Presentation is loading. Please wait.

Presentation is loading. Please wait.

SYS 798/OR 680 INVESTMENT STRATEGY Schedule Using Program Evaluation and Review Technique PERT 1.

Similar presentations


Presentation on theme: "SYS 798/OR 680 INVESTMENT STRATEGY Schedule Using Program Evaluation and Review Technique PERT 1."— Presentation transcript:

1 SYS 798/OR 680 INVESTMENT STRATEGY Schedule Using Program Evaluation and Review Technique PERT 1

2 PERT : General Review Advantages – Helps determine where greatest effort should be made to keep project on schedule Ability to evaluate effects of change on program Allows large amounts of data to be represented in a well organized diagram Disadvantages – Complexity Expensive to maintain and utilize 2

3 PERT Terminology Event: Equivalent to a milestone indicating when an activity starts or finishes. Activity: The element of work that must be completed Critical Path: Longest path through the network and determines the duration of the project. Slack Time: Difference between the latest allowable date and earliest expected date. 3

4 PERT Questions Questions that need to be answered before converting projects into PERT charts: What job immediately precedes this job? What job immediately follows this job? What jobs can be run concurrently? 4

5 Total Pert/CPM Planning- 6 Steps 3 List Activities Arrange Activities Identify Activities Times Identify Critical Path Add Dates Review Activities

6 Total PERT Step 1 – List Activities Step 1 – List Activities from Events Project Team Organization Project Proposal Project Approval Development Activities Schedule Requirements Elicitation Researches and Documentation Modeling Data Gathering Programming and Coding Simulations Results Analysis Report Preparation Presentation Preparation Alternatives Solutions Presentation Rehearsal Polish Report and Presentation Final Presentation 4 Investment Strategy Milestones Team Formed Project Proposal Approved Activities Schedules determined Requirements Release Data and Documentation Gathered Design Completed Program and Coding Simulations Analysis Final Report Final Presentation List Activities Arrange Activities Identify Activities Times Identify Critical Path Add Dates Review Activities

7 Total PERT Step 2 - Arrange Activities 5 ActivityDependencies 1. Project Team Organization 2. Project Proposal & ApprovalProject Team Organization 3. Development Activities ScheduleProject Approval 4. Requirements ElicitationProject Approval 5. Research and DocumentationProject Approval. 6. Data Gathering 7. Modeling Activities Schedule/Requirement/ Research and Devel List Activities Arrange Activities Identify Activities Times Identify Critical Path Add Dates Review Activities

8 Total PERT Step 2 -Arrange Activities (Cont’d) 6 ActivityDependencies 8. Programming/CodingModeling 9. SimulationsProgramming/Coding/Data Gathering 10. Results AnalysisSimulations 11. Alternative SolutionsResult Analysis 12. Report PreparationSimulations 13. Presentation PreparationSimulations 14. Presentation RehearsalAlternative Solutions/Presentation Prep. 15. Polish Report & PresentationPresentation Rehearsal/ Report Prep. 16. Final PresentationPolish Report & Presentation List Activities Arrange Activities Identify Activities Times Identify Critical Path Add Dates Review Activities

9 Total PERT Step 2: Arrange Activities (cont’d) Legend Event Activity List Activities Arrange Activities Identify Activities Times Identify Critical Path Add Dates Review Activities

10 Total PERT Step 3: Activities Review Have all activities been identified? Should any be removed? Should any be added? Are the interrelationships correct? 8 List Activities Arrange Activities Identify Activities Times Identify Critical Path Add Dates Review Activities

11 Total PERT Step 4 – Identify Activities Time 9 Activity Dependencies Time (days) 1. Project Team Organization 1 2. Project Proposal & Approval Project Team Organization Development Activities ScheduleProject Approval 7 4. Requirements ElicitationProject Approval 7 5. Research and DocumentationProject Approval Data Gathering 7. Modeling Activities Schedule/Requts/ R&Doc. 5 Activities Schedule/Requts/ R&Doc. 4 List Activities Arrange Activities Identify Activities Times Identify Critical Path Add Dates Review Activities

12 Total PERT Step 4: Identify Activities Time (Cont’d) 10 ActivityDependencies Time (Days) 8. Programming/CodingModeling SimulationsProgramming/Coding/Data Gathering Results AnalysisSimulations Alternative SolutionsResult Analysis Report PreparationSimulations Presentation PreparationSimulations Presentation RehearsalAlternative Solutions/Presentation Prep Polish Report & PresentationPresentation Rehearsal/ Report Prep Final PresentationPolish Report & Presentation. 1 List Activities Arrange Activities Identify Activities Times Identify Critical Path Add Dates Review Activities

13 Total PERT Step 4: Identify Activities Time (cont’d) 11 List Activities Arrange Activities Identify Activities Times Identify Critical Path Add Dates Review Activities Legend Event Activity 10 Time

14 Total PERT Step 5: Critical Path 12 List Activities Arrange Activities Identify Activities Times Identify Critical Path Add Dates Review Activities Legend Event Activity 10 Time (days) 2

15 Total PERT Step 6: Add Dates 15 List Activities Arrange Activities Identify Activities Times Identify Critical Path Add Dates Review Activities Legend Event Activity 10 Time (days) 2 August 31, 2009 December 18, 2009


Download ppt "SYS 798/OR 680 INVESTMENT STRATEGY Schedule Using Program Evaluation and Review Technique PERT 1."

Similar presentations


Ads by Google