XI- ADVANTAGES SCHEDULING PROCESS

Slides:



Advertisements
Similar presentations
Chapter 7 Managing Risk.
Advertisements

Flood Risk Analysis – the USACE Approach
IX- CONSTRUCTION PLANNING
X- FUNDAMENTAL SCHEDULING PROJESS
Resource Management §A resource can be a logical, such as a shared file, or physical, such as a CPU (a node of the distributed system). One of the functions.
INTRODUCTION TO MODELING
Chapter 1 Introduction to Modeling DECISION MODELING WITH MICROSOFT EXCEL Copyright 2001 Prentice Hall.
1 1 Slide © 2001 South-Western College Publishing/Thomson Learning Anderson Sweeney Williams Anderson Sweeney Williams Slides Prepared by JOHN LOUCKS QUANTITATIVE.
Terminology Project: Combination of activities that have to be carried out in a certain order Activity: Anything that uses up time and resources CPM: „Critical.
1 Topics to cover in 2 nd part ( to p2). 2 Chapter 8 - Project Management Chapter Topics ( to p3)
1 1 Slide © 2004 Thomson/South-Western Chapter 12 Project Scheduling: PERT/CPM n Project Scheduling with Known Activity Times n Project Scheduling with.
Chapter 1 Introduction to Modeling DECISION MODELING WITH MICROSOFT EXCEL Copyright 2001 Prentice Hall Publishers and Ardith E. Baker.
OPSM 639, C. Akkan1 Defining Risk Risk is –the undesirable events, their chances of occurring and their consequences. Some risk can be identified before.
CHAPTER 4 MANAGING PROJECT PROCESSES. THE CONCEPT A project is an interrelated set of activities that has a definite starting and ending point and that.
Copyright © 2014 McGraw-Hill Higher Education. All rights reserved. CHAPTER 15 Supplement Advanced Methods for Project Scheduling McGraw-Hill/Irwin.
All Hands Meeting, 2006 Title: Grid Workflow Scheduling in WOSE (Workflow Optimisation Services for e- Science Applications) Authors: Yash Patel, Andrew.
Project Management Techniques.
Improving the versatility of D.C.F. models by simple computer applications.
Project Time Management
Lean Six Sigma: Process Improvement Tools and Techniques Donna C. Summers © 2011 Pearson Higher Education, Upper Saddle River, NJ All Rights Reserved.
CEM 514 Modeling of Construction Operations The LP/IP hybrid method for construction time-cost trade-off analysis By Samir Abdallah Sulaiman.
Designing Marketing Channels
FUNDAMENTALS OF PROJECT MANAGEMENT. Need of Project Management Projects worth billions of rupees undertaken every year. Effective management has bearing.
Chapter 7 ©2001 South-Western College Publishing Pamela S. Lewis Stephen H. Goodman Patricia M. Fandt Slides Prepared by Bruce R. Barringer University.
Managing Risk. Objectives  To Describe Risk Management concepts and techniques  To calculate and analyze a project using Probability of completion 
Real-World Project Management Chapter 13. Characteristics of Project Management Unique one-time focus –Difficulties arise from originality Subject to.
Irwin/McGraw-Hill 1 Market Risk Chapter 10 Financial Institutions Management, 3/e By Anthony Saunders.
©2003 McGraw-Hill Companies Inc. All rights reserved Slides by Kenneth StantonMcGraw Hill / Irwin Chapter Market Risk.
Research Methodology.
Some Background Assumptions Markowitz Portfolio Theory
PARAMETRIC STATISTICAL INFERENCE
Decision Making Under Uncertainty and Risk 1 By Isuru Manawadu B.Sc in Accounting Sp. (USJP), ACA, AFM
“WHY ARE PROJECTS ALWAYS LATE?” (“and what can the Project Manager DO about that?) Craig Henderson, MBA, PMP ARVEST Bank Operations.
1 Chapter 7 Applying Simulation to Decision Problems.
Project Management (專案管理)
Project Life Cycle.
AMERICA’S ARMY: THE STRENGTH OF THE NATION Mort Anvari 1 Cost Risk and Uncertainty Analysis MORS Special Meeting | September.
Investment Analysis and Portfolio Management First Canadian Edition By Reilly, Brown, Hedges, Chang 6.
MGS3100_01.ppt/Aug 25, 2015/Page 1 Georgia State University - Confidential MGS 3100 Business Analysis Introduction - Why Business Analysis Aug 25 and 26,
9-1 Chapter 9 Project Scheduling Chapter 9 Project Scheduling McGraw-Hill/Irwin Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved.
Simulation is the process of studying the behavior of a real system by using a model that replicates the behavior of the system under different scenarios.
VMcG 2/11/02 Critical Chain as an Extension to CPM Vincent McGevna, PMP February 11, 2002
8-1 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Project Management Chapter 8.
Project Estimation techniques Estimation of various project parameters is a basic project planning activity. The important project parameters that are.
1 3. M ODELING U NCERTAINTY IN C ONSTRUCTION Objective: To develop an understanding of the impact of uncertainty on the performance of a project, and to.
8-1 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Project Management Chapter 8.
Change management control Sources of Change  Project scope changes  Implementation of contingency plans  Improvement changes ISE Ch. 6 1.
Unit – III Session No. 26 Topic: Optimization
1 1 Slide Simulation Professor Ahmadi. 2 2 Slide Simulation Chapter Outline n Computer Simulation n Simulation Modeling n Random Variables and Pseudo-Random.
Chapter 12 Risk and Refinements on CB © 2012 Pearson Prentice Hall. All rights reserved
1 1 Slide © 2004 Thomson/South-Western Simulation n Simulation is one of the most frequently employed management science techniques. n It is typically.
 Delay in project implementation invariably results in cost- overrun.  Delayed project implementation means delay in getting return on investments made.
PowerPoint Presentation to Accompany Management, 8/e John R. Schermerhorn, Jr. Prepared by: Jim LoPresti University of Colorado, Boulder Published by:
MAT 4830 Mathematical Modeling 04 Monte Carlo Integrations
Orlando Critical Chain as an Extension to C P M Orlando A. Moreno, PMP February,
Project Planning & Scheduling What is a “project”? Objectives and tradeoffs Planning and Control in Projects Scheduling Methods Constant-Time Networks.
DARSHANA RAGHU MANAGEMENT. Risk Management Risk management is the identification, assessment, and prioritization of risks followed by coordinated and.
Develop Schedule is the Process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule.
Project Management Chapter Topics
Project Planning & Scheduling
Basic Project Scheduling
Chapter 11: Project Risk Management
Project Planning & Scheduling
Basic Project Scheduling
2nd Task of Your Project „All you have to decide, is what to do with the time that is given to you.“ J.R.R. Tollkin Prof. Dr. Christian Bleis 1 Interaktionskompetenz.
Cost Estimation Chapter 5
Construction Projects
Where We Are Now. Where We Are Now Rationale for Reducing Project Duration Time Is Money: Cost-Time Tradeoffs Reducing the time of a critical activity.
Where We Are Now. Where We Are Now Rationale for Reducing Project Duration Time Is Money: Cost-Time Tradeoffs Reducing the time of a critical activity.
Presentation transcript:

