Professional Documents
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GROUP # 4 Sanjib Kumar Sahoo Sovesh Kumar Jena Umesh Kumar Singh Manoj Patnaik U208050 U208051 U208058 U408024
Suppose there are 4 activities in series each taking 10 hours. To keep it simple, each task has the same probability distribution of completion
What are the chances that all the tasks 1, 2, 3 and 4 will all get delayed? Very remote What are the chances that 1, 2, 3 and 4 will all happen early? Nearly impossible What are the chances that some tasks will get delayed and some will happen early and at the beginning of the project we do not have a clue which one will happen early and which one will happen late? Most Likely.
Putting Safety Everywhere Lengthens Project Time What happens to this safety?
Paradox ?
Whats happening to all that built in safety? If half of the tasks usually finish early and half of the tasks finish late, shouldnt the safety time even out? Lets examine what happens to all that safety.
Assigned
Due Date
6
Working to Due Dates Reduces Safety in Each Task We often plan work late knowing the time available and average time it takes Student Syndrome... Many times Murphy strikes and tasks take longer than average Many times scheduled due dates are missed
7
Lets take advantage of good statistics. If we finish early, we can move on to the next task. Dont waste Safety Allocated.
Before: 85% Estimate
1 2 3 4 5 6 7 8 9
Completion Distribution
10
Buffer
Due Date
1 2 3 4 5 6 7 8 9 10
Buffer
Due Date
Notice, we are only changing the schedule. Actual work distributions are the same. If we finish early, we can capture 10 the advantage.
A2=7 B2=3
FB=1
B3=6
C1=4
Sep 5, 2002
C2=8
FB=5
D1=4
PB = 8
1-11
Project Management
A2 2 weeks
C2 1 week
C3 2 weeks
C1 C2 wk wk
Critical Chain Project Network 1. Resolve Resource contention 2. Identify Critical Chain 3. Insert Project Buffer (50% of 50% of Critical Chain LT) 4. Insert Feeding Buffers (50% of 50% of Feeding Path)
A-14 D-20
A-7 B-5
FB-6
PB-18
LT = 54 days
D-10
C-8
Sep 5, 2002
1-16
The Furnace slow heating job took more time than planned
1. Prioritize 2. Plan via Critical Chain Method 3. Prevent Overloads (Stagger The Projects) 4. Measure the buffers 5. Manage by the buffers
Difficulties.
Culture of the organization. Mindset / experience and approach of the Project Manager. System / frequency of review. Syndication of stakeholders / contractors. Updation of the progress of activities. Monitoring of Project Buffer penetration and re-allocation.
THANK YOU