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Transcript

Rishab Gaba

UID 23165

UNIT V: Project Monitoring Techniques

To Do Exercise

1

If Activities 1-2, 2-3, 2-4, 2-5, 3-4, 4-5 and 5-6 have a normal duration of 13, 16, 19, 17, 18, 15, 13 days, normal cost is Rs 600, Rs 4400, Rs 1600, Rs 1200, Rs 4000, Rs 6000 and Rs 800 and crash duration of 12, 14, 15, 15, 14, 13 and 12 days and Crash cost is Rs 1000, Rs 6200, Rs 3800, Rs 6000, Rs 8000, Rs 7700, Rs 600 respectively. Find the Cost slope of all the activities

Milestone Technique

2

Milestone

A milestone anticipates what the project is supposed to achieve at a pre-set date.

It should describe a desired state of affairs, a desired future situation.

There are two important aspects to this.

  • First, the concept refers to a point in time, not a period of time.
  • Second, it looks forward to what we want to create, not how we create it.

Milestone List

  • milestone list is a project management document that identifies all project milestones.
  • The milestone list is generated by the project manager
  • it is useful for sequencing activities and it’s an input to building the schedule network diagram

Milestone Charts

Is a summary schedule that identifies the major schedule milestone in a chart

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Click to edit text

Milestone Reports

It’s a way of advising top management of the status of the project and should act as a spur to the project team to meet these guidelines

Milestone Slip Chart/trend charts

Graphical concise way of advising the status of the project

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Click to edit text

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Question

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Answer

Earned Value Method

3

It compares the SCHEDULED amount of work with what has actually been PERFORMED, to determine if COST, SCHEDULE, and WORK (SCOPE) ACCOMPLISHED are progressing as planned

4

Basic EVM-Terminology

Operational steps

5

Thank You

6

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