Uncertain activity duration (P14)

Slides:



Advertisements
Similar presentations
Project Management CPM/PERT Professor Ahmadi.
Advertisements

Chapter 13 Project Scheduling: PERT/CPM
Chapter 9 Project Scheduling: PERT/CPM
1 1 Slide © 2008 Thomson South-Western. All Rights Reserved Slides by JOHN LOUCKS St. Edwards University.
Project Management - Part 2
PROJECT MANAGEMENT Outline What is project mean? Examples of projects…
1 1 Slide © 2001 South-Western College Publishing/Thomson Learning Anderson Sweeney Williams Anderson Sweeney Williams Slides Prepared by JOHN LOUCKS QUANTITATIVE.
1 Project Scheduling CP - Chapter 10 Lecture 3. 2 Project Management  How is it different?  Limited time frame  Narrow focus, specific objectives 
1 1 Slide © 2005 Thomson/South-Western Q 5 – 13 x 1 = the probability that Station A will take Sitcom Rerun x 2 = the probability that Station A will take.
1 1 Slide © 2004 Thomson/South-Western Chapter 12 Project Scheduling: PERT/CPM n Project Scheduling with Known Activity Times n Project Scheduling with.
1 1 Slide © 2000 South-Western College Publishing/ITP Slides Prepared by JOHN LOUCKS.
EMGT 501 HW #3 Due Day: Oct 3 Chapter 10 - SELF TEST 7
Network exercise (P2) Consider the PERT/CPM network shown below. D A 2
1 1 Slide © 2009 South-Western, a part of Cengage Learning Slides by John Loucks St. Edward’s University.
Example: Frank’s Fine Floats
1 1 Slide © 2005 Thomson/South-Western Chapter 10 Project Scheduling: PERT/CPM n Project Scheduling with Known Activity Times n Project Scheduling with.
2. Phase: 2. Phase: PLAN THE PROJECT What?  How?  Work Breakdown Structure  Estimation of resources  Definition of dependencies between project activities.
Projects are unique, one-time operations designed to accomplish a specific set of objectives in a limited timeframe Project managers are responsible for.
CHAPTER 4 MANAGING PROJECT PROCESSES. THE CONCEPT A project is an interrelated set of activities that has a definite starting and ending point and that.
1 1 Slide © 2008 Thomson South-Western. All Rights Reserved Slides by JOHN LOUCKS St. Edward’s University.
Chapter 10 Project Scheduling: PERT/CPM
1 Slide © 2005 Thomson/South-Western Chapter 10 Project Scheduling: PERT/CPM Project Scheduling with Known Activity Times Project Scheduling with Known.
McGraw-Hill/Irwin © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved. 1 Chapter 3 part 2 Project Management.
EMGT 501 HW # Due Day: Sep 27.
EMGT 501 HW #2 Answer. 020/3 X 3 05/601-1/62/3050/3 X 6 0-5/300-2/3-1/3180/3 (c).3/230with )3/80,0,0,3/50,3/20,0(*)*, ( solution Optimal   Z.
EMGT 501 HW #2 Solutions Chapter 6 - SELF TEST 21 Chapter 6 - SELF TEST 22.
Project Management Chapter 3 BUSI 2106 – Operations Management.
MANA 705 DL © Sistema Universitario Ana G. Méndez, All rights reserved. W6 6.2 Operation Management Operation Management Managing Projects Techniques.
8-1 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Project Management Chapter 8.
1 1 Project Scheduling PERT/CPM Networks. 2 2 Originated by H.L.Gantt in 1918 GANTT CHART Advantages - Gantt charts are quite commonly used. They provide.
1 1 © 2003 Thomson  /South-Western Slide Slides Prepared by JOHN S. LOUCKS St. Edward’s University.
1 1 Slide © 2005 Thomson/South-Western Chapter 10 Project Scheduling: PERT/CPM n Project Scheduling with Known Activity Times n Project Scheduling with.
PROJECT MANAGEMENT Outline What is project mean? Examples of projects… Project Planning and Control Project Life Cycle Gantt Chart PERT/CPM.
PERT/Activity Diagrams, Completion Probability and the Z Score
Project Crashing. c=6 e=9 b=6 a=7 f=8 g=5 d=4 Given the information below, what is the total additional cost to crash the project as much as possible?
Q1) A precedes C. B precedes D & E. C precedes F & G. D precedes G.
PERT/CPM F G A E H I J K D St T B C
8-1 Example: Frank’s Fine Floats Frank’s Fine Floats is in the business of building elaborate parade floats. Frank and his crew have a new float to build.
Scheduling Scheduling : is the process of converting a project action plan into an operating time table. Why scheduling ? To answer the following questions:
PERT/Activity Diagrams, Completion Probability and the Z Score
Network Diagram Prob 1 Activity Predecessor Duration (days) A None 2 B
Project Planning & Scheduling
Project Management (PERT/CPM) PREPARED BY CH. AVINASH
The Project Schedule and Budget
Hospital Establishment
Project Planning & Scheduling
Project Management and scheduling
Project Management
Project Management
Project Management
Project Management
Project Management
Project Management
Project Management
Project Management
Project Management
Project Management
Project Management
Project Management
Project Management McGraw Hill “Service Management” by Fitzsimmons.
ENM448-Project Planning and Management
תזמון פרויקטים.
General Foundry Example of PERT/CPM
Managing Service Projects
Slides Prepared by JOHN LOUCKS
Project Management CPM/PERT Professor Ahmadi.
Uncertain activity duration (P14)
Planning and Managing Projects
PERT/Activity Diagrams, Completion Probability and the Z Score
Managing Risk Chapter 7.
Presentation transcript:

Uncertain activity duration (P14) Consider the IS development project network given below: C 3 2 E A D G 1 5 6 F B 4 The systems analyst has made estimates of the optimistic, most probable, and pessimistic times (in days) for these activities as follows:

Uncertain duration estimates (P14) Activity Optimistic Most Probable Pessimistic A 5 6 7 B 5 12 13 C 6 8 10 D 4 10 10 E 5 6 13 F 7 7 10 G 4 7 10 a) Find the critical path. b) How much slack time, if any, is there for activity C? c) Determine the expected project completion time and the variance. d) Find the probability that the project will be completed in 30 days or less.

Analyst planning a training (P15) Activity Description Immediate Optimistic Most Pessimistic Predecessors Prob. A Plan topic - 1.5 2 2.5 B Arrange speakers A 2 2.5 6 C List locations - 1 2 3 D Select location C 1.5 2 2.5 E Speaker travel plan B,D 0.5 1 1.5 F Finalize speakers E 1 2 3 G Prepare brochure B,D 3 3.5 7 H Take reservations G 3 4 5 I Last-minute details F,H 1.5 2 2.5 a. Show the PERT/CPM network for this project. b. What are the critical path activities and expected project completion time? c. Prepare the activity schedule for this project. d. If the analyst wants a 0.99 probability of completing the project on time, how far ahead of the scheduled meeting date should she begin working on the project?

Critical and non-critical paths (p16) Q1- Why the probability of completing a project on time is based on the analysis of the critical path? Q2- In what case, if any, would it be desirable to make the probability computation for a non-critical path?