Venture Management BA 4320 .


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Project Management BA 4320. Richard Fisher The University of Texas at Dallas. Project Management. A PROJECT is a set of tasks (activities) with a definite beginning and ending point. Phases Project Planning Project Scheduling Project Tracking. Steps in Project Management Network Analysis.
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Extend Management BA 4320 Richard Fisher The University of Texas at Dallas

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Project Management A PROJECT is an arrangement of assignments (exercises) with an unequivocal starting and completion point. Stages Project Planning Project Scheduling Project Tracking

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Steps in Project Management Network Analysis Task Definition and Decomposition Define Relationships Estimate Task Times Construct Diagram Network Evaluation Project Tracking and Revision

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Tasks Task (Activity) - A work segment should have been proficient; an errand inside the general venture that has an unequivocal starting and closure point. The action expends time. Deterioration - sketching out Unit measure for undertakings Resources required for assignment

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PM Networks ACTIVITY (TASK) - A work segment should have been proficient; an errand inside the general venture that has an unmistakable starting and completion point. The action devours time. Occasions - Designates the starting and/or consummation of exercises. A point in time. Likewise demonstrates the priority connections of the exercises. Arrange - A blend of Activities and Events that portray the rationale of the venture. There is one clear beginning and consummation point.

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Relationships decide errand sequencing Finish-to-Start Task B can\'t begin until Task An is done Most regular sort Start-to-Start Task B can\'t begin until Task An is begun A postponement is frequently utilized as a part of this relationship A B A B

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A B A B Relationships Finish-to-Finish Task B can\'t complete until Task An is done Start-to-Finish Task B can\'t complete until Task An is begun

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Precedence Relationships A Task C may not start until both An and B have been finished. An and B may happen simultaneously and are parallel undertakings. C D B D Task D may start after B is finished. Undertaking E may start after C is finished. A-B-D-F and A-C-E-F are parallel ways. A F C E

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CPM-Critical Path Method CRITICAL PATH - The way through the system comprising of a few exercises whose aggregate action times are the longest of any way through the system . The most squeezing, unsafe, hazardous way through the system. Typically meant by overwhelming lines through the exercises on the Critical Path. Basic PATH TIME - Total time of all exercises on the basic way.

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CPM Terminology T ES EXPECTED TIME of an assignment (movement) EARLIEST START - Earliest time anticipated that would finish every single past errand. Most punctual FINISH = ES + T for an errand. Most recent FINISH - Latest time an undertaking can complete and still permit the venture to complete on time. Most recent START = LF - T for an assignment. SLACK TIME = LF - EF or LS - ES (there is NO slack on the CP) EF LF LS S

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Steps in Project Management Network Analysis Task Definition and Decomposition Define Relationships Estimate Task Times Construct Diagram Network Evaluation Project Tracking and Revision

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Network Evaluation Steps Construct organize graph demonstrating assignments, connections and undertaking times utilizing standard configuration Define the different ways through the system Moving from left-to-right compute the ES (Earliest Start) and EF (Earliest Finish) time for every errand Define Critical Path Moving from right-to-left figure the LF(Latest Finish) and LS (Latest Start) for every errand Note Slack Times

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Sample Laboratory Example

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T 1. Portrayal of Task goes here (Expected Task time) ES EF LS LF Task (Activity) Diagramming On the basic way: ES = LS & EF = LF

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Sample Laboratory CMP 3.Inspect lab 2. Fabricate lab 8. End extend 7. Pilot eval 1. Start extend 4.Install prepare 5.Recruit staff 6. Prepare Staff

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Gantt Charts Use Horizontal Bars to speak to Tasks on a Horizontal Time Line

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Project Tracking Tips Update Project as required Make beyond any doubt errands are sufficiently separated to see improvement (or absence of advance) Poor "undertaking status" correspondence frequently implies poor advance Watch for changes in Critical Path Make beyond any doubt that there are no "asset clashes"

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