FARE 3310 Lecture Notes - Lecture 2: Project Management Institute, Critical Path Method, Work Breakdown Structure
Document Summary
Project planning project planning involves (cid:2) establishing objectives (cid:2) de ning project (cid:2) creating work breakdown structure (cid:2) determining resources (cid:2) forming organization. Project scheduling involves: (cid:2) identifying precedence relationships (cid:2) sequencing activities (cid:2) determining activity times and costs (cid:2) estimating material and worker requirements (cid:2) determining critical activities. Pert and cpm (cid:2) both pert and cpm consider precedence relationships and interdependencies (cid:2) pert and cpm di er in that each uses a di erent estimate of activity times. Pert uses three time estimates, but cpm uses. Network diagram is a diagram that depicts the relationships between activities, which consists of nodes (circles) and arcs(arrows). A comparison of aon and aoa network conventions. The following represents activities in a major construction project. The following represents activities in a major new product development. Critical path (cid:2) a critical aspect of project management is estimating the time of completion.