Real-World Project Management. Chapter 15
|
|
- Brandon Phelps
- 5 years ago
- Views:
Transcription
1 Real-World Project Chapter 15
2 Characteristics of Project Unique one-time focus Difficulties arise from originality Subject to uncertainties Unexplained or unplanned events often arise, affecting resources, objectives and timelines Multiple stakeholders Different interests in both the processes and outcomes of the project, 2006, Thomson 2
3 Characteristics of Project No clear authority Project chain of command may conflict with the formal structures of the participating organizational units, 2006, Thomson 3
4 Measuring Project Success Stakeholders determine the degree of success for each project undertaken For example, success may be measured by savings in operating costs or revenue generated Complications arise when different groups of stakeholders have different interests, values and objectives Stakeholders must be identified, prioritized and their measures of success well understood Process must be developed to achieve the desired results, 2006, Thomson
5 Qualitative Methods for Achieving Success The path to success lies in conservative planning Establishes the opportunity to exceed expectations Stakeholder expectations must be managed Expectations must be controlled and managed over time Project managers must possess both technical and soft skills Work objectives must be clearly defined in order to decrease the possibility of scope creep, 2006, Thomson 5
6 Qualitative Tools and Techniques for Project Network diagramming is one of the most versatile techniques for planning Graphic illustration of the activities in a project and their relationship Provides a timeline, critical path, activities on the critical path, 2006, Thomson 6
7 Choosing a Project Network Diagramming Technique To commonly accepted approaches are Activity on Node (AON) and Activity on Arrow (AOA) Using activity on node (AON), nodes represent activities and arrows show precedence. Using activity on arrow (AOA), arrows are activities and nodes are events. Precedence is captured in event relationships., 2006, Thomson 7
8 Ways to Diagram Common Activity Relationships, 2006, Thomson 8
9 Ways to Diagram Common Activity Relationships, 2006, Thomson 9
10 Activity Information for the Systems Development Project, 2006, Thomson 10
11 Diagramming the Systems Development Project, 2006, Thomson 11
12 MS Project Network Diagram for the Systems Development Project, 2006, Thomson 12
13 Developing a Project Schedule A project network can be used to develop a project schedule or plan The duration of a project is equal to the longest path on the project network This is the critical path A project may contain more than one critical path Activity slack is the amount of time a project can be delayed before it becomes critical, 2006, Thomson 13
14 Computing Earliest Start and Earliest Finish Times 0 A C E I 17 1 Start Finish 0 B D F H 16 3 Early Start 8 G 12 Early Finish Activity Duration, 2006, Thomson 1
15 Computing Late Start and Late Finish Times 0 0 A C E I Start Finish 0 1 B D F H Late Start 8 9 G Late Finish, 2006, Thomson 15
16 MS Project Gantt Chart for the Systems Development Project, 2006, Thomson 16
17 MS Project Schedule Table for the Systems Development Project, 2006, Thomson 17
18 Probabilistic Project Treat activities as if they are common variables and assign probabilities to activity times to reflect the inherent uncertainties Calculate an optimistic time (a),a most likely time (m) and a pessimistic time (b) Probabilities for activity times are taken from the beta distribution The formula for te is a weighted average of the three time estimates in which the most likely time (m) is weighted four times that of either the optimistic or pessimistic times, 2006, Thomson 18
19 Analyzing Probabilities Assume that the duration of all activities are independent from each other Activity times are random variables Let T = due date for the project, TE = expected completion time for path T, T E and 2 can be used to calculate a z-score The value of z is the number of standard deviations that the project due date is from the expected completion time, 2006, Thomson 19
20 Time Estimates and Activity Statistics, 2006, Thomson 20
21 Making Time, Cost and Performance Trade-Offs Project completion dates are generated in isolation of management expectations and may demonstrate no relationship to their desires To meet stakeholder expectations, you may: Add resources Reduce performance specifications Change management expectations Combine the previous alternatives, 2006, Thomson 21
22 Making Time-Cost Trade-Offs Adding resources may add complexity and increase project length Accurate estimates regarding the times and costs involved are necessary Normal time (NT) = Expected activity duration without crashing Normal cost (NC) = Expected activity costs without crashing Crash time (CT) = Expected activity duration with crashing Crash cost (CC) = Expected activity cost with crashing, 2006, Thomson 22