XI- ADVANTAGES SCHEDULING PROCESS Use of Advanced Scheduling Techniques Scheduling with Uncertain Durations Calculations for Monte Carlo Schedule Simulation Crashing and Time/Cost Tradeoffs Scheduling in Poorly Structured Problems Improving the Scheduling Process

11.1 Use of Advantaged Scheduling Techniques scheduling in the face of uncertain estimates on activity durations, integrated planning of scheduling and resource allocation, scheduling in unstructured or poorly formulated circumstances.

11.2 Scheduling with Uncertain Durations During the preliminary planning stages for a project, the uncertainty in activity durations is particularly large since the scope and obstacles to the project are still undefined. Activities that are outside of the control of the owner are likely to be more uncertain. Two simple approaches to dealing with the uncertainty in activity durations warrant some discussion before introducing more formal scheduling procedures to deal with uncertainty. First, the uncertainty in activity durations may simply be ignored and scheduling done using the expected or most likely time duration for each activity

11.2 Scheduling with Uncertain Durations A second simple approach to incorporation uncertainty also deserves mention. Many managers recognize that the use of expected durations may result in overly optimistic schedules, so they include a contingency allowance in their estimate of activity durations.

11.3 Calculations for Monte Carlo SchedulemSimulation The various steps involved in forming a network plan and estimating the characteristics of the probability distributions for the various activities have been completed. Given a plan and the activity duration distributions, the heart of the Monte Carlo simulation procedure is the derivation of a realization or synthetic outcome of the relevant activity durations. Once these realizations are generated, standard scheduling techniques can be applied.

11.4 Crashing and Time/Cost Tradeoffs Activity durations can often vary depending upon the type and amount of resources that are applied. Assigning more workers to a particular activity will normally result in a shorter duration. Greater speed may result in higher costs and lower quality, however.

11.4 Crashing and Time/Cost Tradeoffs A simple representation of the possible relationship between the duration of an activity and its direct costs appears in Figure Considering only this activity in isolation and without reference to the project completion deadline, a manager would undoubtedly choose a duration which implies minimum direct cost, represented by Dij and Cij in the figure

11.5 Scheduling in Poorly Structured Problems The previous discussion of activity scheduling suggested that the general structure of the construction plan was known in advance. With previously defined activities, relationships among activities, and required resources, the scheduling problem could be represented as a mathematical optimization problem. Even in the case in which durations are uncertain, we assumed that the underlying probability distribution of durations is known and applied analytical techniques to investigate schedules. Two important problems must be borne in mind in applying a "generate-and-test" strategy. First, the number of possible plans and schedules is enormous, so considerable insight to the problem must be used in generating reasonable alternatives. Secondly, evaluating alternatives also may involve considerable effort and judgment. As a result, the number of actual cycles of alternative testing that can be accomadated is limited.

11.6 Improving the Scheduling Process The importance of scheduling in insuring the effective coordination of work and the attainment of project deadlines is indisputable. For large projects with many parties involved, the use of formal schedules is indispensable. The network model for representing project activities has been provided as an important conceptual and computational framework for planning and scheduling. Networks not only communicate the basic precedence relationships between activities, they also form the basis for most scheduling computations.