Project management : a life cycle approach
Kanda, Arun
Project management : a life cycle approach - New Delhi PHI Learning Pvt Ltd 2011 - xiii,226p.
Preface xiii 1.Project ManagementAn Overview 1-17 1.1 What is a Project?1 1.1.1 The Project Purpose or Objective Change Management 2 1.1.2 The Project Structure3 1.1.3 The Project Activities 4 1.2 Variety of Projects 5 1.3 Features of Projects 6 1.4 Life Cycle of a Project 7 1.4.1 Project Selection7 1.4.2 Project Planning11 1.4.3 Project Implementation13 1.4.4 Project Completion and Review14 1.5 Typical Problems in Managing Projects74 1.6 Human Problems in Project Management 14 1.7 Role of Computers in Project Management75 1.8 Summary and Conclusions75 Problems 17 2. Project Identification and Screening 18-32 2.1 Introduction 18 2.2 Expectations from a New Project 20 2.3 Project Identification 22 2.3.1 SWOT Analysis 22 2.4 Brainstorming for Idea Generation 24 2.5 Screening of Ideas 26 2.6 An Illustrative Case Study27 2.7 Summary and Conclusions 31 Problems 31 3. Project Appraisal 33-49 3.1 Introduction33 3.2 Market Appraisal 33 3.2.1 Subjective or Intuitive Methods 35 3.2.2 Averaging of Past Data 38 3.2.3 Regression Models over Past Data 40 3.2.4 Causal or Econometric Models 41 3.3 Technical Appraisal of a Project 42 3.4 Financial Appraisal of Projects 42 3.4.1 Financial Criteria of Interest 43 3.4.2 Criteria for Debt Repayment 43 3.5 A Sample Project 43 3.6 Summary and Conclusions 47 Problems47 4. Project Selection with Multiple Criteria 50-67 4.1 Introduction50 4.2 Project Shortlisting and the Notion of Dominance 52 4.3 Non-dominated Solutions (Pareto-Optimal Set) 53 4.3.1 Preferred Solution 54 4.4 The Decision Matrix 55 4.5 Analytic Hierarchy Procedure (AHP) 56 4.6 Simple Additive Weighting (SAW) 62 4.7 Technique for Order Preference Using Similarity to Ideal Solution (TOPSIS)62 4.8 Summary and Conclusions64 Problems65 5. Project Representation and Preliminary Manipulations 68-82 5.1 Introduction 68 5.2 Project Representation as a Network 69 5.3 Role of Dummies in Developing Networks70 5.3.1 Three Types of Dummies in Projects71 5.4 Consistency in Project Networks72 5.4.1 Topological Ordering of Jobs73 5.4.2 Fulkerson's Numbering Rule for Node Numbering75 5.4.3 Matrix Multiplication Procedures for Adjacency Matrices75 5.5 Redundancy in Project Networks77 5.6 Summary and Conclusions78 Problems79 6. Basic Scheduling Concepts 83-112 6.1 Introduction 83 6.2 Deterministic Project Scheduling 85 6.3 Critical Path Determination by Enumeration86 6.4 Event Oriented Algorithms for A-O-A Networks 87 6.5 Activity Oriented Algorithms for A-O-N Networks90 6.6 Floats and Their Significance 91 6.7 Scheduling with Uncertain Activity Times92 6.8 An Evaluation of PERT96 6.9 Project Simulation98 6.9.1 Basic Simulation Approach98 6.9.2 Monte Carlo Sampling98 6.9.3 Random Numbers99 6.9.4 Sample Project100 6.10Issues in Project Simulation102 6.10.1Number of Simulation Runs104 6.10.2 Estimation of Project Variance104 6.10.3 Estimation of Project Mean Duration105 6.10.4 Evaluation of Criticality Indices706 6.10.5 Impact of Precision and Confidence on Simulation Runs106 6.10.6 Means to Reduce Computational Effort107 6.11Summary and Conclusions107 Problems108 1. Resource Considerations in Project Management 113-160 7.1 Introduction113 7.2 Resource Aggregation (Development of Daily or Cumulative Resource Usage)116 7.3 Time-Cost Trade-offs for Consumable Resources119 7.3.1 A Heuristic Solution Procedure for Linear Time-Cost Trade-offs 124 7.3.2 Mathematical Formulation of the Project Crashing Problem 729 7.3.3 Fulkerson's Flow Procedure757 7.4 Resource Levelling142 7.5 Limited Resource Allocation144 7.6 Managing a List of Independent Tasks146 7.6.1 Problem Statement146 7.6.2 Development of Solution Procedure146 7.6.3 Algorithm 1 for Resource Levelling147 7.6.4 Algorithm 2 for Limited Resource Allocation Problem147 7.6.5 Sample Problem 148 7.7 Mathematical Programming Formulations757 7.7.1 Task Splitting Not Allowed 757 7.7.2 Task Splitting Permitted156 7.8 Summary and Conclusions756 Problems157 8. Project Monitoring and Control 161-175 8.1 Introduction7<57 8.2 Project Monitoring and Control Using PERT/Cost767 8.2.1 The Early Start vis-a-vis the Late Start Schedule163 8.2.2 The Earned Value Approach to Project Monitoring765 8.3 The Critical Chain Framework of Goldratt767 8.3.1 Aggressive Time Estimates for Activities76 8.3.2 Inadequacy of Early and Late Start Schedules168 8.3.3 Various Buffers for Project Monitoring 170 8.3.4 How to Measure Project Progress? 