PROJECT MANAGEMENT
– A SATELLITE MISSION
M.V.Kannan Planet Aerospace
1
M. V. Kannan (Former ISRO Scientist)
Director, Business Adviser
Email: indukan@yahoo.com
Contact:+91 9740317133 / 9886029133
14th October 2017
PROJECT MANAGEMENT
– AN INSIGHT
M.V.Kannan Planet Aerospace
2
“Project” is an Unique, well defined effort to accomplish a
specified task with certain specified result at a particular
point of time.
PROJECT MANAGEMENT
– AN INSIGHT
M.V.Kannan Planet Aerospace
3
Characteristics of a Project !
 Projects are unique
 Projects are temporary in nature and have a definite
beginning and end date
 Projects are completed when project goals are
achieved
 A successful project is one that meets or exceeds the
expectations of stake holders
M.V.Kannan Planet Aerospace
4
Project Management is defined as a set of
• Principles
• Practices and Methods
• Procedures and techniques
needed for planning and execution of an object oriented
task, for establishing a sound basis for organising ,
scheduling, controlling and managing the project.
PROJECT MANAGEMENT
– AN INSIGHT
M.V.Kannan Planet Aerospace
5
PROJECTS TRIPLE CONSRAINTS
M.V.Kannan Planet Aerospace
6
Planning – “What” - What does this involve?
Mission objective , Payload definition, Subsystem Design,
Technology developments, Budget planning, Resource
planning - project report
Directing - “ Who” - Who should direct the project
tasks and activities?
Identification of project team, Budget & resource allocation ,
special Review committees
PROJECT MANAGEMENT APPROACH
M.V.Kannan Planet Aerospace
7
Scheduling – “ When ” - When the work activities/tasks
need to be done?
Project duration, Work breakdown structure,, subsystem level
schedules, Project level schedules
Controlling - “How” - How to monitor and measure the
performance of the project?
Review mechanisms, status reviews, special reviews, Review
by Top Management
SATELLITE PROJECT MANAGEMENT APPROACH
M.V.Kannan Planet Aerospace
8
MATRIX MANAGEMENT – SIMPLE EXAMPLE
Organisation Structure
Team-
Typical
M.V.Kannan Planet Aerospace
9
MAIN FRAME
AIT
QA
MISSION
PAYLOAD
POWER
TTC - BB
TTC - RF
STRUCTURE
THERMAL
MECHANISM
AOCS
AOCE SENSORS ACTUATORS
PROPULSION WHEELS / TORQUERS
SPACECRAFT
COMMUNICATION
REMOTE SENSING
SCIENTIFIC
MANNED MISSION
NAVIGATION
SPACECRAFT ELEMENTS
M.V.Kannan Planet Aerospace
10
PLANNING EXECUTION COMPLETION
Concept &
Design
Fabrication
& Testing
Assembly
& Testing
Pre & Post
Launch
20% 30% 40% 10%
BDR
PSR
PDR
DDR
CDR
MAJOR MILE STONES
BDR : Baseline Design Review
PDR : Preliminary Design Review
DDR : Detailed Design Review
CDR : Critical Design Review
PSR : Pre-shipment Review
T1
Months
T2
Months
T3
Months
T4
Months
SATELLITE PROJECT LIFE CYCLE – TYPICAL
M.V.Kannan Planet Aerospace
11
 DETAILED ASPECT OF PLANNING
 ITERATIVE PROCESS TO ENHANCE THE PLAN
 STEPS INVOLVED:
 Time Estimates
 Identifying dependencies
 Constructing dependence network
 Assigning responsibilities
 Allocating Resources
 GANTT CHART – PERT/ CPM
 Schedule Plans– Various Levels
SCHEDULING
M.V.Kannan Planet Aerospace
12
GANTT CHART (Bar Chart)
NETWORK DIAGRAMS
Task Date
Activity-1 4/25
Activity-2 5/15
PROJECT SCHEDULING PLANNING TOOLS
M.V.Kannan Planet Aerospace
13
GANTT CHART-TYPICAL
M.V.Kannan Planet Aerospace
14
GANTT CHART-TYPICAL
M.V.Kannan Planet Aerospace
15
Activity networks – Diagram Symbols
12
6
21
9
Event No
Slack
Latest TimeEarliest Time
X Y
X
Y
Z
X
Y Z
Event ( Situation which occurs on completion
of a Job or Jobs )
Job X must be completed before Job Y can start
Job X & Y must be completed before Job Z can
start
Z is a dummy activity, it is represented by
dotted line. It does not require resources or
completion time.
M.V.Kannan Planet Aerospace
16
STEPS in CPM & PERT Project Planning
1. Identify the specific activities
2. Determine the proper sequence of activities
3. Construct /Draw the network diagram
4. Estimate the time required for each activity
5. Identify the critical path ( Longest path through the
network)
6. Update CPM/PERT Chart as the project in progress
M.V.Kannan Planet Aerospace
