Pert Analysis in Management Sceinces

In: Science

Submitted By gathoni
Words 5317
Pages 22
UNIVERSITY OF NAIROBI

Topic: Project Management Using Network Analysis

Term paper for the course

SMA 473: Network Analysis, Graphs and Scheduling

Lecturer: Prof. Ganesh Prasad Pokhariyal.

Name: munuhe allan ndungu
Registration No: I09/1916/2012

Table of Contents

Abstract ………………………………………………………………………………..………. 3

Chapter 1.Introduction …………………………………………………………………………. 4 1.1 Background Information ………………………………………………………….. 4 1.2 Statement of Problem ……………………………………………………………... 4 1.3 Objectives of Study ……………………………………………………………….. 5 1.4 Significance of Study ……………………………………………………………... 5

Chapter 2.Literature Review ………………………………………………………...………….. 5 2.1 Graph Theory ……………………………………………………………………. 5 2.2 Network Analysis ………………………………………………………………... 6 2.3 Project Management …………………………………………………………...... 6 2.3.1 Network Crashing ………………………………………………….. 7 2.3.2 PERT ………………………………………………………………. 7 2.3.3 CPM ………………………………………………………………...9 2.3.4 Gantt Chart …………………………………………………….........9

Chapter 3.Research Method …………………………………………………………………... 10 3.1 Research and Sample …………………………………………………………. 10 3.2 Instruments and Materials …………………………………………………….. 10

Chapter 4.Analysis and Results ………………………………………………………………. 13 4.1 Data analysis and Results ………………………………………………… 13 4.2 Interpretation of Results ………………………………………………….. 15 4.3 Discussion of Results …………………………………………………….. 15 4.4 Recommendations…...

Similar Documents

Project Management Analysis

...Project Management analysis BUSN300-1201B- Abstract Some form of Project Management is done in all types of businesses. According to Project Management Institute (2012), Project Management is when an individual applies the knowledge, techniques, and skills to accomplish a project effectively and efficiently with an ultimate goal in mind. This paper will analyze managerial, operational, and financial issues. This paper will also explore project management, project timelines, and contingency planning. Staffing needs will be explored, and an example of a Gantt and PERT chart will be included. Project Management analysis According to Project Management Institute (2012), Project Management is when an individual applies the knowledge, techniques, and skills to accomplish a project effectively and efficiently with an ultimate goal in mind. The goal of project management would be to make sure that the project is done in a timely manner, and under or right at budget. A project manager’s also has to understand scheduling, and how to head off any critical paths that may come in the way. And the best way to do that is by tracking information about the project on charts. The best charts to use to track information on a huge project would be the PERT and Gantt charts. According to The Constructor (2012), PERT stands for Program Evaluation and Review Technique. The PERT chart shows important information about the project. The chart is graph that has drawings on it......

Words: 915 - Pages: 4

Pert Mustang

...Second Trimester Session 2012/2013 GSM 5113 Operations Management Case Study: Car Restoration at BASS Prepared By: Risidaxshinni Kumarusamy GM05090 Mogna Priya Pindaya GM05082 Saraniya Gunasegaran GM05092 Prepared For: Assc. Prof. DrAzmawaniAbdRahman Date of Submission: 7th March 2013 Introduction Background of BASS Bennett Auto Sales and Service (BASS) sells and services several American and Japanese cars, and owns two auto parts stores, a large body shop, a car painting business and an auto salvage yard. The owner of BASS, David Bennett, built the business into a successful empire upon inheriting it from her father. Her motto is to “Sell em today, repair em tomorrow”, implying that repeat customers and high customer loyalty is their secret to success. Currently, Bennett is interested in expanding the business via restoration of vintage automobiles. In order to assess the practicability of this idea, she wants to restore her 1965 Shelby Mustang GT 350 to mint condition. The Mustang will serve as an advertisement for the new restoration business she plans to start and will be taken to auto shows and exhibits to attract business. The Mustang restoration project involves 22 activities (from A-V) and needs to be completed within 45 days so that the car can be displayed in an auto show at Detroit. Roberts wants the new business to appeal to both types of people, as follows: * For the first group, she envisions serving as parts broker for...

