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Project Management Described

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1. What is a WBS? Describe it's purpose. Discuss the benefits of using it.

2. What is a Gantt chart? What is the Critical Path and how is it used?

3. Create a simple task schedule network (MS Project is not required but preferred). (Minimum of 15 tasks.) The content is up to you. Minimum requirements are as follows: predecessor/successor relationships, duration, task description, start date, end date.

4. What are the Triple Contraints and why they are important to understand?

5. Describe the various ways a project may be terminated. Discuss the primary duties of the termination manager?

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Please find the solution of the Project Management related questions in the attached file. For project network schedule example requirement as asked in question 3, I have created a task schedule using MS Project Management software. For this, please refer to file <Project Launch of Training Center.mpp>.


Project Management

Answer 1
Work Breakdown Structure
Work breakdown structure breaks down the total time available for completing the project along with the segments of total project (Work Breakdown Structure, 2009). For example, total project can be divided into drawing stage, commissioning stage, and finally testing and handing over stage. Along with the stages of project, time is also broken down into parts of it (Brotherton, Fried & Norman, 2008). This helps in keeping an eye on the work schedule and also on the cost allocated for each stage. Hence, total project must be broken down into stages for adhering to the time schedule and keeping the project cost into allotted budget (Work Breakdown Structure, 2009).
Purpose of Work Breakdown Structure
The main aim behind using WBS is the breakage of the project into a logical series of small tasks, each of which is chosen for size and scope to fit it with the project management structure (Lewis, 2007). The WBS represents a hierarchy of systems. The main purpose behind developing this Work Breakdown Structure (WBS) for the project is to identify the major tasks to be completed and allocation of available resources in an effective manner (Brotherton, Fried & Norman, 2008).
It is an important tool which helps in determining all the activities and putting them in a sequence. The work breakdown structure helps in effective planning and proper execution of the project. It serves as an efficient planning and reporting tool in the area of project management (Phillips, 2003). The structure explains the series of activities which are to be performed to complete the project successfully. A project manager can develop the project schedule and can identify the resource required in the project (Brotherton, Fried & Norman, 2008).
Benefits of Work Breakdown Structure
 WBS is beneficial in the planning, budgeting and controlling functions by dividing the total project work into manageable elements (Work Breakdown Structure, 2009).
 It ...

Solution Summary

The expert describes project management. A Gantt chart and critical path is examined.