75%(4)3 out of 4 people found this document helpful
This preview shows page 1 - 4 out of 14 pages.
Running head: Week 3 – Project and Operations Management1Week 3 – Critical PathYasmine Benabderrahmane, MBA in Project ManagementBU 630 Project and Operations ManagementDr. James WilliamsHerzing UniversityMarch 24, 2019
Week 3 - Project and Operations Management2Abstract.The purpose of this paper is to examine project management and especially the criticalpath method of a project. Project management is described in the literature as the management ofseveral resources needed for a project. Project and process are two types of organizationalactivities. When process refers to the daily routine of activities, projects are punctual andinvolves a start and end dates. The success of a project is linked to the effective management ofcost, schedule, and performance. Cost involves money resources, scheduling is the organizationof tasks’ duration, and performance implies the quality of the project’s outcome. The projectmanager is the one who manages the triad to plan and control the project. She/he needs toeffectively allow the resources, estimate the duration and manage the overall project’s quality.Numerous methods enable the management of the project in which the critical path methodologywhich consists of several steps to identify the overall duration of the project. The management ofa software development follow the steps of the critical path methodology.Keywords: Project Management, Cost, Schedule, Performance, Critical Path
Week 3 - Project and Operations Management3INTRODUCTIONAlthough the successful project’s completion might not significantly benefit a company,the failure to successfully achieve projects is highly negative to any organization. The need toavoid project failures propelled project management as a vital component in businesses (Korte,1999). Organizations are utilizing project management to accomplish their objectives (De Reyck,2010) even though it does not guarantee an effective completion. Project managers dispose ofmethods and tools to help them planning and monitoring projects. Several ways exist in whichthe critical path method. The first part of the paper gives a literature overview of projectmanagement and critical path methodology. The second part focuses on the application of thecritical path method on a software development project.LITERATURE REVIEWProject ManagementThe literature review describes project management as the management of technology,individuals, culture, and stakeholders who are necessary for the completion of a project. Projectmanagement has a tremendous pertinence within several industries. It was developed fromengineering disciplines since projects continuously augment in complexity and size (Smith,2012). According to Ionata (2006), project management came from fields of civil andconstruction engineering and has been widely acknowledged as a holistic managerial approach.