FARE 3310 Lecture Notes - Lecture 3: Work Breakdown Structure, Gantt Chart, Bar Chart

• School: University of Guelph
• Department: Food, Agricultural and Resource Economics
• Course: FARE 3310
• Professor: Getu Hailu

Document Summary

Project- interrelated set of activities with a definite starting and ending point. Unique, one-time operations in a limited time frame. Managing a project: planning- goal setting, scheduling- people, money, supplies, controlling- monitors resources, costs quality etc. Project major tasks subtasks activities. Hierarchical description of a project into more detailed components. Shows relationships between each activity to others and to whole project. Determines critical activities, activity times and costs. Project schedule that superimposes activities with precedence relationships and estimate duration times on a time line. Horizontal bar chart that depicts activities over time. Critical path method (cpm)- network planning method initially developed as a means of scheduling maintenance shutdowns at a chemical processing plant. Program evaluation & review technique (pert)- a network planning method created for the us navy. Creates a network diagram, in which nodes represent activities and arrows represent relationships amongst activities. Sequence of activities between a project"s start and finish time that take the longest.