17
PERT - ACTIVITY TIME ESTIMATE
For each activity – Three time estimates
Optimistic time : Generally the shortest time in which the
activity can be completed
Most likely time : The completion time having the highest
probability
Pessimistic time : The longest time that an activity may require
Expected time of each activity =(optimistic+4 x most
likely +Pessimistic)/6
M.V.Kannan Planet Aerospace
18
ACTIVITY NET WORK - PERT CHART-TYPICAL
19
M.V.Kannan Planet Aerospace
CRITICAL PATH (Activity oriented)
• The Critical Path method is used to determine what the
shortest time is to complete the project, or a phase of the
project.
• The method analyzes every possible sequence of tasks
based upon the network diagram to determine which
sequence is the longest.
• This sequence is called the critical path because it sets the
minimum time in which the project can be completed.
M.V.Kannan Planet Aerospace
20
IDENTIFICATION OF CRITICAL PATH
Determine the four parameters for each activity
ES: Earliest start time:
EF : Earliest Finish time:
LS : Latest start time
LF: Latest Finish time:
Slack= (ES-LS) or (EF-LF) .
The critical path then is the path through the network in which
none of the activities have slack
M.V.Kannan Planet Aerospace
21
TYPICAL NET WORK - MODEL
1
2
3 4
5 6
E [14, 17]
3 [22 , 25]A [ 0, 3]
3 [19, 22] G [ 25, 35]
[25, 35]
B [ 0, 14]
14 [0 , 14]
D [ 14, 21]
7 [ 14, 21]
F [ 21, 25]
4 [ 21, 25]
CRITICAL PATH
JOB NAME [ ES , EF ]
DURATION [ LS , LF ]
KEY
C [ 14, 14]
0 [ 22, 22]
M.V.Kannan Planet Aerospace
22
PROJECT COSTING
Direct Costs Indirect Costs
Which are directly associated
with project activities (Bill of
materials, equipment / tools,
Fabrication, salaries ,travel,
outsourcing of jobs etc. )
Overhead costs (not directly
associated with specific project
activities – like office space,
administrative expenses, taxes
etc.)
M.V.Kannan Planet Aerospace
23
PROJECT SCHEDULE ANALYSIS TECHNIQUES
 CRITICAL PATH
 PERT
 CRITICAL CHAIN
Details-CC
M.V.Kannan Planet Aerospace
24
Integrated monitoring of schedule and cost
SV = (EV-PV)
-ve: behind schedule
+ve : Ahead of schedule
SV % = 100* (SV/PV)
CV= (EV-AC)
-ve: over budget
+ve : und budget
CV % = 100* (CV/EV)
EAC – Estimation cost
at completion (Revision)
EAC= AC/PC where PC is
Percentage completion
M.V.Kannan Planet Aerospace
25
PROJECT MANAGEMENT SOFTWARE
Microsoft Project is a project management software program
developed and sold by Microsoft
Designed to assist project managers in developing plans,
assigning resources to tasks, tracking progress, managing
budgets and analyzing workloads
The application creates critical path schedules, and critical
chain which can be visualized in a Gantt chart.
M.V.Kannan Planet Aerospace
26
“Planning without action is futile, action without planning is
fatal.” — Cornelius Fitchner PMP
M.V.Kannan Planet Aerospace
27
Project Lead
Project Managers
Mechanical
Systems
POWER
SYSTEMS
TTC
(BB & RF)
Communication
Systems
Controls
Systems
Sensors
systems
Payload
systems
AIT
QA
Mission
Project Management Office
Review Board
Matrix
Management
M.V.Kannan Planet Aerospace
28
CRITICAL CHAIN : (1997 Eliyahu.M.Goldartt)
Longest Chain of the tasks that consider both task
dependencies and resource dependencies . Critical chain
recognises that a delay in resource availability can delay a
schedule just as a delay in dependent tasks
Theory of constraints based “ Any system must have
constraint .Otherwise its output would increase without
bound or go to zero”
Relay race approach : As fast as possible
Buffer Management aproach
Example
M.V.Kannan Planet Aerospace
29
CRITICAL CHAIN : (1997 Eliyahu.M.Goldartt)
The resource for each activity placed by the side of each activity
In CPM- RED color indicates critical path (project takes 65 days for completion)
In Critical Chain ,each task duration reduced by 50%. Feeding buffer seen introduced
where non critical chain activities intersect critical chain path. Project buffer
introduced at the end of project. Project duration has come down by 10 days (15%)
Back

