Presented By Vikas Singh

Per aps t e ol est form of or a ized activity

Definition : A set of fi ite activities t at is usually performed o ly o ce a d as well defi ed objectives

ƒ ƒ Project Management : i volves pla i a d co trolli a project : its oal is to ensure t at t e project objectives are ac ieved on time and on budget Objectives and trade offs : Cost . c edule. and Performance : Managing projects often requires one to take decisions w ic involves trade off between t ese 3 parameters ƒ .

ƒ ƒ ƒ Cost Overrun Time overrun Fails to meet its performance objectives .

Initiation 2. A project life cycle serves to define t e start and end of a a project. Control 5. Planning 3. Every p ase could typically involve t e following processes 1.A project can typically be divided in to several p ases All t ese p ase are collectively referred to as PLC. Closure . Execution 4.

ƒ ƒ ƒ Planning c eduling Control .

ƒ ƒ ƒ ƒ ƒ Identify t e project customers Establis t e end product or service Set project objectives Estimate total resources and time required Decide on t e form of organization .

ƒ ƒ ƒ Make key personnel appointments Define major tasks Establis a budget .

ƒ ƒ ƒ Develop a detailed Work reak down Structure (W S) Estimate time required for eac task Sequence t e tasks in t e correct order .

ƒ ƒ ƒ Develop a start /stop time for eac task Develop a detailed budget for eac task Assign people to tasks .

ƒ ƒ ƒ ƒ ƒ Monitor actual time cost and performance Compare planned to actual figures Determine w et er corrective action is needed Evaluate alternative corrective action Take appropriate corrective action .

1.2 Work Package 1.2 1 2 3 4 Subtask 1.1.Level Program Project 1 Task 1.1 Project 2 Task 1.1.2 Subtask 1.1 .1.1 Work Package 1.1.1.

difficult to sc edule and resc edule for complex projects .Gantt Chart: Utilizes a bar or or milestone c art s ows not only ow muc time is required for eac activity but also w en eac activity takes place. Advantages : Easy to use and understand Disadvantages : Do not s ow interdependencies and relations ip between activities .

ƒ ƒ ƒ ƒ Network met ods use a grap or a network to s ow precedence relations . Events . (nodes ) T e start or end of an activity Activity : consume a finite amount of time Dummy activities : Consume 0 (zero) time .

Arrow on Activity(AOA) .ƒ ƒ ƒ Critical Path : represents T e set of activities w ic would decide t e minimum time required for completing t e project.Arrow on Node (AON ) . Slack ( Free /total ) : t e amount of time t at t e activity time con be increased wit out delaying t e very start of t e next activity Notations : Conventions used in drawing t e network .

Latest Start Time (LST). slack .ƒ ƒ Constant time network : T e time for eac activity is assumed to be constant Deterministic time estimates Computations : Earliest Start Time ( EST). . Critical Pat . Earliest Finis Time ( EST). Latest Finis Time ( EFT).

Most probable Time Estimate. ariance on t e expected time of completion . Pessimistic Time Estimate. Most likely Time Estimate.ƒ ƒ y ased on Probabilistic time estimates : Optimistic Time Estimate. Computations : Expected time of completion .

Normal Cost Computations : Least cost way to reduce the normal project completion time . Normal Time . Terms : Crash Cost .ƒ ƒ ƒ Assumes t at Cost and Time are inversely related and ence project completion time can be reduced by incurring igher costs . Crash Time .

PM require a blend of both quantitative and behavioral skills Leadership ƒ y Contingency planning ƒ y Allocation of scarce Resources Techniques of load leveling ƒ Management of Multiple Projects .