777 8.4 Summary and Conclusions772 Problems173 9. Computers, e-Markets and Their Role in Project Management 176-190 9.1 Introduction776 9.2 The Growing Use of Computers in Project Management 777 9.3 Software Packages180 9.3.1 When is a Computer Needed?181 9.3.2 Comparative Features of Software Packages7 #7 9.3.3 Trends in Project Software and Commercial Availability 182 9.3.4 Features to Check in Project Software182 9.4 Networking in Organizations184 9.4.1 Networking Technology7S5 9.5 Getting to the Customer 186 9.5.1 Marketing 186 9.5.2 Advertising 187 9.5.3 Role of Computers and Networking in Online Project Monitoring 188 9.6 Summary and Conclusions188 Problems190 10.Behavioural and Contractual Issues 191-203 10.1 Getting Projects Done797 10.2 Importance of Contracts in Projects792 10.3 Teamwork in Project Management 79.? 10.4 Team vs. Group 794 10.5Attributes of a Good Project Team795 10.6Formation of Effective Teams797 10.7Stages of Team Formation198 10.7.1 Forming198 10.7.2 Storming799 10.7.3 Norming799 10.7.4 Performing 200 10.8Advantages of Participation 200 10.9The Role of Leadership 207 10.10 Summary and Conclusions 202 Problems 202 11. Project Organization, Implementation and Closure 204-215 11.1 Introduction 204 11.2 The Functional Organization 204 11.3 Pure Project Organization206 11.4 Matrix Organization 207 11.5 Various Issues in Project Implementation 208 11.6 Conflict Management in Projects270 11.7 Communication and Leadership Styles 277 11.8 Project Closure and Lessons for the Future 272 11.9 Summary and Conclusions 274 Problems 215 Bibliography 217-223 Index 225-226
8120341732
658.404 / KAN
Project management : a life cycle approach - New Delhi PHI Learning Pvt Ltd 2011 - xiii,226p.
Preface xiii 1.Project ManagementAn Overview 1-17 1.1 What is a Project?1 1.1.1 The Project Purpose or Objective Change Management 2 1.1.2 The Project Structure3 1.1.3 The Project Activities 4 1.2 Variety of Projects 5 1.3 Features of Projects 6 1.4 Life Cycle of a Project 7 1.4.1 Project Selection7 1.4.2 Project Planning11 1.4.3 Project Implementation13 1.4.4 Project Completion and Review14 1.5 Typical Problems in Managing Projects74 1.6 Human Problems in Project Management 14 1.7 Role of Computers in Project Management75 1.8 Summary and Conclusions75 Problems 17 2. Project Identification and Screening 18-32 2.1 Introduction 18 2.2 Expectations from a New Project 20 2.3 Project Identification 22 2.3.1 SWOT Analysis 22 2.4 Brainstorming for Idea Generation 24 2.5 Screening of Ideas 26 2.6 An Illustrative Case Study27 2.7 Summary and Conclusions 31 Problems 31 3. Project Appraisal 33-49 3.1 Introduction33 3.2 Market Appraisal 33 3.2.1 Subjective or Intuitive Methods 35 3.2.2 Averaging of Past Data 38 3.2.3 Regression Models over Past Data 40 3.2.4 Causal or Econometric Models 41 3.3 Technical Appraisal of a Project 42 3.4 Financial Appraisal of Projects 42 3.4.1 Financial Criteria of Interest 43 3.4.2 Criteria for Debt Repayment 43 3.5 A Sample Project 43 3.6 Summary and Conclusions 47 Problems47 4. Project Selection with Multiple Criteria 50-67 4.1 Introduction50 4.2 Project Shortlisting and the Notion of Dominance 52 4.3 Non-dominated Solutions (Pareto-Optimal Set) 53 4.3.1 Preferred Solution 54 4.4 The Decision Matrix 55 4.5 Analytic Hierarchy Procedure (AHP) 56 4.6 Simple Additive Weighting (SAW) 62 4.7 Technique for Order Preference Using Similarity to Ideal Solution (TOPSIS)62 4.8 Summary and Conclusions64 Problems65 5. Project Representation and Preliminary Manipulations 68-82 5.1 Introduction 68 5.2 Project Representation as a Network 69 5.3 Role of Dummies in Developing Networks70 5.3.1 Three