More Related Content

PPT
PDF
Mars mission
PPTX
MANGALYAAN
PPTX
Space exploration
PPTX
Chandrayaan 2 | Facts You Should Know | India's Second Lunar Mission
PPTX
mission to mars
PPT
Life On Mars
 
PPT
Quantum Teleportation
Mars mission
MANGALYAAN
Space exploration
Chandrayaan 2 | Facts You Should Know | India's Second Lunar Mission
mission to mars
Life On Mars
 
Quantum Teleportation

What's hot (20)

PPTX
Satellites launched by india
PPTX
Mangalyaan presentation
PPTX
The Moon
PPTX
Black hole ppt
PPTX
chandrayan 3 ppt. (3).pptx
PPTX
Planet Mars
PPT
Mars Exploration Rover
 
PPT
India's Mission Moon : Chandrayaan - I
PPTX
Space pollution
PPTX
Mars one - Colonization in Mars
PPTX
Chandrayaan
PPT
Journey to mars planet ppt
PPTX
Possibility of living on Mars
PPTX
Life on mars
PPTX
Mission to Mars
PPTX
Interstellar Presentation
PPTX
Black holes
PPT
Sarita chauhan seminar on black hole
PPTX
Satellites launched by india
Mangalyaan presentation
The Moon
Black hole ppt
chandrayan 3 ppt. (3).pptx
Planet Mars
Mars Exploration Rover
 
India's Mission Moon : Chandrayaan - I
Space pollution
Mars one - Colonization in Mars
Chandrayaan
Journey to mars planet ppt
Possibility of living on Mars
Life on mars
Mission to Mars
Interstellar Presentation
Black holes
Sarita chauhan seminar on black hole
Ad

Similar to Project management an overview (20)

