Project Management: Precautions, Evaluation, Risk Reduction, Gantt Chart, and Comparison with Network Diagram

PROJECT
MANAGEMENT

Contents
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
Understanding 4 generic precautions that a Project leader may take to ensure that there is no delay on
any of a project’s activities......................................................................................................................3
Evaluate two different possible actions that the Project Manager could take to avoid exceeding the
current length of the critical path.............................................................................................................4
Discuss the three measures by which a project is evaluated and at least 2 factors that impact/weigh in
on project success....................................................................................................................................5
Assigning an RPN to potential risks that may occur during a project helps towards reducing the impact
of such risks on the project......................................................................................................................6
Using the Network Diagram information provided, create a Gantt Chart against which project progress
may be monitored....................................................................................................................................7
Identify and discuss two useful pieces of information that a Gantt chart may be used to reveal which a
Network Diagram does not......................................................................................................................8
CONCLUSION...........................................................................................................................................9
REFERENCES............................................................................................................................................9

INTRODUCTION
Each project is generally transitional throughout the case that they would have an asserted begin
and end period, and also a specific approach for necessary funds, as well as that they would be
attributable to the fact it is not a regular practice, but rather a different combination of functions
designed to accomplish a particular point. As an outcome, development groups that would
normally not interact - whether it be from different organizations or across many geographies -
typically demonstrate obvious differences. Any invention of instruments to improve a business
operation, the repair of structures or roads, the peacekeeping force in the aftermath of
environmental disasters, and the expansion of commodities into a new sector of the market are
all examples of projects. Project management is the process of gaining concepts, skills,
methodologies, and processes to production necessary to meet the objective of the project. These
have all been done for a long time, but it only becomes useful in management in the mid-
twentieth century.
MAIN BODY
Understanding 4 generic precautions that a Project leader may take to ensure that there is
no delay on any of a project’s activities
Establishing clear objectives is perhaps the most important aspect in deciding whether or not
you'll finish your job on time. It is natural to establish lofty expectations to make a good first
impact but also because the requires consideration. Understand that underpromising and over-
delivering is preferable to failed promises and unfulfilled promises. Effective objectives are
attainable, quantifiable, and practical.
Assemble a team for the rest of the work to convey the project's objective. Ascertain that
everybody is aware of their responsibilities as well as the overall objectives of the project.
Describe the performance goals and emphasize the critical events you've specified in the
planning phase. Know how to better build performance objectives. Take considerable time
talking about the project's objectives and, if required, whether they'll be evaluated.
It is hard to overestimate the significance of assembling the resources needed. Whenever it
relating to economic sources, you've probably definitely being allocated a restricted budget;