Let’s look at the road so far. First, you created a task list and milestones by decomposing the work packages in your WBS. Then, you sequenced activities based on dependencies and relationships. After which, you estimated your resources and durations, taking into consideration dates, and effort, lead, and lag time, along with those estimates for the duration of the tasks. Now, we have a schedule. What we don’t have is a finish date, a total duration, and the answer to the question of how long it will take. That brings us to schedule creation. There are several techniques we will go through and I’m sure you have noticed that time management takes a lot of time to review!
The techniques we will cover are these:
- Critical path
- Critical chain
- Monte Carlo technique
- Schedule compression
- Resource optimization
Before we dive into the...
