ProjectManagement.pptVIP

Chapter 16 – Project  Management Operations Management by R. Dan Reid Nada R. Sanders 2nd Edition ? Wiley 2005 PowerPoint Presentation by R.B. Clough - UNH Learning Objectives Describe project management objectives Describe the project life cycle Diagram networks of project activities Estimate the completion time of a project Compute the probability of completing a project by a specific time Determine how to reduce the length of a project effectively Describe the critical chain approach to project management Project Management Applications What is a project? Any endeavor with objectives With multiple activities With defined precedent relationships With a specific time period for completion Examples? A major event like a wedding Any construction project Designing a political campaign Five Project Life Cycle Phases Conception: identify the need Feasibility analysis or study: costs benefits, and risks Planning: who, how long, what to do? Execution: doing the project Termination: ending the project Network Planning Techniques Program Evaluation Review Technique (PERT): Developed to manage the Polaris missile project Many tasks pushed the boundaries of science engineering (tasks’ duration = probabilistic) Critical Path Method (CPM): Developed to coordinate maintenance projects in the chemical industry A complex undertaking, but individual tasks are routine (tasks’ duration = deterministic) Both PERT and CPM Graphically display the precedence relationships sequence of activities Estimate the project’s duration Identify critical activities that cannot be delayed without delaying the project Estimate the amount of slack associated with non-critical activities Network Diagrams Activity-on-Node (AON): Uses nodes to represent the activity Uses arrows to represent precedence relationships Step 1-Define the Project: Cables By Us is bringing a new product on line to be manufactured in their current facility in some existing space. The owners have