Module: LV – 4007: Project Management

Assignment (2)

Submitted to: Prepared by:

Dr. Sandar Htwe Nyein Nyein Khant
BBA Program
Batch (3)-Offline

Date of Submitted
18 / 1 / 2023
Contents

1. Executive Summary.............................................................................................................................3
2. Introduction.........................................................................................................................................3
3. The ways to manage a project effectively to attain successful project.................................................3
4. Analysis 2: A Project Network............................................................................................................4
4.1. An Activity Schedule..........................................................................................................................5
4.2. The critical activities...........................................................................................................................6
4.3. The Slack Time...................................................................................................................................6
5. Analysis 3............................................................................................................................................6
6. Analysis 4............................................................................................................................................7
6.1. The activity schedule for this project and the critical path...................................................................8
6.2. Slack Time..........................................................................................................................................8
7. Conclusion...........................................................................................................................................8
8. References...........................................................................................................................................9

1. Executive Summary

The project manager must allocate resources in accordance with the project plan. The
project team members must carry out plans in accordance with established schedules and budgets
as well as adhere to their roles and responsibilities. Adapt project management strategies to
changing circumstances while abiding by corporate policies, regulatory requirements, and ethical
principles.
2. Introduction

The important procedure of coordinating resources to achieve specific goals is called

project management. The project's staff and stakeholders have an impact on whether it succeeds
or fails. An effective project manager can manage unexpected issues while still focusing on
ongoing tasks and organizational goals.

3. The ways to manage a project effectively to attain successful project

The effective management of a significant project requires the planning, coordination,

and administration of several complex components, activities, and their interrelationships. some
of them. It is nearly impossible to manage them all at once and give them equal attention. If you
apply the Pareto principle and separate the "important few from the trivial many," then you will
be more successful.

A lot of companies cite the advantages of using project management. It has provided a
solid foundation for change management during the past ten years. for creating new partnerships
and collaborations with a company's customers, commercial partners, and suppliers, as well as
for the merger and reorganization of major corporations. It is well acknowledged that effective
communication is essential in businesses, particularly given how disruptive it can be when trying
to introduce anything new. It can happen in a variety of ways inside an organization and is
essential in persuading both individuals who will be directly impacted by the change and those
who may be affected throughout the entire organization.

4. Analysis 2: A Project Network

a+ 4 m+ b 1+ 4 ( 1 ) +2 1+ 4 ( 6 )+ 8 2+ 4 ( 4 ) +6
t= ,tA= = 1.6 = 1, tB= = 6, tC= = 4,
6 6 6 6
1+ 4 ( 2 ) +3 2+ 4 ( 3 )+ 4 1+ 4 ( 2 ) +3 1+ 4 ( 2 ) +3 1+ 4 ( 2 ) +3
tD= = 2, tE= = 3, tF= = 2, tG= = 2, tH= =2
6 6 6 6 6
1+ 4 ( 1 ) +1
tI= =1
6
B E
Start A C D G H I Finish

Start

A 0 1

1 0 1

C 1 5

4 3 7

B 1 7 F 1 13

6 1 7 2 11 13

D 7 9

2 7 9

E 7 10

3 10 13

G 9 11
2 9 11

H 11 13
2 11 13

I 13 14
1 13 14
 Finish

4.1. An Activity Schedule

Sched
ule
Activit E L E L (LS- C
ies S S F F ES) P
Y
A 0 0 1 1 0 es
Y
B 1 1 7 7 0 es
C 1 3 5 7 2
Y
D 7 7 9 9 0 es
1 1 1
E 7 0 0 3 3
1 1
F 1 1 3 3 10
1 1 Y
G 9 9 1 1 0 es
1 1 1 1 Y
H 1 1 3 3 0 es
1 1 1 1 Y
I 3 3 4 4 0 es

4.2. The critical activities

The critical activities = A B D G H I = 1+6+2+2+2+1 = 14 weeks. The expected project
completion time is during 14 weeks. The first team practice is scheduled for March 1. The end
date of the project is before July.

4.3. The Slack Time

F is the most slap time.
5. Analysis 3
Start

A B

D C

F E

Finish

6. Analysis 4

Start

A 0 4 B 0 6

4
4 0 4 6 10
 4
D 4 10 C 6 E 6 9

4 8
6 10 2 10 3 10 13

F 10 13 G 13 18

3 10 13 5 13 18

Finish

6.1. The activity schedule for this project and the critical path
Schedule
Activities ES LS EF LF (LS-ES) CP
A 0 0 4 4 0 Yes
B 0 4 6 10 4
C 4 8 6 10 4
D 4 4 10 10 0 Yes
E 6 10 9 13 4
F 10 10 13 13 0 Yes
G 13 13 18 18 0 Yes
The critical path = A D F G = 4+6+3+5 = 18 weeks

6.2. Slack Time

B, C and E have the most slap time.

7. Conclusion

The tasks that will be completed, the people who will be in charge of them, and when
they should start and finish are all defined with the help of project management. While various
techniques for rapid, collaborative project management are commonly used, projects normally
progress in stages.
8. References

Project Management Institute | PMI. (n.d.). Retrieved January 8, 2023, from

https://www.pmi.org/-/