What is the difference between Total and Free Float?
What is the Critical Path?
Explain Earned Value
Earned Value looks at the value earned by the project by a point in time. Two key metrics are the Schedule Performance Index and the Cost Performance Index (SPI and CPI)
Explain the SPI calculation
100m wall, £1,000 per metre, 100 days duration. At day 10 there is 20m of wall complete.
20 divided by 10 = 2.
Greater than 1.0 is good, less is bad.
Can then apply this factor to the end date to get a forecast completion date.
Explain the CPI calculation
100m wall, £1,000 per metre, 100 days duration. At day 10 there is 5m of wall complete, but it’s cost £10,000:
5000 divided by 10,000 = 0.5
Greater than 1.0 is good, less is bad
Divided the total cost by 0.5 to get EAC.
What kinds of Delay analysis are you aware of?
Split in to two key camps: proactive and retrospective.
All require good records and programme data..
How do you create a programme?
How can you show progress on a programme?
What is time at large?
When the EOT mechanism is broken and unenforceable meaning Completion is effectively whatever it ends up being. Removes obligation to pay LADs.
What are some alternatives to a Gantt Chart?
What is the difference between resource levelling and resource smoothing?
Both are used to avoid peaks and troughs, but:
Levelling = when resources are constrained, what is the programme going to be?
Smoothing = when time is constrained, can resources be smoothed out to achieve the end date? I.e. delay some tasks to get the CP done.
Can you explain a time where the programme was impacted?