24 Jul Discussion Questions 2, 3, 5 Chapter 10: Additional Study Note
Discussion Questions 2, 3, 5 Chapter 10: Additional Study Notes(Excerpts from the original Pinto PowerPoint Presentations)Gantt Charts Establish a time-phased network Can be used as a tracking tool Benefits of Gantt charts Easy to create and comprehend Identify the schedule baseline network Allow for updating and control Identify resource needsCrashing The process of accelerating a project Principal methods for crashing Improving existing resources’ productivity Changing work methods Increasing the quantity of resourcesManagerial Considerations Determine activity fixed and variable costs The crash point is the fully expedited activity Optimize time-cost tradeoffs Shorten activities on the critical path Cease crashing when – the target completion time is reached – the crashing cost exceeds the penalty costControversies in the Use of Networks Networks can be too complex Poor network construction creates problems v Networks may be used inappropriately When employing subcontractors – The master network must be available to them – All sub-networks must use common methods Positive bias exists in PERT networksChapter 10: Additional Study Notes(Excerpts from the original Pinto PowerPoint Presentations)Gantt Charts Establish a time-phased network Can be used as a tracking tool Benefits of Gantt charts Easy to create and comprehend Identify the schedule baseline network Allow for updating and control Identify resource needsCrashing The process of accelerating a project Principal methods for crashing Improving existing resources’ productivity Changing work methods Increasing the quantity of resourcesManagerial Considerations Determine activity fixed and variable costs The crash point is the fully expedited activity Optimize time-cost tradeoffs Shorten activities on the critical path Cease crashing when – the target completion time is reached – the crashing cost exceeds the penalty costDiscussion Questions 2, 3, 5 (from the textbook)Questions:Question- The advantage of Gantt chart lies in their linkage through the project schedule baseline. Explain this concept.Question – What are the advantages in the use of Ganett charts over PERT diagrams? In what ways might PERT diagrams be advantageous?Question -Under what circumstances might you wish to crash a project? Controversies in the Use of Networks Networks can be too complex Poor network construction creates problems v Networks may be used inappropriately When employing subcontractors – The master network must be available to them – All sub-networks must use common methods Positive bias exists in PERT networks
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