Project Management

Definitions:
Project - is the discipline of initiating, planning,
Management executing and controlling the work to achieve
specific goals and meet specific success criteria
- the primary challenge of project
management is to achieve all of the project
goals within the given constraints
 Definitions:
Critical Path - is a step-by-step project
Method (CPM) management technique for process planning that
defines critical and non-critical tasks with the
goal of preventing time-frame problems
Program - it presents a graphic illustration of a project as a
Evaluation and network diagram consisting of
Review
Technique numbered nodes (either circles or rectangles)
(PERT) representing events, or milestones in the project
linked by labelled vectors (directional lines)
representing tasks in the project
Example:
The Steffi Company is considering building a new athletic complex on campus. The
complex would provide a new gymnasium for inter-school sports activities, expanded
office space, classrooms and intramural facilities. The following activities would have
to be undertaken before construction starts.
Activity Description Immediate Predecessor
Time a) Draw a project
(weeks) network.
A Survey building site - 6 b) Identify the critical
B Develop initial design - 8
path.
c) Develop the activity
C Obtain board approval A, B 10 schedule for the
D Select architect C 5 project.
E Establish budget C 6 d) Determine the
expected
F Finalize design D, E 14
completion time of
G Obtain financing E 13 the project.
H Hire contractor F, G 7
 Definitions:
Immediate - are activities that must be completed prior
Predecessor to the start of the activity in question
Float or Slacks - is the amount of time that a task in
a project management can be delayed
without causing a delay to:
(a) subsequent tasks ("free float")
(b) project completion date ("total float").
Solution: Activity

A
Description

Survey building site

Immediate Predecessor

-
Time (weeks)

6
B Develop initial design - 8
C Obtain board approval A, B 10
D Select architect C 5
E Establish budget C 6
F Finalize design D, E 14
G Obtain financing E 13
H Hire contractor F, G 7

A D Finish
Start C F
B E H
G
 Determine the completion
time per activity

A
Finish
D
6 5
C F
Start 10 14
B E H
8 6 7
G
13
 Legend:
Earliest Start Earliest Finish

Activity A ES EF
6 LS LF

Activity Time
Latest Start Latest Finish
 Determine the earliest start time and
earliest finish time of the initial activity

0 6
Finish
A D 18 23
6 2 8 5 19 24
C 8 18 F 24 38
Start 10 8 18 14 24 38
B 0 8 E 18 24 H 38 45
0 8 7 38 45
8 6 18 24 G 24 37
13 25 38
 Compute for the slack
of all activities
Slack
Activity LS ES LF EF Time
Critical Path
Slack = LF - EF
A 2 0 8 6 2 No
B 0 0 8 8 0 Yes Slack = LS - ES
C 8 8 18 18 0 Yes
D 19 18 24 23 1 No Critical Path
E 18 18 24 24 0 Yes B→C → E → F → H
F 24 24 38 38 0 Yes
G 25 24 38 37 1 No
H 38 38 45 45 0 Yes
Interpret:

Therefore, the critical path is B→C → E → F → H with 45 weeks to finish the project.
It means that B, C, E, F and H are the critical activities and should be done according
to schedule or else it will cause a delay in project.
On the other hand, activity A can be extended for another 2 weeks, activity D for 1
week and activity G for 1 week because they have slack time of 2, 1, and 1
respectively.
 A promoter of championship boxing match must perform the task show
Seatwork in the table before the boxing match can held (all durations are in days)
a) Construct the project network.
#5: b) Determine the critical path.
c) Find the completion time of the project.
Activity Description Immediate Predecessor Duration
A Find site - 5
B Find engineers A 6
C Hire announcer and referee A 2
D Look for sponsorship A 15
E Set marketing ads. D 20
F Set-up ticket agents B, C, D 3
G Print advertising E, F 2
H Set-up transportation F 1
I Last minute details H 1