Question

According to most project management literature, the key items to be planned, monitored, and controlled are __________.

Answer 1

Answer:

The correct answer is schedule (time), budget (cost) and performance (resources).

Explanation:

To develop the Schedule, the outputs of the processes will be used together with the determined planning tool:

1. Plan the Schedule Management. It consists of establishing the necessary policies, procedures and documentation. In order to plan, develop, direct and control the Project Schedule.
2. Define the Activities. It consists of identifying those activities necessary to carry out the Project successfully.
3. Sequence the Activities. It consists of identifying and documenting what kind of dependency exists between the different activities.
4. Estimate resources of the Activities. It consists in estimating what type and amount of resources we need and are available to execute each activity.
5. Estimate the duration of the Activities. It consists of establishing approximately how much time is necessary to complete each activity. As well as the number of resources estimated in the previous process.
6. Develop the schedule. It consists in analyzing and integrating the order of execution of activities, their duration, resource requirements and possible restrictions. All this, integrated into the planned planning tool, will generate the Project Schedule, and with it the Baseline of the Schedule.
7. Check the schedule. It consists of following the status of the Project, monitoring its progress and comparing with the baseline to manage possible changes.

The work necessary to carry out the six processes of Time Management must be preceded by a planning effort by the Project team, which is part of the process Develop the Project Management Plan. From it we will obtain, among others, the Schedule Management Plan that determines a methodology, the planning tool used, the format and the criteria to develop and control the Project Schedule.

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