UT Knoxville BUAD 341 - Critical Chain Project Management (4 pages)

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Critical Chain Project Management



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Critical Chain Project Management

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Beginning an example of CCPM.


Lecture number:
22
Pages:
4
Type:
Lecture Note
School:
University of Tennessee
Course:
Buad 341 - CBM II: Lean Operations
Edition:
1

Unformatted text preview:

BA341 22nd Edition Lecture 22 Outline of Last Lecture I Continuing the problem using PERT II Cost Time Trade offs and Project Crashing III Time Cost Trade offs IV Reducing Project Duration V Some Time Cost Models VI Critical Path Models VII Crashing Outline of Current Lecture VIII Project crashing IX Critical Chain Project Management X Step by step example Current Lecture Project Crashing Critical path for crashed schedules Minimum Cost of crashing project to minimum duration o Step 1 replace all activity normal durations with their crashed durations o Step 2 identify the critical path These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute o Step 3 Relax non critical activities in decreasing order of their slopes i e what is the point of fully crashing non critical activities o Finally the minimum cost is the sum of the Cost of crashing the critical activities down to their minimum durations 40 A 60 B 35 E 135 Cost of crashing activity D 1 day from 4 to 3 days 30 135 30 165 Critical Chain Project Management There are several human behavior laws that tend to jeopardize task and overall project durations o Parkinson s Law o 3 Minute Egg Rule o Student Syndrome o Multitasking Addressing them is especially important when there are limited recourses available for a project Let s consider an example Assume the following project where the letters represent resources Further assume that activity durations have been determined in the traditional way i e have been individually padded for safety In this example letters represent recourses o There is one task that requires the resource V o There is one task that requires the resource W o There is one task that requires the resource Y o There is one task that requires the resource Z o And there are two tasks that require the resource X The resource X can work only on 1 task at a time Step 1 Use Aggressive but possible times ABPT o



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