tasks, necessary to complete the work, is listed and grouped into a work breakdown structure. Project planning is often used to organise different areas of a project, including project plans, workloads and the management of teams and individuals. The logical dependencies between tasks are defined using an activity network diagram that enables the identification of the critical path. Project planning is inherently uncertain as it must be done before the project is actually started. Therefore the duration of the tasks is often estimated through a weighted average of optimistic, normal and pessimistic cases. The critical chain method adds buffers in the planning to anticipate potential delays in project execution. Float or slack time in the schedule can be calculated using project management software. The necessary resources can then be estimated and costs for each activity can be allocated to each resource, giving the total project cost. At this stage, the project schedule may be optimised to achieve the appropriate balance between resource usage and project duration to comply with the project objectives. Once established and agreed upon, the project schedule becomes what is known as the baseline schedule. Progress will be measured against the baseline schedule throughout the life of the project. Analyzing progress compared to the baseline schedule is known as, earned value management.