Scribd Logo
Upload

Welcome to Scribd!

  • 22 views

    Unit-08 Project Management

    Uploaded by

    harryjohnlyall
    The document discusses key aspects of project management including defining projects, metrics, success factors, tools, and the project life cycle. It provides examples of work breakdown structures, Gantt charts, PERT/CPM networks, and crashing techniques. Project management software, risk management, and advantages/limitations of techniques are also summarized.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Unit-08 Project Management

    Uploaded by

    harryjohnlyall
    22 views30 pages
    The document discusses key aspects of project management including defining projects, metrics, success factors, tools, and the project life cycle. It provides examples of work breakdown structures, Gantt charts, PERT/CPM networks, and crashing techniques. Project management software, risk management, and advantages/limitations of techniques are also summarized.

    Original Title

    Unit-08 Project Management.pptx

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses key aspects of project management including defining projects, metrics, success factors, tools, and the project life cycle. It provides examples of work breakdown structures, Gantt charts, PERT/CPM networks, and crashing techniques. Project management software, risk management, and advantages/limitations of techniques are also summarized.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    22 views30 pages

    Unit-08 Project Management

    Uploaded by

    harryjohnlyall
    The document discusses key aspects of project management including defining projects, metrics, success factors, tools, and the project life cycle. It provides examples of work breakdown structures, Gantt charts, PERT/CPM networks, and crashing techniques. Project management software, risk management, and advantages/limitations of techniques are also summarized.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    You are on page 1of 30

    Project Management

    Unit-08
    Projects
    JAN FEB MAR APR MAY JUN
    Build A

    A Done

    Build B

    B Done

    Build C

    C Done
    On time!
    Build D

    Ship

    Unique, one-time operations designed to


    accomplish a specific set of objectives in a limited
    time frame.
    Project Management
    • How is it different?
    • Limited time frame
    • Narrow focus, specific objectives
    • Less bureaucratic
    • Why is it used?
    • Special needs
    • Pressures for new or improves products or services
    Project Management
    • What are the Key Metrics
    • Time
    • Cost
    • Performance objectives
    • What are the Key Success Factors?
    • Top-down commitment
    • Having a capable project manager
    • Having time to plan
    • Careful tracking and control
    • Good communications
    Project Management
    • What are the Major Administrative Issues?
    • Executive responsibilities
    • Project selection
    • Project manager selection
    • Organizational structure
    • Organizational alternatives
    • Manage within functional unit
    • Assign a coordinator
    • Use a matrix organization with a project leader
    Project Management
    • What are the tools?
    • Work breakdown structure
    • Network diagram
    • Gantt charts
    • Risk management
    Planning and Scheduling
    Gantt Chart
    MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

    Locate new facilities

    Interview staff

    Hire and train staff

    Select and order


    furniture

    Remodel and install


    phones

    Move in/startup
    Key Decisions
    • Deciding which projects to implement
    • Selecting a project manager
    • Selecting a project team
    • Planning and designing the project
    • Managing and controlling project resources
    • Deciding if and when a project should be
    terminated
    Project Manager
    Responsible for:

    Work Quality
    Human Resources Time
    Communications Costs
    Ethical Issues
    • Temptation to understate costs
    • Withhold information
    • Misleading status reports
    • Falsifying records
    • Comprising workers’ safety
    • Approving substandard work
    Project Life Cycle

    Feasibility

    Management
    Planning
    Concept
    Execution

    Termination
    Work Breakdown Structure

    Project X

    Level 1

    Level 2

    Level 3

    Level 4
    PERT and CPM
    PERT: Program Evaluation and
    Review Technique
    CPM: Critical Path Method

    • Graphically displays project activities


    • Estimates how long the project will take
    • Indicates most critical activities
    • Show where delays will not affect project
    The Network Diagram
    • Network (precedence) diagram
    • Activity-on-arrow (AOA)
    • Activity-on-node (AON)
    • Activities
    • Events
    The Network Diagram (cont’d)
    • Path
    • Sequence of activities that leads from the starting
    node to the finishing node
    • Critical path
    • The longest path; determines expected project
    duration
    • Critical activities
    • Activities on the critical path
    • Slack
    • Allowable slippage/delayed for path; the
    difference the length of path and the length of
    critical path
    Project Network – Activity on Arrow
    Figure 17.4
    Order
    AOA furniture 4
    Furniture
    Locate 2 setup
    facilities
    Remodel
    1 5 6
    Move in

    Interview
    Hire and
    train
    3
    Project Network – Activity on Node
    Figure 17.4
    Order
    furniture
    Locate Furniture
    2 setup
    facilities
    AON
    1 6
    Move in
    Remodel

    S 5 7

    Hire and
    Interview
    train

    3 4
    Example 1
    Figure 17.5

    6 weeks
    Deterministic 4
    time estimates
    3 weeks
    8 weeks 2

    11 weeks Move in
    1 5 6
    1 week

    4 weeks
    9 weeks

    3
    Example 1 Solution

    Critical Path

    Path Length Slack


    (weeks)
    1-2-3-4-5-6 18 2
    1-2-5-6 20 0
    1-3-5-6 14 6
    Computing Algorithm
    • Network activities
    • ES: early start
    • EF: early finish
    • LS: late start
    • LF: late finish
    • Used to determine
    • Expected project duration
    • Slack time
    • Critical path
    Time-cost Trade-offs: Crashing
    • Crash – shortening activity duration
    • Procedure for crashing
    • Crash the project one period at a time
    • Only an activity on the critical path
    • Crash the least expensive activity
    • Multiple critical paths: find the sum of crashing the
    least expensive activity on each critical path
    Project Crashing
    • Crashing a project involves paying more money to
    complete a project more quickly.
    • Since the critical path determines the length of a
    project, it makes sense to reduce the length of
    activities on the critical path.
    • CP activities should be reduced until the project is
    reduced to the desired length or you are paying more
    per day than you save.
    • If you have multiple CPs, they should be shortened
    simultaneously.
    Time-Cost Trade-Offs: Crashing
    Figure 17.11

    Total
    cost

    Expected indirect costs

    Shorten

    Cumulative CRASH
    cost of crashing
    Shorten

    Optimum
    Example 7

    2
    f

    4
    d
    Advantages of PERT
    • Forces managers to organize
    • Provides graphic display of activities
    • Identifies
    • Critical activities
    • Slack activities 4
    2

    1 5 6

    3
    Limitations of PERT
    • Important activities may be omitted
    • Precedence relationships may not be correct
    • Estimates may include
    a fudge factor 4

    • May focus solely 2


    on critical path
    1 5 6

    142 weeks

    3
    Technology for Managing Projects
    • Computer aided design (CAD)
    • Groupware (Lotus Notes)
    • Project management software
    • CA Super Project
    • Harvard Total Manager
    • MS Project
    • Sure Track Project Manager
    • Time Line
    Advantages of PM Software
    • Imposes a methodology
    • Provides logical planning structure
    • Enhances team communication
    • Flag constraint violations
    • Automatic report formats
    • Multiple levels of reports
    • Enables what-if scenarios
    • Generates various chart types
    Project Risk Management
    • Risk: occurrence of events that have undesirable
    consequences
    • Delays
    • Increased costs
    • Inability to meet specifications
    • Project termination
    Risk Management
    • Identify potential risks
    • Analyze and assess risks
    • Work to minimize occurrence of risk
    • Establish contingency plans

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy