Critical Path Analysis INTRODUCTION: Planning, Scheduling and Controlling are three important functions of management. Planning involves the formulation of objectives and goals that are subsequently translated into Specific plans and projects. Scheduling is concerned about the implementation of activities necessary to achieve the laid down plans. The function of control is to institute a mechanism that can trigger a warning signal if actual performance is deviating (in terms of time, cost and some other measures of effectiveness) from the plan. If such a deviation is unacceptable to the concerned manager, he will be required to take corrective action to bring performance in conformity with the plans. The PERT and …show more content…
Breaking down the project into smaller components permits better and closer control. 2. Critical path analysis offers economical and effective system of control based on the principle of management by exception i.e. need for corrective action arises only in exceptional situations and in most of other cases, performance is in conformity with the plans. 3. It is a dynamic tool of management which calls for constant review, a reformulation of the network, and finding the current path of relevance and optimum resources allocation. FUNDAMENTALS OF A CPA NETWORK ( Activity An activity is any portion of a project which consumes time or resources and has a definable beginning and ending. For example, "laying of pipe" is an activity requiring the use of resource mainly effort. Activity may involve labour, paper work, contractual negotiations, machinery operations, etc. Commonly used terms synonymous with "activity" are "task" and "job". Figure 1 and 2 Activities are graphically represented by arrows, usually with description and time estimates written along the arrows. The tail of the arrow portraying an activity represents the starting point of the activity and its
3. What is (are) the critical path(s) in the project? What is the level of risk in completing tasks on the critical path(s)? Explain.
Rather activities in which people are actively engaged frequently involves stress, danger, exertion, sorrow, for example writing a book, climbing a mountain, training for a marathon and so on. Susan, further said, that doing these things, there is something good about the feeling of engagement; especially, it makes one feel typically without thinking about it such as been alive.
Activity diagrams are constructed from a limited number of shapes, connected with arrows. The most important shape types:
Planning is the foundation of all the functions of management upon which the other three areas should be built. During planning, management must evaluate the company’s current situation and then developing strategies to achieve these goals, this is called strategic planning.
Rather activities in which people are actively engaged frequently involves stress, danger, exertion, sorrow, for example writing a book, climbing a mountain, training for a marathon and so on. Susan, further said, that doing these things, there is something good about the feeling of engagement; especially, it makes one feel typically without thinking about it such as been alive.
What’s missing is the step by step process of how you run the activity and in what class. It would be beneficial to give a general sketch—I use this at this point in the class, I provide materials on-line, review in person, have working sessions in class, plan time to facilitate push back, etc. This doesn’t have to be long—two paragraphs, but I need to have a template as a user.
The third principle is mediation. The Activity Theory states that human activity is mediated by tools. Tools are created during the development of the activity itself and they carry a certain culture. Tool use influences the nature of external behavior and also the mental functioning of each person. The fourth principle is the hierarchical structure of activity. The hierarchy has three levels; activity, action, and operation. Figure 1. Below shows Leont’ev’s structure of human activity. Activities can be broken down into goal-directed actions that have to be undertaken in order to satisfy the object. Actions are conscious and happen automatically. The Activity Theory maintains the elements of the activity. The elements are not fixed but they can change as conditions change. The last principle is development. In Activity Theory, development is not only an object of study, it is also a research method. Research methods in AT is not comprised of actual lab experiments, but the experience of active participation and the monitoring of developmental changes of the study participants. All of the five principles should be looked at as a whole system, because they are associated with various aspects of the whole activity.
(Project definition: Planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations)
The four functions of management, planning, organizing, leading, and controlling, are very essential in building strong organizations and even stronger more effective teams. Planning, organizing, leading, and controlling are the functions of management. These function activities must be preformed by all managers regardless of their industry level, title, or the task they have at hand. These four management skill are used when ever a project or a task is at hand. Even in the field we are working in, many of us may have been using the four management functions and not noticed what they were, or we may have been a part of a team that was lead by the functions of management and not noticed what was
The four functions of a manager are planning, organizing, leading, and controlling. These are key elements that managers must understand to run a successful organization. I will view each concept as well as their roles to acknowledge how these functions have been related to my personal experience in the work environment. Behind the scenes of a manager, they spend an equal amount of time planning so that he or she can successfully achieve the leading and controlling functions. These functions are standard for any industry that is striving to maintain a strong organization. While reviewing this paper, try to think of the four functions as a method that is established to build on each other. The four functions must be performed efficiently, and when done correctly, an organization will reap the accomplishments from a well-defined plan. My own experiences of how the four functions operate illustrates that each role requires a manager to devote time and patience in order to ensure that the main principles are achieved.
Planning is considered to be a primary function of management. All organisations operate in a complex, dynamic and competitive business environment, and therefore, have to plan their actions without which they may not be able to survive.
Planning: A manager must be able to draw up a plan for future conditions, that will combine continuity, unity and also secure the achievement of future goals. According to Henri this is the hardest role of the 5 functions
activities are combined and arranged into a working plan for the desired period. The usefulness of
1. Planning – Planning involves mapping out exactly how to achieve a particular goal. This is the first component of management. A manager needs to determine what the organisations goals are and how to achieve them. Setting objectives for goals and following up on the execution of the plans are two critical components of planning