CPM/PERT for Project Management
What you'll learn
- Project Planning and Scheduling
- Correct prioritizing of activities and proper allocation of resources in project activities.
- Critical Path Method (CPM), a technique widely used in project planning and control.
- Understanding uncertainties in project and making smart decisions under them.
- Program Evaluation and Review Technique (PERT).
- Handling adversities in project.
- Learning and practicing with right learning strategies.
Requirements
- It is an intuitive approach towards Project Management. One should be willing to think in intuitive way.
Description
Critical Path Method (CPM)/ Program Evaluation and Review Technique (PERT) are the most sought after techniques in Project Planning and Scheduling. Stakeholders in any major project demand for CPM/PERT analysis to get convinced about the likely success of project. This course goes into the nuances of this powerful technique and helps project management professionals make use of it in gaining finer insight into the project. This course also discusses about how to use the CPM/PERT analysis for preparing Gantt Chart.
An interesting case has been included in exercise form that makes you apply these techniques in resource planning, resource allocation, prioritizing the activities and handling change in critical path. PERT/CPM examples discussed in this course are easy to understand even for beginners.
A section has been added for Probabilistic models that help in evaluating and managing uncertainties. Risk is measured in terms of probability. This brings quantitative approach towards project risk management particularly related to time overrun.
Here are few words of caution:
A sure way of becoming a mediocre professional is to learn any topic by learning features of some software or tool on that topic. People make this mistake and pay dearly in their careers.
If you are thinking of learning Project Management by learning a Project Management Software, you are on the same path. As a professional, you have to deal with several adversities in projects. Understanding the nuances of projects and applying smart management techniques are necessary to manage projects in optimum way. Software can do computations and present results in various ways. But, you can handle adversities and do smart planning only with good understanding of techniques.
This course doesn't teach you any software. But, it takes you deep into CPM/PERT techniques in most intuitive way. It enables you to plan projects smartly and handle adversities in best possible ways.
Who this course is for:
- Students of professional courses who want to increase their chance of getting good job.
- Students or Professionals preparing for PMP Certification or any professional examination.
- Professionals who have to handle projects in their work.
- Freelance project consultants.
- Any person who likes getting to the nuances of any technique.
Instructor
I am a graduate from Indian Institute of Technology, Kharagpur and a Ph. D. from Jharkhand Rai University, Ranchi, India. I enjoy teaching Operations Research and Applied Mathematics to students at different levels. My main engagement is with Insurance professionals who need to apply data science and related concepts extensively in their area of work.
These subjects can be learnt best when done in intuitive way. I prefer to focus on logic and try to get to the nuances of mathematical concepts.