23 Crashing Information for the Systems Development Project, 2006, Thomson 23
24 Chapter Summary Projects are complex and dynamic such that the process of planning never ends until the project is completed Characteristics of projects include: unique, one-time focus, subject to uncertainties, multiple stakeholders, and often no clear authority Success lies in the eye of the stakeholders A network diagram is an exceptional tool that helps to determine the schedule and answer questions with regard to deliverables, 2006, Thomson 2
Project Planning. Identifying the Work to Be Done. Gantt Chart. A Gantt Chart. Given: Activity Sequencing Network Diagrams
Project Planning Identifying the Work to Be Done Activity Sequencing Network Diagrams Given: Statement of work written description of goals work & time frame of project Work Breakdown Structure Be able
More informationProject Management. Chapter 2. Copyright 2013 Pearson Education, Inc. publishing as Prentice Hall
Project Management Chapter 2 02-0 1 What is a Project? Project An interrelated set of activities with a definite starting and ending point, which results in a unique outcome for a specific allocation of
More informationSCHEDULE CREATION AND ANALYSIS. 1 Powered by POeT Solvers Limited
SCHEDULE CREATION AND ANALYSIS 1 www.pmtutor.org Powered by POeT Solvers Limited While building the project schedule, we need to consider all risk factors, assumptions and constraints imposed on the project
More informationINSE 6230 Total Quality Project Management Winter 2018 Quiz I. Max : 70 points. This is a closed book exam. Answer all the questions in the booklet.
. Surname, given names: Student Number: INSE 6230 Total Quality Project Management Winter 2018 Quiz I. Max : 70 points This is a closed book exam. Answer all the questions in the booklet. Ensure that your
More informationPROJECT MANAGEMENT: PERT AMAT 167
PROJECT MANAGEMENT: PERT AMAT 167 PROBABILISTIC TIME ESTIMATES We need three time estimates for each activity: Optimistic time (t o ): length of time required under optimum conditions; Most likely time
More informationInternational Project Management. prof.dr MILOŠ D. MILOVANČEVIĆ
International Project Management prof.dr MILOŠ D. MILOVANČEVIĆ Project time management Project cost management Time in project management process Time is a valuable resource. It is also the scarcest. Time
More informationUNIT-II Project Organization and Scheduling Project Element
UNIT-II Project Organization and Scheduling Project Element Five Key Elements are Unique. Projects are unique, one-of-a-kind, never been done before. Start and Stop Date. Projects must have a definite
More informationProject Management Professional (PMP) Exam Prep Course 06 - Project Time Management
Project Management Professional (PMP) Exam Prep Course 06 - Project Time Management Slide 1 Looking Glass Development, LLC (303) 663-5402 / (888) 338-7447 4610 S. Ulster St. #150 Denver, CO 80237 information@lookingglassdev.com
More informationTextbook: pp Chapter 11: Project Management
1 Textbook: pp. 405-444 Chapter 11: Project Management 2 Learning Objectives After completing this chapter, students will be able to: Understand how to plan, monitor, and control projects with the use
More informationTeori Pengambilan Keputusan. Week 12 Project Management
Teori Pengambilan Keputusan Week 1 Project Management Project Management Program Evaluation and Review Technique (PERT) Critical Path Method (CPM) PERT and CPM Network techniques Developed in 195 s CPM
More informationProgram Evaluation and Review Techniques (PERT) Critical Path Method (CPM):
Program Evaluation and Review Techniques (PERT) Critical Path Method (CPM): A Rough Guide by Andrew Scouller PROJECT MANAGEMENT Project Managers can use project management software to keep track of the
More informationCHAPTER 9: PROJECT MANAGEMENT
CHAPTER 9: PROJECT MANAGEMENT The aim is to coordinate and plan a single job consisting lots of tasks between which precedence relationships exist Project planning Most popular planning tools are utilized
More informationA convenient analytical and visual technique of PERT and CPM prove extremely valuable in assisting the managers in managing the projects.
Introduction Any project involves planning, scheduling and controlling a number of interrelated activities with use of limited resources, namely, men, machines, materials, money and time. The projects
More informationAppendix A Decision Support Analysis
Field Manual 100-11 Appendix A Decision Support Analysis Section I: Introduction structure development, and facilities. Modern quantitative methods can greatly facilitate this Complex decisions associated
More informationINSE 6230: Assignment 1 - Winter (0% of final grade) 1. The table below provides information about a short IT project.
