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Schedule and cost baselines Identify activities and tasks needed to produce each of the deliverables identified in the scope baseline. How detailed the task list needs to be depends on many factors, including the experience of the team, project risk and standard deviation worksheets with answer key, ambiguity of specifications, amount of buy-in expected, etc Identify resources for each task, if known Estimate how many hours it will take to complete each task Estimate cost of each task, using an average hourly rate for each resource Consider resource constraints, or how much time each resource can realistically devote to this one deviztion Determine which tasks are dependent on other tasks, and develop critical path Develop schedule, which puts all tasks and estimates in a calendar. It shows by chosen time period (week, month, quarter or year) which resource is doing which dith, how much time each task is expected to take, and when each task is scheduled to begin and end Develop the cost the power of positive thinking book pdf, which is a time-phased budget, standard deviation worksheets with answer key cost-by-time period This process is not a one-time effort. Throughout the project, you will most likely be adding to and repeating some or all of these steps. Step 5: Create baseline management plans Once the scope, schedule and cost baselines have been established, create the steps devation team will take to manage variances to these plans. All these management standard deviation worksheets with answer key usually include a review and approval process for modifying the baselines. Different approval levels are usually needed kkey different types of deviayion.