SCJNY OM 651 - Project Planning and Scheduling with PERT/CPM

Unformatted text preview:

Class 3 SummaryQuestions that PERT/CPM can help answerThree Phases of Project ManagementFormulating the problem: constructing the project networkPlanning: finding the critical path (CP)Monitoring and ControlLimitations of any Project Management softwareThings to think aboutClass 3 SummaryProject Planning and Scheduling with PERT/CPM01/14/19Dr. Coty Keller 2Questions that PERT/CPM can help answerHow long will the project take? How much will it cost?What are the critical activities?What are the non-critical activities (and how much flexibility -slack- do they have)?Is the project on track (time and $ cost)?How might delays be handled?01/14/19Dr. Coty Keller 3Three Phases of Project ManagementI. Formulating the problem: constructing the project networkII. Planning: finding the critical path (CP) III. Monitoring and control01/14/19Dr. Coty Keller 4Formulating the problem: constructing the project networkCreate the activity table- ID activities that make up the project–Establish precedence relationships among activities–Estimate duration of activities (and cost too if you want a budget)Draw the project network (by entering the activity table info into MS Project)01/14/19Dr. Coty Keller 5Planning: finding the critical path (CP)ID critical activities*ID Critical path*Observe slacks on non-critical activities (may help if you need to reallocate resources)*Plan to monitor the CP carefully – any slip in critical activities will case a delay in the whole project01/14/19Dr. Coty Keller 6Monitoring and ControlMonitor activities and completion times/actual costID deviations from the planWhen delays occur in critical activities, re-plan Consider transferring resources from non-critical to delayed critical activities to avoid potential delays01/14/19Dr. Coty Keller 7Limitations of any Project Management softwareDoes not do the hard work/thinking/leading/managing Human aspects of project management are essential to –ID activities, –estimate duration and cost,–recognize relationships,–monitor implementation,–make decisions, nor –take corrective action when delays or cost overruns occur01/14/19Dr. Coty Keller 8Things to think aboutSMAC idea - create a project plan for your organization, like we did for Vikky Roberts’ Studebaker restorationPossible Exam question: Show how MS Project can be used to plan and schedule a project (problem will be


View Full Document

SCJNY OM 651 - Project Planning and Scheduling with PERT/CPM

Download Project Planning and Scheduling with PERT/CPM
Our administrator received your request to download this document. We will send you the file to your email shortly.
Loading Unlocking...
Login

Join to view Project Planning and Scheduling with PERT/CPM and access 3M+ class-specific study document.

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

Join to view Project Planning and Scheduling with PERT/CPM 2 2 and access 3M+ class-specific study document.

or

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

Already a member?