Project Management Quantitative Methods of Management Jan Fbry

Project Management ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management Ø Project Activity 5 Activity 2 Activity 1 Activity 7 Activity 3 Activity 4 Activity 6 ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management NETWORK – graphical representation of the project Activity Node Activity 5 Activity 2 Activity 1 Activity 7 Activity 3 Activity 4 Activity 6 ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management NETWORK – graphical representation of the project Activity Arc 3 ACT 6 4 6 ACT 10 AC T 7 3 3 4 6 ACT 8 6 8 11 AC T 2 5 9 ACT 2 5 T AC 1 5 1 1 2 T AC T C A ACT 4 7 AC T 2 ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management Ø Event Activity A Design a car 1 Start point of A Activity B Make a prototype 3 2 Finish point of A Start point of B Finish point of B ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management Activity A Design a car 1 Activity B Make a prototype 2 3 Activity A immediately PRECEDES activity B Activity B immediately SUCCEEDS activity A ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management B pe y t i oty v i t Ac prot 3 a Activity A e k Design a car Ma 1 2 Com Acti put vity C er p 4 rese nta tion Activity A is the predecessor of Activity B and C ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management 5 Pr ot A ot ct yp iv e p ity re D se nt at ion B pe y t i oty v i t Ac prot 3 a Activity A e k Design a car Ma Dummy activity 1 2 Activity E Prototype test Com Activi ty C pute 4 r pr esen tatio n Activity E (Prototype test) follows Activity B Activity D (Prototype presentation) follows Activity B and C ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management Activity Requirements - time - money (cost) - material - machines - people ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management Phases of Project Management Ø Planning Network Ø Scheduling Start and finish times for each activity Finish time of project Ø Controlling Periodic progress reports ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management Methods Deterministic time Critical Path Method (CPM) Probabilistic time Program Evaluation Review Technique (PERT) ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management CPM ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management CPM Ø Finish time of the project Ø Start and finish times of each activity Ø A critical path consisting of critical activities Ø Non-critical activities and their possible delay ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management CPM Example - Music DM, Inc. Ø Christmas compilation of Czech carols Ø 11 activities: 1) Songs Selection 2) Mastering 3) Promotion Material Elaborating ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management CPM Example - Music DM, Inc. Ø 11 activities: 4) Customers Analysis 5) Promotion Material Production 6) Make CD Copies 7) Customers Selection ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management CPM Example - Music DM, Inc. Ø 11 activities: 8) Data to Printing House 9) Promotion Material to Printing House 10) Laser Print 11) Mailing ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management CPM Example - Music DM, Inc. Activity Description Duration Predecessors A Songs Selection 15 None B Mastering 8 A C Promotion Material Elaborating 6 A D Customers Analysis 7 A E Promotion Material Production 4 C, D F Promotion Material to PH 5 E G Customers Selection 3 D ______________________________________ Quantitative Methods of Management Jan Fábry

Project Management CPM Example - Music DM, Inc. Activity Description Duration Predecessors H Make CD Copies 12 B, D I Data to PH 3 G J Laser Print 9 F, I K Mailing 8 H, J Ø All the envelopes have to be delivered until December 12 Ø Objective: set the starting date of the project ______________________________________ Quantitative Methods of Management Jan Fábry