UT Knoxville BUAD 341 - Buffer Management (3 pages)

Previewing page 1 of 3 page document View the full content.
View Full Document

Buffer Management

Previewing page 1 of actual document.

View the full content.
View Full Document
View Full Document

Buffer Management


Finishing up the notes under critical chain project management plus we went over the exam 4 topics.

Lecture number:
Lecture Note
University of Tennessee
Buad 341 - CBM II: Lean Operations
Unformatted text preview:

BA 341 1st Edition Lecture 23 Outline of Last Lecture I Project crashing II Critical Chain Project Management III Step by step example Outline of Current Lecture IV Buffer Management V Buffer Consumption Chart VI Using a Fever Chart VII Exam 4 Topics Current Lecture Critical Chain Project Management continued Buffer Management example from lecture 22 Using Buffer Management o Percent buffer project consumption is 7 days 20 days 35 o How do you feel about project progress to date Should we be alarmed A Typical Buffer Consumption Chart 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 On a typical buffer consumption chart there are 3 equal parts corresponding to each third of the buffer On the horizontal axes we have the project duration and on the vertical of the project buffer consumed Projects usually start in the Green zone and gradually move to the Red zone If a project is in the red zone towards the end of the project it is not alarming but if it reaches the read zone way before the end day the corrective measures should be taken Using a Fever Chart to Track Projects Fever Chart plots percentage of project buffer consumed over the percentage of project completed Fever charts are better in representing when it is ok to reach the red zone As you can see the red zone is wider at the beginning of the project Summary of the Critical Chain Approach 1 Use Aggressive but Possible Times ABPT for task durations 2 Identify the Critical Chain by taking into account resource dependencies 3 Use Buffer Management to track project progress 4 Avoid Multitasking when faced with a capacity constraint Exam 4 Topics covering chapter 3 only Projects o definition characteristics main objectives examples of projects Project Manager o Responsibilities major challenges skills of good PMs Project Scheduling o Inputs work breakdown structure precedence tables o Outputs Gantt charts network diagrams o Critical Path Method CPM PERT Draw a project network diagram for simple projects Identify activity slack and critical path s based on ES EF LS LF times provided with the network diagram Identify critical path s by enumeration based on provided network diagram Identify impact of activity delays on project schedule Compute expected activity durations and variances Compute project completion probabilities be able to read the normal table provided with the class notes Time cost models in Project Management o Compute activity slopes o Determine minimum cost schedule To reduce project duration by a certain number of periods To reduce the project to its minimum duration Critical Chain Project Management o Typical traditional assumptions behavioral aspects o Aggressive But Possible Times ABPT o Identify Critical Chain o The use of Project and Feeding Buffers o Fever chart

View Full Document

Access the best Study Guides, Lecture Notes and Practice Exams

Loading Unlocking...

Join to view Buffer Management and access 3M+ class-specific study document.

We will never post anything without your permission.
Don't have an account?
Sign Up

Join to view Buffer Management and access 3M+ class-specific study document.


By creating an account you agree to our Privacy Policy and Terms Of Use

Already a member?