The document discusses various techniques for developing project schedules using critical path method (CPM). CPM finds the longest stretch of related activities that determine the critical path - the longest path through the network diagram with the least amount of slack. It is important to track the critical path over the project life so the project manager can make trade-offs if behind schedule by reallocating resources or renegotiating schedules. To shorten schedules, techniques like crashing, fast tracking, and reducing activity durations while considering cost and resource trade-offs can be used while keeping track of the updated critical path. Critical chain scheduling also considers limited resources and uses buffers differently to improve finish dates.
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Developing The Schedule
The document discusses various techniques for developing project schedules using critical path method (CPM). CPM finds the longest stretch of related activities that determine the critical path - the longest path through the network diagram with the least amount of slack. It is important to track the critical path over the project life so the project manager can make trade-offs if behind schedule by reallocating resources or renegotiating schedules. To shorten schedules, techniques like crashing, fast tracking, and reducing activity durations while considering cost and resource trade-offs can be used while keeping track of the updated critical path. Critical chain scheduling also considers limited resources and uses buffers differently to improve finish dates.
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Developing the schedule
Critical Path Method:
• The critical path method (CPM), or sometimes called critical path analysis, is an algorithm for scheduling a set of project activities. • it is determined by finding the longest stretch of related activities and measuring the time it takes to finish them. • Alternatively, The longest path through the network diagram that has the least amount of Slack or Float. Misconceptions about the critical path: • Some people think the critical path includes the most critical activities in a project. • Some think that the critical path is the shortest path through the network diagram. • other misconceptions include: could there be more than one critical path? • could the critical path change? Using critical path analysis to schedule trade- offs: • Keeping track of the critical path through out the life of a project is important, so the product manager could make trade-offs. • if the project is behind schedule, the project manager should know what to do. • should the schedule be renegotiated? • should resources be allocated to other tasks to make up for time? • Here is where Slack or Float comes into play. • Project managers calculate free and total slack by doing a forward and backward pass through a network diagram. Using the critical path to shorten the schedule: • It is common for stakeholders to want to shorten a project schedule estimate. • the project manager can use several duration compression techniques to shorten the project schedule. • one technique is to reduce an activity's duration. • Crashing is a technique for making cost and schedule trade-offs. • Fast tracking involves doing activities in parallel that you would normally do in sequence. • It is imortent to keep track of and update the critical path. Critical Chain Scheduling: • Another technique that addresses the challenge of meeting or beating project finish dates. • it is an application of the Theory of Constraints. • Critical chain scheduling is a method of scheduling that considers limited resources when creating a project schedule. • An important concept in critical chain scheduling is the availability of scarce resources. How Multitasking affects Projects: • Multitasking occurs when a resource works on more than one task at a time. • This situation occurs frequently on projects. How to improve project finish dates with critical chaining: • An essential concept to improving project finish dates with critical chain scheduling is to change the way people make task estimates. • Many people add a safety or buffer. • Critical chain scheduling removes buffers from individual tasks and instead creates a project buffer. • tasks on the critical chain are protected from being delayed by using feeding buffers. • Not having task buffers should mean less occurrence of Parkinson’s Law.