Project Management BA 4320. Richard Fisher The University of Texas at Dallas. Project Management. A PROJECT is a set of tasks (activities) with a definite beginning and ending point. Phases Project Planning Project Scheduling Project Tracking. Steps in Project Management Network Analysis.
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The University of Texas at Dallas
A PROJECT is a set of tasks (activities) with a definite beginning and ending point.
ACTIVITY (TASK) --A work component needed to be accomplished; a task within the overall project that has a definite beginning and ending point. The activity consumes time.
EVENTS -- Designates the beginning and / or ending of activities. A point in time. Also shows the precedence relationships of the activities.
NETWORK -- A combination of Activities and Events that describe the logic of the project. There is one definite starting and ending point.
Task C may not begin until both A and B have been completed.
A and B may occur concurrently and are parallel tasks.
Task D may begin after B is completed. Task E may begin after C is completed.
A-B-D-F and A-C-E-F are parallel paths.
CRITICAL PATH -- The path through the network consisting of several activities whose total activity times are the longest of any path through the network.
The most pressing, dangerous, risky path through the network. Usually denoted by heavy lines through the activities on the Critical Path.
CRITICAL PATH TIME -- Total time of all activities on the critical path.
EXPECTED TIME of a task (activity)
EARLIEST START -- Earliest time expected to complete all previous tasks.
EARLIEST FINISH = ES + T for a task.
LATEST FINISH -- Latest time a task can finish and still allow the project to finish on time.
LATEST START = LF - T for a task.
SLACK TIME = LF - EF or LS - ES(there is NO slack on the CP)
2. Build lab
8. End project
7. Pilot eval
6. Train Staff