Managing Projects Insert Tutor Institution Date Managing Projects Introduction Project management is the art of professional organization of all components of a certain project irrespective of whether the target is to launch a new service or a brand for a particular product…
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Any concurrent activities, which activity follows which? The network diagram will look as below and boxes represent the following aspects: If activity A has duration of 4 days, earliest start time would be day 0 (zero) and the earliest finish would be day 4. The earliest start for activity B would be day 4 and the earliest finish would be day 9 as a result of adding. Earliest finish of activity A (4) + duration of activity B (5) = 9 early finish for activity B In general, earliest finish of previous activity+ duration of current activity= earliest finish of the current activity. (Early finish for earlier tasks becomes the early the start for next activity). For a case like activity G that has several preceding activities, we take the value, which has the largest earlier finish value (F 13). The latest start and latest finish are determined by working backwards through the project. Latest start for activity Q = earliest finish of activity Q because it is the last activity. In general: Latest start= latest finish– duration The latest start used as the latest finish for the previous activity. For instance, the latest start for activity Q is 93–5= 88 and this is used as the value for latest finish for activity P. for activities like I & J we use the latest start for activity K. for activity H we take the least value for latest start in this case is 34 (latest start for activity I). ...
calculated by: Early finish– early start– duration=Total float For instance, to calculate total float between activities G &H =34–13–(13+8) =0 Critical path is the least amount of time that can be taken to complete the project. This means that there is no float, no free time and a delay in the critical path can lead to a delay in project completion. It can be determined by adding the duration of each activity in the sequence where there is no float. In our case, the critical path is from activity A to Q in the sequence: A(4)+F(9)+G(13)+H(8)+I(7)+K(8)+L(13)+M(9)+N(4)+O(4)+P(9)+Q(5) =93. It is very important as it helps in time scheduling of consecutive activities in a project. Events that occur here are known as milestone (Harold, 2009). If the activity begins on Monday January 16th, the project needs a total of 122 days to finish with a five-day working period then we find out how many weeks we be will need. If one week has a total of 5 working days then the project will take 122?5=24 weeks and four days, then the project will end on Thursday 5th July 2012. In case activity B is delayed by two days, there would be no effect on the total project duration because it has a float of four days. This is however not the case for activities P and O, delaying activity P by two days or activity O by a day will affect the total duration of the project because there is no float for the two activities (Harold, 2009). Limitations of network diagrams The time estimates depend on personal bias, there is no specific formula for determining the duration of the activities and speculation is used. This may affect the whole project just in case any activity is delayed or takes a longer duration to finish. As seen from above, activities without float if delayed for any reason can
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“SIM335 Managing Projects Essay Example | Topics and Well Written Essays - 2500 Words - 1”, n.d. https://studentshare.org/management/1394123-sim335-managing-projects.
Determining the timing of the activities involved will also be dependent upon the network of the processes that have to be carried out. The timing of the activities was determined based upon their dependability upon other activities. The timing of the beginning of an activity was set in such a way that when the previous activity was finished, the new activity was started right away.
Project Duration and Critical Path 3 4. Project Completion Date 4 5. Effects on Project Duration with Activity Delays 5 5.1 Activity B is delayed by one day 6 5.2 Activity P is delayed by one day 7 5.3 Activity O is delayed three days 8 6. Purpose of Network Diagrams 9 LIST OF FIGURES Figure Title Page 1.
The project has be executed within a loan budget of ? 300,000. The Ashleigh Council has awarded the Ashleigh Music Festival Limited (AMF Ltd) the tender to manage the entire music festivals. The Ashleigh Music Festival is a three day event that will be held at an outdoor site which has already been identified.
Project management is a vast area and requires specialized knowledge and expertise of technology and management. Apart from that, to get success the project structure needs to be clearly defined. A project structure is usually the pathway which is followed by a project to reach its goals (Larson and Gray, 2006).
Conducting business on an international scale provides these companies with a number of challenges relating to the complexities of different international markets. Global and domestic project management are similar because in a project can not succeed if there no good binding between the team members.
An element of work performed during the course of a project. An activity normally has an expected duration, an expected cost, and expected resource requirement. Activities are often subdivided into tasks. The Project Management Network Diagram (PM Network Diagram) provides a visual illustration of the project management life cycle where all tasks are done in a proper way and a well-organized process1.
Every project involves a set of interrelated activities and has a definite beginning and end. Since every project has many aspects to look after for the attainment of project objective, the need for its proper management was seriously felt long back. The
The conclusion from this study states that as production manager of Willnam mechanical service Company and project manager of this project tried to present the detailed analysis of office relocation project plan, the project’s main steps, the important moves and review plan for the overall project management.
No organisation operates without a project or activity. The project has to be managed by a well-trained manager who knows how to act in situations that require immediate and precise decisions.
Project management is getting the right things done on time (Larson and
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