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A Gantt chart is a type of bar chart, that illustrates a project schedule. Design structure matrix is a simple, compact and visual representation of a system or project in the form of a matrix. It is the equivalent of an adjacency matrix in graph theory, and is used in project management to model the structure of complex systems or processes ...
Once this step is complete, one can draw a Gantt chart or a network diagram. A Gantt chart created using Microsoft Project. Note (1) the critical path is in red, (2) the slack is the black lines connected to non-critical activities, (3) since Saturday and Sunday are not work days and are excluded from the schedule, some bars on the Gantt chart ...
PERT network chart for a seven-month project with five milestones (10 through 50) and six activities (A through F). The program evaluation and review technique ( PERT ) is a statistical tool used in project management , which was designed to analyze and represent the tasks involved in completing a given project .
Milestones are tools used in project management to mark specific points along a project timeline. Project charter is a statement of the scope, objectives, and participants in a project. Project Management Simulators – are computer-based tools used in project management training programs. Usually, project management simulation is a group exercise.
Analyzing progress compared to the baseline schedule is known as earned value management. [5] The inputs of the project planning phase 2 include the project charter and the concept proposal. The outputs of the project planning phase include the project requirements, the project schedule, and the project management plan. [6]
Graphical Evaluation and Review Technique (GERT) is a network analysis technique used in project management that allows probabilistic treatment both network logic and estimation of activity duration. The technique was first described in 1966 by Dr. Alan B. Pritsker of Purdue University and WW Happ.
During the course of the project, the probability and time of the events can be recalculated based on actual data. The main reason for performance tracking is forecasting an activity's duration and cost if an activity is partially completed and certain events are assigned to the activity.
Earned value management (EVM) is a project management technique for measuring project progress in an objective manner, with a combination of measuring scope, schedule, and cost in a single integrated system. Enterprise modeling is the process of understanding an enterprise business and improving its performance through creation of enterprise ...
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