can be understood as a systematic way of

planning, scheduling, executing, monitoring, controlling the different

aspects of the project, so as to attain the goal made at the time of
project formulation

The first step in planning and scheduling a

project is to develop a work breakdown
structure.

are quantitative analysis techniques

that help manager plan, schedule, monitor
and control large and complex projects
 vs.
A management technique, used to manage A statistical of project management that
uncertain activities of a project. manages well-defined activities of a project.

A technique of planning and control of time; A method to control cost and time; focuses
Focuses on time on time-cost trade-off
A probabilistic model A deterministic model

Has three time estimates (Optimistic, Likely, Has one time estimate
Pessimistic)

High precision time estimate Reasonable time estimate

Suitable for research and development Suitable for Non-research projects like
projects construction projects, automotive building
1. Define the Project and all of its significant
activities or tasks.

2. Develop the relationships among the

activities. Decide which activities must
precede and which must follow others.

3. Draw the "Network" connecting all the

activities.

4. Assign time and/or cost estimates to each

activity
5. Compute the longest time path through the
network; This is called the critical path.

6. Use the Network to help plan, schedule,

monitor and control the project.
A Client Trial Access -
B Finalization of System Functions from Client -
Feedback
C MOA Signing A
D Alpha Testing: Testing of Current System A,B
Functions
E Development of Additional Reports and D
Functions
F QA Testing (Internal) C,E
G Beta Testing (UA) and Deployment E
 F
2 4 7
C
A 9
FINISH
1START

3 5 6 8
B D E G
(ESTIMATED START) (ESTIMATED FINISH)

(LATEST START) (LATEST FINISH)

 Expected
Optimistic Most Likely Pessimistic Variation
Immediate Time
ACTIVITY Predecessor
(a) (m) (b) (t)

a+4m+b
6

A - 4* 6 14 7
B - 4 9 14 9
C A 6 13 14 12
D A,B 4 8 12 8
E D 2 10 12 9
F C,E 5 5 11 6
G E 2 5 8 5

*weeks
 F
2 4 7 6
C
A 12
9
FINISH
1START 7

3 5 6 8
B D E G
9 8 9 5
 F 26 32
2 4 7 6

C 7 19
A0 7 12
9
FINISH
1START 7

32
3 5 6 8
Completion time

B 0 9
D 9 17 E 17 26 G 26 31
9 8 9 5
 F 26 32
2 4 7 6 26 32

C 7 19
A0 7 12 14 26
9
FINISH
1START 7 2 9

32
3 5 6 8
Completion time

B 0 9
D 9 17 E 17 26 G 26 31
9 0 9 5
8 9 17 9 17 26 27 32
 F 26 32
0
2 4 7 6 26 32

C 7 19
A0 7 12 14 26
7 9
FINISH
1START 7 2 9 2

32
3 5 6 8
Completion time

B 0 9
0 D 9 17 E 17 26 G 26 31
1
9 0 9 0 0
8 9 17 9 17 26 5 27 32
 F 26 32
0
2 4 7 6 26 32

C 7 19
A0 7 12 14 26
7 9
FINISH
1START 7 2 9 2

32
3 5 6 8
Completion time

B 0 9
0 D 9 17 E 17 26 G 26 31
1
9 0 9 0 0
8 9 17 9 17 26 5 27 32
 Expected
Optimistic Most Likely Pessimistic Variation
Immediate Time
ACTIVITY Predecessor
(a) (m) (b) (t)

a+4m+b
6

A - 4* 6 14 7
B - 4 9 14 9 2.7778
C A 6 13 14 12
D A,B 4 8 12 8 1.7778
E D 2 10 12 9 2.7778
F C,E 5 5 11 6 1.0000
G E 2 5 8 5

*weeks
 Expected
Optimistic Most Likely Pessimistic Variation
Immediate Time
ACTIVITY Predecessor
(a) (m) (b) (t)

a+4m+b
6

A - 4* 6 14 7
B - 4 9 14 9 2.7778 +
C A 6 13 14 12
D A,B 4 8 12 8 1.7778 +
E D 2 10 12 9 2.7778 +
F C,E 5 5 11 6 1.0000 +
G E 2 5 8 5
= 8.3334
*weeks