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Key Terms
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Heuristic  A rule of thumb used to make decisions. Frequently found in scheduling projects. For example, schedule critical activities first, then schedule activities with the shortest duration.
Leveling (smoothing)  A technique used to lower the maximum demand for a resource by using slack to realign resource.
Planned value (PV)  The planned time-phased baseline of the value of the work scheduled. Previously this was called budgeted cost of work scheduled (BCWS).
Resource-constrained project  A project that assumes resources are limited (fixed) and therefore time is variable.
Resource profile  A chart showing the usage of a resource in a project over time. It is common to try to reduce the peak of the resource usage by leveling or smoothing, thereby improving the utilization of the resource.
Splitting  A scheduling technique in which work is interrupted on one activity and the resource is assigned to another activity for a period of time, then reassigned towork on the original activity.
Time-constrained project  A project that assumes time is fixed and, if resources are needed, they will be added.
Time-phased baseline  A cost baseline that is derived from the WBS and project schedule. The budgeted costs are distributed to mirror the project schedule.







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