Week 5 Assignment (Project Management) - 978 Words

Introduction to Project Management (Week 5: Assignment) Introduction The project manager of a construction company has developed the following network diagram for her building construction project. After receiving the plans, the manager must coordinate a number of tasks. Key areas she want to focus on, is time and risk. â€Å"Planning is responsible for project Time Management. The Plan process selects a scheduling methodology, tool, sets the format and establishes criteria for developing and controlling the schedule of a project. Rules and approaches for scheduling process are defined by the scheduling methodology†. PMI (2008) She uses the three-point technique â€Å"An analytical technique that uses three estimates to represent three†¦show more content†¦Risk analysis Once the project network analysis has been done it is then very important to review resources and budget availability, especially for the tasks in the critical path. Look at the project constraints, the technical constrain, may need special attention. Assign better resources on the critical path work and identify controls of these tasks. Lag for task B is near-critical activity â€Å"schedule task which has low total slack† PMI (2008), if this task delays by two weeks, the criticality will change to critical path with zero lag, hence a special focus and good control is must. Task C can save the project if completed below the estimated duration it will give an extra slack time to other tasks within critical path task C optimistic duration is 8 weeks. Task A is similar situation as task C, hence it’s wise to focus on these tasks. Reference: Project Management Institute (2008), A Guide to project management body of knowledge (PMBOK Guide)-4th End., Newtown Square, Pennsylvania 19073-3299 USA Wysocki, RK (2012), Effective Project Management [Electronic Book] Traditional, Agile, Extreme. Robert K. 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