1. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry Project Management

2. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry  Project Activity 1 Activity 2 Activity 3 Activity 4 Activity 6 Activity 7 Activity 5

3. Project Management ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry Activity 1 Activity 2 Activity 3 Activity 4 Activity 6 Activity 7 Activity 5 Activity  Node NETWORK – graphical representation of the project

4. Project Management ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry Activity  Arc NETWORK – graphical representation of the project 1 3 2 4 5 6 1 3 4 6 5 8 2 2 6 7 ACT 1 ACT 11 ACT 2 ACT 3 ACT 4 ACT 5 ACT 6 ACT 7 ACT 8 ACT 9 ACT 10

5. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry  Event 1 2 3 Activity A Design a car Activity B Make a prototype Start point of A Finish point of A Start point of B Finish point of B Project Management

6. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry 1 2 3 Activity A Design a car Activity B Make a prototype Project Management Activity A immediately PRECEDES activity B Activity B immediately SUCCEEDS activity A

7. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry Project Management Activity A is the predecessor of Activity B and C 1 2 3 Activity A Design a car Activity B Make a prototype 4 Activity C Computer presentation

8. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry Project Management 1 2 3 4 Activity A Design a car Activity B Make a prototype Activity C Computer presentation 5 Activity E Prototype test Activity D Prototype presentation Dummy activity Activity E (Prototype test) follows Activity B Activity D (Prototype presentation) follows Activity B and C

9. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry Project Management - time Activity Requirements - money (cost) - machines - people - material

10. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry Project Management Phases of Project Management Network  Planning  Controlling  Scheduling Start and finish times for each activity Finish time of project Periodic progress reports

11. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry Project Management Methods Deterministic time Critical Path Method (CPM) Probabilistic time Program Evaluation Review Technique (PERT)

12. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry CPM Project Management

13. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry Project Management CPM  Finish time of the project  Start and finish times of each activity  A critical path consisting of critical activities  Non-critical activities and their possible delay

14. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry Project Management Example - Music DM, Inc.  Christmas compilation of Czech carols  11 activities: 1) Songs Selection 2) Mastering 3) Promotion Material Elaborating CPM

15. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry Project Management Example - Music DM, Inc.  11 activities: 4) Customers Analysis 5) Promotion Material Production 6) Make CD Copies 7) Customers Selection CPM

16. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry Project Management Example - Music DM, Inc.  11 activities: 8) Data to Printing House 9) Promotion Material to Printing House 10) Laser Print 11) Mailing CPM

17. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry Project Management Example - Music DM, Inc. Activity DescriptionDurationPredecessors A Songs Selection 15None BMastering8A C Promotion Material Elaborating 6A D Customers Analysis 7A E Promotion Material Production 4 C, D F Promotion Material to PH 5E G Customers Selection 3D CPM

18. ___________________________________________________________________________ Quantitative Methods of Management  Jan Fábry Project Management Example - Music DM, Inc. Activity DescriptionDurationPredecessors H Make CD Copies 12 B, D I Data to PH 3G J Laser Print 9 F, I KMailing8 H, J  All the envelopes have to be delivered until December 12  Objective: set the starting date of the project CPM