Project Management Case Study/Essay: Network Diagram, Precautions, Critical Path, Project Evaluation, RPN, Gantt Chart

Project Management

Contents
TASK 1..........................................................................................................................................................3
Construct a network diagram..................................................................................................................3
TASK 2..........................................................................................................................................................3
4 Generic precautions apply by project leader to ensure project activities.............................................3
TASK 3..........................................................................................................................................................5
Different possible actions taken by project manager to avoid current length of the critical path...........5
TASK 4..........................................................................................................................................................6
Discuss the three measures by which a project is evaluated and at least 2 factors that impact/weigh-in
on project success...................................................................................................................................6
TASK 5..........................................................................................................................................................7
Use of assigning an RPN to potential risks that may occur during a project helps towards reducing the
impact of such risks on the project..........................................................................................................7
TASK 6........................................................................................................................................................10
Create a Gantt Chart against which project progress may be monitored..............................................10
TASK 7........................................................................................................................................................11
Identify and discuss two useful pieces of information that a Gantt chart may be used to reveal which a
Network Diagram does not....................................................................................................................11
REFERENCES..............................................................................................................................................12
TASK 1
Construct a network diagram

TASK 2
4 Generic precautions apply by project leader to ensure project activities
One of the most typical issues in project management is unanticipated delays. According to
one research, just around half of businesses completed time and within budget.
Set realistic goals for projects: Setting realistic goals is likely to be the most important aspect
that affects whether or not they will finish the job on time. It's attractive to set lofty expectations
in order to create a good first appearance or if the customer deserves it. Important goals are
attainable, quantifiable, and practical.
 Realistic: Can we achieve this goal in the effort and cost we have usable?

 Clear: Do we know precisely what is being requested of us? Is everyone in agreement?
 Measurable: Are there really any concrete indications that we may use to evaluate each
goal?
Hold a team meeting: Gather the team at the commencement of the process to explain the
project's vision. Ascertain that everyone is aware of their responsibilities and also the overall aim
of the organization. Identify the important objectives they've specified in the development plan,
as well as the specific goals (Rahim and Duncan, 2021).
Forecast: Forecasting in project planning entails making note of the program's present condition
at such a given time and projecting from the facts presented to predict project outcomes. There
just isn't enough evidence at the commencement of the process to anticipate with any precision,
projecting should be conducted because once project is at least 25% finished. Forecasting
considers project costs and can be expressed in the form of time, cost, efficiency, or a mix of
these variables. Businesses could often make a real effort to furthermore well before project fails
if the prediction suggests your off track.
Schedule carefully: A planning process is far more than a list of deadlines. It's a detailed method
of checking out the developer's timeframe as well as the organizational resources needed to
fulfill each activity. Split it up into separate processes and projects, different periods of the
project, discover interconnections, order the operations, and calculate the financial equipment
and length of each work to build a project timeline. Every project leader should have access to
the calendar.
Gather right sources: It's hard to overestimate the significance of assembling the required
funds. When it regarding financial capabilities, they've probably definitely been given a smaller
resource; determine whether the actual expenditure can genuinely cover the project expenditures,
then make revisions or get debt capital right away. The individuals who are leading the project
are the most valuable resources. Examine the team's makeup to check whether they have
adequate individuals to finish the project because if people all have the proper project
management abilities.