Project MAnagment Essay Example | Topics and Well Written Essays - 2000 words

offer MAnagment - Essay ExampleThis particular research takes into consideration the example of facial expression of a new kinsperson where the critical path can be determined such that delay in the completion of the essential swan can be avoided, thereby reflecting the benefits of the use of spirited in attention of a project. Acknowledgements tabular array of Contents resultant no(prenominal) Topic pageboy No. 1. Introduction 6 2. The Role of irreverent in put Management 7 2.1. Risk Factors in Projects and the Main Objective of PERT 7 3. Construction of New House Project Use of PERT 8 3.1. PERT Technique in the Construction of a New House 9 4. Conclusion 13 References 14 List of remands Serial No. Topic Page No. Table 1. The required tasks for construction of house 10 Table 2. Calculation of Earliest Start Times for all the activities of the project 12 List of Figures Serial No. Topic Page No. Figure 1. House Construction Network 9 Figure 2. PERT Diagram for the Const ruction of New House 11 List of Appendices Serial No. Topic Page No. Appendix A. PERT Diagram 15 1. Introduction PERT or Program evaluation and Review Technique is a technique for the management of any project work. ... The estimations of time durations apply by PERT are probabilistic in nature. Thus specific time durations are not used by the technique. Optimistic estimates are used for the estimations of the durations, while pessimistic estimates are used for the activities of the project (Schwalbe 2010). The management of project holds significant importance since in large organizations or for larger project works, the tasks and activities of the project proves to be highly complex and hence need expertise for its timely completion. It is for this reason that highly qualified project managers are hired for the management of projects. Such project managers are required to have the specific skills and competencies necessitate for the project to be undertaken (PM4DEV 2008). Examp les of different projects may include construction of houses, factories, shopping malls, development of military systems, construction of oil pipelines, and so on (Russell and Taylor 2006). The present study focuses on an understanding of how PERT is used in the management of a project considering the example of construction of a house. 2. The Role of PERT in Project Management Projects such as the building of houses involve several complex activities and task that need to be accomplished, the tasks that are interrelated with each other. Thus one of the major objectives before initiating the tasks of a project includes scheduling the individual activities depending on specific time, as well as resources. This needs to be done such that the total project can be completed within the planned time, with minimum cost macrocosm allocated (Sharma 2006). For the use of PERT in management of projects, a weighted average of the estimated duration for each employment of the project needs to be calculated which is done