What you’ll learn:
You will learn the basic tools of the Critical Path Method, a frequently used tool in Operations Research to monitor project implementation.
You will learn how to draw a network diagram, how to number the events, how to carry out a forward pass and a backward pass.
You will clearly understand the difference between Activity On Node (AON) and Activity On Arrow (AOA) diagram and how to move from one to the other.
You will also know the tactics of putting the diagram in two different situations, with a single job starting and multiple concurrent jobs at starting.
You will learn how to find the critical path and the non critical activities.
You will learn how to find the critical path and the non critical activities.
You will learn how to determine the floats or slackness in jobs, how to calculate free floats and total floats.
You will learn how to ‘crash’ or compress a project network to complete it in a shorter time, and measure the impact of the same in project cost.
You will learn about the probabilistic calculations or ‘PERT’ in a network diagram and how to convert a PERT problem into a CPM problem.
All these will be done using both manual hand-drawn method as well as in Microsoft Excel in a semi-automatic way.
Requirements:
There is no specific pre-requisite for this course. You can follow this course step by step in easy English language. Knowledge of Excel will be an added advantage.
Description:
I am a Chartered Accountant and LL.B. who has seen both sides of the life. I have worked in senior capacity with large companies in India and Europe. Post retirement from corporate life I have also worked as an MBA faculty in a NAAC A grade institution. I have experienced Project Management in corporate life. I have also taught PERT and CPM to my MBA students for several years.
Here, in this course I am addressing the Networking Techniques. i.e. CPM, PERT and GANTT Chart for the use of students.
You can practise in manual methods. Simultaneously I am giving you an Excel tool, which you can download and use. You can play with it, simulate different situations and learn. If you do not know Excel, no problem, because I am teaching you the manual methods also.
My attempt, over the years has been to teach without using jargons and mathematical notations, so that the student without any math background can also understand the algorithm easily.
A networking problem in Operations Research is a very large topic. Out of these, the Critical Path Method (CPM) and the Project Evaluation and Review Technique (PERT) and GANTT Chart have been covered at length. At the beginning of the course, a detailed method of drawing the network has been explained at length. Here you will understand the ‘Precedence Relationship’ between the activities. These have been done using two processes, Activity on Node (AON) and Activity on Line (AOL), and within them two more sub-types, Single Activity at start, and Multiple concurrent activities at Start. Movement from CPM to PERT has been kept as smooth as possible using the concept of probabilistic durations. This is towards the end of the course.
You can download all the manual diagrams from the resource section of the relevant lectures.
If you are an Excel fan, you can download the two Excel models provided.
I hope the students like this course and spread it to friends so that more and more people join the course. The pricing has been kept towards the lower end for more students to benefit from.
If you like the course, do not forget to give your rating, as this will go a long way to inspire me to bring more courses to you.
Best wishes and happy learning.
CA. Pradip Kumar GhoshWho this course is for:Every student of commerce, BBA,MBA,CA can take it. Also students of Project Management and Operations Research can take this course.Even any other person curious about CPM / PERT or project management can take the course.
Who this course is for:
Every student of commerce, BBA,MBA,CA can take it. Also students of Project Management and Operations Research can take this course.
Even any other person curious about CPM / PERT or project management can take the course
