According to the Olde Curmudgeon
According to the Olde Curmudgeon AN INTRODUCTION TO THE BASIC CONCEPTS OF MODERN PROJECT MANAGEMENT
Library of Congress Cataloging-in-PublicationData Webster, Francis Marion. PM 102, according to the Olde Curmudgeon : an introduction to the basic concepts of modern project management I Francis M. Webster, Jr. p. cm. Includes bibliographical references and index. ISBN: 1-880410-78-8 1. Project management. I. Title.
ISBN: 1-880410-78-8 Published by: Project Management Institute, Inc. Four Campus Boulevard Newtown Square, Pennsylvania 19073-3299 USA Phone: +610-356-4600 or Visit our website: www.pmi.org E-mail:
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Dedication
To my wife of now almost fifty years, who continued to stick with me through both PM 101 and PM 102. Also to our children, all professionals in their own fields now, who have put up with my discussions of MPM over the years and are, in varying degrees, practicing MPM today.
Figures Tables Foreword Preface
ix x xi xiii
Acknowledgements Chapter X--Estimating
xhr 1
Characteristics of an A m 5 Essential Variables of an Activity A Conceptual Model of an Activity Summary 21
6 10
Chapter XC-Basic Calculations for Scheduling: The Critical Path Method (CPM) The Basic Calculations 27 Ways to Reduce Project Duration Summary 44
Chapter XII-Resource
40
Management
49
Introduction 49 A Taxonomy of Resources 50 Managing ManagelialResources 59 Managing Human Resources 68 Managing Financial Resources 77 Managing Physical Resources 80 Managing Intangibles 94 Summary 96 Appendix XI1.A-Mars Pathfinder Project Appendix E .X % IIM -asr Pathfinder Project
Chapter XIIl-Project Scheduling
98 101
103
Introduction 103 What is Scheduling? 105 Objectives of Scheduling 106 Types of Scheduling 108 Considerations in Scheduling 120 Summary 138 Appendix XII1.A--Computer Scheduling of Resources 155 Appendix XII1.B-Mars Pathfinder Project 157 Appendix XIII.CMars Pathfinder Project
vii
141
Chapter XIV-TimelCost
Tradeoff in Scheduling
Introduction 159 History 160 The Basic Concepts of CPPS 161 Factors Affectingthe Opportunity Cost Factors Affecting the Activity's Costs 174 Some htensions Summary 174
Chapter XV-Cost
Management
170 170
177
Scope Cost Management 178 Desig