Special Session 48: Mathematical Modeling and Optimization Techniques

Role of CPM Technique for Managing a Project and to determine the Time Schedule in Project Management with Practical Illustration

Islamudin - Rahim Khan
Research scholar in Management at Punjabi University Patiala Punjab India
India
Co-Author(s):    Islamudin Rahim Khan
Abstract:
Many techniques exist for managing a project and to determine the time schedule for a project. Some of them as critical path, programming and review analysis method. the method and success of quantitative decision-making approaches in project management through the use of critical path method as regards project duration and critical activities of a project were discussed. The presentation concludes that the critical path method is more effective when the projects end time is certain. The presentation therefore recommends that to achieve maximum operative efficiency in utilizing resources in project management prior to commencing the execution of a project all required resources to cover every activity must be assembled and prioritized to eliminate interruptions that could bring delay and unnecessary cost implications. Again, policies focused on improving project execution should be implemented in developing nations to minimize the many cases of failed and delayed projects. Subsequently stakeholders in projects must be given the right under the law to prosecute the government its agencies and the executors of projects for failure to execute a project on schedule.