The Critical Path Method

This chapter makes an effort to tighten the gap between the project scheduling literature and the needs of project managers and schedulers through the use of a practical computerized simulation game. Project managers are constantly confronted with the int

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Project Management with Dynamic Scheduling Baseline Scheduling, Risk Analysis and Project Control 2nd Edition

Project Management with Dynamic Scheduling

Mario Vanhoucke

Project Management with Dynamic Scheduling Baseline Scheduling, Risk Analysis and Project Control Second Edition

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Mario Vanhoucke Ghent University Fac. Economics and Business Administration Ghent Belgium

ISBN 978-3-642-40437-5 ISBN 978-3-642-40438-2 (eBook) DOI 10.1007/978-3-642-40438-2 Springer Heidelberg New York Dordrecht London Library of Congress Control Number: 2013956213 c Springer-Verlag Berlin Heidelberg 2013, 2012  This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)

Preface

Project scheduling began as a research track within the mathematical field of Operations Research in order to determine start and finish times of project activities subject to precedence and resource constraints while optimizing a certain project objective (such as lead-time minimization, cash-flow optimization, etc.). The initial research done in the late 1950s mainly focused on network based techniques such as CPM (Critical Path Method) and PERT (Program Evaluation and Review Technique), which are still widely recognized as important project management tools and techniques. From this moment on, a substantia