PPTX
Project Management & Engineering Economics
PPTX
Applying the Systems Engineering Process to a Conceptual Merucry CubeSat Mission
PPT
Schedule_Module_V.10.ppt
PPT
49091291-PERT and CPM topic of industrial .ppt
PDF
igwe_resume_pm_032116
PDF
NEO Surveyor Project Overview CL24_2189.pdf
PPTX
PERT-AND-CPM JNIBJJJJJJJJJJJJJJJJJJ.pptx
PPTX
Pert cpm
PPTX
PROJECT-SCHEDULING-pptx.pptx
PPT
Ianson
PPTX
Software Engineering and Project Management - Activity Planning
PPTX
Pertcpm projectmanagement SIDDANNA M BALAPGOL
PPTX
Pertcpm projectmanagement-120628224438-phpapp02
PPTX
PERT_CPM and other relevant points .pptx
PDF
PrincipalDesignSpaceSystemsEngineering.pdf
PPTX
Kaveen Lavindu Gunawardena Portfolio Resume
PPTX
Mercury CubeSat Presentation for ASAT2016
PDF
project managment lesson mechanical engineering
PPTX
PMP Project Management Basics Tutorial For Beginners
PPT
IGARSS 2011 - RCM, The Making of (AC) (Short).ppt
Project Management & Engineering Economics
Applying the Systems Engineering Process to a Conceptual Merucry CubeSat Mission
Schedule_Module_V.10.ppt
49091291-PERT and CPM topic of industrial .ppt
igwe_resume_pm_032116
NEO Surveyor Project Overview CL24_2189.pdf
PERT-AND-CPM JNIBJJJJJJJJJJJJJJJJJJ.pptx
Pert cpm
PROJECT-SCHEDULING-pptx.pptx
Ianson
Software Engineering and Project Management - Activity Planning
Pertcpm projectmanagement SIDDANNA M BALAPGOL
Pertcpm projectmanagement-120628224438-phpapp02
PERT_CPM and other relevant points .pptx
PrincipalDesignSpaceSystemsEngineering.pdf
Kaveen Lavindu Gunawardena Portfolio Resume
Mercury CubeSat Presentation for ASAT2016
project managment lesson mechanical engineering
PMP Project Management Basics Tutorial For Beginners
IGARSS 2011 - RCM, The Making of (AC) (Short).ppt
Ad

More from Grintex India Ltd (15)

PPTX
About planet aerospace
PDF
Overview-ISAC
PPTX
PPSX
PDF
Crtical chain m ethod ver 2
PDF
PDF
Profile in isro 1
PPT
Brain storming-rules
PPT
Brain storming
PPT
PPT
Multiprojects management
PPT
Costing Primer
PDF
Creativity
PPT
Rajnikanth and management
PDF
My Career profile
About planet aerospace
Overview-ISAC
Crtical chain m ethod ver 2
Profile in isro 1
Brain storming-rules
Brain storming
Multiprojects management
Costing Primer
Creativity
Rajnikanth and management
My Career profile

Recently uploaded (20)

PDF
Module 7 guard mounting of security pers
DOC
EVC毕业证学历认证,北密歇根大学毕业证留学硕士毕业证
PPTX
power point presentation ofDracena species.pptx
PPTX
Shizophrnia ppt for clinical psychology students of AS
PPTX
Sustainable Forest Management ..SFM.pptx
PPTX
Copy- of-Lesson-6-Digestive-System.pptx
PDF
5_tips_to_become_a_Presentation_Jedi_@itseugenec.pdf
PPTX
2025-08-17 Joseph 03 (shared slides).pptx
PPTX
FINAL TEST 3C_OCTAVIA RAMADHANI SANTOSO-1.pptx
PPTX
Knowledge Knockout ( General Knowledge Quiz )
PDF
Public speaking for kids in India - LearnifyU
PDF
Unnecessary information is required for the
PPTX
Unit 8#Concept of teaching and learning.pptx
PDF
PM Narendra Modi's speech from Red Fort on 79th Independence Day.pdf
PPTX
ANICK 6 BIRTHDAY....................................................
DOCX
Action plan to easily understanding okey
PPTX
CAPE CARIBBEAN STUDIES- Integration-1.pptx
PPTX
NORMAN_RESEARCH_PRESENTATION.in education
PPTX
CASEWORK Power Point Presentation - pointers
PPTX
PurpoaiveCommunication for students 02.pptx
Module 7 guard mounting of security pers
EVC毕业证学历认证,北密歇根大学毕业证留学硕士毕业证
power point presentation ofDracena species.pptx
Shizophrnia ppt for clinical psychology students of AS
Sustainable Forest Management ..SFM.pptx
Copy- of-Lesson-6-Digestive-System.pptx
5_tips_to_become_a_Presentation_Jedi_@itseugenec.pdf
2025-08-17 Joseph 03 (shared slides).pptx
FINAL TEST 3C_OCTAVIA RAMADHANI SANTOSO-1.pptx
Knowledge Knockout ( General Knowledge Quiz )
Public speaking for kids in India - LearnifyU
Unnecessary information is required for the
Unit 8#Concept of teaching and learning.pptx
PM Narendra Modi's speech from Red Fort on 79th Independence Day.pdf
ANICK 6 BIRTHDAY....................................................
Action plan to easily understanding okey
CAPE CARIBBEAN STUDIES- Integration-1.pptx
NORMAN_RESEARCH_PRESENTATION.in education
CASEWORK Power Point Presentation - pointers
PurpoaiveCommunication for students 02.pptx

