Projects and Operations Management week 3 - Yasmine Benanderrahmane (1).docx

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Running head: Week 3 – Project and Operations Management 1 Week 3 – Critical Path Yasmine Benabderrahmane, MBA in Project Management BU 630 Project and Operations Management Dr. James Williams Herzing University March 24, 2019
Week 3 - Project and Operations Management 2 Abstract. The purpose of this paper is to examine project management and especially the critical path method of a project. Project management is described in the literature as the management of several resources needed for a project. Project and process are two types of organizational activities. When process refers to the daily routine of activities, projects are punctual and involves a start and end dates. The success of a project is linked to the effective management of cost, schedule, and performance. Cost involves money resources, scheduling is the organization of tasks’ duration, and performance implies the quality of the project’s outcome. The project manager is the one who manages the triad to plan and control the project. She/he needs to effectively 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 methodology which consists of several steps to identify the overall duration of the project. The management of a software development follow the steps of the critical path methodology. Keywords : Project Management, Cost, Schedule, Performance, Critical Path
Week 3 - Project and Operations Management 3 INTRODUCTION Although 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 to avoid 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 of methods and tools to help them planning and monitoring projects. Several ways exist in which the critical path method. The first part of the paper gives a literature overview of project management and critical path methodology. The second part focuses on the application of the critical path method on a software development project. LITERATURE REVIEW Project Management The literature review describes project management as the management of technology, individuals, culture, and stakeholders who are necessary for the completion of a project. Project management has a tremendous pertinence within several industries. It was developed from engineering disciplines since projects continuously augment in complexity and size (Smith, 2012). According to Ionata (2006), project management came from fields of civil and construction engineering and has been widely acknowledged as a holistic managerial approach.

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