Projects with planning can only be structured and managed. Structuring the projects from their commencement, and plan to process and to complete them within the timeline and costs is called successful project management. There are number of project management, planning, and structure techniques and methods. However, the actual project management tool is team development and precise cost management for the successful project accomplishment.
Project management methods:
There are three major project management, planning, and structure methods. However, each of the project management method pertain the same plans to peruse the project and make them accomplishable within timeline and within the costs. The three project management methods are firefly discussed hereunder:
Project evaluation and review technique (PERT): Project evaluation and review technique (PERT) denotes the meaning of project management tool. It is commonly used in evaluation of tasks in a project and to achieve the targets within the timeline. It is quite bigger level, and especially designed for the more complex. The more feasible projects to manage with (PERT) are heavy projects of U.S navy and other more technical projects. Hereinafter, the bottom line is this project management method has uniqueness in it, and developed especially for scientific management.
Critical path method (CPM): Critical path method (CPM) is also a very effective project management tool. This project modeling technique was developed in late 1950s by Morgan R. Walker of DuPont and James E. Kelley, Jr. of Remington Rand. The capital path method (CPM) covers all forms of projects that include defense, construction, aerospace and software development. Moreover, it is also useful in research projects, plant maintenance, product development, and engineering. Its wide range of project management and planning criteria has made it quite common among other project management tools.
Gantt chart: Gantt chart is the one that have most ancient history of project management and project evaluation. That type of chart was first introduced in late eighteenth century by Karol Adamiecki. And, then it was called harmonogram. However, in the start of nineteenth century Henry Gantt redesigned the chart and named it Gantt chart. This chart is commonly used for computer application and more specifically for web based applications. Therefore, Gantt chart project management and evaluation method is commonly used in information technology, software development and web development projects.
Team development a critical process in project management:
With the project management and evaluation tools, team development is also a quite critical to manage and accomplish the projects within its given timeline and the predetermined costs or on the standard costs. Team development process possesses great importance for the work process. Normally, team development process is based on three steps which are defined briefly under.
Formation of a team: Formation is first step of team development which organizes a group of people into a team. In that step human resource managers pick the best resources to build an outstanding team. The formation of team is first and essential step because it organizes a group of people and gives them chance to interact with each other and exchange their views.
Storming the team: In second step the team members identify their role and responsibilities as well as find the appropriate path to accomplish the set forth goals. Here the managers play critical role to defining the priorities and to properly arrange the individual’s strength for achievement of organizational goals.
Performing: Performing is the last step which places the team into real time working environment and dig up a realistic output. The managers are also participants in that stage to evaluate the performance of individual resource. This is the time to prove and expose the skills that have learned throughout the team development process and training (Robbins & Judge, 2007).
Costing core of project management:
Costing is major driver that roads the business on the success path. Therefore, an efficient costing system guarantees the success. Considering the costing system by its basis, the major element in the costing system is time. Therefore, as time consumed without any progress the cost will automatically consumed without any profit and it will eventually ends with loss.
Research prior to avoid ruin: A good research about business progress by applying costing techniques and methods can only guarantee success. It is matter of fact that most of the businesses could not be managed because of prior research about business fundamentals; therefore, they eventually been ruined.
Scope of work: Second most important element of costing that should be considered in costing is scope of work. Scope of work leads the duties and responsibilities of each team member in the stipulated time period. Moreover, scope of work is also a backbone to commence the work on project manageably.
Time management: Time is money. And costing depends on time management. By financial means a late work always affect the profits. In this respect the pre bid scenario is based on standard costing, however, the post bid scenario needs to work on the standard costing frame. Otherwise, it would be very hard to save profits and sometime it will go into loss in all respects. The more time waste will ultimately waste the profits. Then, variance analysis of standard and actual costing can give you the right picture that where your business stands. This happens just because of mismanagement of time which ultimately affects the profits and damages the image as well (Kelsey, 2006).
What are the advantages and disadvantages of each technique in project management?
Every technique i.e. PERT, CPM, Gantt, if it is a well managed and good structured then there are advantages. But, if there is a mismanaged technique applied to accomplish the project management. Then there would be disadvantages. Hereinafter, the techniques defined above are largely used and time tested techniques.
How do these techniques assist in monitoring and controlling the project activity?
The factors defined above preliminary research and technicalities, scope of work, time, cost, quality and risk. If these factors cannot be dealt in a good manner and in a right direction. It would be very hard to reduce the risk factor. However, the most major influencing factor to the project risk is time management. If not properly tacked there is high risk and if tackled smartly there are very low chances for risk. The projects of software development only needs time management, if you put the right human resource and given them the right resources. The only thing which stays behind is time management. A very great and technically sound team cannot produce the premium quality without time management.
Create a schedule for each major task required for the SuperDuper XXII Computer and Cell Change-out Project using a work breakdown structure (WBS). Select your approach for the project scheduling and construct the network.
The above work breakdown structure defines the critical path management. This type of computer related projects needs to breakdown the structure to achieve the best output from the efforts invested. This is the best and major part of any project and especially for computer related projects it actually defines the cost, benefit, and control analysis. Conclusion: At the end of treatise, it is better to restate the thesis that is, projects with planning can only be structured and managed. At the same time, with the comprehensive analysis of the topic and the practical approach towards the work scheduling and structuring the success. We can say the project management, planning and structure is core to accomplish a project.