PROGRAM AND PORTFOLIO MANAGEMENT 641

ASSIGNMENT 2

NIGEL, Student ID: xxxxx

Submission Date: 25th July 2014

Time-Phase Baseline, Gantt Chart and Project Scheduling

Contents
1. Why is it critical to develop a time-phased baseline for a planning project and managing its

performance? ..................................................................................................................................................... 3 2. 3. How does a Gantt Chart Differ from a Project Network Diagram? .......................................................... 5 Techniques to Compress and Adjust a Project Schedule........................................................................... 7

Reference List.................................................................................................................................................... 9

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1. Why is it critical to develop a time-phased baseline for a planning project and managing its performance?

Time phased baseline is the distribution of activities, tasks, milestones, and resources over an appropriate time scale for the scheduled completion of a plan, program, or project. A time-phased baseline is critical for planning a project because it allows the project team to visually examine the project from a time sequence and cost (Larson and Gray 2011, 459). The phase-baseline begins with the breakdown of individual activities or tasks. This is condensed or group into a Work Breakdown Structure (WBS). A project manager or its stakeholder is able to visualise the WBS of activities in relation to the timeline of the project. A task is normally subject to occur during a business day. If you execute the planning process on a non-valid workday, the planning process considers the next valid workday. For example, if you execute the planning process on a Saturday, the planning