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Project management has become a widespread instrument enabling organizations to efficiently master the challenges of steadily shortening product life cycles, global markets and decreasing profit margins. With projects increasing in size and complexity, their planning and control represents one of the most crucial management tasks. This is especially true for scheduling, which is concerned with establishing execution dates for the sub-activities to be performed in order to complete the project. The ability to manage projects where resources must be allocated between concurrent projects or even sub-activities of a single project requires the use of commercial project management software packages. However, the results yielded by the solution procedures included are often rather unsatisfactory. Scheduling of Resource-Constrained Projects develops more efficient procedures, which can easily be integrated into software packages by incorporated programming languages, and thus should be of great interest for practitioners as well as scientists working in the field of project management. The book is divided into two parts. In Part I, the project management process is described and the management tasks to be accomplished during project planning and control are discussed. This allows for identifying the major scheduling problems arising in the planning process, among which the resource-constrained project scheduling problem is the most important. Part II deals with efficient computer-based procedures for the resource-constrained project scheduling problem and its generalized version. Since both problems are NP-hard, the development of such procedures which yield satisfactory solutions in a reasonable amount of computation time is very challenging, and a number of new and very promising approaches are introduced. This includes heuristic procedures based on priority rules and tabu search as well as lower bound methods and branch and bound procedures which can be applied for computing optimal solutions.
This comprehensive book gives a conceptual, analytical and evaluative study of the principles and practices of Project Management and Control systems in a student-friendly manner. The book provides an overview of project management, and gives a detailed analysis of project life cycle and its different phases, identification of project opportunities, and sources of project ideas. It describes in detail various considerations and priorities in setting up projects at macro and micro levels, project appraisal, and various types of organisation structures. Besides, the book also explains the different ways and means of financing projects, the sources of finance nationally and internationally, the need for estimation of project cost, and different aspects of post-project review. Finally, the book dwells on computer aided project management to demonstrate how the computer can help the management in handling all project activities efficiently. Primarily intended as a text for the postgraduate students of commerce and management, the book can also be authoritatively used by the researchers, project managers, consultants, and corporate policy and decision makers. KEY FEATURES : Describes various aspects of contract management in great detail with live examples. Explains the risks encountered by MNCs in an international project and the remedies available to handle these risks effectively. Contains a Glossary to explain the core concepts. Provides a large number of graphs, charts, tables, illustrative examples and appendices to help readers in analytical understanding of the subject.
This fifth edition provides a comprehensive resource for project managers. It describes the latest project management systems that use critical path methods.