Professional Documents
Culture Documents
Project Management
Project Management
Operations Management
William J. Stevenson
8th edition
17-2 Project Management
Project
Management
Projects
A Done
Build B
B Done
Build C
C Done
On time!
Build D
Ship
Project Management
How is it different?
Limited time frame
Narrow focus, specific objectives
Why is it used?
Special needs
Pressures for new or improves products or
services
17-5 Project Management
Project Management
Project Management
Project Management
Gantt charts
Risk management
17-8 Project Management
Key Decisions
Project Manager
Responsible for:
Work Quality
Human Resources Time
Communications Costs
17-10 Project Management
Ethical Issues
Definition
Management
Planning
Concept
Execution
Termination/
Delivery
17-12 Project Management
Project
Project X
X
Level 1
Level 2
Level 3
Level 4
17-13 Project Management
Gantt Chart MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Locate new
facilities
Interview staff
Move in/startup
17-14 Project Management
GANTT
17-17 Project Management
Path
Sequence of activities that leads from the starting
node to the finishing node
Critical path
The longest path; determines expected project
duration
Critical activities
Activities on the critical path
Slack
Allowable slippage for path; the difference the
length of path and the length of critical path
17-19 Project Management
Order
AOA furniture 4
Furniture
Locate 2 setup
facilities
Remodel
1 5 6
Move
in
Interview
Hire and
train
3
17-20 Project Management
S 5 7
Hire and
Interview
train
3 4
17-21 Project Management
Example 1
Figure 17.5
6 weeks
Deterministic 4
time estimates rd er e
O i tu r
Fu r p
n 3 weeks
fu r
set
8 weeks 2
n i tu
u
Rem
ate s od e
re
c
L o i l i ti e 11 weeks
l Move
fac in
1 5 6
In 1 week
te ain
rv r
i dt
4 weeks ew an
re
Hi 9 weeks
3
17-22 Project Management
Project Crashing
Advantages of PERT
3
17-24 Project Management
Limitations of PERT
a fudge factor 2
142 weeks
3
17-25 Project Management
MS Project
Time Line
17-26 Project Management
Advantages of PM Software
Imposes a methodology
Provides logical planning structure
Enhances team communication
Flag constraint violations
Automatic report formats
Multiple levels of reports
Enables what-if scenarios
Generates various chart types
17-27 Project Management
Risk Management
Summary