Words: 2928 - Pages: 12

Ratio Analysis of Project Management

...liquidity, asset and debt management is good market value will probably be as high as can be expected. From the analysis of five years data we will try to find out the problems and reasons of changes in the Market value of from the price of Tk. 250.00 per share at the beginning of 2005-2006, to Tk.782 .25 at the end of 2008-09. Initially the book value of the share of the company is Tk. 185.67 per share and at the year 2009 it become 390.01 So from the data it is evident that the Market value is substantially greater than the book value. So we can say for our concern company that, Market value > Book value So this is good news for company. So, Company is enjoying a healthy financial status. In our report we shall diagnose all the data and we shall established the reason behind the fact. We will also look how PCGB is managing the Liquidity, Asset, Debt, and observe the implications on Profitability and Market Value. 1.3 Objective of the Study The objective of this study is to identify the financial strength of Power Grid Company of Bangladesh Ltd. by analyzing their accounting statements for a definite period and to compare their book value with the market value of the share and finding out the reason of the discrepancy about this issue. Have detail understanding about the instruments of finance. * Make a thorough analysis of the company’s financial statements over the last 5 years with the aid of ratio analysis, cash flow and analysis of major components of......

Words: 6222 - Pages: 25

Project Management Pert

...Chapter 13 Project Management Characteristics of a “project”: ■  A project is unique (not routine), ■  A project is composed of interrelated sub-projects/activities, ■  It is associated woth a large investment. What is Project Management ■  To schedule and control the progress and cost of a project. PERT/CPM: ■  Input: –  –  –  Activities in a project; Precedence relationships among tasks; Expected performance times of tasks. The earliest finish time of the project; The critical path of the project; The required starting time and finish time of each task; Probabilities of finishing project on a certain date; ... ■  Output: –  –  –  –  –  PERT/CPM is supposed to answer questions such as: ■  How long does the project take? ■  What are the bottle-neck tasks of the project? ■  What is the time for a task ready to start? ■  What is the probability that the project is finished by some date? ■  How additional resources are allocated among the tasks? PERT Network: •  •  •  •  •  It is a directed network. Each activity is represented by a node. An arc from task X to task Y if task Y follows task X. A ‘start’ node and a ‘finish’ node are added to show project start and project finish. Every node must have at least one outgoing arc except the ‘finish’ node. Example of Foundry Inc., p.523 Activity A B C D E F G H Immediate Predecessors A B C C D, E F, G PERT Network for Foundry Inc. Example Example of a Hospital Project: ...

Words: 1617 - Pages: 7

Pert & Cpm

...CPM/PERT Presented by DATE- 08 Aug. 2014 Shravan Kumar Project  “A project is a series of activities directed to accomplishment of a desired objective.” Plan your work first…..then work your plan Network analysis Introduction Network analysis is the general name given to certain specific techniques which can be used for the planning, management and control of projects. One definition of a project: “A project is a temporary endeavour undertaken to create a "unique" product or service”  History   Developed in 1950’s CPM by DuPont for chemical plants PERT by U.S. Navy for Polaris missile CPM was developed by Du Pont and the emphasis was on the trade-off between the cost of the project and its overall completion time (e.g. for certain activities it may be possible to decrease their completion times by spending more money how does this affect the overall completion time of the project?) PERT was developed by the US Navy for the planning and control of the Polaris missile program and the emphasis was on completing the program in the shortest possible time. In addition PERT had the ability to cope with uncertain activity completion times (e.g. for a particular activity the most likely completion time is 4 weeks but it could be anywhere between 3 weeks and 8 weeks). CPM - Critical Path Method  Definition: In CPM activities are shown as a network of precedence relationships using activity-on-node network construction – Single estimate of activity time –......