INSE 6230: Assignment - Winter 208 (0% of final grade). The table below provides information about a short IT project. Activity Predecessors Duration (Months) A - 2 B - 3 C A 4 D A, B 2 E D 2 F B, C, E
More informationIntroduction. Introduction. Six Steps of PERT/CPM. Six Steps of PERT/CPM LEARNING OBJECTIVES
Valua%on and pricing (November 5, 2013) LEARNING OBJECTIVES Lecture 12 Project Management Olivier J. de Jong, LL.M., MM., MBA, CFD, CFFA, AA www.olivierdejong.com 1. Understand how to plan, monitor, and
More informationProject Management Chapter 13
Lecture 12 Project Management Chapter 13 Introduction n Managing large-scale, complicated projects effectively is a difficult problem and the stakes are high. n The first step in planning and scheduling
More informationProject Management Techniques (PMT)
Project Management Techniques (PMT) Critical Path Method (CPM) and Project Evaluation and Review Technique (PERT) are 2 main basic techniques used in project management. Example: Construction of a house.
More informationProject Planning. Jesper Larsen. Department of Management Engineering Technical University of Denmark
Project Planning jesla@man.dtu.dk Department of Management Engineering Technical University of Denmark 1 Project Management Project Management is a set of techniques that helps management manage large-scale
More informationGPE engineering project management. Project Management in an Engineering Context
GPE engineering project management Project Management in an Engineering Context Network diagrams in context PM SOW CHARTER SCOPE DEFINITION WBS circulation, negotiation, translation WBS WP à activities
More informationSCM 301 (Solo) Exam 1 Practice Exam Solutions
1. D $118,000 www.liontutors.com SCM 301 (Solo) Exam 1 Practice Exam Solutions The first thing we need to do here is use the information given in the table to create a network diagram. Once we have a network
More informationPROJECT MANAGEMENT CPM & PERT TECHNIQUES
PROJECT MANAGEMENT CPM & PERT TECHNIQUES FLOW OF PRESENTATION INTRODUCTION NETWORK PLANNING ESTIMATING TIME CPM PERT Project Management Project A project is an interrelated set of activities that has a
More informationSCM 301 (Lutz) Exam 1 Practice Exam Solutions
1. D $118,000 www.liontutors.com SCM 301 (Lutz) Exam 1 Practice Exam Solutions The first thing we need to do here is use the information given in the table to create a network diagram. Once we have a network
More informationWHY ARE PROJECTS ALWAYS LATE?
WHY ARE PROJECTS ALWAYS LATE? (what can the Project Manager DO about that?) Craig Henderson, MBA, PMP ARVEST Bank Operations Introduction PM Basics FIO GID KISS (Figure it out) (Get it done) (Keep it simple,
More informationCOPYRIGHTED MATERIAL. Index
Index Note to the reader: Throughout this index boldfaced page numbers indicate primary discussions of a topic. Italicized page numbers indicate illustrations. A A+ certification, 28 acceptance criteria
More informationAfter complete studying this chapter, You should be able to
Chapter 10 Project Management Ch10: What Is Project Management? After complete studying this chapter, You should be able to Define key terms like Project, Project Management, Discuss the main characteristics
More informationSSC-JE STAFF SELECTION COMMISSION CIVIL ENGINEERING STUDY MATERIAL ESTIMATING, COSTING AND VALUATION
1 ` SSC-JE STAFF SELECTION COMMISSION CIVIL ENGINEERING STUDY MATERIAL SSC-JE Civil Engineering 2 Estimating, Costing and Valuation : Estimate, Glossary of technical terms, Analysis of rates, Methods and
More informationu w 1.5 < 0 These two results imply that the utility function is concave.
