BUS 528 Week 8 Assignment A-1

Assignment A-1
Chapter 7 ideas- Realistic Scheduling.

We learnt about Gantt chart and CPM (Critical Path Method) during last semester in the class of BUS600 - Foundation of Business Management and you can take a look at the CPM and Gantt Chart example posted in the following link:
http://lowedmond.blogspot.com/2010/04/bus-600-week-8-assignment-1.html

In my opinion, to ensure a project success with a realistic scheduling, we need 'Status Checklist' to capture not only all the details that we identify in WBS but also:

1. Responsible by who?
2. the status/ progress (with colour coding - Done (green), yellow (in process) and red (problem)
3. ECD - expected commit date
4. Comments

Refer below example:

With the checklist for each phases of the project, you can then chart the project schedule summary using the Gantt method as shown below:

You can also identify the 'Critical Path' and also layout out the 'Action Plan' to meet the schedule plan.

A great schedule plan can bring multiple benefits to the project/ company:

• Effective process change
• Reduce cost/ inventory
• Shorten cycle time
• Increased efficiency
• Labor resources leveling
• Accurate delivery date - satisfy & happy customer
• Real time information (status update)