Words: 947 - Pages: 4

Management Analysis

...Case Analysis of Case Study 3.1:   HY DAIRIES, INC Linda Sanchez MGMT 645 Organizational Development & Culture Dr. Laughron January 12, 2014 Apply your knowledge of stereotyping and social identity theory to explain what went wrong here. On first glance this case may appear as if Mr.Gilman has stereotyped Mr.Beauport. However, there does not appear any evidence of stereotyping throughout the case such as having a history of making racial slurs towards any ethnic group. Mr. Gilman’s decision in offering Ms. Beauport the marketing research coordinator’s position does not appear to contain malicious intentions behind it. On the contrary, he seems to be sincere in offering the position for future advancements within the company. Personal experience may have made Ms. Beauport jump to the conclusion that her employer would not accordingly promote her due to the color of her skin and gender. Society’s definition of racial and gender stereotyping is typically towards minorities, such as Latinos or African Americans, or females. This case does not easily follow the “typical” image of racial stereotyping. Some may argue that Ms. Beauport is stereotyping Mr. Gilman as a sexists and racists Caucasian man. Our textbook describes social identity is a way in which people define themselves by the groups to which they belong or have an emotional attachment (McShane & Von Glinow, 2013). It focuses on the different ways......

Words: 1214 - Pages: 5

Management Analysis

...attack on the management strategy. Many successful organizations will remedy their success on the management strategies that they have managed to employ in the success of their business. Strategic management is the interpretation and presentation of management techniques and strategies by managers in utilization of resources, enhancing the external and internal environments and ensuring a company market share so as to maximize on profits. We shall evaluate the strategic management of Johnson and Johnson. Through the analysis, major market and business strategies of the company shall be evaluated with the current external and internal business environment. Table of Contents Johnson and Johnson Strategic Management Analysis 1 Contents 1 Chapter 1 3 1.1 Executive Summary 3 1.2 Scope of the Case Study 3 2.1 Company Background 4 2.2 Vision and Mission Statements 5 2.3 Strategies 6 3 TASK A: External Environment 8 3.1 Specific Environment 8 3.1.1 Porters Five Forces 8 Figure 1 9 3.2 Generic External Environment 12 3.2.1 Pestel Analysis 12 3.3 Impacts on the industry: Threats and Opportunities 13 4 TASK B: Internal Environment 16 4.1 J&J SWOT analysis 16 4.2 Summary of Strengths and Weaknesses 17 5 Financial Analysis 19 5.1 Profitability Ratio analysis 19 Liquidity Ratios 21 6 Data Analysis 22 7 Recommendations 23 References 25 Chapter 1 1.1 Executive Summary The strategic management analysis of......

Words: 4966 - Pages: 20

Cpm and Pert

...…………………………………………………………………………………………………………… 12 2.2.4 Limitation of CPM …………….…………………………………………………………………………………………. 12 2.3 Project Evaluation and Review Techniques (PERT) ……..……………..………………………………………… 13 2.3.1 Steps of PERT in Project Planning ……....……………………………………………………………………….. 14 2.3.2 Benefits of PERT……..……………………………………………………………………………………………………. 16 2.5.1 Limitation of PERT ……………………………………………………………………………………………………….. 16 3.0 CONCLUSION 17 4.0 REFERANCES 29 1.0 INTRODUCTION: 1.1 What is a project? A project is a series of activities directed to accomplishment of a desired objective. A project have a defined start which is when the descision of the project process starts and also a defined end where by that point the goal and the objectives of that project is achived. 1.2 What is project management? Project management its concerned with the overall planning and co-ordination of a project from conception to completion aimed at meeting the stated requirements and ensuring completion on time, within cost and to required quality standards. Project management is normally reserved for focused, non-repetitive, time-limited activities with some degree of risk and that are beyond the usual scope of operational activities for which the organization is responsible. 1.3 Project management steps: 1.3.1- Project definition and scope: The fundamental first step of any project is to define it, where you determine exactly what do you want to do in that......

