Project Management As The Management Of The Work - 1404 Words

According to Russell and Taylor (2014), the project management as the management of the work, including work break down structure, to develop and implement a new idea, innovation or a change in an existing process of the organization. Project management is accomplished by planning the project, controlling the project activities subject to the resource and budget constraints, identified and mitigates the risk to keep the project on schedule. PERT/CPM techniques PERT/CPM are two popular tools which are derivatives of the Gantt chart and as a result are very similar. The Program Evaluation and Review Technique (PERT) which considers probabilistic estimates for task durations, provides a graphics and visual representation of the interrelationship and sequence of individual project activities to determine the expected project duration (SNHU, 2015). The Critical Path Method (CPM) is a one of the other tools to identify the paths through the project activities and uses one time estimate when the duration of the task is solid, whereas PERT uses three time estimates. Over a time CPM and PERT tools have been merged and referred as CPM/PERT. The CPM/PERT uses a network to depict the precedence relationships between activities which is advantage over Gantt chart. The CPM/PERT network are a more efficient as well as direct means of displaying precedence relationships and in a network which is visually easier to see the precedence relationships. Due to this reason CPM/PERT isShow MoreRelatedCase Study : Course Work Of Project Management1573 Words   |  7 Pages Title: Course work of Project Management Author: Monalisa Soni Date: 24/02/2015 Distribution: Mr Richard Johnson MSc Management of Business Information Technology Abstract This report describes the reorganizing and rebranding the business of the Harrison books as Harrison Collectable Ltd. (HCL). This report consists the plan of business followed by risks; cover the risk, efficiency improvement in the business. The owners of the business are Sebastian andRead MoreThe Time Management Project Is Concerned About Integrating All Works Essay1178 Words   |  5 PagesINTRODUCTION The time management project is majorly concerned about integrating all works that are related to the organization goals. In this system, all incoming work will first be organized, then planned and finally aligned with the busy operating hours of ABC restaurant. The result will be avoiding unnecessary spending, and the money that could have been spent unnecessarily will be used to expand the organization. In addition to that, the system will see that no employee is idle at any given timeRead MoreCIPP Diploma in Payroll Management-Work Based Project Proposal1414 Words   |  6 Pages IPP Diploma in Payroll: Work Based Project: Proposal Working Title Flexible Benefit Choices: A review of new and existing choices within the Company. Access The key based mentor for this project is HR Manager of the Company. The researcher works within close proximity of the mentor as Payroll Administrator. There is a good working relationship and full support has been expressed by the mentor. 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