Lesson 8 - ProjectManagement...

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Project Management
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Introduction to Project Management Projects can be simple (planning a company picnic) or complex (planning a space shuttle  launch). Successfully completing a project requires: Knowledge of the tasks involved Accurate estimates of time and resources required Knowledge of physical and logical relations between the various tasks Project management techniques Critical Path Method (CPM) Program Evaluation and Review Technique (PERT) Spreadsheets can be used to manage projects, but dedicated project management  software is often more effective.
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An Example: Lightner Construction Tom Lightner owns Lightner Construction, a general contracting company  specializing in the construction of single-family residences and small office  buildings.  Tom frequently has numerous construction projects going on at the same  time and needs a formal procedure for planning, monitoring, and controlling  each project.  He is aware of various project scheduling techniques but has never used  them.  He wants to see how he might apply such techniques to one of the home- building projects he will be undertaking in the near future.  The following slide summarizes each of the major activities required for this  project.
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Summary of Activities Time Immediate Required Predecessor Activity Description  (in days) Activities A Excavate 3 -- B Lay foundation 4 A C Rough plumbing 3 B D Frame 10 B E Finish exterior 8 D F Install HVAC 4 D G Rough electric 6 D H Sheet rock 8 C, E, F, G I Install cabinets 5 H J Paint 5 H K Final plumbing 4 I L Final electric 2 J M Install flooring 4 K, L
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This note was uploaded on 02/08/2011 for the course MGMT 386 taught by Professor Markowitz during the Summer '10 term at Rutgers.

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Lesson 8 - ProjectManagement...

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