BUS421 Week10 Slides
BUS421 Week10 Slides
PROJECT MANAGEMENT
WEEK 10
NOVEMBER 18, 2024
TIME PLANNING
Detailed planning:
• The most likely scenarios
• Possible eventualities (answers to ‘what happens if…’)
• Deconstruct project into constituent parts
• Compile a plan and then schedule
• Use a Gantt chart
• Tension: the need to plan and the need to get on with it
• What to include in the plan is the ‘art’ of managing a project
Copyright © 2019, 2016, 2013 Pearson Education, Inc. All Rights Reserved
Serial Activities
Serial activities are those that flow from one to the next, in
sequence.
Project Activities Linked in Series
Copyright © 2019, 2016, 2013 Pearson Education, Inc. All Rights Reserved
Network Diagram – Nonserial Sequential Logic
Copyright © 2019, 2016, 2013 Pearson Education, Inc. All Rights Reserved
Concurrent Activities
When the nature of the work allows for more than one
activity to be accomplished at the same time, these
activities are called concurrent, and parallel project
paths are constructed through the network.
Copyright © 2019, 2016, 2013 Pearson Education, Inc. All Rights Reserved
Merge Activity
Copyright © 2019, 2016, 2013 Pearson Education, Inc. All Rights Reserved
Burst Activity
Copyright © 2019, 2016, 2013 Pearson Education, Inc. All Rights Reserved
Project Scheduling Terms (1 of 4)
• Project Network Diagram: Any schematic display of the
logical relationships of project activities.
• Path: A sequence of activities defined by the project
network logic.
• Event: A point when an activity is either started or
completed.
• Node: One of the defining points of a network; a junction
point joined to some or all of the other dependency lines
(paths).
Copyright © 2019, 2016, 2013 Pearson Education, Inc. All Rights Reserved
Project Scheduling Terms (2 of 4)
• Predecessors: Those activities that must be completed
prior to initiation of a later activity in the network.
• Successors: Activities that cannot be started until
previous activities have been completed. These activities
follow predecessor tasks.
• Earliest start time (EST): The earliest possible date the
uncompleted portions of an activity can start.
• Latest start time (LST) : The latest possible date that an
activity may begin without delaying a specified milestone.
Copyright © 2019, 2016, 2013 Pearson Education, Inc. All Rights Reserved
Project Scheduling Terms (3 of 4)
• Forward pass: Network calculations to determine
earliest start/earliest finish for an activity through working
forward through each activity in network.
• Reverse pass: Network calculations to determine late
start/late finish for uncompleted tasks through working
backward through each activity in network.
• Merge activity: An activity with two or more immediate
predecessors.
• Burst activity: An activity with two or more immediate
successors.
Copyright © 2019, 2016, 2013 Pearson Education, Inc. All Rights Reserved
Project Scheduling Terms (4 of 4)
• Float: The amount of time an activity may be delayed
from its early start without delaying the finish of the
project.
• Critical path: The path through project network with the
longest duration.
• Critical Path Method: A network analysis technique
used to determine the amount of schedule flexibility on
logical network paths in project schedule network and to
determine minimum project duration.
• Resource-limited schedule: Start and finish dates
reflect expected resource availability.
Copyright © 2019, 2016, 2013 Pearson Education, Inc. All Rights Reserved
Critical Path Method
TE (1: 4 : 1 ratio ) / 6
T E start fraction left parenthesis
Activity Description 1:4:1 ration right parenthesis over 6
A Contract signing 5
B Questionnaire design 5
C Target market ID 6
D Survey sample 12.7
E Develop presentation 5.8
F Analyze results 4.2
G Demographic analysis 9.3
H Presentation to client 2.2
A 10 --
B 18 A
C 14 A
D 20 B, C