1. BSBPMG503A Manage Project Time 6.5 Develop Schedule The process of analysing activity sequences, durations, resource requirements and schedule constraints to create the project schedule All this data is entered into a project scheduling tool which generates a schedule with planned dates for completing project activities An iterative process with several cycles of refinement Baseline Schedule developed in Planning Phase Simultaneous with 6.1, 6.2, 6.3 & 6.4 Adapted from PMBOK 4 th Edition InitiationPlanning ExecutionClose Monitor Control

2. BSBPMG503A Manage Project Time 6.5 Develop Schedule Inputs to Develop Schedule Activity list and attributes Project Schedule Network Diagrams – relationships and dependencies Activity Resource Requirements Resource Calendars Activity Duration Estimates Project Scope Statement Project Scheduling Tool Scheduling Methodology and Standards Overall Project Calendar and Priorities Adapted from PMBOK 4 th Edition InitiationPlanning ExecutionClose Monitor Control

3. BSBPMG503A Manage Project Time 6.5 Develop Schedule Tools and techniques to Develop Schedule Adapted from PMBOK 4 th Edition InitiationPlanning ExecutionClose Monitor Control Critical Chain Method Scheduling Tool Schedule Network Analysis Critical Path Method Resource Levelling Schedule Compression Applying Leads & Lags What-if Scenario Analysis

4. BSBPMG503A Manage Project Time Critical Path Method Was developed in the 1950s by the Dupont Corporation The Critical Path Method, abbreviated CPM, or Critical Path Analysis, is a mathematically based algorithm for scheduling a set of project activities. It takes the activities in the Work Breakdown Structure, the durations and the interdependencies, and calculates the longest path through the project. It is the longest total duration of all the activities required to complete a project Advanced techniques and calculations (such as early start and early finish dates, and late start and late finish dates) are now carried out using project scheduling tools Does a forward and backward pass through the schedule with no regard for resource limitations Critical Path & Critical Chain Adapted from PMBOK 4 th Edition

5. BSBPMG503A Manage Project Time Critical Chain Method Undertakes the same form of analysis and calculations, but takes into consideration the resource availability and constraints Takes the Critical Path and resource availability to produce a resource constrained critical path OR Critical Chain It is the longest total duration of all the activities required to complete a project, considering resource availability and limitations Often done simultaneously with Critical Path Critical Path and Critical Chain Adapted from PMBOK 4 th Edition Critical Chain = Resource Constrained Critical Path

6. BSBPMG503A Manage Project Time Schedule Compression Shortens the project schedule without changing project scope 1. Crashing Only works for activities where additional resources will shorten duration Does not always produce a viable schedule Always results in increased cost Sometimes results in increase risk Cost Risk Crashing leads to increased

7. BSBPMG503A Manage Project Time Schedule Compression Shortens the project schedule without changing project scope 2. Fast Tracking Phases or activities normally performed sequentially are performed in parallel Only works if activities can be overlapped to shorten duration May result in rework and increased risk Can result in decreased cost Cost Risk Fast Tracking leads to decreased increased Rework increased

8. BSBPMG503A Manage Project Time 6.5 Develop Schedule The major outputs of this process Project Schedule –Milestone charts –Bar chart – GANTT charts –Project Schedule Network Diagrams – PERT Charts Schedule Baseline Revised Activity Resource Requirements Revised Activity Attributes Project Calendar Revised Risk register Adapted from PMBOK 4 th Edition InitiationPlanning ExecutionClose Monitor Control