W4A1

Project Planning Tools and Controlling

Taking a step back we know the success of the project depends onthe amount of attention given to resource planning. Project budgetsand schedules are managed off the careful planning of the resourcesrequired to complete the project. One way to assure accuracy of theestimate for resources is to ask the team to figure out thehours.

Respond to one of the following bulletpoints:

-How should budgeting, scheduling, and resource loading orleveling be most logically accomplished in terms of theirchronological order? How would resource-constrained schedulinghelp, hinder, or change your recommendations?

-What are some potential problems with the top-down andbottom-up budgeting processes? What are some ways of dealing withthese potential problems? In preparing a budget, what indirectcosts should be considered?

-What characteristic(s) of the critical path times makes themcritical? What two factors are compared by Gantt charting? How doesthe Gantt chart differ in purpose from the project masterschedule?

-Contrast total slack and free slack. What is the averageresource load factor? How is it used to determine projectcompletion times? What are two methods for addressing theconstrained resource allocation problem?

PS: Please respond in a very thorough manner AND be surethat the answer is not just copy and pasted from a chegg post thathas already been answered and used. Thank you.