Presented by AjaiGovind G (191065) AnkitaSehjpal (191076) Khem Singh Chauhan (191090)
Introduction Microsoft Project is a project management software program developed and sold by Microsoft Designed to assist project managers in developing plans, assigning resources to tasks, tracking progress, managing budgets and analyzing workloads. The application creates critical path schedules, and critical chain which can be visualized in a Gantt chart. Available currently in two editions, Standard and Professional. MS Project's proprietary file format is *.mpp.
Initially proposed by Microsoft's Manager of Product Development, Alan M. Boyd as an internal tool to help manage the huge number of software projects that were in development at any time inside the company.
The first commercial version of Project was released for DOS in 1984. Subsequent DOS versions: V2 (1985), V3 (1986) and V4 (1986)
Purpose List each task necessary to complete a project in the order they should be performed. Assign start and finish dates to tasks or let the program set them for you by you specifying the duration of the task. Display the tasks graphically over a time line to get an overall view of the project. Assign workers, contractors, and other resources to tasks and print their schedules. Compute the hours and cost necessary to complete a task or the entire project. Monitor a project’s progress and compare it to your original estimate. Analyze such items as cost, hours, slack time, resource allocation, etc. using tables and graphs
Purpose 1. Set up Project Defaults: Set working order. (Schedule from Start Date forward or Finish Date backwards) Set a start or finish date. Select/create the project calendar to use. (Controls working days and hours) 2. Enter tasks: In chronological order, enter the tasks necessary to complete the project. Set the task’s duration. When appropriate, set a task’s Start / Finish date. 3. Set Task Sequencing: Link tasks that must be completed sequentially. Do not link tasks that can be completed simultaneously. 4. Create a Resource List: Create a list of contractors, laborers, equipment rental, fees, etc. and their corresponding rates. Set working hours for each resource. 5. Assign Resources to Tasks 6. Analyze/Reevaluate/Adjust Project 7. Document Task Progress
Critical Path The sequence of activities which have no float or slack is called the critical path. Slack = Late Start – Early Start OR Late Finish - Early Finish i.e. A critical path is the sequence of project network activities which add up to the longest overall duration. This determines the shortest time possible to complete the project. Any delay of an activity on the critical path directly impacts the planned project completion date. A project can have several, parallel, near critical paths. An additional parallel path through the network with the total durations shorter than the critical path is called a sub-critical or non-critical path.
Time-Cost Trade-Offs: CRASHING When we say that an activity will take a certain number of days or weeks, what we really mean is this activity normally takes this many days or weeks. We could make it take less time, but to do so would cost more money. Crashing is a process of expediting project schedule by compressing the total project duration.
The key is to attain maximum decrease in schedule time with minimum cost.
More resources are needed to speed-up a part of a project
Depends on what slack is available in a non-critical activity
When not to CRASH The key to project crashing is attaining maximum reduction in schedule time with minimum cost. Quite simply, the time to stop crashing is when it no longer becomes cost effective. A simple guideline is:
Crash only activities that are critical.
Crash from the least expensive to most expensive.