Project Management

Project
A project has definite beginning and end points.
A project can be broken down into a number of
activities.
A project has by a target completion date.
A project is usually large and complex and has
many interrelated activities.
The execution of the project activities is always
subjected to some uncertainties and risks.
 Representation of a Project
• Gantt Chart
• Bar Chart
• Milestone Chart
• Network Diagram
NETWORK DIAGRAM
 Drawing the Network Diagram

Activity A B C D E F G H I J K L M N
Immdiate B, B, D, D, G, G, J,
Predessor - - - A A E E C F F H H K L
Duration
7 12 17 15 9 11 5 8 10 15 10 8 10 7
 D,9
20 50 I,15
E,15 F,5
A,7 J,10
B,17
10 40 70 90
M,10
G,8 K,10

C,12 N,7
H,11 L,8
30 60 80

Activity A B C D E F G H I J K L M N
Immdiate B, B, D, D, G, G, J,
Predessor - - - A A E E C F F H H K L
Duration
7 17 12 9 15 5 8 11 15 10 10 8 10 7
 Project Plan Computation
• Based on the precedence relationship,
determine earliest start and finish and
latest start and finish for each activity
• Determine the project duration
• Calculate float for each activity and
determine critical activities
• Develop timetable of resource
requirements based on activity schedule
 Project Control
• Ascertain project specifications, timelines
and resource budgets before embarking
on a project
• During review, monitor progress of each
activity, especially critical activities
• Reassign resources to bring project back
on track in case of slippage
• Elevate Issues to Steering committee
• Monitor costs
 Advanced Topics
• Crashing
• Resource levelling in projects
• Use of buffer
• Cash flow
• Man-Management in projects
• Scheduling
• Risk Management