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Critical Path the combination of activities that, if any are delayed, will delay
the projects finish
Float amount of time an activity may be delayed before it moves the projects
critical path
Free Float amount of time an activity may be delayed before impacting early
start of any subsequent activity
Communication Channels
N ( N 1 ) / 2 ; Where N = the number of people in your team
Point of Total Assumption (PTA) The cost point beyond which the Seller incurs
all incremental costs, assuming 100% of the risk of cost increases.
PTA = Target Cost + ((Ceiling Price Target Price) / Buyers Share)
Remember: Cost + Profit = Price
Earned Value:
BAC = Total Budgeted for the project
PV= Planned % Complete X BAC (BCWS)
EV= Actual % Complete X BAC (BCWP)
AC= Sum of the actual costs (ACWP)
Forecasting:
EAC1= BAC / CPIC (Continue present CPIC)
EAC2= AC + bottom-up ETC (Most common; disruptive)
EAC3= AC + BAC-EV (Perform at budgeted rate)
EAC4= AC + (BAC-EV) / (CPI X SPI) (Constrained schedule)
ETC= EAC ACC
VAC= BAC EAC