ABSTRACT
This chapter focuses on the time leg of the axis and provides examples on the importance of time management. Network control involves tracking the progress of a project on the basis of the network schedule and taking corrective actions when needed. Project management can be viewed as a tripod with three main components as its axes: time, budget and performance. The two most common techniques of basic project scheduling are the critical path method and program evaluation and review technique. The forward pass determines the earliest start time and the earliest completion time for each activity in the network. The backward-pass computations establish the latest start time and latest completion time for each node in the network. The Gantt chart is one of the most widely used tools for presenting project schedules. Crashing is done as a trade-off between shorter task duration and a higher task cost.