A person with initial wealth of Rs.1000 has a 20% possibility of getting in a mischance. On the off chance that he gets in a mishap, he will lose Rs.800, abandoning him with Rs.200; on the off chance that
More informationCHAPTER 6 CRASHING STOCHASTIC PERT NETWORKS WITH RESOURCE CONSTRAINED PROJECT SCHEDULING PROBLEM
CHAPTER 6 CRASHING STOCHASTIC PERT NETWORKS WITH RESOURCE CONSTRAINED PROJECT SCHEDULING PROBLEM 6.1 Introduction Project Management is the process of planning, controlling and monitoring the activities
More informationCONSTRUCTION MANAGEMENT CHAPTER 3 PLANNING
CONSTRUCTION MANAGEMENT CHAPTER 3 PLANNING Planning of Works Contract Form of contract by which one party undertakes to the other to perform certain work, for a price. Corresponds to the execution of a
More informationOutline. Global Company Profile: Bechtel Group. The Importance of Project Management Project Planning Project Scheduling Project Controlling
Project Management Outline Global Company Profile: Bechtel Group The Importance of Project Management Project Planning Project Scheduling Project Controlling Outline - Continued Project Management Techniques:
More informationProject planning and creating a WBS
37E01500 Project Management and Consulting Practice Project planning and creating a WBS Matti Rossi Lecture 3, Tue 28.2.2017 Learning objectives Describe the project time management planning tasks, and
More informationProbabilistic Completion Time in Project Scheduling Min Khee Chin 1, Sie Long Kek 2, Sy Yi Sim 3, Ta Wee Seow 4
Probabilistic Completion Time in Project Scheduling Min Khee Chin 1, Sie Long Kek 2, Sy Yi Sim 3, Ta Wee Seow 4 1 Department of Mathematics and Statistics, Universiti Tun Hussein Onn Malaysia 2 Center
More informationMODULE: INTRODUCTION TO PROJECT MANAGEMENT / PROJECT MANAGEMENT
Programme BA (Hons) Fashion and Textiles (Top-Up) BA (Hons) Graphic Design with Animation (Top-Up) BA (Hons) Interior Design Cohort FDI- BFT(TP)/14B/PT FDI- BGDA(TP)/14B/PT FDI-BAID/13B/FT Examinations
More informationPROJECT MANAGEMENT COURSE 5: PROJECT TIME MANAGEMENT. G.N. Sandhy Widyasthana
PROJECT MANAGEMENT COURSE 5: PROJECT TIME MANAGEMENT G.N. Sandhy Widyasthana widyasthana@gmail.com 022 70702020 081 225 702020 1 2 3 Process of identifying the specific actions to be performed to produce
More informationOptimization Prof. A. Goswami Department of Mathematics Indian Institute of Technology, Kharagpur. Lecture - 18 PERT
Optimization Prof. A. Goswami Department of Mathematics Indian Institute of Technology, Kharagpur Lecture - 18 PERT (Refer Slide Time: 00:56) In the last class we completed the C P M critical path analysis
More informationPROJECT MANAGEMENT. Trying to manage a project without project management is like trying to play a football game without a game plan
PROJECT MANAGEMENT Trying to manage a project without project management is like trying to play a football game without a game plan K. Tate (Past Board Member, PMI). Brad Fink 28 February 2013 Executive
More informationOptimization of Rescheduling and Economy. Analysis of the Implementation of Kwitang Office. Park Building Construction Project in Jakarta
Contemporary Engineering Sciences, Vol. 10, 2017, no. 7, 317-333 HIKARI Ltd, www.m-hikari.com https://doi.org/10.12988/ces.2017.712 Optimization of Rescheduling and Economy Analysis of the Implementation
More informationAppendix B: Glossary of Project Management Terms
Appendix B: Glossary of Project Management Terms Assumption - There may be external circumstances or events that must occur for the project to be successful (or that should happen to increase your chances
More informationManagement Management
Project Management Management Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently
More informationSCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME END SEMESTER EXAMINATION JULY 2016
All Rights Reserved No. of Pages - 10 No of Questions - 06 SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME END SEMESTER EXAMINATION JULY 2016 MGT 30725 Project
More informationSWEN 256 Software Process & Project Management
SWEN 256 Software Process & Project Management Plan: Identify activities. No specific start and end dates. Estimating: Determining the size & duration of activities. Schedule: Adds specific start and end
