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(CHAPTER 8) PROJECT MANAGEMENT (Ethical issues (temptation understate…
(CHAPTER 8)
PROJECT MANAGEMENT
Projects
one-time operations
accomplish sets of objectives
limited time frame
objectives
relate
time
cost
performance
Activities
Planning
objectives
resources
work break-down schedule
organization
method
time / cost estimation
budgets
engineering diagrams
cash flow charts
material availability details
Scheduling
project activities
start & end times
network
method
CPM / PERT
Gantt Charts
Cash flow schedules
controlling
monitor
compare
revise
action
method
Budgets
Delayed activities report
Slack activities report
Ethical issues
temptation understate cost
withhold info
misleading status report
falsifying records
compromising workers' safety
approving substandard work
Key Decisions
Decide projects implement
select project manager
select project team
plan & design project
Manage & control resources
when project terminated
Project Management Techniques
Gantt chart
Resource Histogram
Network Diagram
Critical Path Method (CPM)
Program Evaluation & Review Technique
Work Breakdown Structure (WBS)
accurate cost estimation
specifiy work packages
high security
accountability
specific personnel
work packages can measured
determine
who responsible
cost
when it complete
what formal method
Gantt Chart
Scheduling technique
show relationship
project task
time constraint
after
WBS is drawn
work package identified
clear pictorial model
simple and easy
Network Diagram
(PERT & CPM)
Network techniques
1950's
CPM (1957)
Du Pont
Chemical plants
PERT (1958)
Polaris missile
Booz
Allen
Hamilton
different estimate actiivity times
6 steps
Define project
prepare work breakdown
Develop relationship
among activities
Draw network
connecting activities
assign
time
cost estimates
compute longest time path
critical path
use network
help plan
schedule
monitor
control project
Network conventions
Activity on node (AON)
Activity on Arrow (AOA)
terms
path
sequence of activities
critical path (CP)
longest path
critical activites
activities on CP
slack
allowable slippage
Determining Project Schedule
Terms
Earliest finish (EF)
Latest start (LS)
Latest finish (LF)
Earliest start (ES)
Perform CP Analysis
Forward Pass
Time Rule
Earliest Start
single immediate
ES equals EF
multiple immediate
ES = max EF
Earliest finish
EF = ES + Activity time
Activitiy on Arrow