Project Management(file one) Essay Example | Topics and Well Written Essays - 1000 words - 1

Project Management(file one) - Essay ExampleThe activity is determined by Mean = (o + 4m + p)/6. Its dissension will be given by activity (Variance) = ((p - o)/6)2. The value attained is the z-value which tolerate be related in the z-tables to give the probability of completing the project in time (Phillips, 2004).The CPM/ orthogonal technique were used alongside the base lines for cost, form and schedule variances. The assumption taken was that the duration of activities was accomplished with certainty. The realistic duration will make up to precisely as estimated (Oduwole, 2002). Nonetheless, in actual activities, this is unachievable and several projects entail variability in activity times owing to factors like lack of precedent experience, breakdown of equipment, erratic weather conditions. Besides, late supply of deliveries is an impediment. PERT compend is applicable when activity durations ar not known with precision. It constitutes three estimates of the activity dur ation as opposed to the single value analysis identified with CPMThe base line conditions for this report assessed and evaluated the situation of work considering the baseline and actual reporting. For instance, a aberration in the original budget is captured and observed in the percentage of work covered, the budget allocation and the substance of work remaining. This is a useful piece to learn from since the project manager weed read the variance with ease and try to correct any change in project scope (Oduwole, 2002). This is the significance of development project management techniques to monitor and evaluate work progress. Any work related delays will be easily identified and correction made by observing the cause of such changes (Heerkens, 2007). Similarly, the schedule can be monitored for deviation. The possible correction to schedule is to check on the capability of the manpower or work force (Cleland, & Ireland, 2006). If work is going slowly than expected, it may mean that