More informationPOLYTECHNIC OF NAMIBIA
POLYTECHNIC OF NAMIBIA SCHOOL OF MANAGEMENT SCIENCES DEPARTMENT OF MANAGEMENT PROJECT MANAGEMENT BACHELOR OF BUSINESS ADMINISTRATION 07BBMA SUBJECT CODE: PRM422S DATE: DURATION: MARKS: EXAMINERS: MODERATOR:
More informationIntroduction to Project Management. Modeling after NYS ITS
Introduction to Project Management Modeling after NYS ITS What is Project Management? Project management is the application of knowledge, skills, tools and techniques to project activities to meet project
More informationProject Management -- Developing the Project Plan
Project Management -- Developing the Project Plan Dr. Tai-Yue Wang Department of Industrial and Information Management National Cheng Kung University Tainan, TAIWAN, ROC 1 Where We Are Now 6 2 Developing
More informationIE 102 Spring Project Management
IE 102 Spring 2018 Project Management 1 Management of Projects Planning - goal setting, defining the project, team organization Scheduling - relates people, money, and supplies to specific activities and
More information1 of 14 4/27/2009 7:45 AM
1 of 14 4/27/2009 7:45 AM Chapter 7 - Network Models in Project Management INTRODUCTION Most realistic projects that organizations like Microsoft, General Motors, or the U.S. Defense Department undertake
More informationResearch Methods Outline
: Project Management James Gain jgain@cs.uct.ac.za Outline Introduction [] Project Management [] Experimental Computer Science [] Role of Mathematics [1] Designing User Experiments [] Qualitative Research
More informationThe Project Times and Costs
The Project Times and Costs Not to underestimate the estimate Chapter 5 Defining the Project Step 1: Defining the Scope Step 2: Establishing Priorities Step 3: Creating the Work Breakdown Structure Step
More informationProgramme Evaluation and Review Techniques (PERT) And Critical Path Method (CPM) By K.K. Bandyopadhyay. August 2001
Programme Evaluation and Review Techniques (PERT) And Critical Path Method (CPM) By K.K. Bandyopadhyay August 2001 Participatory Research In Asia Introduction Programme Evaluation and Review Technique
More informationProject Management Fundamentals
Project Management Fundamentals Course No: B04-003 Credit: 4 PDH Najib Gerges, Ph.D., P.E. Continuing Education and Development, Inc. 9 Greyridge Farm Court Stony Point, NY 10980 P: (877) 322-5800 F: (877)
More informationMS Project 2007 Page 1 of 18
MS Project 2007 Page 1 of 18 PROJECT MANAGEMENT (PM):- There are powerful environment forces contributed to the rapid expansion of the projects and project management approaches to the business problems
More informationIP-CIS : CIS Project Management
Meltem Özturan www.mis.boun.edu.tr/ozturan/mis301 1 Project Management Tools and Techniques (PMTT) Feasibility Analysis Organizational Breakdown Structure Work Breakdown Structure Scheduling Earned Value
More informationUNIVERSITY OF BOLTON SCHOOL OF ENGINEERING. MSc CIVIL ENGINEERING MSc CONSTRUCTION PROJECT MANAGEMENT SEMESTER ONE EXAMINATION 2017/2018
ENG026 UNIVERSITY OF BOLTON SCHOOL OF ENGINEERING MSc CIVIL ENGINEERING MSc CONSTRUCTION PROJECT MANAGEMENT SEMESTER ONE EXAMINATION 2017/2018 PROJECT MANAGEMENT MODULE NO: CPM7002 Date: 15 January 2018
More informationOutline. Project Management. Introduction. What is a Project?
Outline Project Management Jeffrey Pinto, Ph.D. Penn State Erie What is Project Management? Scope Management Risk Management Planning and Scheduling Project Evaluation and Control Project Termination Introduction
More informationProject Management and Cost Control
Project Management and Cost Control What is Project Management Build A A Done Build B B Done Build C JAN FEB MAR APR MAY JUN C Done Build D On time! Ship Unique, one-time operations designed to accomplish
More informationLogistics. Lecture notes. Maria Grazia Scutellà. Dipartimento di Informatica Università di Pisa. September 2015
Logistics Lecture notes Maria Grazia Scutellà Dipartimento di Informatica Università di Pisa September 2015 These notes are related to the course of Logistics held by the author at the University of Pisa.
