Key Terms

Accurately planning a project budget and schedule is one of the most difficult tasks you'll face as a project manager. Know the processes I've discussed and the terms used to identify them in the PMBOKĀ® Guide. Here's a list of the schedule planning processes you'll need to be successful.

Define Activities Sequence Activities Estimate Activity Resources Estimate Activity Durations Develop Schedule

You've also learned a lot of new key words in this chapter. PMI has worked hard to develop and define standard project management terms that apply across industries. Here is a list of some of the terms you came across in this chapter:

activity duration estimates analogous estimating backward pass bar charts buffer contingency time crashing critical chain critical chain method critical path (CP)

critical path method (CPM)

fast tracking float time forward pass

Gantt charts milestone charts parametric estimating

Program Evaluation and Review Technique (PERT)

project calendars project plan project schedule reserve time resource calendars resource leveling resource-based method resources reverse resource allocation scheduling schedule baseline schedule compression schedule network analysis slack time three-point estimates top-down estimating

Project Management Made Easy

Project Management Made Easy

What you need to know aboutā€¦ Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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