Project management an overview

  • 1. PROJECT MANAGEMENT – A SATELLITE MISSION M.V.Kannan Planet Aerospace 1 M. V. Kannan (Former ISRO Scientist) Director, Business Adviser Email: indukan@yahoo.com Contact:+91 9740317133 / 9886029133 14th October 2017
  • 2. PROJECT MANAGEMENT – AN INSIGHT M.V.Kannan Planet Aerospace 2 “Project” is an Unique, well defined effort to accomplish a specified task with certain specified result at a particular point of time.
  • 3. PROJECT MANAGEMENT – AN INSIGHT M.V.Kannan Planet Aerospace 3 Characteristics of a Project !  Projects are unique  Projects are temporary in nature and have a definite beginning and end date  Projects are completed when project goals are achieved  A successful project is one that meets or exceeds the expectations of stake holders
  • 4. M.V.Kannan Planet Aerospace 4 Project Management is defined as a set of • Principles • Practices and Methods • Procedures and techniques needed for planning and execution of an object oriented task, for establishing a sound basis for organising , scheduling, controlling and managing the project. PROJECT MANAGEMENT – AN INSIGHT
  • 6. M.V.Kannan Planet Aerospace 6 Planning – “What” - What does this involve? Mission objective , Payload definition, Subsystem Design, Technology developments, Budget planning, Resource planning - project report Directing - “ Who” - Who should direct the project tasks and activities? Identification of project team, Budget & resource allocation , special Review committees PROJECT MANAGEMENT APPROACH
  • 7. M.V.Kannan Planet Aerospace 7 Scheduling – “ When ” - When the work activities/tasks need to be done? Project duration, Work breakdown structure,, subsystem level schedules, Project level schedules Controlling - “How” - How to monitor and measure the performance of the project? Review mechanisms, status reviews, special reviews, Review by Top Management SATELLITE PROJECT MANAGEMENT APPROACH
  • 8. M.V.Kannan Planet Aerospace 8 MATRIX MANAGEMENT – SIMPLE EXAMPLE Organisation Structure Team- Typical
  • 9. M.V.Kannan Planet Aerospace 9 MAIN FRAME AIT QA MISSION PAYLOAD POWER TTC - BB TTC - RF STRUCTURE THERMAL MECHANISM AOCS AOCE SENSORS ACTUATORS PROPULSION WHEELS / TORQUERS SPACECRAFT COMMUNICATION REMOTE SENSING SCIENTIFIC MANNED MISSION NAVIGATION SPACECRAFT ELEMENTS
  • 10. M.V.Kannan Planet Aerospace 10 PLANNING EXECUTION COMPLETION Concept & Design Fabrication & Testing Assembly & Testing Pre & Post Launch 20% 30% 40% 10% BDR PSR PDR DDR CDR MAJOR MILE STONES BDR : Baseline Design Review PDR : Preliminary Design Review DDR : Detailed Design Review CDR : Critical Design Review PSR : Pre-shipment Review T1 Months T2 Months T3 Months T4 Months SATELLITE PROJECT LIFE CYCLE – TYPICAL
  • 11. M.V.Kannan Planet Aerospace 11  DETAILED ASPECT OF PLANNING  ITERATIVE PROCESS TO ENHANCE THE PLAN  STEPS INVOLVED:  Time Estimates  Identifying dependencies  Constructing dependence network  Assigning responsibilities  Allocating Resources  GANTT CHART – PERT/ CPM  Schedule Plans– Various Levels SCHEDULING
  • 12. M.V.Kannan Planet Aerospace 12 GANTT CHART (Bar Chart) NETWORK DIAGRAMS Task Date Activity-1 4/25 Activity-2 5/15 PROJECT SCHEDULING PLANNING TOOLS
  • 15. M.V.Kannan Planet Aerospace 15 Activity networks – Diagram Symbols 12 6 21 9 Event No Slack Latest TimeEarliest Time X Y X Y Z X Y Z Event ( Situation which occurs on completion of a Job or Jobs ) Job X must be completed before Job Y can start Job X & Y must be completed before Job Z can start Z is a dummy activity, it is represented by dotted line. It does not require resources or completion time.
  • 16. M.V.Kannan Planet Aerospace 16 STEPS in CPM & PERT Project Planning 1. Identify the specific activities 2. Determine the proper sequence of activities 3. Construct /Draw the network diagram 4. Estimate the time required for each activity 5. Identify the critical path ( Longest path through the network) 6. Update CPM/PERT Chart as the project in progress