Words: 2946 - Pages: 12

Project Management Analysis

...Name: Hrushikesh S Datar ID: 10320626 Assignment: Project management analysis report. Introduction: Project management is an important department in an organisation. Project manager is a sort of connecting link between senior and junior level management. A project management means a process of planning, managing resources and working together to achieve a common goal. Furthermore, Project management includes five steps of system development life cycle i.e. initiation, planning, controlling, closing and development. (Project_management) Definitions: A project management can be defined as “A process of planning, monitoring, control and reviewing projects by using principles and techniques.” (http://www.businessdictionary.com/definition/project-management.html) “A phenomenon where definition, control, planning, deployment and monitoring comes together to get a common benefits is known as project management.” (Definitions.asp) “A project management is a summation of all models and methodologies which needs individual task completion.” (www.actano.com/20911_EN-What%B4s_new-Glossary.htm) PMBOK categories for effective project management: A project undertaken by well known university in New Zealand is to design and develop complaint management system for students in a university. Project Overview: A university is developing online complaint management system in which students can lodge their complaints on a portal created by university and connected to the website of......

Words: 1722 - Pages: 7

Management Analysis

...prompted the president to request for an investigation into the backlog in the VA system. Upon further review conducted by the senate on Veterans Affairs, a report released by nine senators acknowledged recent efforts by the VA to reduce disability and pensions claims backlogs but said it wasn't enough. Pointing to the VA's worst performers such as the Philadelphia regional office, the lawmakers were announcing legislation that would require the Government Accountability Office to investigate all 56 regional offices for problems. Influenced by "The VA system again finds itself engulfed in another scandal," said Sen. Dean Heller, R-Nev., co-chairman of the Senate's VA backlog working group. VA offices nationwide are suffering from poor management, he said, proving "it is time for an overhaul of the entire system." (Yen, 2015). The search for the right long-term solution to the veteran’s benefits problem has been complicated. Many of the sort out solution brought up by senate have proved to be very disappointing. Sen. Bob Casey, D-Pa., the other co-chairman, said he too was worried that problems were not isolated to Philadelphia. "It's simply unacceptable to have a veteran with a disability wait hundreds of days for their claim to be resolved," he said. Delays in compensation claims prompted veterans groups to seek changes last year before attention shifted to problems at the Phoenix VA medical center. The VA ultimately found that patient waits and falsified records in its......

Words: 2624 - Pages: 11

System Design & Management Analysis

...SYSTEM DESIGN & MANAGEMENT ANALYSIS System Design & Management Analysis Veronica Brown-Corbin University of Phoenix Contemporary Systems Management MGT/736 Brian E. Polding, Ph.D March 12, 2007 System Design & Management Analysis Management must recognize the system design and management of an organization are subject to internal and external influences. The internal influences include the management team and employee; and the external influences can include competitors and customers. There are contextual/cultural factors and stakeholders that have an influence on the management system that is designed and implemented. The contextual/cultural factors include key characteristics of the organization, internal and external relations, competitive landscape, strategic opportunities and challenges, and performance improvement. This is an opportunity for executive management to become acquainted with how these influences shape the organization’s context and maximize value for stakeholders. “Leadership’s job was to get the strategy right, design the correct structure, and then tie the strategy to structure through defined systems to deliver high-quality performance” (Nowicki & Summers, 2007, p.118). This is not an easy process and takes time and input from several sources. The leadership in the organization has to guide the organization so that the goals and objectives are met. The performance of the organization will benefit from a well carried out strategic......

Words: 1974 - Pages: 8

Management Analysis

...Case Analysis of L’Oreal Zhang Jiameng (Bryna) 0930822 Dr. Vijay Patel 2015.12.08 Table of Contents Overview and History…………………………………………………………….pg3 Current Situation and Major Issue…………………………………...………… pg3 Competitive and SWOT Factors ………….……………………………………..pg4 Major Objective and Why………………………………………………………..pg8 Alternatives and Assessment…………….……………………………………….pg9 Recommendation and Implementation…………………………………………pg10 Work Cited……………………………………………………………………….pg12 I. Overview and History The L’Oréal Group is a French cosmetics and beauty company founded by Eugene Schueller in 1909, headquartered in Clichy, Hauts-de-Seine. It is the world’s largest cosmetics company, which has developed activities in the field of cosmetics, concentrating on hair color, skin care and so on. In 1973, L’Oréal purchased Synthelabo to pursue its ambitions in the pharmaceutical field. Later on, Synthelabo merged with Sanofi in 1999 to become Sanofi-Synthelabo, which merged with Aventis in 2004 to become Sanofi-Aventis. In the same year, L’Oréal acquired Yue Sai. L’Oréal also purchased The Body Shop in 2006 and acquired major Chinese beauty brand Magic Holidings in 2014. Timeline of L’Oreal Group II. Current Situation and Major Issues 1. Current Situation 1) Global market: L’Oréal is the world’s largest cosmetics company, with worldwide sales of €19.5 billion in 2010. 2) Chinese market: * L’Oréal is the second largest beauty and skincare player in China and......

