Notes for Final

Notes for Final - Project a unique, one time effort;...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Project – a unique, one time effort; requires the completion of a large number of interrelated activities; resources such as time and/or money, are limited Objectives of PM: - insure performance - control costs - manage timely completion PM has a cost: direct time and the opportunity cost of what is not being adequately planned Failure to plan has cost: wasted time, missed milestones, rework, etc. #1 reason for failure: Scope Creep – if you don’t know where you’re going, you’ll prob de disappointed when you get there Planning Phase – i.d. tasks Scheduling Phase – detail descript. and schedule plan and test capacity; milestone charts Controlling Horizontal bar charts are called Gantt charts Advantages: - easy to understand - easy to modify and update - low cost Disad: - cumbersome for large project - must keep up to date - doesn’t easily show the relationships among the activities Backward schedule is also called a work tree – slack is more obvious Critical Path Analysis: - ES: earliest an activity can start, all must be done before and the last one is the earliest for the next start time - EF: earliest finish time – ES + duration of task
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/29/2008 for the course BUAD 361 taught by Professor Guererro during the Spring '08 term at William & Mary.

Page1 / 3

Notes for Final - Project a unique, one time effort;...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online