Project Management

Front 1

Project Management Goals

Back 1

1.) Plan- goals want to achieve what is needed
2.) schedule how to step up planning sequence
3.) control- not going as planned need to recover

Front 2

PERT and CPM

Back 2

program evaluation and Review Techniques (allow for variability) and critical path method (no variability)
graphically displays project activities
est. how long the project will take
1.) identify activities
2.) determine sequence
3.) create network
4.) determine activity time
5.) find critical path

Front 3

Slack

Back 3

Allowable delay
S = LS - ES OR LF - EF

Front 4

Critical Path

Back 4

longest path in activity
shortest time project can be completed
any delay on critical activity delays entire project
activities have zero slack

Front 5

ES

Back 5

Begin at start work forward
ES= 0 for first activities
EF = ES + activity time
ES = Max EF of all predecessors for non started activities

Front 6

LS

Back 6

Begin at the end work forward
LF= Max EF for ending activities
LS = LF-Activity time
LF= Min LS of all successors

Front 7

Individual Paths

Back 7

each are normally distributed due to Central Limit Theory
each paths duration time is independent of others paths duration times

Front 8

Crash

Back 8

shorten activity durations by injecting additional resources
increases direct expenses realize savings in indirect project costs