More informationProject Risk Management
Project Risk Management Introduction Unit 1 Unit 2 Unit 3 PMP Exam Preparation Project Integration Management Project Scope Management Project Time Management Unit 4 Unit 5 Unit 6 Unit 7 Project Cost Management
More informationCHAPTER 5 STOCHASTIC SCHEDULING
CHPTER STOCHSTIC SCHEDULING In some situations, estimating activity duration becomes a difficult task due to ambiguity inherited in and the risks associated with some work. In such cases, the duration
More informationMaking sense of Schedule Risk Analysis
Making sense of Schedule Risk Analysis John Owen Barbecana Inc. Version 2 December 19, 2014 John Owen - jowen@barbecana.com 2 5 Years managing project controls software in the Oil and Gas industry 28 years
More informationConstruction Management
Construction Management 1. Which one of the following represents an activity A. excavation for foundation B. curing of concrete C. setting of question paper D. preparation of breakfast 2. Pick up the incorrect
More informationA Linear Programming Approach for Optimum Project Scheduling Taking Into Account Overhead Expenses and Tardiness Penalty Function
A Linear Programming Approach for Optimum Project Scheduling Taking Into Account Overhead Expenses and Tardiness Penalty Function Mohammed Woyeso Geda, Industrial Engineering Department Ethiopian Institute
More informationPlan Implementation. Pushpa Lal Shakya
Plan Implementation Pushpa Lal Shakya Outline of Presentation 1. Plan Implementation: Meaning 2. Use of MTEF in Plan Implementation 3. Plan implementation Process and Implementation Modalities 4. Application
More informationUNIT 5 PROJECT ANALYSIS PERT/CPM MODULE - 2
UNIT 5 PROJECT ANALYSIS MODULE - 2 UNIT 5 PROJECT ANALYSIS Structure 5.0 Introduction 5.1 Unit Objectives 5.2 Definitions of Project and Project Management 5.3 Characteristics of a Project 5.4 Life Cycle
More informationCISC 322 Software Architecture
CISC 22 Software Architecture Project Scheduling (PERT/CPM) Ahmed E. Hassan (Edited For Course Presentation, 206) Project A project is a temporary endeavour undertaken to create a "unique" product or service
More information06IP/IM74 OPERATIONS RESEARCH
06IP/IM74 OPERATIONS RESEARCH UNIT - 6: PROJECT MANAGEMENT USING NETWORK ANALYSIS (By Dr.G.N.MOHAN BABU, Prof & HOD (I&P Engg), MCE, Hassan 573 021) LEARNING OBJECTIVES OF THE MODULE: By the end of this
More information6/7/2018. Overview PERT / CPM PERT/CPM. Project Scheduling PERT/CPM PERT/CPM
/7/018 PERT / CPM BSAD 0 Dave Novak Summer 018 Overview Introduce PERT/CPM Discuss what a critical path is Discuss critical path algorithm Example Source: Anderson et al., 01 Quantitative Methods for Business
More informationChapter 2 The PERT/CPM Technique
Chapter The PERT/CPM Technique Abstract Completing a project on time and within budget is not an easy task. The project scheduling phase plays a central role in predicting both the time and cost aspects
More informationFull Monte. Looking at your project through rose-colored glasses? Let s get real.
Realistic plans for project success. Looking at your project through rose-colored glasses? Let s get real. Full Monte Cost and schedule risk analysis add-in for Microsoft Project that graphically displays
More informationComparison between Deterministic and Stochastic Time Estimating Techniques
Comparison between Deterministic and Stochastic Time Estimating Techniques Daketima G. Briggs, Ph.D, PMP Management Department, Faculty of Business, University of Botswana ABSTRACT: This paper started
More informationCHAPTER 5. Project Scheduling Models
CHAPTER 5 Project Scheduling Models 1 5.1 Introduction A project is a collection of tasks that must be completed in minimum time or at minimal cost. Objectives of Project Scheduling Completing the project
More informationSAMPLE. DETERMINING ACTIVITY DURATIONS TCM Framework: 7.2 Schedule Planning and Development. AACE International Recommended Practice No.
