Causes of In-adequate Project Formulation-Project Management-Lecture Slides, Slides of Project Management

Download Causes of In-adequate Project Formulation-Project Management-Lecture Slides and more Slides Project Management in PDF only on Docsity! Causes of In-adequate Project Formulation • Superficial and/or unrealistic field investigations • Cursory assessment of input requirements • Slip-shod methods used for estimating costs/benefits • Omission of project linkages • Flawed judgments due to lack of expertise • Undue hurry to get started • Deliberate over-estimation of benefits and under- estimation of costs Docsity.com Tools of Project Planning • Bar Charts/ Gantt Charts/Multiple Activity Chart • Network Techniques • Hierarchy of Plans Docsity.com Diverse Applications of PERT & CPM • Launching a spaceship • Construction of an industrial plant • Building a large housing project • Overhauling of an organization • Research and development program • Manpower training program • Starting a new venture • Adult literacy program Docsity.com PERT, CPM and Network Cost System • Development of project network • Time estimation • Determination of critical path • Scheduling when resources are limited • PERT Model • CPM Model • Network Cost System Docsity.com Rules for Network Construction • Arrow as an activity • Node as an event and having a distinct number • Activity denoted by preceding and succeeding event • No loops in project network • No more than one activity can have the same preceding and succeeding events • A dummy activity is an imaginary activity with zero time and resource use • Dummy activity is used to show logical flow or a constraint and to smooth out network construction Docsity.com