Words: 2313 - Pages: 10

Pert

...|[pic] |[pic] | |Analysis of algorithms |Algorithms |Data structures |Computational geometry | [edit] Programming language theory Main article: Programming language theory Programming language theory is a branch of computer science that deals with the design, implementation, analysis, characterization, and classification of programming languages and their individual features. It falls within the discipline of computer science, both depending on and affecting mathematics, software engineering and linguistics. It is a well-recognized branch of computer science, and an active research area, with results published in numerous journals dedicated to PLT, as well as in general computer science and engineering publications. |[pic] |[pic] |[pic] | |Type theory |Compiler design |Programming languages | [edit] Formal methods Main article: Formal methods Formal methods are a particular kind of mathematically-based techniques for the specification, development and verification of software and hardware systems. The use of formal methods for software and hardware design is motivated by the expectation that, as in other engineering disciplines, performing appropriate mathematical analysis can contribute to the reliability and robustness of a design. However...

Words: 5655 - Pages: 23

Pert in Library Management

...GPSS/H it can be concluded that the best suitable synchronisation algorithm is an optimistic or hybrid algorithm that has a coarse grained granularity. The algorithm should require only little communication compared to the amount of computation it performs. At the same time the algorithm needs to be flexible enough to adapt to a changing environment, as this is the case in Ad Hoc Grids. A further requirement is that the algorithm can be adapted to and is suitable for transaction-oriented simulation. Management algorithm [1] but at the same time is suitable for loosely coupled parallel systems like Computing Grids. Similar to the Elastic Time algorithm state vectors are used to describe the current states of all LPs plus a set of functions to determine the output vector but the Shock Resistant Time Warp algorithm does not require a global state. Instead each LP separately tries to optimise its parameters towards the best performance. And similar to the Adaptive Memory Management algorithm the optimism is controlled indirectly be setting artificial memory limits but for the Shock Resistant Time Warp algorithm each LP will limit its own memory instead of using an overall memory limit for the whole simulator. The Shock Resistant Time Warp algorithm is a fully distributed approach to controlling the optimism in Time Warp that requires no additional communication between the LPs [2]. It is based on the Time Warp algorithm [6] but extends each LP with a control component called......

Words: 4076 - Pages: 17

Budget Management Analysis

...Budget Management Analysis HCS/571 Financial Resource Management June 27, 2011 Dr. Lena Watson Budget Management Analysis Budget management analysis is used by mangers as a tool and helps determine that all resources available are being used efficiently. The budgets are determined yearly and are based upon the previous year’s budget and variances. This paper will discuss specific strategies to manage budgets within forecast, compare five to seven expense results with budget expectations, describe possible reasons for variances, give strategies to keep results aligned with expectations, recommend three benchmarking techniques, and identify those that might improve budget accuracy, and justify the choices made. Strategies to Manage Budgets Many strategies may be used to control budgets; managers and the chief financial officer of most healthcare organizations have the tools needed to manage the budget. By managing the budget the organization will be better prepared for the financial forecasts, which are the company’s future expenses. Some strategies and tools that will assist with managing the budget are zero based, activity based, performance based, cost variances and benchmarking. Zero based budgeting analyzes every expense within an organization and justifies the need and cost of each. Activity based costing is the gathering of the operating cost data, which is assigned to specific activities such as engineering. The performance dashboard uses the metrics of......

Words: 1406 - Pages: 6