  • 17. M.V.Kannan Planet Aerospace 17 PERT - ACTIVITY TIME ESTIMATE For each activity – Three time estimates Optimistic time : Generally the shortest time in which the activity can be completed Most likely time : The completion time having the highest probability Pessimistic time : The longest time that an activity may require Expected time of each activity =(optimistic+4 x most likely +Pessimistic)/6
  • 18. M.V.Kannan Planet Aerospace 18 ACTIVITY NET WORK - PERT CHART-TYPICAL
  • 19. 19 M.V.Kannan Planet Aerospace CRITICAL PATH (Activity oriented) • The Critical Path method is used to determine what the shortest time is to complete the project, or a phase of the project. • The method analyzes every possible sequence of tasks based upon the network diagram to determine which sequence is the longest. • This sequence is called the critical path because it sets the minimum time in which the project can be completed.
  • 20. M.V.Kannan Planet Aerospace 20 IDENTIFICATION OF CRITICAL PATH Determine the four parameters for each activity ES: Earliest start time: EF : Earliest Finish time: LS : Latest start time LF: Latest Finish time: Slack= (ES-LS) or (EF-LF) . The critical path then is the path through the network in which none of the activities have slack
  • 21. M.V.Kannan Planet Aerospace 21 TYPICAL NET WORK - MODEL 1 2 3 4 5 6 E [14, 17] 3 [22 , 25]A [ 0, 3] 3 [19, 22] G [ 25, 35] [25, 35] B [ 0, 14] 14 [0 , 14] D [ 14, 21] 7 [ 14, 21] F [ 21, 25] 4 [ 21, 25] CRITICAL PATH JOB NAME [ ES , EF ] DURATION [ LS , LF ] KEY C [ 14, 14] 0 [ 22, 22]
  • 22. M.V.Kannan Planet Aerospace 22 PROJECT COSTING Direct Costs Indirect Costs Which are directly associated with project activities (Bill of materials, equipment / tools, Fabrication, salaries ,travel, outsourcing of jobs etc. ) Overhead costs (not directly associated with specific project activities – like office space, administrative expenses, taxes etc.)
  • 23. M.V.Kannan Planet Aerospace 23 PROJECT SCHEDULE ANALYSIS TECHNIQUES  CRITICAL PATH  PERT  CRITICAL CHAIN Details-CC
  • 24. M.V.Kannan Planet Aerospace 24 Integrated monitoring of schedule and cost SV = (EV-PV) -ve: behind schedule +ve : Ahead of schedule SV % = 100* (SV/PV) CV= (EV-AC) -ve: over budget +ve : und budget CV % = 100* (CV/EV) EAC – Estimation cost at completion (Revision) EAC= AC/PC where PC is Percentage completion
  • 25. M.V.Kannan Planet Aerospace 25 PROJECT MANAGEMENT SOFTWARE Microsoft Project is a project management software program developed and sold by Microsoft Designed to assist project managers in developing plans, assigning resources to tasks, tracking progress, managing budgets and analyzing workloads The application creates critical path schedules, and critical chain which can be visualized in a Gantt chart.
  • 26. M.V.Kannan Planet Aerospace 26 “Planning without action is futile, action without planning is fatal.” — Cornelius Fitchner PMP
  • 27. M.V.Kannan Planet Aerospace 27 Project Lead Project Managers Mechanical Systems POWER SYSTEMS TTC (BB & RF) Communication Systems Controls Systems Sensors systems Payload systems AIT QA Mission Project Management Office Review Board Matrix Management
  • 28. M.V.Kannan Planet Aerospace 28 CRITICAL CHAIN : (1997 Eliyahu.M.Goldartt) Longest Chain of the tasks that consider both task dependencies and resource dependencies . Critical chain recognises that a delay in resource availability can delay a schedule just as a delay in dependent tasks Theory of constraints based “ Any system must have constraint .Otherwise its output would increase without bound or go to zero” Relay race approach : As fast as possible Buffer Management aproach Example
  • 29. M.V.Kannan Planet Aerospace 29 CRITICAL CHAIN : (1997 Eliyahu.M.Goldartt) The resource for each activity placed by the side of each activity In CPM- RED color indicates critical path (project takes 65 days for completion) In Critical Chain ,each task duration reduced by 50%. Feeding buffer seen introduced where non critical chain activities intersect critical chain path. Project buffer introduced at the end of project. Project duration has come down by 10 days (15%) Back

