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Project Management

In: Advanced Optimization and Operations Research

Author

Listed:
  • Asoke Kumar Bhunia

    (The University of Burdwan)

  • Laxminarayan Sahoo

    (Raniganj Girls’ College)

  • Ali Akbar Shaikh

    (The University of Burdwan)

Abstract

The objectives of this chapter are to: Discuss the importance of PERT and CPM techniques for project management. Distinguish between PERT and CPM network techniques. Discuss the different phases of any project and various activities to be done during these phases. Draw the network diagrams with single and three-time estimates of activities involved in a project. Determine the critical path and floats associated with non-critical activities and events along with the total project completion time. Determine the probability of completing a project within the scheduled time. Establish a time-cost trade-off for completion of a project.

Suggested Citation

  • Asoke Kumar Bhunia & Laxminarayan Sahoo & Ali Akbar Shaikh, 2019. "Project Management," Springer Optimization and Its Applications, in: Advanced Optimization and Operations Research, chapter 0, pages 367-402, Springer.
    • Handle: RePEc:spr:spochp:978-981-32-9967-2_14
    DOI: 10.1007/978-981-32-9967-2_14
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