Project Management Economy

Question: Write an essay on Project Management? Answer: Here we are told of the critical path, now we must first understand the meaning of the word critical path, it means that when we take up a project we follow a certain path to finish its course and the paths can be different for different project but if the path that is taken proves out to be the longest path then it is called the critical path. Now here we will be given some precedence constraints to work on and the critical path must be chosen according to the precedence constraints set out by the Multiple sclerosis society of Canada, because the constraints determine the working principle that must followed in order to select the critical path that can be taken in order to serve the original purpose of the project of the Grand Bend Bicycle Tour. The critical path will be the longest path taken in order to accomplish the project so the project manager should keep in mind that if the projects deadline crosses over, he/she have to bear the consequences in order to finish the project efficiently so the project manger should always try to diminish the chances of taking up the critical path as the last resort, and revive all the stress of the number of participants involved or the capital needed or the administration involved (Heerkens, 2002). -In order to obtain the most efficient working process the project manager should try to reduce the chances of taking up the critical path to finish his task and so for that the project manger should undertake a sequence of tasks that would help him to reduce his chances of taking up the critical path in order to finish his project some of the methods or sequence of steps are given below. a) The Economy- The main usage of the critical plan comes into the picture when we talk about saving the capital associated with the project, so the first motive is to eliminate all kin sod unnecessary steps that could ensure a hit on the capital and undertaking of the critical path takes place. b) Identify the steps- Identify the unnecessary steps that require more time and obtain more chances of calling in the critical path to finish the project (Deeprose, 2002). So the project manager has the responsibility to reduce the number of unnecessary steps that are undertaken in order to reduce the chances of using the critical path. c) Customer Satisfaction- The project manager should also ensure that the dependency of the customers on the critical path must be reduced and for that they should make sure of taking the optimum time to finish the project so that there comes no need of taking up the critical path. Revised Critical Path- The revised critical path is the path under taken to complete the project in the allotted time by taking in all the methods that can be used in the process of the original critical path and completing the project in the allotted time by achieving all the constraints. Yes, an achievement of less than 23 days is made by taking up the revised critical path. The optimistic times must be undertaken, in order to finish the project of the bicycle tour in order to satisfy the needs of the customers who are in need in the Multiple Sclerosis Society of Canada (Wright, 2002). For that the project manager should think of all the means available in order to fulfill every aspect of the project without going into using the critical path as the last resort to its plan of accomplishing the project and for that the project manager has to deliver all the aspects of the project by completing the task to their ends and then delivering it to the customers and avoid using the critical path to achieve its goals. The present stress that the project managers are facing should be lifted as soon as possible in order to divert the project managers from the path which can be wring and prove itself as a catastrophe. For that the areas of stress must be identified in order to propose a suitable contingency plan and also certify a number of experts to work on the plan efficiently so that the expected objectives are gained (Kerzner, 2001). The contingency plan is nothing but a risk management procedure in order to save the project. References Deeprose, D. (2002).Project management. Oxford, U.K.: Capstone Pub. Heerkens, G. (2002).Project management. New York: McGraw-Hill. Kerzner, H. (2001).Project management. New York: John Wiley. Wright, J. (2002). Effective Project Management.International Journal of Project Management, 20(8), p.633.