Project Management The effectiveness of the plans Essay

Project Management The effectiveness of the plans - Essay simulationProject management is the training, organizing, directing and controlling of company resources for a relatively short-term objective that has been constituted to complete specific oddments and objectives. For planning and organizing the resources, Program evaluation and review technique(PERT) and Critical Path Method (CPM) be widely utilise techniques for better planning and control in fox management. It forms the basis for all planning and predicting and these techniques provide the management with the ability to plan for the best possible use of resources to achieve a goal within the stipulated cartridge holder and allotted budget. These techniques which were used for defense during the World War II, are now used by business managers across the world to get a visibility of the activities involved in the project so that repetition of activities is reduced.It helps the management to handle the uncertainties involved in the program by analyzing how much time is required for each activity and which activity is crucial for the timely completion of the project. It is useful for the management to store all the relevant information for reservation decisions. The major deficiency of other methods such as the Gantt, milepost or bubble chart is the inability to show the interdependencies between event s and activities, which is overcome in the network abstract. The foremost advantage of PERT is that it requires planning in detail to create a network of activities. Network instruction and critical path analysis reveal interdependencies and problem areas that are not really clear if other methods are used. The technique lays its focus on determining where the greatest effort should be made for a project to stay on schedule. The next greatest advantage of network analysis is that the business manager can know about the probability of meeting specified deadlines by development of alternative plans. Another advantage of this analysis is that we can evaluate the effect of changes in the program. For example this technique can evaluate the effect of contemplated shift of resources from the less critical activities to the activities that are identified as presumptive bottlenecks. Thus resources and performance tradeoffs can be evaluated. This analysis also helps to present even the most involved data into a diagram which can be presented to the customer/ management which makes the understanding and decision making easier. The network diagram and the calculation of full float is shown in the appendix - 1 and 2 respectively. The total project duration is 73 twenty-four hour periods and the critical path for the project includes the activities A, B, I, J, L, M, N, O, P, R. If the project starts on whitethorn 5th, 2008, the earliest date it will be completed is 13th August, 2008 if it is assumed that there are 5 days working in every week. From the analysis, we can say that when there is a 4 day delay during Q or E, there will not be any change because these activities are not a part of the critical path. When activity P is finished one day in advance, consequently the whole project will