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Ebook Project management (10/E): Part 2

(BQ) Part 2 book “Project management” has contents: Network scheduling techniques, project graphics, pricing and estimating, cost control, trade-off analysis in a project environment, risk management, learning curves, contract management, and other contents. | c12.qxd 1/21/09 3:17 PM Page 493 Network Scheduling Techniques 12 Related Case Studies (from Kerzner/Project Management Case Studies, 3rd Edition) Related Workbook Exercises (from Kerzner/Project Management Workbook and PMP ®/CAPM ® Exam Study Guide, 10th Edition) PMBOK® Guide, 4th Edition, Reference Section for the PMP® Certification Exam • Crosby Manufacturing • Corporation* • • • • • Time Management Crashing the Effort Multiple Choice Exam Crossword Puzzle on Time (Schedule) Management 12.0 INTRODUCTION PMBOK® Guide, 4th Edition Chapter 6 Project Time Management PMBOK® Guide, 4th Edition Management is continually seeking new and better control techniques to cope with the complexities, masses of data, and tight deadlines that are characteristic of highly competitive industries. Managers also want better methods for presenting technical and cost data to customers. Scheduling techniques help achieve these goals. The most common techniques are: 6.1.3.3 Milestone Lists ● Gantt or bar charts *Case Study also appears at end of chapter. 493 c12.qxd 1/21/09 3:17 PM Page 494 494 NETWORK SCHEDULING TECHNIQUES ● ● ● Milestone charts Line of balance1 6.2 Activity Sequencing Networks ● Program Evaluation and Review Technique (PERT) 2 ● Arrow Diagram Method (ADM) [Sometimes called the Critical Path Method (CPM)] ● Precedence Diagram Method (PDM) ● Graphical Evaluation and Review Technique (GERT) PMBOK® Guide, 4th Edition Advantages of network scheduling techniques include: ● ● ● ● ● ● ● ● ● ● They form the basis for all planning and predicting and help management decide how to use its resources to achieve time and cost goals. They provide visibility and enable management to control “one-of-a-kind” programs. They help management evaluate alternatives by answering such questions as how time delays will influence project completion, where slack exists between elements, and what elements are crucial to meet the completion date. They provide a basis .