Everything about Project Planning totally explained
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
durations for the various
tasks necessary to complete the
work are listed and grouped into a
work breakdown structure. The logical
dependencies between tasks are defined using an
activity network diagram that enables identification of the
critical path.
Float or slack time in the schedule can be calculated using
project management software. Then the necessary
resources can be
estimated and
costs for each activity can be allocated to each resource, giving the total project cost. At this stage, the
project plan may be optimized to achieve the appropriate balance between
resource usage and project duration to comply with the project objectives. Once established and agreed, the plan becomes what is known as the baseline. Progress will be measured against the baseline throughout the life of the project. Analyzing progress compared to the baseline is known as
earned value management.
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