Editor's Notes

  • #25: An integrated project management system based on the earned value concept that uses a time phased budget base line to compare actual and planned schedule,cost EVA aids to get a pulse of the status of project
  • #27: Note: An activity is a sub-set of process. For example, new business process in Insurance industry can comprise of activities such as Application Data Entry, Underwriting, and Policy Issuance. Activity-Something you do CPM is a deterministic model – does not take in to account variation in completion time –Hence only one number is used for an activity time estimate. Time required to complete activity can be estimated using past experience or the estimate of knowledgeable persons. CPM was developed for complex but fairly routine projects with minimal uncertainty in project completion time- Hence this limits usefulness of deterministic CPM Model
  • #28: Note: An activity is a sub-set of process. For example, new business process in Insurance industry can comprise of activities such as Application Data Entry, Underwriting, and Policy Issuance. Activity-Something you do CPM is a deterministic model – does not take in to account variation in completion time –Hence only one number is used for an activity time estimate. Time required to complete activity can be estimated using past experience or the estimate of knowledgeable persons. CPM was developed for complex but fairly routine projects with minimal uncertainty in project completion time- Hence this limits usefulness of deterministic CPM Model
  • #30: Project buffer : Protects critical chain over runs. It is placed at the end of the project after the last critical chain task Feeding Buffer : Project buffer Protects critical chain over runs. However,the critical chain is exposed to over runs from non critical chain task that link to the critical chain.Here the feeding buffer ,placed at the point where the feeding chain (non critical activities) intersects with the critical chain, protects the critical chain from the over runs of the non critical chain tasks.