E 32R04 SA M PL DETERMI NI NGACTI VI TY DURATI ONS AACE International Recommended Practice No. 32R-04 DETERMINING ACTIVITY DURATIONS TCM Framework: 7.2 Schedule Planning and Development Rev. Note: As AACE
More informationPass PMP in 21 Days - ITTO Toolbox PROCESS MAP
PROCESS MAP 1 IntEgratIon Pass PMP in 21 Days - ITTO Toolbox InItIatIng PlannIng ExEcutIng MonItorIng & controlling closing Develop Project Charter Develop Project Management Plan Direct & Manage Project
More informationProgramme Evaluation and Review Technique
15 Programme Evaluation and Review Technique LEARNING OBJECTIVES : After studying this chapter, you will be able to : l l l l l l l l l Explain generic term network analysis and such related terms as Critical
More informationImpacting the Bottom Line. Cost Reduction: Planning & Control. Bottom Line (costs) A = Costs (what we expend) B = Revenue, sales (what we generate)
Cost Reduction: Planning & Control Break Even Point & Decision Tree Analysis (l.u. 4/2/13) Impacting the Bottom Line Calls for an understanding of: Variation Waste & Value Investments (time, capital, resources,
More informationInternational Journal of Advanced Engineering and Management Research Vol. 2 Issue 4, ISSN:
International Journal of Advanced Engineering and Management Research Vol. 2 Issue 4, 2017 http://ijaemr.com/ ISSN: 2456-3676 CPM AND PERT COMPARISON ANALYSIS IN PROJECT PLANNING ABSTRACT Talatu Muhammad
More informationProject Management with Brief Information regarding CPM and PERT Methods
99 INTERNATIONAL JOURNAL OF SCIENTIFIC & ENGINEERING RESEARCH, VOLUME 9, ISSUE, JULY-8 Project Management with Brief Information regarding CPM and PERT Methods Rohan Agarwal Guide: Sheetal Patel Abstract
More informationJAYARAM COLLEGE OF ENGINEERING AND TECHNOLOGY DEPARTMENT OF INFORMATION TECHNOLOGY
JAYARAM COLLEGE OF ENGINEERING AND TECHNOLOGY DEPARTMENT OF INFORMATION TECHNOLOGY Two Mark Question for Student s Reference 1. Define software project management. Software Project Management has key ideas
More informationEXERCISE Draw the network diagram. a. Activity Name A B C D E F G H
XRIS. What do you mean by network analysis? xplain with counter examples.. What are the basic differences between PM and PRT analysis of project work?. State the rule of constructing the network diagram..
More informationRisk Video #1. Video 1 Recap
Risk Video #1 Video 1 Recap 1 Risk Video #2 Video 2 Recap 2 Risk Video #3 Risk Risk Management Process Uncertain or chance events that planning can not overcome or control. Risk Management A proactive
More informationNetwork Analysis Basic Components. The Other View. Some Applications. Continued. Goal of Network Analysis. RK Jana
Network nalysis RK Jana asic omponents ollections of interconnected linear forms: Lines Intersections Regions (created by the partitioning of space by the lines) Planar (streets, all on same level, vertices
More informationChapter 11: PERT for Project Planning and Scheduling
Chapter 11: PERT for Project Planning and Scheduling PERT, the Project Evaluation and Review Technique, is a network-based aid for planning and scheduling the many interrelated tasks in a large and complex
More informationTHE ACCELERATING OF DURATION AND CHANGE OF COST ON CONSTRUCTION PROJECT IMPLEMENTATION
International Journal of Civil Engineering and Technology (IJCIET) Volume 10, Issue 01, January 2019, pp. 825-832, Article ID: IJCIET_10_01_075 Available online at http://www.iaeme.com/ijciet/issues.asp?jtype=ijciet&vtype=10&itype=01
More informationCost Reduction: Planning & Control. Impacting the Bottom Line
Cost Reduction: Planning & Control Break Even Point & Decision Tree Analysis (l.u. 4/2/11) Impacting the Bottom Line Calls for an understanding of: Variation Waste & Value Investments (time, capital, resources,
More informationBraindumps.PMI-SP.323 questions
Braindumps.PMI-SP.323 questions Number: PMI-SP Passing Score: 800 Time Limit: 120 min File Version: 4.8 http://www.gratisexam.com/ PMI-SP PMI Scheduling Professional It gets you study tools online for
More informationUse of the Risk Driver Method in Monte Carlo Simulation of a Project Schedule
