I sincerely hope that all such certified personal will be able to answer the following question especially questions 2 and 3, correctly. (Thay are from an exercise in my Project Management class in the MBA program at Suffolk University in Boston):

Activity A has a duration of 10D. It is an SS7 predecessor of B and an FS0 predecessor of C.B has a duration of 10D and is an FS0 predecessor of E.

C has a duration of 8D and is an SS5 predof D and an FS0 predof F.

D has a duration of 10D and is an SS4 predof F.

E has a duration of 7D and is an FS8 predof G.

F has a duration of 15D and is an FS0 predof G.

G has a duration of 10D.

1. Draw the network, do the forward and backward passes, and compute total float.

2. How much time is each critical path activity adding to the project duration

3. If the project’s expected monetary value (EMV) is $400K if completed in 42 days, with a delay cost

of $50K/day and an acceleration premium of $25K/day, and Activity A has a budget of $25K, what is the

true cost of doing Activity A?

Fraternally in project management,

Steve the Bajan

We are pleased to be part of the team launching the Project Time Management Certificate (PTMC) in Australasia. Our first workshop will be held in Canberra as part of the Project Governance and Controls Symposium on the 9^th & 10^th April:

1. Project Time Management Workshop -  9^th April
2. Free Controls Professional networking evening -  9^th April (follows workshop)
3. Project Governance and Controls Symposium -  10^th April

In cooperation with the Chartered Institute of Building, Mosaic will be running a series of practical 1 Day Project Time Management Workshops that will be followed by a PTMC examination conducted by CIOB in the same city a few weeks later.

These workshops are a practical one-day scheduling and planning course that underpin studies for either the CIOB PTMC or the PMI-SP credentials.  Unlike the PMI-SP credential which requires formal training and years of experience for a candidate to be eligible for the examination, the PTMC is designed as a rigorous knowledge test that is open to anyone. Potential candidates can choose to self-study or take a course or any combination that works for them.

The PTMC is designed to provide experienced schedulers with proof they understand their discipline and offer graduates and others wishing to become a scheduler an opportunity to learn the art and skills associated with being a professional planner and scheduler – there is far more to the profession than simply using software!

More information:

1. PTM workshops & the PTMC credential (full schedule of dates): http://www.mosaicprojects.com.au/Training-CIOB_PTMC.html
2. Book into the Canberra workshop: http://wired.ivvy.com/event/GCSM13/page/display/id/18
3. Book into the free networking evening: http://wired.ivvy.com/event/GCSM13/ (scroll down page)
4. Join us at the Project Governance and controls Symposium: http://wired.ivvy.com/event/GCSM13/

Please distribute widely.  These three events are designed to re-frame project controls in Australia and provide an on-going forum for cross-industry, cross-association, cross-discipline discussions to advance the status and understanding of project controls in Australia. 2013 is the foundation year for what is planned to be a regular annual event.

The Symposium and networking events are underwritten by the not-for-profit PM Global Foundation and apart from physical costs, all of the income from the PTM workshop will be used to help develop this important initiative. We look forward to your support. 

Thanks for the informative response Mike, I agree achieveing MCIOB status does seem quite a challenge. 

Vas

Hi there, 

Once you have achieved the Planning/Time Control accreditation could anyone tell me what you must then have to do to achieve MCIOB status? 

Thanks 

Vas