Henry Gantt’s legacy to production management is the following: * The Gantt chart: Still accepted as an important management tool today‚ it provides a graphic schedule for the planning and controlling of work‚ and recording progress towards stages of a project. The chart has a modern variation‚ Program Evaluation and Review Technique (PERT). * Industrial Efficiency: Industrial efficiency can only be produced by the application of scientific analysis to all aspects of the work in progress
Premium Management Organization Project management
A Gantt chart is a type of bar chart‚ developed by Henry Gantt in the 1910s‚ that illustrates a project schedule. Gantt charts illustrate the start and finish dates of the terminal elements and summary elements of a project. Terminal elements and summary elements comprise the work breakdown structure of the project. Some Gantt charts also show the dependency (i.e. precedence network) relationships between activities. Gantt charts can be used to show current schedule status using percent-complete
Premium Project management Gantt chart Bar chart
Run Technique (PERT) chart is a model for project management. It is a tool designed to represent the tasks involved in a project and analyze the time required for completion during the project management life cycle. It also helps to identify the minimum time required to complete the project. It was developed to simplify the planning and scheduling of a project where all the details and durations of the activities are not known at the start itself. It is used especially in project where time scheduling
Premium Project management Critical path method Gantt chart
Executive Summary “The Woody Project” is to expand the production floor of The Custom Woodworking Company by 25% with a budget of $17 million within an 18 month timeframe wherein a semi-automatic production train will be designed and implemented along with other amities to increase production at the quality expected by the stakeholders and their cliental. Background The Custom Woodworking Company established in 1954 produces custom furniture and cabinets to order out of Industrial Estates‚
Premium Project management
Week 4 - Hand-in Assignment- Final Project Proposal 1. Background Woodworking Company‚ plans on expanding its current factory floor for additional 25% of existent floor area to meet new required capacity. 2. Objectives The main goal of the expansion project is to install a new semi-automatic production train including‚ air conditioning and dust free paint and finishing shop with additional compressor capacity. 3. Statement of Work In order to successfully
Premium Project management
CHAPTER 2 REVIEW OF RELATED STUDIES 2.1 RELATED STUDIES 2.1.1 Computer Reservations System According from the wikipedia‚ A computer reservations system or central reservation system (CRS) is a computerized system used to store and retrieve information and conduct transactions related to air travel‚ hotels‚ car rental‚ or activities. Originally designed and operated by airlines‚ CRSes were later extended for the use of travel agencies. Major CRS operations that book and sell tickets for
Premium Computer reservations system Travel agency
methodologies used in your project. Explain how your methodologies can be applied to similar types of project and cannot be applied to different type of project. Advantage of Gantt and PERT charts: 1. It gives the start time and end time of the project. 2. It gives you a precise time of each step of the project. 3. It gives you good view of which steps are the main or additional. 4. It provides exact prospective of which step depends on the other. Advantages of Gantt Charts. 5. It creates
Premium Project management Critical path method Gantt chart
Introduction I have been assigned the job of creating a project schedule for the construction of a new hotel complex in Preston Town Centre; it is next to a major roundabout in the town centre which is less than half a mile away from the local train station and bus station. As planning permission has been approved‚ work will begin shortly on constructing the complex. I have been given a list of all the major tasks that are included in building the complex as well as the duration of each task and
Premium Project management Cost Costs
1 |Fabrication |John |2/11/08 |4/11/08 |60 |20% |12 |48 | |1.1 |Spindle shaft | |2/11/08 |2/25/08 |14 |100% |14 |0 | |1.2 |housing | |2/25/08 |3/07/08 |11 |0% |0 |11 | |1.3 |housing end caps | |2/25/08 |3/07/08 |11 |0% |0 |11 | |1.4 |cross-feed flexure | |3/17/08 |4/01/08 |15 |0% |0 |15 | |1.5 |lead screw flexure | |3/17/08 |4/11/08 |25 |0% |0 |25 | |2 |Error model task |Jane |2/11/08 |5/14/08 |93 |0% |0 |93 | |2.1 |list of spindle error sources | |2/11/08 |2/25/08 |14 |0% |0 |14 | |2.2 |model
Premium Error
1. INTRODUCTION The phenomena of calendar effects in stock markets seem to be a center of curiosity for many researchers across the world. Following many studies about the significance of calendar anomalies‚ testing the presence of Monday effect and January effect appears to be an area of interest. The aim of this study is to discuss about calendar anomalies and its significance. It should be noted that the study will focus mainly on Monday effect and January effect on the stock returns of companies
Premium Stock market Fundamental analysis Stock