Program Evaluation and Review Technique (Pert)

Critical path analysis identifies the most efficient and cost effective way of completing a complex project. The various activities which together will make up the project are identified, and the order of these activities are identified. Then, the duration of each activity is estimated and these factors are then arranged as a network or graph, showing the whole project from start to finish, and showing which tasks can happen at the same time. The sequence of tasks which have to be done one after another with no gaps in between is called the Critical Path.

Remember the old saying, "A project plan is not a schedule until resources are committed." This exercise illustrates this subtle, but very important, difference.

Analyzing the critical path, there is a high level risk as it runs parallel to itself, more than one task at a particular time could delay project. Some other tasks run parallel to the critical path and have same duration; a delay in one of these tasks will change the critical path and delay the whole project.

592 Week 1 DQ 1 WBS Construction PROJ 592 Week 1 DQ 2 Project Cost Estimates and Assumptions PROJ 592 Week 2 DQ 1 Cost Components PROJ 592 Week 2 DQ 2 Estimating Processes PROJ 592 Week 3 DQ 1 Project Schedules PROJ 592 Week 3 DQ 2 Sensitivity Analysis PROJ 592 Week 4 DQ 1 Resource Allocation and Leveling PROJ 592 Week 4 DQ 2 Advanced Schedule Techniques PROJ 592 Week 5 DQ 1 Earned Value Calculation PROJ 592 Week 5 DQ 2 Project Monitoring and Control & EV PROJ 592 Week 6 DQ 1 Forecasting Project Completion Cost PROJ 592 Week 6 DQ 2 Project Control PROJ 592

Describe common practices to estimate the duration of project activities as well as real reasons that cause project delays.

The second question Identify specific examples of how program planning and evaluation interrelate in your chosen scenario in Appendix B. in my opinion program planning and

There are tools that are used by project managers, one of which was developed by the United States Navy. Satterlee (2013), tell us about “a common tool used in project management is Program (or Project) Evaluation and Review Technique (PERT). First developed by the United States Navy in the 1950s, it is used to represent and analyze tasks involved in a project” (p.234). Tools like this are essential to aid the project manager during the planning phase, when considering if the project can be completed under budget without jeopardizing the quality of work.

Why it is important to conduct a comparative analysis of Event, Chain with other traditional methodologies and investigate how it contributes in being Successful scheduling techniques in Project Management discipline?

There are many types of project management tools. From proprietary licensed tools such as Smartsheet for Salesforce, Oracle Project Planning and Control and Microsoft Project and Portfolio Management; to theoretical project management tools such as Program Evaluation and Review Technique (PERT), Gantt charts and Critical Path Method (CPM). All of these tools aim to streamline the planning,

In almost every business, project management is critically important. The critical path method (CPM) will provide a timeline for the project manager for when tasks should be completed. In addition, providing a deadline and the negative effects it will have on the following successors if not completed on time. These many task are interdepended. Therefore, the CPM provides the start and finishes times of the tasks, and identifies the few tasks on the critical path that the project manager should observe to determine which task needs the most attention. Already discovering and incorporating the details the task or assignments may require, CPM calculates all task times, which can be measured in hours, days, weeks, and months. For any unintended manually input errors, a warning message will be provided. Including an automatic successor generator, task numbering comment, and data validation, makes it easier on the project manager.

The program that this student has designed and will test will not be in a “corporate” type building, it will be conducted within a classroom inside of a public school. This program will be centered on the idea in which both teachers and school administrators come together in helping to truly create a better future through their students, our future. In this classroom volunteers, teachers and therapists will meet to discuss the performance of children in that school. These volunteers would also help collect food and distribute this food to the children in need and their families. This classroom would be the base for educating both teachers and school administrators about healthy boundary crossings, such as when is it appropriate

Analyzing crash times and costs we see that if each activity were crashed the project could be finished in 42 weeks, however, the budget would skyrocket to $4.952 million. Therefore, the team will need to analyze the project network and its critical path to determine which individual activities can be crashed while maintaining the integrity of the budget and the duration of the project.

In field of project management, there are a plethora of mechanisms under perpetual reevaluation. One specific segmentation of project management under such scrutiny pertains to cost duration, which is the time and monetary costs of completing individual tasks within the project’s critical path (IBM Knowledge Center, 2016). The process of monitoring and evaluating the time and financial impacts of each task is referred to as cost duration analysis (IBM Knowledge Center, 2016). A chief concern of cost duration analysis is identifying tasks within the project’s critical path which can reduce project duration (PMI, 2013). A common approach to reducing a project’s duration is task “crashing” (PMI, p.181). According to The Project Management Institute (2013) crashing refers to the process of methodical determining the financial value of increasing a critical path task’s resources in order to decrease project duration (p.181).

Having 3 days of delay in electrical can affect the whole project. Therefore, the negotiation of 15 working days would exceed up to 18 days, which could cause the penalty of $300 ($100 per extra day). In order to minimise a project’s critical path, sequencing of tasks should be changed. On the off chance that one can do a project’s tasks in alternate grouping to that initially proposed, one might have the capacity to shorten the critical path. A level of intricacy by striving for shortening the critical path, which is primarily hazardous, is unavoidably acquainted with the task. (Aydar, 2014) With a specific end goal to convey this shorter timescale, the critical path should be controlled

The PERT method requires three estimates of time; optimistic, most likely and pessimistic. This method assumes that actual project times are distributed according to the beta probability distribution. Most time estimates often exceed the best estimate or the most likely estimate because managers like to be optimistic with their time estimates.