Project Management Tools
Risk and uncertainty increase in the size of the project, even when the project is developed according to the prescribed methods.
We use project management tools to manage project management systems properly and efficiently.
The Gantt chart was developed in 1917 by Henry Gantt. Gantt chart is a useful tool when you want to see the whole scenario of one or several projects. This helps you to see which tasks are interdependent and which events are coming up. The allocation of resources to activities is done with the help of the Gantt chart. It is also useful in resource planning.
The PERT (Program Evaluation and Review Techniques) chart is a tool that represents the project as a network diagram (including arrows and boxes). The boxes represent the operations, and the arrows are the functional dependencies. The PERT chart reflects the statistical fluctuations in the projections of the program assume a normal distribution. Events occurring one after another indicate the dependency of the event after the previous one.
The logic network shows the sequence of actions over time. It shows the order in which the activities are to be done. Detecting events and reducing the project are the two primary uses. Also, it will help in understanding the work dependencies, deadlines, and overall project workflow.
Product Breakdown Structure
Product Breakdown Structure (PBS) is a management tool and necessary tool as a part of the project designing. This is a task-oriented system to divide a project into sub-parts. The breakdown structure of the product describes the clause or work package and represents the relationship between the work package.
Work Breakdown Structure
The work breakdown structure (WBS) is used to transform a given function set into smaller activities iteratively. The WBS provides a notation to represent the important tasks that need to be done to solve a problem. The problems are known as the root of the tree. Each node breaks up into smaller nodes at the leaf level. Each sub-node takes about two weeks to develop. While breaking down the nodes into smaller nodes, the manager has to make some tough decisions. If nodes are broken into large numbers or small nodes, then these nodes can be developed independently. Thus, it becomes possible to develop the product rapidly.
A resource histogram is a bar chart that is used to display the amount of time that is to be worked over a set and specific period. Resource histograms can also include a related feature of resource availability, which is used for contrast purposes.
Critical Path Analysis
This tool is useful in identifying interdependent tasks in the project. It also helps in locating the shortest route or critical route to complete the project successfully. This tool shows the dependency of the event that an event can proceed only upon completion. The events are arranged according to their opening times. The path between the beginning and the final node is a critical one that cannot be deduced, and all events must be run in the same order.