The project management as the system of managing sequence of events - Essay Example

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The project management as the system of managing sequence of events

While the path that has maximum constrains for the resources needed for the completion is refereed as critical chain.
The two major factors that any infrastructure project must be analyzed for feasibility are the Existence of long term demand for the initiative and the existing governance framework are the two important aspects to be considered here. Thus the infrastructure projects are not built with unmet expectations besides linking them with other well functioning infrastructure projects. The stand alone infrastructure development initiatives are very difficult to be very successful (Booz Allen Hamilton, 2002). Infrastructure projects them selves may not directly be revenue generating but they provide necessary support systems which could create centers of high rate of revenue generation. But in the case of ROI the proposals are very clear and clear quantification of the return is possible. The ROI also offers opportunities that could structure the project to attain the benefits in a very quick way.
The ISO implementation process for the project management operations shall be planned as per the stipulated ISO standard : ISO 25100. This standard would be able to give necessary guidelines to create a common framework for project operations mainly communication and knowledge transfer across different units of the project team. ...Show more

Summary

The Critical Path Method (CPM) is one the most widely used network techniques for project management. In CPM, the activities are represented as per the sequence of their appearance and is based on the duration of the activities. But often the duration is influenced by resource constrains too…
Author : makennaoconner
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