I'll answer the second part of your question first. I tend to not schedule a brew day around a starter. The yeast are very hearty little beasts and can tolerate a lot. They will keep nicely in the fridge for many days, or longer, until you can schedule a brew day. After extended time in the fridge, more than a couple of weeks, the yeast should be reactivated by pitching them into a fresh starter wort.
Here is my method of making a starter. I make 2500 ml starters for all my beers. Really big beers are pitched onto the yeast cakes of beers made with 2500 ml starters. I know lagers need larger starters than that, but I don't lager yet. Using the metric system to determine how much DME to use to get the SG of the starter wort to about 1.040 makes it really easy. Use a 10:1 ratio of water/DME.
So when I make a 2500 ml starter, I weigh out 250 grams of DME and add it to the 3000 ml flask that I have. Then I add enough water to obtain a final volume of 2700 ml, to allow for some boil off. A few pinches of yeast nutrient, add the stir bar and the flask is onto the stove to boil for 15 minutes. I use
Foam Control Drops to keep from having boil overs. Even with the drops, because I've got 2700 ml in a 3000 ml flask, I have to remove the flask from the heat from time to time to keep from boiling over. I use a big oven mitt to carefully move the flask around. Right at the end of the boil I place a piece of folded up aluminum foil , that had been soaking in Star-San, over the top of the flask and let it sit for a little while before moving it to a cold water bath. I let the flask sit in a pot of tap water and just keep changing the water and swirling the flask until it's around room temperature. This takes about 20-25 minutes or so. You can add some ice if you want to speed it up.
Once cooled, I use a small tank of O2 and a sanitized diffusion stone and add O2 for about 15-20 seconds. Then I add the yeast from the vial or the smack pack. I add a 15 second blast of O2 every 15 minutes for the first hour, put the foil back on, and then it's onto the stir plate with the speed set to just fast enough to keep the yeast in suspension, about a 1/2" deep vortex in the top of the liquid. The yeast will go to town on the relatively small amount of wort and if your not looking you might miss it. Since foam control was used during the boil I don't get much, if any, krausen to speak off.
The yeast will be mostly done increasing their cell count in about 18-24 hours, but I actually let them go for a full 48, sometimes 72 hours. Then it's into the fridge for a couple of days to let the yeast settle out. When I'm ready to use the yeast I carefully decant off all of the spent wort, leaving only enough to swirl the yeast back into suspension. Some people like to pitch the yeast cold, while some like to bring it up to wort temp first, but I'll leave that debate for another day. In either case the yeast gets pitched into 5 gallons of wort that I will oxygenate with about 60-90 seconds of O2. Be careful not to pitch your stir bar into the wort along with the yeast. Ask me how I know.
Even with foam control drops in the 5 gallon wort boil, since I began making starters this way, and adding O2 to the the 5 gallons of wort, I get very aggressive, and more importantly, complete fermentations. Sorry for the long winded post, but you asked.
John