Use of the Risk Driver Method in Monte Carlo Simulation of a Project Schedule Presented to the 2013 ICEAA Professional Development & Training Workshop June 18-21, 2013 David T. Hulett, Ph.D. Hulett & Associates,
More informationA METHOD FOR STOCHASTIC ESTIMATION OF COST AND COMPLETION TIME OF A MINING PROJECT
A METHOD FOR STOCHASTIC ESTIMATION OF COST AND COMPLETION TIME OF A MINING PROJECT E. Newby, F. D. Fomeni, M. M. Ali and C. Musingwini Abstract The standard methodology used for estimating the cost and
More informationPASS4TEST. IT Certification Guaranteed, The Easy Way! We offer free update service for one year
PASS4TEST IT Certification Guaranteed, The Easy Way! \ We offer free update service for one year Exam : PMI-SP Title : PMI Scheduling Professional Vendors : PMI Version : DEMO Get Latest & Valid PMI-SP
More informationHandout 4: Deterministic Systems and the Shortest Path Problem
SEEM 3470: Dynamic Optimization and Applications 2013 14 Second Term Handout 4: Deterministic Systems and the Shortest Path Problem Instructor: Shiqian Ma January 27, 2014 Suggested Reading: Bertsekas
More informationDC Program and Project Managers Meeting #2
+ Trevor Lowing Trevor.Lowing@gmail.com DC Program and Project Managers Meeting #2 Session 1: Planning projects with MS Project Session 2: Workshop: Generating Reports with MS Project and Visual Basic
More informationLine Balancing S K Mondal Chapter 3
Line Balancing S K Mondal Chapter 3 Solution: J G 10 K I 7 L J, H 10 M K 6 N L, M 9 [10-Marks] 6 8 7 10 A D G J 5 B 5 6 E H L 10 9 N Work station number 1 3 4 5 6 4 10 7 4 C F I K M 6 Precedence diagram
More informationChapter 1. The World of Project Management. MEM 612 Project Management
Chapter 1 The World of Project Management WHAT IS A PROJECT? Why the emphasis on project management? Many tasks do not fit neatly into businessas-usual. Need to assign responsibility and authority for
More informationA Project Management Guide for Researchers
A Project Management Guide for Researchers Prepared by: Research Grant and Contract Services January 2018 Copyright 2018 Memorial University of Newfoundland Table of Contents 1.0 Introduction... 4 2.0
More informationFor the PMP Exam using PMBOK Guide 5 th Edition. PMI, PMP, PMBOK Guide are registered trade marks of Project Management Institute, Inc.
For the PMP Exam using PMBOK Guide 5 th Edition PMI, PMP, PMBOK Guide are registered trade marks of Project Management Institute, Inc. 1 Contacts Name: Khaled El-Nakib, MSc, PMP, PMI-RMP URL: http://www.khaledelnakib.com
More informationExam Questions PMI-SP
Exam Questions PMI-SP PMI Scheduling Professional Practice Test https://www.2passeasy.com/dumps/pmi-sp/ 1.CORRECT TEXT Fill in the blank with the appropriate word. When activities are logically linked,
More informationNPV Method. Payback Period
1. Why the payback method is often considered inferior to discounted cash flow in capital investment appraisal? A. It does not take account of the time value of money B. It does not calculate how long
More informationUnit 3 Research Project. Eddie S. Jackson. Kaplan University. IT511: Information Systems Project Management
Running head: UNIT 3 RESEARCH PROJECT 1 Unit 3 Research Project Eddie S. Jackson Kaplan University IT511: Information Systems Project Management 04/06/2014 UNIT 3 RESEARCH PROJECT 2 Unit 3 Research Project
More informationA Comparison Between the Non-Mixed and Mixed Convention in CPM Scheduling. By Gunnar Lucko 1
A Comparison Between the Non-Mixed and Mixed Convention in CPM Scheduling By Gunnar Lucko 1 1 Assistant Professor, Department of Civil Engineering, The Catholic University of America, Washington, DC 20064,
More informationFormulas to Know for EXAM
Formulas to Know for EXAM Activity & Project Duration Formulas In order to calculate Estimated Activity Duration (EAD) of an activity, Optimistic (O), Most Likely (M) and Pessimistic (P) estimates for
More informationBrown hamburger and assemble tacos (including cheese)
19.1 An Introduction to PERT PERT is an acronym for the Program Evaluation Review Technique. The Special Projects Office in the Department of the Navy created this project management tool in 1958. It was
More information