Program Evaluation And Review Technique

Program Evaluation and Review Technique (PERT) is a project schedule development and analysis technique that represents a sequence of activities and activity relationship in a graphical format. PERT uses Arrow Diagram Method (ADM) technique to construct the network diagram. Activity-on-Arrow is an example of ADM method. PERT uses three-point estimation technique to arrive at the estimated duration. Read More

Schedule Network Analysis Methods

Project schedule network analysis is an analytical technique to identify critical path in a schedule network diagram and generate critical 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 project execution, analysis, controlling and reporting. Read More

Sequence Activities Tools and Techniques

While developing the project schedule it is imperative that all 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 schedule network diagram can be established. Dependencies and logical relationships help to establish the relationships among various project activities. 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. Critical Path Method (CPM) is the most popular project schedule analysis technique. Read More

Critical Path Method Network Analysis

Critical path method in project management helps to identify a sequence of activities that requires close monitoring. This sequence of activities is known as critical path. It is the most important outcome of critical path method (cpm) network analysis process. Hence, critical path method network analysis technique ensures that there are no schedule slippages and cost overruns. Read More

Summary Task of MS Project Is Not WBS

Microsoft project allows users to group project activities into what is known as summary tasks. It is a useful tool that can be used to organize project activities. However, there are some do’s and don’ts associated with the use of summary tasks like duration and resources are not assigned to a summary task. Many people refer to MSP summary task as project work breakdown structure (WBS), which is incorrect. 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 must work with zero escalation of costs until the delivery of the project. Wrong cost estimates adversely affect project margin and surface only during later stages. Read More