GMS 401 Lecture Notes - Lecture 12: Longest Path Problem, Critical Path Method, Event Management

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 401
• Professor: Wally Whistance- Smith

Document Summary

Ex. writing a report, planning a wedding, plant a garden, industrial projects, business projects. Characteristics: can be simple, or complex, made out of: Multiple activities which are performed to plan. May be defined as a means of moving from a problem to a solution via a series of planned events. 2 features: all projects must be planned out in advance if they are to be successfully executed: execution of project must be controlled to ensure that the desired results are achieved. Projects cannot begin until a previous activity has been completed. Relationships: dependencies or precedencies and when planning a project it is important to establish the order of precedence of dependent activities. Unique a one-time set of events: 3. Finite with a begin and end date: 4. Involve many people usually across several functional areas: 6.