HPS321H1 Lecture 3: AER201_Project Planning
19 Jan 2016
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Document Summary
Manageable tasks schedule: structure: break down large complicated tasks to smaller, efficiency: manage time, and minimize wasted efforts, make a, communication: establish basis of communicating, survey: allocate resources, project funds, equipment, time, evaluation: measure progress, efficiency, effectiveness. Displays the plan elements on one (many) visual charts(s) Project planning: tasks (and subtasks, estimated duration of each task, chronological ordering of tasks, milestones, personnel assignments, estimated cost of each task. A graphical network diagram that illustrates the sequential flow. Beta probability distribution: a skewed finite probability density function which is identified by its left terminus mode, and right terminus. Expected duration: the average value of the activity duration n the long-run. Expected time to complete the project, variance of the project completion duration. Given a sufficient number if activities, the project duration follows a normal probability distribution. (central limit theorem) Pr ( y > y )=1 pr ( y < y ) Using statistics handbooks z-distribution z= y y .
