Software Project Management Unit-3 - 2 PDF
Software Project Management Unit-3 - 2 PDF
UNIT-3 (Lecture-2)
Network Planning models: Formulating Network Model
A project is made up of a sequence of activities that form a network representing a project.
The path taking longest time through this network of activities is called the “critical
path.”
The critical path provides a wide range of scheduling information useful in managing a
project.
Critical Path Method (CPM) helps to identify the critical path(s) in the project networks.
CPM with a Single Time Estimate
o Used when activity times are known with certainty.
o Used to determine timing estimates for the project, each activity in the project,
and slack time for activities.
CPM with Three Activity Time Estimates (a.k.a. PERT)
o Used when activity times are uncertain.
o Used to obtain the same information as the Single Time Estimate model and
probability information.
Time-Cost Models
Used when trade-off information cost is a major consideration in planning.
Used to determine the least cost in reducing total project time.
Sometimes it is possible to "crash" (expedite) some activities thus reducing the overall
completion time for the entire project.
Crashing an activity implies spending additional funds (e.g., overtime costs, hiring more
workers, and so on) to get the task done earlier
On many occasions reducing the project completion time that in turn reduces the fixed cost
outlays can generate substantial savings.
1. Draw the CPM network, identify the CP
2. Identify the least cost activity(ies) on the critical path(s)
3. Shorten the project completion time (CP) at the least cost Repeat until no more