The Completion of the Project - Essay Example

Helps the project manager to concentrate their attention to the critical activities and their completion in timeProvides the best way of planning and scheduling a projectGive complete information about duration, slackness, etc of activitiesSuggest areas for increasing efficiency and reduction of costsHelps to formulate new schedules and when the existing schedule cannot be metMinimizes delay in completion of the projectDisadvantages of NetworkingThe realistic time estimates are not obtained. In the case of the new and non-repetitive type of projects, the time estimates are more often mere guesses It is not easy to develop a clear logical network in some casesThe level of network details cannot be determined properly in some cases.

The level of details varies from planner to planner depending on the judgment and experienceLack of trained personnel in the network methodology. Advantages of WBSAllows the project manager to understand the scope of the projectFacilitates the manager to understand the various activities, sub-activities, and their completion timeIt provides the framework to understand the planning and controlling the cost of the projectIt can be revised as and when required by the managerDisadvantages of WBSIn the case of some projects, certain activities cannot be delineated from other activities because of overlappingThe exact deliverables need not be estimated with accuracy in case of all projectsThe philosophy of WBS preparation may change from firm to firm.(k) Integrate WBS and OBS for the projectResponsibility Assignment Matrix (RAM)Performing DepartmentLandscapingFoundationSidingRoofingPlumbingFinishingProject Manager (Andy)PlasteringFramingWiringSkylightTV AntennaPaintingMake CurtainLay CarpetBuilder ( Joseph)