Bundle: Information Technology Project Management, Loose-leaf Version, 9th + Mindtap Mis, 1 Term (6 Months) Printed Access Card
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Chapter 6, Problem 5DQ

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Schedule development tools and concepts:

Gantt Charts:

  • A Gantt chart is a type of bar chart that is used for projects in which activities are plotted against the time schedule, from start date to end date of the given activity.
  • Terminal elements as well as summary elements comprise the Work Breakdown Structure (WBS) of the project.
  • Some Gantt charts can be used to represent the dependency relationships between activities.
  • Gantt charts can be used to show current schedule status using percent-complete shadings and a vertical "TODAY" line.

Critical Path Method (CPM):

  • Critical path is referred to as the longest path through the activity network, which enables completion of all project-related activities.
  • Based on the logic of workflow, there may be more than one Critical Path.
  • CPM is used in project management for identifying the activities of bottleneck and allocating resources accordingly.

PERT:

  • PERT stands for Program Evaluation and Review Technique.
  • A PERT chart is referred to as a project management tool that is used to schedule, organize, and coordinate tasks within a project.

Both PERT and CPM method consist of two major components in its networks...

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