L1: WHAT IS A PROJECT? Flashcards
It is a temporary endeavor. Undertaken to create a unique product, service, or result
Project
What does a project involves?
- Planning
- Scheduling
It is the following:
- Scope Definition
- Schematic or Conceptual Design
- Budget Number
- Time Frame
Planning
It is the following:
- Calculate the Project Completion Date
- Calculate Start and End of a Specific Activity’
- Deal with Conflicts and Issues
- Improving Work Efficiency
- Monitor delays and other changes in the project
Scheduling
What are the different Scheduling Techniques?
- Program Evaluation and Review Technique (PERT)
- Critical Path Method (CPM)
- Precedence Diagram Method (PDM)
Developed for the U.S. Navy Special Projects Office in 1957 to support the U.S. Navy’s Polaris Nuclear submarine project.
Program Evaluation and Review Technique (PERT)
A method to analyze the involved tasks in completing a given project, especially the time needed to complete each task, and to identify the minimum time needed to complete the total project.
Program Evaluation and Review Technique (PERT)
This method calculates the longest path of planned activities to logical end points or to the end of the project
Critical Path Method
It also computes the earliest and latest time that each activity can start and finish without making the project longer.
Critical Path Method
This process determines which activities are “critical” (i.e., on the longest path) and which have “total float” (i.e., can be delayed without making the project longer)
Critical Path Method
Developed in the late 1950s by Morgan R. Walker of Du Pont and James E. Kelley, Jr. of Remington Rand
Critical Path Method
Developed in the early 1960s by H.B. Zachry in cooperation with IBM.
Precedence Diagram Method (PDM)
- It shows the inter-dependencies among various project activities.
- It has largely replaced Arrow on Node diagramming.
- It represents activities as boxes that are assigned properties of the activities they represent.
Precedence Diagram Method (PDM)
