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