Project 4 Final Report: Exercise of Pert Technology

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Project Four-­‐ Final Report Project Title -­‐ Exercise 3 Team Name -­‐ Group 25 Supervisor -­‐ Sandra Cowan

Project Manager -­‐Shengyan Zhang

Team Members

Hui Du Shuai Han Cheng Wei

John Ainsworth Dimitri Nestoroski

Khaled Mohammed Saifullah

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Table of Contents

Introduction        3

Report   Question        4

Conclusion        10

Team  Member  Performance   and  Grade        11

Summary  of  Activity        18

Introduction

During the previous week, the lecturer has taught about risk management. Not amount of planning can completely eliminate all risks, or give us the ability to control chance events. There are two crucial things in the project management phase, one is how to develop a project plan and other is risking management. A project network is a significant and reliable tool in the modern history of project management for planning, executing and managing the project. The work package tasks (work breakdown structure) are used to develop activities for networks and Activity-­‐On-­‐Node (AON) is a useful method that will be used in this project.

In the modern world which is more dynamic, makes huge number of different risk, and the project managers have to deal with this kind of thing (Larson et al.). And risk managing is the major concern of all project manager. So, learning how to merge the risk is significantly important for us.

Report Question

This project is an exercise of PERT technology, in other words, trying to solve the problem based on the PERT method.

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In this table, each activity has its ID, predecessor activity number, expected time and variance. We are expected to finish the network, find the critical path, figure out the time of project finish and total variance, and then calculate the possibility of the project be finished in 25 periods.

According to the given information, we used the relationships of each activity to:

• draw a network diagram
• calculate each specific path durations.

• find the critical path

So, the AON network diagram should be like :

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Explanation:

Term        Acronym        Formula

Late    finish        LF        LF = LS + DUR

Late    start        LS        LS = LF – DUR

As we all know that the critical path distance in each path there is the zero slack. So, the critical path is shown with the red arrow in the above network diagram.

Therefore, the expect project duration (TE ) is 28, the critical path is 1-­‐4-­‐6-­‐8.