Managing Projects Essay Example | Topics and Well Written Essays - 5000 words

Managing Projects - Essay Example Subsequent valid workday using the Predecessor's and successor's calendar The Earliest Time by which the Project should be Completed is the Ending Node TE (P) = 39 days As the Project will Start on 01 Dec. 2007 and there are 2 days weekly holidays, the Early Competition Date would be 25 January 2008. [Calculation shown in Appendix-1] Float Take another look at Network diagram has several pieces of information filled in for each node. The task forename and length are self-explanatory6. The most important task of developing the project schedule is to relate each of the responsibilities and combine duration, resource requirements, and reliance. We have to make several overtake all the way through the network diagram to calculate the values necessary to create a project scheduling. Early Finish EF = Early Start + Duration - 1 Early Start ES = EF + 1 (subsequent valid workday using the Predecessor's calendar) Late Start LS = LF - Duration + 1 (subsequent valid workday using the successor's calendar) Late Finish LF = LS - 1 Float = Late Start - Early Start Float = Late Finish - Early Finish7 In project management float is the amount of time that a terminal element in a project network can be delayed by, without causing a delay to: Subsequent terminal elements (free float) Project completion date (total float). For an example, consider the process of replacing a broken pane of glass in the window of someone's home. There are various component activities involved in the project as a whole; obtaining the glass and putty, installing the new glass, choosing the paint, obtaining a tin of paint, painting the new putty once it has set, wiping the new glass free of finger smears etc. The owner cannot buy the new paint until you...Manipulating and analysing data help the managers to manage the projects and funds. Take another look at Network diagram has several pieces of information filled in for each node. The task forename and length are self-explanatory6. The most important task of developing the project schedule is to relate each of the responsibilities and combine duration, resource requirements, and reliance. We have to make several overtake all the way through the network diagram to calculate the values necessary to create a project scheduling. For an example, consider the process of replacing a broken pane of glass in the window of someone's home. There are various component activities involved in the project as a whole; obtaining the glass and putty, installing the new glass, choosing the paint, obtaining a tin of paint, painting the new putty once it has set, wiping the new glass free of finger smears etc. The owner cannot buy the new paint until you have chosen it, he/she cannot paint the new putty until the window is installed and the new putty has set. Delaying the acquisition of the glass is likely to delay the entire project - this activity will be on the critical path and have no float, of any sort, attached to it and hence it is a 'critical activity'8. Julien, D.