ADM 2302 Lecture Notes - Lecture 20: Project Planning, E.G. Time, Work Breakdown Structure

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> a series of related tasks or activities directed toward a major well-de ned output. > may consist of thousands of speci c activities, each with its own set of requirements for resources. > these resources (e. g. time, money, labour, raw material, and equipment) are scarce and expensive. > what we provide in this course is a brief overview focused on how quantitative methods such as lp can help. > focus on e ective use of required resources while meeting project deadlines. Monitoring of schedules, resources and budget, and obtain feedback to revise the project plan. Under budget: are there adequate resources to nish on time, what is the best way to reduce project duration at minimum cost, project planning: > subdivide a large project into smaller units. > each activity should have a clearly de ned starting point and ending point. > each activity is clearly distinguishable from every other activity.

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