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 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 analysis technique. Read More

Critical Path Method (CPM) Project Schedule Analysis

Critical path of a logically structured project schedule network diagram specifies sequencet of activities that need utmost attention of the project manager and the project team. If any activity on the critical path is delayed it will delay the project completion date. Critical path signifies that all activities on the critical path must start and finish as per the schedule dates and no slippages are acceptable. 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? – Impact on Project Profitability?

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

Fundamentals of Project Planning and Scheduling

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

The Project Schedule Development Process

Project schedule development process is an iterative process and continues through out the project as work progresses. Project schedule is updated as the duration, resource estimates change on account of changes to project scope and budget. Anticipated risks may occur or disappear and this may also result is updating the project schedule. Before we start… Read More