Activity (1) A component of work performed during the course of a project. See also schedule activity. (2) A task or set of tasks that are carried out in order to create an assignable deliverable. Task and activity are sometimes used interchangeably. ...
An activity is typically one stage of a project management plan. Each activity consists of one or more actions that, upon completion, will lead to the next project stage. Taken together as a series, the activities will result in the final deliverable. Each activity has a defined start and ...
Scheduling in project management is the listing of activities, deliverables, and milestones within a project. A schedule usually includes a planned start and finish date, duration, and resources assigned to each activity. Effective project scheduling is a critical component of successful time management...
Resource allocation is a step in the larger project resource management process that involves estimating resources, procuring resources, allocating resources andtracking resourcesuntil the project is completed. The main objective of the project resource allocation stage is to ensure that resources are spent...
What is resource leveling in project management? When should you use resource leveling? How (and where) do you use resource leveling? A Gantt chart breaks down projects into timelines, tasks, and delivery dates.Gantt charts are great tools for planning your projectsand visually representing project...
- Scope management entails defining and managing scope, developing a work breakdown structure (WBS), and gathering requirements.- Time management is the process of planning, defining, and developing schedules, activities, estimating resources, and determining activity durations.- Cost management entails ...
A work package is a sequence of activities that leads to a deliverable when usinga work breakdown structure (WBS).to map your project scope. In a sense, it’s a sub-project of the larger project. There’s a difference, however, between a work package andan activity in a project.A wor...
This knowledge area helps you understand the activities in the project, the sequence of those activities, and how long they are going to take. Cost - It is all about handling the project's finances. The big activity in this knowledge area is preparing your budget which includes working out ...
This activity can be done right at the beginning instead of the project running behind schedule or overrunning the cost late, which might be of more severe consequences. The project sponsor would have no option and will listen to your recommendation when you justify them with your project schedul...
Kantata is a well-rounded resource management & PSA software that bridges the core planning, execution, project accounting, and analysis systems in a single operating environment. Why I picked Kantata:It has modules for project management, accounting, resource management, business intelligence, and tea...