pinto pm2 tif ch12

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

Resource constraint: If a resource is shared by many projects or activities, it would be used in order of priority, thus leading to delay of activity or project with lower priority.

Resources used will be primarily the project team members. To reduce risk all members need to be aware of the project schedule so that the right team members are available at the right times. Adequate computer resources, physical space and other support staff need to be ensured so that the project does not fall behind schedule.

The responsibility assignment matrix (RAM) is a matrix that maps the work of the project as described in the Work Breakdown Structure (WBS)

(b) Which activities should be crashed to meet a project deadline of 12 days at minimum cost?

2. Explain why it is important to have resources that are needed for operations consistently

17) A graph that plots the total resources needed per period vs. time is called a(n) ________.

a) In order to meet the increase in scope, the project manager will increase costs and/or schedule increase. The triple constraints should always be balanced.

Nowadays, Project scheduling plays lot of benefactor in executing any type of project in allotted time and cost. Project scheduling is a vital stage in project development phase due to technological advancement in information technology where lot of IT projects have led different way of

a) In order to meet the increase in scope, the project manager will increase costs and/or schedule increase. The triple constraints should always be balanced.

Activity: A distinct, scheduled portion of work performed during the course of a project. (This is also referred to as a Task).

1.2 Identify the tasks and resources required for the activity, including any operational constraints that apply

One of the main concerns during the meeting was the impact of cost and time constraints on networking techniques and project schedules. Under the ideal situation, the project start and end dates are fixed. Adding resources is not usually feasible as it increases cost. There should be a balance between time and cost constraints as it avoids wasting of resources. Also most people are willing to accept that costs could exceed expectations, and might even take a perverse delight in recounting past examples, the same is not true for time constraints. This is probably due to the fact that cost over runs are resolved in-house, while schedule issues are open and visible to the customer. A company has a lot of useful, desirable work that could be done, but has limited and finite resources available with which to do that work. Choices have to be made about which work to do and how to allocate resources. This leads to constraints especially, the time constraint and the cost constraint. Time, in project management, is analyzed down to its smallest detail. Each and every component of the project is analyzed with respect to the time required for completion. After completion of this analysis these components are broken down even further into the time required to do each task.

An activity is any portion of a project which consumes time or resources and has a definable beginning and ending. For example, "laying of pipe" is an activity requiring the use of resource mainly effort. Activity may involve labour, paper work, contractual negotiations, machinery operations, etc. Commonly used terms synonymous with "activity" are "task" and "job".

A key activity in project management is assessing project constraints. A project has three limitations: scope, budget and schedule. These limitations are project constraints because they are sensitive to change and have an impact on project risk. Risk is exposure to uncertain outcomes. Project constraints are mutually exclusive. If one constraint changes it affects the others and adjustments may be required to compensate and manage risks. For example, a delay in the schedule can increase the risk that the project will not finish on time. Time is money and delays have a negative impact on the budget. To