This article discusses PERT, Critical Path Method, and Crashing in Project Management. It explains the characteristics of PERT, how to calculate slack time, how to identify critical path, and the impact of crashing on project constraints. The article also includes a case study and references.
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Running head: PROJECT MANAGEMENT Project Management Name of Student- Name of University- Author’s Note-
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1PROJECT MANAGEMENT Answer to Question 1: PERT (Program Evaluation Review Technique) is basically a project management tool that is used for scheduling, organizing and coordinating the tasks in a project. The PERT methodology is developed by U.S. navy in 1950 for managing the Polaris missile program. PERT chart is a tool that is used for making plan tasks in a project (Hajdu & Bokor, 2016). The PERT chart help to make the schedule of the project easier and the team members can coordinate for accomplishing work. With the help of PERT, the project developer can create three various time estimates for a particular project. The first estimate that can be made is measuring the shortest amount of time that each task will need, the second is the most estimated amount of time and the third is the longest amount of time that the tasks will need if things are not planned (Bastos et al., 2017). PERT is a process that is calculated backward from fixed date because the deadline of the contractors cannot be changed. The characteristics of the PERT are as follows: PERT helps to manage new projects. PERT can solve models that are under uncertainty. Depends on time. PERT is event oriented. Answer to Question 2: Earliest start time- Earliest start time of an activity is the earliest time at which the activity starts.
2PROJECT MANAGEMENT Latest start time- Latest Start Time is latest time at which the activity actually begins and ensures to complete the project on time (Mazlum & Güneri, 2015). Earliest finish time- Earliest Finish time is earliest time that the activity is expected to end. Slack time- Slack time refers to the time delayed between the earliest start time and latest start time (Agyei, 2015). The slack time also includes time delay without changing the duration of the entire project. If an activity has more than one predecessor, for calculating the earliest finish time, the predecessor that has the least time activity is to be taken. So, Earliest Finish Time will the cumulative time for the least time predecessor and the own time of the activity to complete the work. The early start time of the D activity for Bart’s Ski Trip is 0.5, and The latest start time of the D activity for Bart’s Ski Trip is 4.0 So, slack time can be calculated as: Slack Time= Latest Start Time – Early Start Time = 4.0 – 0.5 = 3.5 hours. Answer to Question 3: Critical Path Method is mainly based on the algorithm of scheduling to set up project activities (Liberatore, 2016). There are many essential techniques for using the Critical Path Method for constructing a model in a project. CPM includes all the activity lists that are needed
3PROJECT MANAGEMENT to complete a project, it also shows all the dependencies in between the activities and the time estimation for each activity for completing the project. The critical path of the above example is Start- Activity 2- Activity 3- Activity 4- Finish Project managers need critical path analysis to identify all the activities that are necessary for completing the task that includes identifying all necessary time to complete all the activities and the relationships in between all activities. For calculating the critical path for Bart’s Ski Trip, the activities involved in the trip should have zero slack time. So, activities A, B, C, E, and F has zero slack time. The slack time for activity D is 3.5 hours. So, the critical path can be taken as A-B-C-E-F. Answer to Question 4: Crashing is known as an advanced technique of project management that adds the proper amount of project resources that are skilled to the Critical Path Task that are used commonly to for compressing the schedule of the project. Project triple constraint are those that includes project schedule, scope as well as project cost. Crashing impacts two of the project constraints
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4PROJECT MANAGEMENT including project schedule and project cost. When project stakeholders crash a particular project, the stakeholders are actually not concerned about the cost of the project (Wildavsky, 2018). Crashing mainly refers to some particular type of compression in project schedule that can be performed for purpose of lessening the total time period of the project. The project duration can be initiated only after proper analysis of all the project minimization. The above mentioned example shows an example of critical path of a project consisting of 12 activities. In above picture the red line denotes the critical path of the project that states that the project will be completed in 60 hours. But, if the activity G is crashed, then instead of 60 hours, it will take 30 hours. After crashing the activity G, the critical path that is represented is shown below:
5PROJECT MANAGEMENT References Agyei, W. (2015). Project planning and scheduling using PERT and CPM techniques with linear programming:casestudy.InternationalJournalofScientific&Technology Research,4(8), 222-227. Bastos, J., van der Sanden, B., Donk, O., Voeten, J., Stuijk, S., Schiffelers, R., & Corporaal, H. (2017, September). Identifying bottlenecks in manufacturing systems using stochastic criticality analysis. InSpecification and Design Languages (FDL), 2017 Forum on(pp. 1-8). IEEE. Hajdu, M., & Bokor, O. (2016). Sensitivity analysis in PERT networks: Does activity duration distribution matter?.Automation in Construction,65, 1-8. Liberatore, M. J. (2016). A Counterexample to the Forward Recursion in Fuzzy Critical Path Analysis Under Discrete Fuzzy Sets.arXiv preprint arXiv:1607.04583. Mazlum, M., & Güneri, A. F. (2015). CPM, PERT and project management with fuzzy logic techniqueandimplementationonabusiness.Procedia-SocialandBehavioral Sciences,210, 348-357. Wildavsky, A. (2018). Policy analysis is what information systems are not. InThe Art and Craft of Policy Analysis(pp. 7-23). Palgrave Macmillan, Cham.