2
Schedule Management Plan
- Predictive Methodology
Introduction
The schedule management plan outlines how the project will be planned, designed, executed,
monitored, and controlled (PMI, 2021). It will outline the project manager and team's approach,
methodologies, milestones, and timeline for each activity. This document will be used to measure
Project Destiny's performance. We'll define variance thresholds to take corrective action when
necessary to ensure we can complete the project on time and within budget.
To prevent a project from deviating too far from the planned schedule, earned value metrics can
provide insight into a project's current performance and predict future behavior (PMI, 2021).
Regarding the schedule, the schedule variance (SV) measures whether a project is behind or
ahead of schedule (PMI, 2021). This will aid the project manager in monitoring the project's
schedule to ensure no additional finances are incurred. The schedule performance index (SPI)
monitors how efficiently the project progresses compared to the plan (PMI, 2021). It helps
evaluate the accuracy of a schedule and how well the project team is using its time. The schedule
management plan will outline regular intervals to manage the schedule and establish baselines
and action plans when variances occur.
Schedule management approach
First, we'll need to identify all the activities and tasks to be completed for the project. This can be
done with working sessions, consulting with team members/SMEs, or assessing previous
projects. Then, determine the order of each activity and task. Creating a network diagram can aid
in visually indicating the sequential order. Some activities may need to be done sequentially, and
some could be done in parallel. Then, we'll need to estimate how long each will take. Analogous
and three-point estimating techniques were used for Project Destiny to estimate activity
durations. Then, we'll need to develop a schedule by inputting all activities sequentially by their
durations. Using this schedule will help with developing a timeline. Lastly, we'll need to review
with vital stakeholders. Necessary adjustments will be made before finalizing the schedule.
Activity list
The activity list outlines all the activities required for Project Destiny. The chart will include the activity
name/description predecessor and the estimated work item. The project manager will be responsible for
ensuring all items are captured and continuously reviewing the WBS and timeline to ensure all items are
being handled timely.
WBS
WBS Name
Predecessor WBS ID
Estimated Time (Weeks)
1.1
Legal and Regulatory
1.1.1
Lease Finalization
-
4
1.1.2
Obtain Permits
1.1.1
10
1.1.3
Zoning Approvals
1.1.1
8
1.1.4
Select Contractor
-
-
1.1.5
Certification Completion
-
-
1.2
Initial build-out
1.2.1
Office construction
1.2.2, 1.2.3
12
1.2.2
Construct pod for quality
department
1.1.2, 1.1.3
16
1.2.3
Construct pod for supervisors
1.1.2, 1.1.3