Types of Dummies in Projects71 5.4 Consistency in Project Networks72 5.4.1 Topological Ordering of Jobs73 5.4.2 Fulkerson's Numbering Rule for Node Numbering75 5.4.3 Matrix Multiplication Procedures for Adjacency Matrices75 5.5 Redundancy in Project Networks77 5.6 Summary and Conclusions78 Problems79 6. Basic Scheduling Concepts 83-112 6.1 Introduction 83 6.2 Deterministic Project Scheduling 85 6.3 Critical Path Determination by Enumeration86 6.4 Event Oriented Algorithms for A-O-A Networks 87 6.5 Activity Oriented Algorithms for A-O-N Networks90 6.6 Floats and Their Significance 91 6.7 Scheduling with Uncertain Activity Times92 6.8 An Evaluation of PERT96 6.9 Project Simulation98 6.9.1 Basic Simulation Approach98 6.9.2 Monte Carlo Sampling98 6.9.3 Random Numbers99 6.9.4 Sample Project100 6.10Issues in Project Simulation102 6.10.1Number of Simulation Runs104 6.10.2 Estimation of Project Variance104 6.10.3 Estimation of Project Mean Duration105 6.10.4 Evaluation of Criticality Indices706 6.10.5 Impact of Precision and Confidence on Simulation Runs106 6.10.6 Means to Reduce Computational Effort107 6.11Summary and Conclusions107 Problems108 1. Resource Considerations in Project Management 113-160 7.1 Introduction113 7.2 Resource Aggregation (Development of Daily or Cumulative Resource Usage)116 7.3 Time-Cost Trade-offs for Consumable Resources119 7.3.1 A Heuristic Solution Procedure for Linear Time-Cost Trade-offs 124 7.3.2 Mathematical Formulation of the Project Crashing Problem 729 7.3.3 Fulkerson's Flow Procedure757 7.4 Resource Levelling142 7.5 Limited Resource Allocation144 7.6 Managing a List of Independent Tasks146 7.6.1 Problem Statement146 7.6.2 Development of Solution Procedure146 7.6.3 Algorithm 1 for Resource Levelling147 7.6.4 Algorithm 2 for Limited Resource Allocation Problem147 7.6.5 Sample Problem 148 7.7 Mathematical Programming Formulations757 7.7.1 Task Splitting Not Allowed 757 7.7.2 Task Splitting Permitted156 7.8 Summary and Conclusions756 Problems157 8. Project Monitoring and Control 161-175 8.1 Introduction7<57 8.2 Project Monitoring and Control Using PERT/Cost767 8.2.1 The Early Start vis-a-vis the Late Start Schedule163 8.2.2 The Earned Value Approach to Project Monitoring765 8.3 The Critical Chain Framework of Goldratt767 8.3.1 Aggressive Time Estimates for Activities76 8.3.2 Inadequacy of Early and Late Start Schedules168 8.3.3 Various Buffers for Project Monitoring 170 8.3.4 How to Measure Project Progress? 777 8.4 Summary and Conclusions772 Problems173 9. Computers, e-Markets and Their Role in Project Management 176-190 9.1 Introduction776 9.2 The Growing Use of Computers in Project Management 777 9.3 Software Packages180 9.3.1 When is a Computer Needed?181 9.3.2 Comparative Features of Software Packages7 #7 9.3.3 Trends in Project Software and Commercial Availability 182 9.3.4 Features to Check in Project Software182 9.4 Networking in Organizations184 9.4.1 Networking Technology7S5 9.5 Getting to the Customer 186 9.5.1 Marketing 186 9.5.2 Advertising 187 9.5.3 Role of Computers and Networking in Online Project Monitoring 188 9.6 Summary and Conclusions188 Problems190 10.Behavioural and Contractual Issues 191-203 10.1 Getting Projects Done797 10.2 Importance of Contracts in Projects792 10.3 Teamwork in Project Management 79.? 10.4 Team vs. Group 794 10.5Attributes of a Good Project Team795 10.6Formation of Effective Teams797 10.7Stages of Team Formation198 10.7.1 Forming198 10.7.2 Storming799 10.7.3 Norming799 10.7.4 Performing 200 10.8Advantages of Participation 200 10.9The Role of Leadership 207 10.10 Summary and Conclusions 202 Problems 202 11. Project Organization, Implementation and Closure 204-215 11.1 Introduction 204 11.2 The Functional Organization 204 11.3 Pure Project Organization206 11.4 Matrix Organization 207 11.5 Various Issues in Project Implementation 208 11.6 Conflict Management in Projects270 11.7 Communication and Leadership Styles 277 11.8 Project Closure and Lessons for the Future 272 11.9 Summary and Conclusions 274 Problems 215 Bibliography 217-223 Index 225-226
8120341732
658.404 / KAN