Project Management

Project A complex, non-routine, one-time effort limited by time,

budget, resources and performance specifications designed to meet
customer need

Major characteristics
An established objective
Unique
Defined life span
Defined budget
Multifunctional -- CONFLICT
Interdependency
Uncertain -- RISK
 Project Management
Network Technique
A network of activity and event relationships that graphically
portrays the sequential relations between the tasks in a project

PERT -- Program Evaluation and Review Technique

Probabilistic activity time

Research & Development

CPM -- Critical Path Method

Deterministic activity time

Construction/Production/Market Survey
 Project Management
Network Technique

Task Predecessor Time

A - 5
B - 4
C A 6

D B 2

E B 5

F C, D 8
 Project Management
Activity on Node

A F

Start D End

E
 Project Management
5 11

C
0 5 11 19
5 11
A F
0 0 4 6 19 19
0 5 11 19
Start D End
0 4
0 0 9 11 19 19
B
4 9
5 9
E Critical Path
14 19 ACF
 Project Management
GANTT Chart

Task Pred Time 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

A - 5

B - 4

C A 6

D B 2

E B 5

F C, D 8