Summarize: MS Project 2010

To set up project for this type of scheduling, you set the task type to fixed
work or Fixed Units, with Effort Driven turned on. Note that effort-driven is
synonymous with fixed-work.
An Effort Driven approach fixes the work in conjunction with the task type. By
default, Fixed Work is Effort Driven.
WORK=DURATION * UNITS

Creating a new calendar doesnt automatically assign it anywhere in your

plan.
Calendar directly affects the scheduling of start and finish dates.
Instead of modifying the standard calendar, I suggest creating a new
calendars that can be applied to the project, tasks or resources.
If you change the project calendar from the Project information Dialog box,
the new calendar will affect all tasks in the project schedule.
A milestone: duration of zero to a task, it automatically changes to a
milestone and is represented in the Gantt bar area by a diamond.
Minutes=mins
Hours=hrs
Days=days
Weeks=wks
Months=mons
For red lines pick at the inspect button in task tab.

The default unit for work estimates is hours. You can enter work in minutes, hours,
days, weeks, or months. Work for milestone should be 0.

PERT = Program or project Evaluation and Review Technique. Its used to estimate
and analyze the time needed to complete each task. It helps to incorporate the
uncertainty of estimating by looking at the minimum time to complete a project in
conjunction with the most likely and maximum time to complete a project. The
technique is applying weighted values of optimistic (O), pessimistic (P) and most
likely (M) time estimates for tasks.
PERT estimates = (O+4M+P)/6
Elapsed time = is the difference between start and end dates, inclusive of all
dates.
Work= person-hours (effort or labor) that go into task.

Red underline= MS project give you a warning.

Green underline= MS project give you a suggestion.
Critical Path

Tasks that arent on the critical path have: slack time. It means flexible time
in a schedule that lets tasks slip without causing schedule days.
The latest start minus the earliest start is the float or the slack. Free slack is
the amount of time you can delay a task before it affects the start of the first
successor.
The critical path is the set of tasks in the plan of which there is no slack. Any
slippage in task on the critical path results in the project finishing beyond its
target completion date.
Calculating the critical path method: first calculating earliest start (ES), latest
start (LS), earliest finish (EF), and latest finish (LF) and then calculating if
there is any difference. If there is a difference, then the task will have slack
associated with it; if there isnt, then the task will have zero slack. Any task
with zero total slack means cant be delayed without pushing out the end
date of project and therefore is on the critical path.
Using deadlines also affects the calculation of the critical path. Because the
total slack is recalculated by using the deadline date rather the tasks late
finish.