A lively discussion is under way at Sunrise Software, where you are a project manager. The main question is whether the person-days concept has limitations. In other words, if a task will require 100 person-days, does it matter whether two people in 50 days, five people in 20 days, 10 people in 10 days, or some other combination that adds up to 100 performs the work? Programmers Paula and Ethan seem to think it does not matter. On the other hand, Hector, a systems analyst, says it is ridiculous to think that any combination would work. To support his point, he offers this extreme example: Could 100 people accomplish a task estimated at 100 person-days in one day? Is Hector correct? If so, what are the limits in the “people versus days” equation? Taking the concept a step further, is there an optimum number of people to be assigned to a task? If so, how would that number be determined? You need to offer some guidance at the next project team meeting. What will you say?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
A lively discussion is under way at Sunrise Software, where you are a project manager. The
main question is whether the person-days concept has limitations. In other words, if a task will
require 100 person-days, does it matter whether two people in 50 days, five people in 20 days,
10 people in 10 days, or some other combination that adds up to 100 performs the work?
Programmers Paula and Ethan seem to think it does not matter. On the other hand,
Hector, a systems analyst, says it is ridiculous to think that any combination would work. To
support his point, he offers this extreme example: Could 100 people accomplish a task estimated
at 100 person-days in one day?
Is Hector correct? If so, what are the limits in the “people versus days” equation? Taking
the concept a step further, is there an optimum number of people to be assigned to a task?
If so, how would that number be determined? You need to offer some guidance at the next
project team meeting. What will you say?
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