Project Planning and Scheduling
Project Planning and Scheduling
Project planning consists of activities such as work break down structure, statement of work,
and accurate time estimates and schedules in order to prevent the occurrence of any short coming
in the project execution. Planning of project is the first step, which provides the means to satisfy the
needs of the project sponsor towards achieving the desired objective. Usually, most of the project
decisions are taken during the preliminary planning stage. Project planning is essential in order to
minimize risks and uncertainties at the beginning of a project. It also serves as a base line for making
changes as status information is gathered during the implementation of the project.
Project planning is aimed at meeting the following objectives:
i. Analyzing: Project planning is aimed at visualizing the way the work is to be
done, in what other, and with what resources.
ii. Anticipating: Planning focuses on the probable potential problems, devising
a way of overcoming such, and predicting associated risks in order to
minimize their effects.
iii. Co-ordinating and controlling: planning lays emphasis on an un-interrupted
network within and outside the parties involved in the project in order to
develop appropriate method of estimating and controlling project time and
costs.
iv. Schedule: Project planning is aimed at identifying appropriate resource to
enable their optimal use at each aspect of the project.
V. Information Management: The aim of project planning is to supply the
relevant information necessary for effective planning,as well as the
presentation of the facts in respect of the project.
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Networking analysis is most effective in dealing with complicated
[projects, especially those with external constraints, and complex
interrelationships such as management contracts, design management.
i. It furnishes all concerned agencies about the relationship
between the various elements in a given project work.
ii. It is useful in the computation of the time, cost, and the
resources needed for the project.
iii. It facilitates the control of project.
iv. It enables the planner to develop a more detailed plan
v. It categorically separated the planning and scheduling
functions to avoid overlapping.
vi. It encourages effective planning of project before
committing resources.
The main disadvantage of this planning tool is that it is tedious and
exerting task, if attempted manually.
Among the network analysis are the PERT (project evaluation and Review
Technique). And CPM Critical path method) PERT is time oriented, a probabilistic
model, and concentrates on schedules. CPM on the other hand is activity oriented,
a deterministic model, and focuses on trade-offs.
In most cases, PERT is applied where activities are complex and
sequential with emphasis mainly on time estimates.
Generally, CPM is mostly found useful in repetitive activities
(construction projects which are quite often undertaken by the
contractors), whereas PERT is useful for newly under taken research
and development projects where time has a significant effect..
The longest path (in terms of time) is called the critical path. Paths other than
the critical path are called non-critical or slack paths
7. Each event of the network can be assigned two specific time dimensions. These
are: (i) Earliest expected time, Te, and the latest allowable event time Tl.
where:
a = the optimistic time (To) for completion of an activity.
m = The middle or most likely time (Tm) for completing the activity
b- The most pessimistic time Tp ) for completing the activity
The standard deviation of each activity is given as
𝑏−𝑎
𝛿= .
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The variance is given as the square of standard deviation.
(𝑏−𝑎) 2
𝛿2 = .
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The longest chain or path determines its Te. That is, the. highest value obtained
in the second step (step ii) is the Te of the event.
6 Determine the critical path. That is, the longest expected time for the
project
7. calculate the earliest expected time, Te, and the latest allowable time, Tl for
each event.
8. Calculate slacks for each event =Tl- Te
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9. Conduct the necessary probability analysis on the PERT network
to generate management information regarding project
completion.
10.Monitor changes on the distributed networks where necessary.
Significance of PERT
The following are fundamental rational underlying the intoduction of
PERT planning system to project.
- It fosters increasedI orderliness and consistency in planning and evaluation
of all the parts in a given project.
PERT prescribes a comprehensive procedure to be followed right from
the start to the completion of a given project. The method accommodates
both routine (productive) activities as well as non-routine
(unproductive)activities found mostly in research and development projects.
Thus, all parts of the projects system are fully integrated into a
meaningful whole.
- PERT enables easy identification of potential trouble spots which may arise
due to a failure in one area of the project. A project consists of numerous
and separate activities linked together in terms of systems ultimate goal.
The PERT system, therefore, outlines a set of rules which must be
followed and observed in order to identify those activities in the project that
may be potentially troublesome. Such identification enables the
manager(s)of the project or system to concentrate on those activities which
may affect the current day activities in order to bring the project to a
successful completion.
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-PERT enables speedy handling and analysis of the integrated data.
The use of PERT helps in easy identification and rectification of any out -of-
phase situations. This is achieved by programming the PERT system to be
compatible for a wide range of computers.
-PERT system is a vehicle that enables systematic observation of the results of one or
more possible decisions on the pre-determined objectives.
Thus, once the trouble spots of a given project has been detected, it gives an
opportunity to sit across various other alternative decisions for the correction.
Illustration
A project with three-time estimates for its activities is presented as shown: