Schedule Network Analysis Methods

Project schedule network analysis is an analytical technique to identify critical path and list of critical project activities. It further specifies the degree of schedule flexibility in a given network logic. The output of schedule network analysis is a schedule model. This project schedule model serves as a basis for further project execution, analysis, and reporting. Critical Path Method (CPM) is the most common schedule network analysis technique. Other techniques include PERT, CCM, What-if analysis and resource optimization. Read More

Sequence Activities Tools & Techniques

While developing the project schedule it is imperative that all project activities that relate to project success are clearly identified. These identified activities are then analysed for relationships that exists among them so that a well-structured and a logically correct network of project activities can be established. A logically correct schedule network can help the project team in concentrating on sequence of activities essential for project success. Read More

Critical Path Analysis Solved Example

Critical path analysis is the process of identifying the longest path in a schedule network diagram. It not only indicates completeness of project schedule but also helps to ascertain degree of schedule flexibility. Moreover, critical path analysis also reveals the minimum duration required to complete a project. Most of the scheduling programs use PDM technique to construct the schedule network diagram. Hence Critical Path Method (CPM) is the most popular project schedule analysis technique. Read More

Critical Path Method Network Analysis

Critical path method network analysis ensures that there are no schedule slippages and cost overruns. The critical path method specifies the extent of schedule flexibility permissible in a given logical relationship. CPM analysis further allows the project team to work out various scenarios of schedule delays. Critical path method also helps to establish a probabilistic estimates of project completion targets. Further, critical path method in project management also facilitates accurate assessment of schedule risk. Read More

MS Project Summary Task Is Not WBS

Summary task as the name signifies are project activities used for structuring the project schedule. Summary tasks are not assigned any predecessor and successor and are also not assigned any duration or resources. MS Project automatically calculates the duration, start, finish dates and the cost associated with the summary task based on the information of the associated sub task. In order to create a summary task in MSP, all you need to do is to indent a task just below it. Read More

Wrong Cost Estimates Implications & Solutions

During project execution most of us have dealt with the issue of wrong cost estimates. This issue becomes a serious concern especially when you are working on a fixed price contract, these contracts pose a great risk to project margin as the team has to work with zero escalation of costs until the delivery of the project. While developing the budget for a new project it is an accepted practice to refer to costs incurred in a previous similar project. Read More

Project Planning and Scheduling Fundamentals

Fundamentals of project planning and scheduling is a post highlighting the basic points that needs to be considered while developing a project schedule. Background One of my smooth progressing engineering project was suddenly jolted by numerous emails and phone calls from the project sponsor asking the management to expedite activities at site.┬áThe project was going… Read More