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Wednesday, May 6, 2020

Project Management Using the Critical Path Method Free Sample

Questions: 1.Would you Wish to be Involved and assigned to the Critical Path activity on a Project? If Yes give a reason.2.What are the Considerations for accepting an Assignment in Such a Circumstance? Answers: Brief Definition of critical path It depicts the series of continuous activities from beginning to completion of a project. It normally involves the longest period of all the paths in a network diagram representative of a project. It is chiefly a reflection of the time factor. 1.Yes, I would wish to be assigned to the critical path activity on a project. The method is flexible. This implies that I can adjust the critical paths of the project even when the project is in progress. The critical paths can change as one plans and compresses the project, and also as he/she implements and controls it (Padgett, 2009). For instance, I could compress the project from a duration of three months to two months. 2.Considerations The complete scope of activities (Padgett, 2009). I would consider the nature of activities in the project to ascertain their complexity or simplicity. Duration awarded to finish the project. I would be more inclined to accept a project whose implementation period is considerably shorter. This is because the shorter the period, the higher the chances of success and ease of execution. Availability of funds to settle activity-based costs and project-based costs, which include; materials, labor, contractor fees and project overhead among others (Padgett, 2009). This calls for proper budgeting to ensure there is no hiccup when the project is running. Project calendar is paramount (Kendrick, 2010). All fundamental dates significant to the project inclusive of the project kick-off date, any project hindrances, interim and end date plus any chief dates when the project colludes with other planned work need to be identified (Kendrick, 2010). A sound activities calendar is essential. References Clinton M. Padgett. (2009). The Project Success Method: A Proven Approach for Achieving Superior Project Performance in as little as 5 Days. Tom Kendrick. (2010). The Project Management Tool Kit: 100 Tips and Techniques for Getting the Job Done Right.

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