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Projects are completed and closed when the project goals are
achieved or it is abandoned if determined that the project is no
longer viable.
Project Features:
Uniqueness:
Temporariness:
Example
Building a Hydro Power Station (HPP) or a road etc. are example of a
project. The process of building a road takes a finite amount of time, and
produces a unique product. So is the H P P known for its tailor made
parlances.
Operations, on the other hand, are repetitive. Generating bills every
month, and broadcasting news everyday are examples of operations.
A project may be understood as a sequence of unique, complex, and
connected activities having one goal or purpose and that must be
completed by a specific time, within budget, and according to
specification.
Project Management:
Project management is facilitating the planning,
scheduling, and controlling of all activities that must
be done to achieve project objectives.
a group of people,
a goal,
limited time and money and
a certain level of uncertainty regarding whether the goals will be
achieved,
drive for Project Management.
Project Phases:
Projects are typically broken down into various phases, each phase
outlining the work that needs to be done and who are involved as team
with identified resources.
Generally, in order for a phase to be considered complete, specific
deliverables need to have been completed and handed off. Some project
teams, however, do choose to implement fast tracking, which is when
phases are overlapped. Example: THPP Phase I & II etc.
It is not unusual for a project to take many times as long and to cost much
more as originally estimated. It is also not unusual for only very less per
cent of the original project team members to be working on the project
upon its completion.
Time
Money
Quality
Organisation
Work Progress
Information.
Customer Satisfaction
These all are so intertwined that a change in one will most often cause a
change in at least one of the others
For example:
If time extended with the same cost then quality and market of the
product will reduce.
Etc.
Changes to any of these legs sets off a series of activities that are needed
to integrate the change across the project.
on going projects,
balancing together to Schedules drawn ,
incorporating minimising exercise for deviation and
working out new program of the project , if need be .
Global competition
Project HR Management
Each Knowledge area has certain processes with three important parts.
Inputs
Outputs
Initiating
Planning
Closing
( If the length of the activity bars indicates relative task duration, this
chart tells about the project: There are two important deadlines when
sub-components of the system (interim deliverables) must be delivered
for the project to be considered on track. The Critical Path (the
sequence of activities that cannot slip without the whole project
slipping) is A C D E H. If activities done to develop subcomponent 1 and sub-component 2 in parallel, the project time slip risk
reduced considerably)
A Gantt
GPS for
chart is like a
manufacturing
projects. It shows
what
elements are
involved in the
project
from start to
finish,
where the
progress is supposed to be at what point of time, and if the project is on
schedule or not. Gantt charts are used in manufacturing, projects etc to
have a birds eye view of the progress.
Below is a modified Gantt chart used for keeping track of an industrial
manufacturing project.
How it works
A. Tasks Shows the breakdown of tasks required to complete this
manufacturing project. This particular project is divided into 3 sections:
Designing
Purchasing
Manufacturing
Yellow: Missed Factory DID NOT WORK on a task on the day they
were supposed to.
Red: Not on track The factory DID NOT COMPLETE task according
to schedule and the task has extended beyond its completion date.
C. Dates Start and end dates of each task and a time line.
D. Status What percent of this task is complete (factorys or auditors
estimate) and if the task is on track or not.
E. Schedule Layout of schedule and whether each task is on time on
not
F. Resources How many workers worked on a specific task
Any type of Bar charts do have one serious drawback-it is very difficult to
determine the impact of a slip on one task on the rest of the Projects i.e. if
Task A in Figure gets behind, it is hard to tell how this will affect the rest of
the work.
The reason is that the bar chart (in its original format) did not show the
interdependencies of the work. (Those days lack of software did not show
links between bars, making them easier to read. The actual name for
these bar charts is "time-line critical path schedules.)
While planning going in too much detail leads to avoidable troubles, but if
plan in too little detail, one might as well not bother.
Network Rules
In order to compute network start and finish times, only two rules apply to
all networks. Other rules are applied by the scheduling software itself.
These are strictly a function of the software and are not applied to all
networks.
Rule 1. Before a task can begin, all tasks preceding it must be completed.
Rule 2. Arrows denote logical precedence.
Commissioning
(PFR)
THANKS