Project Management According to Meredith and Mantel - Assignment Example

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The paper "Project Management According to Meredith and Mantel " discusses that Meredith and Mantel have discussed and classified resources needed for project implementation. In their book, they discuss a resource as a means to undertake a project and from which benefits are obtained…

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Project Management According to Meredith and Mantel

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Subject: Management
Type: Assignment
Level: High School
Pages: 1 (250 words)
Downloads: 2
Author: qreilly

Extract of sample "Project Management According to Meredith and Mantel"

According to Meredith and Mantel, resource loading is allocating a type of resource to the project activities over a specified project period. Resource loading gives a project planner a rough estimate of the resources that are required for a given project. Resource loading is determined to a large extent by the time to be taken by each project activity. Resource loading differs from resource leveling in that resource leveling aims at appropriate resource allocation such that the activity is not over-allocated any resource. It also reduces any chances of under-allocation of resources. Resource leveling can be done by delaying or splitting an activity until when the required resource is available.

The critical chain concept was developed to solve the problem of time wastage in project implementation. The critical chain is explained as the longest chain of project tasks that are logically dependent. Since the planner cannot be sure of the critical chain timeline, buffers are used to manage and control any variations that might occur. Buffers ensure that the project finish date is not affected.

Critical Path= longest path with the most number of days
Critical path= A > B > E = 7+ 3+ 2= 12 days
1. Activity A should be crashed to meet a project deadline of ten days with minimum costs.
2. Assuming partial crashing the new cost will be $1600
3. Partial crashing is not appropriate for this kind of project. Read More

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