Lecture 2 - Slack time The Excess time or the time project...

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

View Full Document Right Arrow Icon
OPMA LECTURE 2 Project Management: A collection of related activities for an output (usually large scale) over a long-term time period Project Success evaluation criteria: - Cost - Time - Quality Project Life Cycle: - Identify - Develop - Perform - Terminate Project Management Triangle: - Schedule - Cost - Scope Work Breakdown Structure: Breakdown of small and large tasks of the project - Activity - Event - Milestone Critical Path Method: LONGEST path in the Network Model
Image of page 1

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

View Full Document Right Arrow Icon
Network Model: - Start - End
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Slack time: The Excess time or the time project tasks are not being performed between the start and end time. Program Evaluation and Review Technique (PERT) Categorizes 3 time estimates: -Optimistic (A) -Pessimistic (B) -Most likely (M) Probability of completing path (project) -Use normal curve -Project Crashing: Speeding up a task of the project to save time (Time-Cost Trade off) p p p ET D Z Z ET D p p p...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern